GUANGDONG TIANHE AGRICULTURAL MEANS OF PRODUCTION CO., LTD. Financials Guangdong Tianhe Agricultural Means of Production Co., Ltd.
Equities
002999
CNE1000046L0
Agricultural Chemicals
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6.41 CNY | -5.74% |
|
-2.88% | -14.53% |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Capitalization 1 | 2,950 | 2,388 | 3,479 | 2,607 |
| Enterprise Value (EV) 1 | 3,023 | 2,283 | 3,568 | 3,059 |
| P/E ratio | 31.3 x | 24.5 x | 32.3 x | 25.9 x |
| Yield | 1.26% | 1.46% | 1% | 1.6% |
| Capitalization / Revenue | 0.29 x | 0.18 x | 0.24 x | 0.17 x |
| EV / Revenue | 0.3 x | 0.18 x | 0.25 x | 0.2 x |
| EV / EBITDA | 15.2 x | 9.25 x | 13.2 x | 12.7 x |
| EV / FCF | 10.8 x | 13.3 x | -17.2 x | -10.4 x |
| FCF Yield | 9.27% | 7.53% | -5.81% | -9.61% |
| Price to Book | 2.86 x | 2.19 x | 2.99 x | 2.12 x |
| Nbr of stocks (in thousands) | 3,47,592 | 3,47,592 | 3,47,592 | 3,47,592 |
| Reference price 2 | 8.486 | 6.870 | 10.01 | 7.500 |
| Announcement Date | 26/04/21 | 27/04/22 | 28/04/23 | 15/04/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 7,191 | 9,012 | 10,037 | 13,000 | 14,504 | 15,511 |
| EBITDA 1 | 202 | 207.8 | 199.3 | 246.8 | 269.6 | 241.6 |
| EBIT 1 | 179.8 | 183.5 | 174.6 | 220.1 | 236 | 198.3 |
| Operating Margin | 2.5% | 2.04% | 1.74% | 1.69% | 1.63% | 1.28% |
| Earnings before Tax (EBT) 1 | 150.3 | 132.3 | 136.2 | 193.3 | 200.2 | 139.8 |
| Net income 1 | 91.49 | 77.4 | 79.51 | 98.02 | 106.1 | 100.2 |
| Net margin | 1.27% | 0.86% | 0.79% | 0.75% | 0.73% | 0.65% |
| EPS 2 | 0.3500 | 0.3000 | 0.2714 | 0.2800 | 0.3100 | 0.2900 |
| Free Cash Flow 1 | -418.3 | 244.3 | 280.4 | 171.8 | -207.2 | -294 |
| FCF margin | -5.82% | 2.71% | 2.79% | 1.32% | -1.43% | -1.9% |
| FCF Conversion (EBITDA) | - | 117.56% | 140.67% | 69.62% | - | - |
| FCF Conversion (Net income) | - | 315.66% | 352.62% | 175.3% | - | - |
| Dividend per Share 2 | 0.2143 | 0.2143 | 0.1071 | 0.1000 | 0.1000 | 0.1200 |
| Announcement Date | 16/08/20 | 16/08/20 | 26/04/21 | 27/04/22 | 28/04/23 | 15/04/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 826 | 617 | 73.9 | - | 88.2 | 452 |
| Net Cash position 1 | - | - | - | 104 | - | - |
| Leverage (Debt/EBITDA) | 4.092 x | 2.97 x | 0.3708 x | - | 0.3273 x | 1.873 x |
| Free Cash Flow 1 | -418 | 244 | 280 | 172 | -207 | -294 |
| ROE (net income / shareholders' equity) | 15.2% | 13.8% | 10.6% | 11.9% | 10.5% | 6.38% |
| ROA (Net income/ Total Assets) | 4.02% | 3.57% | 2.6% | 2.54% | 2.38% | 1.83% |
| Assets 1 | 2,276 | 2,165 | 3,063 | 3,854 | 4,451 | 5,463 |
| Book Value Per Share 2 | 2.420 | 2.520 | 2.960 | 3.140 | 3.350 | 3.540 |
| Cash Flow per Share 2 | 1.680 | 2.150 | 3.140 | 3.530 | 2.760 | 2.080 |
| Capex 1 | 159 | 67.4 | 408 | 279 | 303 | 138 |
| Capex / Sales | 2.22% | 0.75% | 4.07% | 2.14% | 2.09% | 0.89% |
| Announcement Date | 16/08/20 | 16/08/20 | 26/04/21 | 27/04/22 | 28/04/23 | 15/04/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -14.53% | 327M | |
| +12.09% | 881M | |
| +30.53% | 759M | |
| -33.99% | 634M | |
| -7.69% | 206M | |
| -.--% | 101M | |
| +24.74% | 83.41M |
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