Financials Shanghai Tongji Science&Technology Industrial Co.,Ltd

Equities

600846

CNE000000CL9

Construction & Engineering

End-of-day quote Shanghai S.E. 03:30:00 05/07/2024 am IST 5-day change 1st Jan Change
6.45 CNY 0.00% Intraday chart for Shanghai Tongji Science&Technology Industrial Co.,Ltd -5.70% -30.65%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 4,467 5,817 5,161 5,098 5,617 5,810
Enterprise Value (EV) 1 2,855 4,636 2,934 3,697 2,298 5,143
P/E ratio 14.9 x 9.6 x 8.69 x 8.87 x 16.1 x 15.2 x
Yield 2.1% 3.65% 3.87% 3.43% 1.89% 2.15%
Capitalization / Revenue 1.36 x 0.92 x 0.82 x 0.83 x 1.42 x 1.02 x
EV / Revenue 0.87 x 0.73 x 0.47 x 0.6 x 0.58 x 0.91 x
EV / EBITDA 8.3 x 3.85 x 2.94 x 5.85 x 7.9 x 18.1 x
EV / FCF 0.85 x -12.6 x 2.12 x -6.18 x 1.31 x -2.1 x
FCF Yield 118% -7.95% 47.2% -16.2% 76.4% -47.7%
Price to Book 1.95 x 2.08 x 1.7 x 1.51 x 1.58 x 1.52 x
Nbr of stocks (in thousands) 6,24,762 6,24,762 6,24,762 6,24,762 6,24,762 6,24,762
Reference price 2 7.150 9.310 8.260 8.160 8.990 9.300
Announcement Date 12/04/19 29/04/20 29/04/21 30/03/22 11/04/23 26/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,284 6,351 6,303 6,132 3,943 5,673
EBITDA 1 344 1,204 996.5 632.3 291 284.7
EBIT 1 282.5 1,135 929.8 577.5 233.6 230.8
Operating Margin 8.6% 17.87% 14.75% 9.42% 5.92% 4.07%
Earnings before Tax (EBT) 1 457.9 1,250 1,109 777.5 430.1 444.1
Net income 1 301.2 607.2 596 577.2 352.3 381.3
Net margin 9.17% 9.56% 9.46% 9.41% 8.93% 6.72%
EPS 2 0.4800 0.9700 0.9500 0.9200 0.5600 0.6100
Free Cash Flow 1 3,357 -368.6 1,384 -597.8 1,755 -2,452
FCF margin 102.22% -5.8% 21.95% -9.75% 44.51% -43.22%
FCF Conversion (EBITDA) 975.77% - 138.84% - 603.14% -
FCF Conversion (Net income) 1,114.32% - 232.15% - 498.22% -
Dividend per Share 2 0.1500 0.3400 0.3200 0.2800 0.1700 0.2000
Announcement Date 12/04/19 29/04/20 29/04/21 30/03/22 11/04/23 26/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 1,612 1,181 2,227 1,401 3,319 667
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 3,357 -369 1,384 -598 1,755 -2,452
ROE (net income / shareholders' equity) 12.8% 29.1% 25.2% 19.2% 10.6% 10.7%
ROA (Net income/ Total Assets) 1.64% 5.8% 4.95% 3.5% 1.45% 1.44%
Assets 1 18,358 10,478 12,036 16,487 24,298 26,509
Book Value Per Share 2 3.660 4.470 4.860 5.420 5.690 6.130
Cash Flow per Share 2 6.300 5.520 5.550 4.690 7.140 3.520
Capex 1 71.6 65.7 111 145 25.5 28.4
Capex / Sales 2.18% 1.03% 1.76% 2.36% 0.65% 0.5%
Announcement Date 12/04/19 29/04/20 29/04/21 30/03/22 11/04/23 26/04/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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