Financials Shijiazhuang Tonhe Electronics Technologies Co.,Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 03:30:00 02/07/2024 am IST			5-day change	1st Jan Change
14.13 ^CNY	-0.21%		+0.43%	-36.58%

20/05	Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. Approves Final Cash Dividend for the Year 2023	CI
26/04	Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Fiscal Period: December	2019	2022	2023	2024	2025	2026
Capitalization ¹	2,098	2,397	3,878	2,459	-	-
Enterprise Value (EV) ¹	2,098	2,397	3,878	2,459	2,459	2,459
P/E ratio	68.5 x	53.2 x	37.8 x	15.4 x	10.4 x	7 x
Yield	-	-	0.54%	1.46%	2.26%	2.97%
Capitalization / Revenue	-	-	3.84 x	1.66 x	1.21 x	0.9 x
EV / Revenue	-	-	3.84 x	1.66 x	1.21 x	0.9 x
EV / EBITDA	-	-	30.3 x	11.6 x	8.2 x	5.57 x
EV / FCF	-	-	-2,25,65,338 x	-	-	-
FCF Yield	-	-	-0%	-	-	-
Price to Book	-	-	3.47 x	1.95 x	1.67 x	1.37 x
Nbr of stocks (in thousands)	1,61,248	1,73,453	1,74,041	1,74,041	-	-
Reference price ²	13.01	13.82	22.28	14.13	14.13	14.13
Announcement Date	28/02/20	25/04/23	26/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2022	2023	2024	2025	2026
Net sales ¹	-	-	1,009	1,484	2,036	2,727
EBITDA ¹	-	-	128.2	211.6	299.8	441.2
EBIT ¹	-	-	107.2	164.8	245.9	371.8
Operating Margin	-	-	10.63%	11.1%	12.08%	13.63%
Earnings before Tax (EBT) ¹	-	-	107.2	164.8	248.1	371.8
Net income ¹	30.01	44.34	102.6	155.4	236	351
Net margin	-	-	10.17%	10.47%	11.59%	12.87%
EPS ²	0.1900	0.2600	0.5900	0.9160	1.356	2.018
Free Cash Flow	-	-	-171.8	-	-	-
FCF margin	-	-	-17.04%	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-
Dividend per Share ²	-	-	0.1200	0.2067	0.3200	0.4200
Announcement Date	28/02/20	25/04/23	26/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow	-	-	-172	-	-	-
ROE (net income / shareholders' equity)	-	-	9.69%	12.9%	16.5%	20%
ROA (Net income/ Total Assets)	-	-	5.8%	6.48%	7.66%	9.08%
Assets ¹	-	-	1,770	2,399	3,082	3,865
Book Value Per Share ²	-	-	6.420	7.240	8.440	10.30
Cash Flow per Share ²	-	-	0.0800	0.2000	0.6000	0.9900
Capex ¹	-	-	187	95.1	81.8	84.8
Capex / Sales	-	-	18.5%	6.41%	4.02%	3.11%
Announcement Date	28/02/20	25/04/23	26/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

14.13 CNY

Average target price

23.44 CNY

Spread / Average Target

+65.89%

	1st Jan change	Capi.
SHIJIAZHUANG TONHE ELECTRONICS TECHNOLOGIES CO.,LTD.	-36.58%	339M
CATL (CONTEMPORARY AMPEREX TECHNOLOGY)	+7.85%	106B
LG ENERGY SOLUTION, LTD.	-19.65%	58.69B
TDK CORPORATION	+49.17%	23.15B
SAMSUNG SDI CO., LTD.	-25.53%	17.59B
ECOPRO BM. CO., LTD.	-36.63%	13.31B
EVE ENERGY CO., LTD.	-10.12%	10.83B
VOLTRONIC POWER TECHNOLOGY CORP.	+4.97%	4.8B
GOTION HIGH-TECH CO.,LTD.	-14.37%	4.57B
ENERSYS	+1.07%	4.08B