Financials Taiji Computer Corporation Limited

Equities

End-of-day quote Shenzhen S.E. Other stock markets 03:30:00 28/06/2024 am IST			5-day change	1st Jan Change
22.55 ^CNY	+2.04%		+2.59%	-23.64%

29/04	Taiji Computer Corporation Limited Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
18/04	Taiji Computer to Apply for 7.5 Billion Yuan Credit	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	16,065	15,134	15,964	16,306	18,404	14,054	-	-
Enterprise Value (EV) ¹	16,065	15,134	15,964	16,306	18,404	14,054	14,054	14,054
P/E ratio	47.9 x	41 x	42.8 x	43.3 x	48.3 x	28.2 x	21.8 x	17 x
Yield	0.63%	0.73%	0.7%	0.68%	0.61%	0.98%	1.4%	1.51%
Capitalization / Revenue	2.27 x	1.77 x	1.52 x	1.54 x	2 x	1.38 x	1.18 x	1.05 x
EV / Revenue	2.27 x	1.77 x	1.52 x	1.54 x	2 x	1.38 x	1.18 x	1.05 x
EV / EBITDA	30.9 x	26.1 x	-	20 x	25.4 x	15.8 x	13.9 x	11.2 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	4.95 x	4.54 x	4.54 x	4.08 x	3.56 x	2.52 x	2.32 x	2.04 x
Nbr of stocks (in thousands)	5,77,877	5,79,640	5,79,653	5,79,661	6,23,231	6,23,231	-	-
Reference price ²	27.80	26.11	27.54	28.13	29.53	22.55	22.55	22.55
Announcement Date	27/02/20	09/04/21	14/04/22	06/04/23	17/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	7,063	8,533	10,505	10,601	9,195	10,216	11,907	13,357
EBITDA ¹	519.7	579.6	-	816.3	724.8	890	1,012	1,259
EBIT ¹	378.9	394.4	419.4	436.8	418.9	555	744.6	954.1
Operating Margin	5.36%	4.62%	3.99%	4.12%	4.56%	5.43%	6.25%	7.14%
Earnings before Tax (EBT) ¹	378.9	393.6	419.6	435.5	420.6	551.6	742.9	946.9
Net income ¹	335.4	368.7	373.1	377.7	375.2	498.1	646.6	828.2
Net margin	4.75%	4.32%	3.55%	3.56%	4.08%	4.88%	5.43%	6.2%
EPS ²	0.5803	0.6373	0.6436	0.6504	0.6110	0.7988	1.035	1.330
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.1743	0.1910	0.1940	0.1920	0.1810	0.2200	0.3167	0.3400
Announcement Date	27/02/20	09/04/21	14/04/22	06/04/23	17/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	11.3%	10.9%	10.2%	9.76%	7.77%	8.33%	9.6%	11%
ROA (Net income/ Total Assets)	3.35%	3.05%	2.44%	2.29%	2.34%	2.72%	3.5%	3.79%
Assets ¹	10,002	12,084	15,311	16,481	16,030	18,289	18,475	21,852
Book Value Per Share ²	5.610	5.750	6.060	6.900	8.300	8.960	9.730	11.00
Cash Flow per Share ²	-0.4900	1.870	1.280	0.2700	-0.8900	1.460	1.400	0.7500
Capex ¹	229	146	325	250	228	340	359	354
Capex / Sales	3.25%	1.71%	3.1%	2.36%	2.48%	3.33%	3.02%	2.65%
Announcement Date	27/02/20	09/04/21	14/04/22	06/04/23	17/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

C+

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

22.55 CNY

Average target price

33.46 CNY

Spread / Average Target

+48.37%

	1st Jan change	Capi.
TAIJI COMPUTER CORPORATION LIMITED	-23.64%	193.4Cr
ACCENTURE PLC	-13.54%	19TCr
TATA CONSULTANCY SERVICES LTD.	+2.92%	17TCr
IBM	+5.75%	16TCr
AUTOMATIC DATA PROCESSING, INC.	+2.46%	9.77TCr
CROWDSTRIKE HOLDINGS, INC.	+50.08%	9.33TCr
RELX PLC	+17.01%	8.57TCr
INFOSYS LIMITED	+1.55%	7.78TCr
HCL TECHNOLOGIES LIMITED	-0.44%	4.74TCr
SNOWFLAKE INC.	-32.12%	4.52TCr