Financials Titan Wind Energy (Suzhou) Co.,Ltd

Equities

002531

CNE100000YH0

Renewable Energy Equipment & Services

End-of-day quote Shenzhen S.E. 03:30:00 28/06/2024 am IST 5-day change 1st Jan Change
8.94 CNY +1.71% Intraday chart for Titan Wind Energy (Suzhou) Co.,Ltd -2.19% -22.93%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 11,172 14,836 34,841 27,187 20,844 16,064 - -
Enterprise Value (EV) 1 14,077 19,104 38,907 33,667 29,948 25,605 27,764 16,064
P/E ratio 15 x 14 x 26.6 x 43.2 x 26.4 x 11.2 x 7.79 x 5.93 x
Yield 1.58% 1.78% 0.41% - 0.65% 1.55% 2.34% 2.71%
Capitalization / Revenue 1.87 x 1.84 x 4.27 x 4.03 x 2.7 x 1.44 x 1.09 x 0.91 x
EV / Revenue 2.36 x 2.37 x 4.76 x 5 x 3.88 x 2.29 x 1.89 x 0.91 x
EV / EBITDA 12 x 11.4 x 21.2 x 31.3 x 19.9 x 8.85 x 7.19 x 3.39 x
EV / FCF - - -213 x -40.2 x 36.4 x 22.7 x 12.6 x -
FCF Yield - - -0.47% -2.49% 2.75% 4.41% 7.91% -
Price to Book 1.94 x 2.24 x 4.49 x 3.3 x 2.35 x 1.58 x 1.34 x 1.12 x
Nbr of stocks (in thousands) 17,67,659 17,62,029 17,96,879 17,96,879 17,96,879 17,96,879 - -
Reference price 2 6.320 8.420 19.39 15.13 11.60 8.940 8.940 8.940
Announcement Date 28/02/20 11/03/21 12/04/22 28/04/23 26/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,967 8,051 8,166 6,738 7,727 11,169 14,722 17,671
EBITDA 1 1,178 1,669 1,833 1,074 1,502 2,892 3,864 4,745
EBIT 1 872.8 1,312 1,498 659 891 1,676 2,369 2,997
Operating Margin 14.63% 16.29% 18.34% 9.78% 11.53% 15.01% 16.09% 16.96%
Earnings before Tax (EBT) 1 877.9 1,314 1,489 666.5 886.8 1,585 2,306 2,997
Net income 1 746.5 1,050 1,310 628.1 795.2 1,413 2,061 2,708
Net margin 12.51% 13.04% 16.04% 9.32% 10.29% 12.66% 14% 15.33%
EPS 2 0.4200 0.6000 0.7300 0.3500 0.4400 0.7956 1.148 1.507
Free Cash Flow 1 - - -182.7 -837.9 823.2 1,128 2,196 -
FCF margin - - -2.24% -12.44% 10.65% 10.1% 14.92% -
FCF Conversion (EBITDA) - - - - 54.81% 39.01% 56.84% -
FCF Conversion (Net income) - - - - 103.52% 79.8% 106.57% -
Dividend per Share 2 0.1000 0.1500 0.0800 - 0.0750 0.1390 0.2095 0.2420
Announcement Date 28/02/20 11/03/21 12/04/22 28/04/23 26/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 - - - - - - 2,946 2,098 1,320 1,054 4,090 2,913 1,833 2,128 4,600
EBITDA - - - - - - - - - - - - - - -
EBIT - - - - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - - - - - -
Net income - - - - - - - - - - - - - - -
Net margin - - - - - - - - - - - - - - -
EPS 2 0.1500 0.0181 0.1200 0.0700 0.1400 0.1097 0.2100 0.0800 0.0400 0.0826 0.2500 0.0900 0.3000 - -
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 12/04/22 29/04/22 18/08/22 27/10/22 28/04/23 28/04/23 28/08/23 30/10/23 26/04/24 26/04/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,905 4,267 4,066 6,480 9,104 9,540 11,699 -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.466 x 2.557 x 2.219 x 6.034 x 6.061 x 3.299 x 3.028 x -
Free Cash Flow 1 - - -183 -838 823 1,128 2,196 -
ROE (net income / shareholders' equity) 13.5% 16.8% 18.1% 7.84% 9.37% 13.5% 16.6% 18.1%
ROA (Net income/ Total Assets) 5.71% 7.55% 8.6% 3.53% 3.6% 5.05% 6.31% 7.02%
Assets 1 13,071 13,908 15,224 17,791 22,097 28,003 32,657 38,598
Book Value Per Share 2 3.270 3.750 4.310 4.580 4.950 5.650 6.690 8.000
Cash Flow per Share 2 0.4800 0.1300 0.4300 0.4200 1.020 1.080 1.340 1.320
Capex 1 872 1,140 959 1,592 1,006 1,096 1,157 2,348
Capex / Sales 14.61% 14.16% 11.74% 23.62% 13.02% 9.81% 7.86% 13.29%
Announcement Date 28/02/20 11/03/21 12/04/22 28/04/23 26/04/24 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
8.94 CNY
Average target price
13.21 CNY
Spread / Average Target
+47.73%
Consensus
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