ZHEJIANG TIANCHENG CONTROLS CO., LTD. Financials Zhejiang Tiancheng Controls Co., Ltd.
Equities
603085
CNE1000022V0
Auto, Truck & Motorcycle Parts
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9.65 CNY | -3.11% |
|
+6.87% | -5.39% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,246 | 2,374 | 3,784 | 2,947 | 4,225 | 4,035 |
| Enterprise Value (EV) 1 | 2,818 | 3,089 | 4,049 | 3,372 | 4,555 | 4,418 |
| P/E ratio | 61.5 x | -4.43 x | 64.2 x | 104 x | -14.9 x | 255 x |
| Yield | 0.52% | - | - | - | - | - |
| Capitalization / Revenue | 2.34 x | 1.63 x | 2.65 x | 1.73 x | 2.97 x | 2.83 x |
| EV / Revenue | 2.94 x | 2.12 x | 2.84 x | 1.98 x | 3.2 x | 3.1 x |
| EV / EBITDA | 41.2 x | -25.7 x | 30.9 x | 28.8 x | -142 x | 36.9 x |
| EV / FCF | -15.2 x | -31.6 x | -117 x | -61.3 x | -1,604 x | 66.2 x |
| FCF Yield | -6.56% | -3.17% | -0.86% | -1.63% | -0.06% | 1.51% |
| Price to Book | 2.26 x | 4.98 x | 3.74 x | 2.84 x | 4.63 x | 1.52 x |
| Nbr of stocks (in thousands) | 2,90,986 | 2,90,986 | 3,70,225 | 3,70,225 | 3,97,100 | 3,95,568 |
| Reference price 2 | 7.720 | 8.160 | 10.22 | 7.960 | 10.64 | 10.20 |
| Announcement Date | 26/04/19 | 24/06/20 | 14/04/21 | 24/04/22 | 28/04/23 | 26/04/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 958 | 1,456 | 1,428 | 1,704 | 1,425 | 1,427 |
| EBITDA 1 | 68.47 | -120.4 | 131.1 | 117.3 | -32.11 | 119.7 |
| EBIT 1 | 28.57 | -179.9 | 63.36 | 43.46 | -120.5 | 13.62 |
| Operating Margin | 2.98% | -12.35% | 4.44% | 2.55% | -8.46% | 0.95% |
| Earnings before Tax (EBT) 1 | 35.82 | -570.4 | 46.31 | 19.99 | -277 | 12.19 |
| Net income 1 | 36.55 | -535.1 | 50.53 | 28.2 | -273.2 | 14.17 |
| Net margin | 3.81% | -36.75% | 3.54% | 1.66% | -19.18% | 0.99% |
| EPS 2 | 0.1256 | -1.840 | 0.1592 | 0.0762 | -0.7122 | 0.0400 |
| Free Cash Flow 1 | -184.8 | -97.86 | -34.63 | -55.03 | -2.84 | 66.79 |
| FCF margin | -19.29% | -6.72% | -2.43% | -3.23% | -0.2% | 4.68% |
| FCF Conversion (EBITDA) | - | - | - | - | - | 55.79% |
| FCF Conversion (Net income) | - | - | - | - | - | 471.29% |
| Dividend per Share 2 | 0.0400 | - | - | - | - | - |
| Announcement Date | 26/04/19 | 24/06/20 | 14/04/21 | 24/04/22 | 28/04/23 | 26/04/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 572 | 714 | 265 | 425 | 330 | 383 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 8.348 x | -5.933 x | 2.024 x | 3.623 x | -10.27 x | 3.202 x |
| Free Cash Flow 1 | -185 | -97.9 | -34.6 | -55 | -2.84 | 66.8 |
| ROE (net income / shareholders' equity) | 3.7% | -72.7% | 6.79% | 2.75% | -28% | 1.58% |
| ROA (Net income/ Total Assets) | 0.93% | -5.11% | 1.77% | 1.09% | -3.03% | 0.34% |
| Assets 1 | 3,940 | 10,462 | 2,855 | 2,589 | 9,012 | 4,156 |
| Book Value Per Share 2 | 3.420 | 1.640 | 2.730 | 2.800 | 2.300 | 6.720 |
| Cash Flow per Share 2 | 0.3800 | 0.3800 | 0.5900 | 0.4600 | 0.5100 | 1.230 |
| Capex 1 | 197 | 129 | 76.2 | 145 | 128 | 166 |
| Capex / Sales | 20.54% | 8.83% | 5.34% | 8.53% | 9.01% | 11.65% |
| Announcement Date | 26/04/19 | 24/06/20 | 14/04/21 | 24/04/22 | 28/04/23 | 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
| 1st Jan change | Capi. | |
|---|---|---|
| -5.39% | 527M | |
| +3.98% | 7.86B | |
| +1.71% | 5.26B | |
| +13.81% | 3.03B | |
| -19.03% | 2.69B | |
| +2.97% | 2.62B | |
| -1.48% | 2.31B | |
| +34.50% | 1.86B | |
| +45.03% | 1.74B | |
| +6.99% | 1.54B |
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- Financials Zhejiang Tiancheng Controls Co., Ltd.
