Financials Ningbo Tuopu Group Co.,Ltd.

Equities

601689

CNE1000023J3

Auto, Truck & Motorcycle Parts

End-of-day quote Shanghai S.E. 06:00:00 2024-05-12 pm EDT 5-day change 1st Jan Change
59.05 CNY +0.39% Intraday chart for Ningbo Tuopu Group Co.,Ltd. -6.14% -19.66%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 18,388 40,543 58,408 64,558 81,001 68,394 - -
Enterprise Value (EV) 1 18,312 40,156 58,681 68,101 85,378 71,943 72,065 70,821
P/E ratio 40.5 x 64.1 x 57 x 38 x 37.7 x 23.5 x 18 x 14.9 x
Yield 1.09% 0.45% 0.52% 0.79% 0.76% 1.21% 1.55% 1.9%
Capitalization / Revenue 3.43 x 6.23 x 5.1 x 4.04 x 4.11 x 2.6 x 2.01 x 1.68 x
EV / Revenue 3.42 x 6.17 x 5.12 x 4.26 x 4.33 x 2.74 x 2.12 x 1.74 x
EV / EBITDA 19.9 x 34.3 x 33.2 x 24.2 x 23.1 x 14.9 x 11.9 x 9.88 x
EV / FCF 60.9 x -153 x -25.7 x -21.8 x 410 x 190 x 47.5 x 41.8 x
FCF Yield 1.64% -0.65% -3.89% -4.58% 0.24% 0.53% 2.1% 2.39%
Price to Book 2.49 x 5.21 x 5.52 x 5.39 x 5.88 x 3.94 x 3.27 x 2.75 x
Nbr of stocks (in thousands) 1,054,988 1,054,988 1,102,047 1,102,047 1,102,049 1,162,776 - -
Reference price 2 17.43 38.43 53.00 58.58 73.50 58.82 58.82 58.82
Announcement Date 4/28/20 4/6/21 3/14/22 4/9/23 3/15/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,359 6,511 11,463 15,993 19,729 26,278 33,982 40,758
EBITDA 1 919.9 1,169 1,770 2,813 3,701 4,825 6,050 7,168
EBIT 1 531.5 706.1 1,145 1,978 2,502 3,350 4,342 5,242
Operating Margin 9.92% 10.84% 9.99% 12.37% 12.68% 12.75% 12.78% 12.86%
Earnings before Tax (EBT) 1 528.8 710.1 1,146 1,960 2,486 3,281 4,303 5,205
Net income 1 456.2 628.2 1,017 1,700 2,153 2,858 3,742 4,534
Net margin 8.51% 9.65% 8.87% 10.63% 10.91% 10.87% 11.01% 11.12%
EPS 2 0.4300 0.6000 0.9300 1.540 1.950 2.506 3.267 3.956
Free Cash Flow 1 300.8 -261.8 -2,282 -3,119 208.4 379.3 1,516 1,694
FCF margin 5.61% -4.02% -19.91% -19.5% 1.06% 1.44% 4.46% 4.16%
FCF Conversion (EBITDA) 32.71% - - - 5.63% 7.86% 25.07% 23.63%
FCF Conversion (Net income) 65.94% - - - 9.68% 13.27% 40.53% 37.36%
Dividend per Share 2 0.1900 0.1720 0.2780 0.4630 0.5560 0.7145 0.9136 1.117
Announcement Date 4/28/20 4/6/21 3/14/22 4/9/23 3/15/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 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 3,640 - 4,889 4,469 4,692 4,991 5,577 5,688 5,071 6,761 7,727 - -
EBITDA 1 - - - - - - - - 973.4 1,298 1,483 - -
EBIT 1 - - 508.7 - 732.8 568 648.7 745.5 693.3 924.4 1,057 - -
Operating Margin - - 10.4% - 15.62% 11.38% 11.63% 13.11% 13.67% 13.67% 13.67% - -
Earnings before Tax (EBT) 1 - - - - 728.9 567.2 644.6 783.5 683.9 920.8 1,056 - -
Net income 1 263.9 500.9 - - 643.8 503 555.6 645.4 595.3 802.6 921.1 - -
Net margin 7.25% - - - 13.72% 10.08% 9.96% 11.35% 11.74% 11.87% 11.92% - -
EPS 2 - 0.4200 0.4800 - 0.5800 0.4600 0.5000 0.5600 0.5651 0.5941 0.8129 0.6200 0.7400
Dividend per Share 2 - - - - - - - - - - 0.7188 - -
Announcement Date 3/14/22 10/27/22 4/9/23 4/21/23 8/28/23 10/30/23 3/15/24 4/26/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - 272 3,543 4,377 3,549 3,670 2,426
Net Cash position 1 76.8 387 - - - - - -
Leverage (Debt/EBITDA) - - 0.1538 x 1.26 x 1.183 x 0.7355 x 0.6066 x 0.3385 x
Free Cash Flow 1 301 -262 -2,282 -3,119 208 379 1,517 1,694
ROE (net income / shareholders' equity) 6.25% 8.29% 10.4% 15% 16.7% 17.9% 19.2% 19.5%
ROA (Net income/ Total Assets) 4.12% 5.38% 6.61% 7.36% 7.38% 7.83% 8.72% 9.13%
Assets 1 11,068 11,674 15,399 23,096 29,175 36,515 42,926 49,671
Book Value Per Share 2 6.990 7.380 9.610 10.90 12.50 14.90 18.00 21.40
Cash Flow per Share 2 1.170 1.070 1.080 2.070 3.050 3.940 4.530 5.890
Capex 1 939 1,385 3,521 5,403 3,157 3,339 3,612 3,532
Capex / Sales 17.51% 21.28% 30.71% 33.78% 16% 12.71% 10.63% 8.67%
Announcement Date 4/28/20 4/6/21 3/14/22 4/9/23 3/15/24 - - -
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
D+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
20
Last Close Price
58.82 CNY
Average target price
76.93 CNY
Spread / Average Target
+30.78%
Consensus
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