TIANMA MICROELECTRONICS CO., LTD. Financials Tianma Microelectronics Co., Ltd.
Equities
000050
CNE000000HT1
Electronic Equipment & Parts
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7.99 CNY | +4.04% |
|
+3.23% | -24.98% |
| Apr. 26 | Tianma Microelectronics Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Apr. 25 | Great Wall Motor Shares Jump on Surging Profit, Revenue | DJ |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 33,364 | 36,227 | 32,000 | 21,284 | 26,175 | 19,637 | - | - |
| Enterprise Value (EV) 1 | 53,810 | 58,751 | 57,835 | 47,810 | 55,627 | 31,637 | 28,230 | 19,637 |
| P/E ratio | 40.2 x | 21.8 x | 20.7 x | 189 x | -12.5 x | 266 x | 23 x | 22.2 x |
| Yield | 0.49% | 0.47% | 0.54% | - | - | 1.38% | 0.38% | - |
| Capitalization / Revenue | 1.1 x | 1.24 x | 1.01 x | 0.68 x | 0.81 x | 0.57 x | 0.53 x | 0.48 x |
| EV / Revenue | 1.78 x | 2.01 x | 1.82 x | 1.52 x | 1.72 x | 0.92 x | 0.76 x | 0.48 x |
| EV / EBITDA | 12.2 x | 11 x | 10.8 x | 11.5 x | 18.5 x | 11.7 x | 5.55 x | - |
| EV / FCF | -11.9 x | -18.3 x | -55.5 x | 30.1 x | 171 x | -18.8 x | -117 x | 19.2 x |
| FCF Yield | -8.43% | -5.45% | -1.8% | 3.32% | 0.59% | -5.33% | -0.85% | 5.22% |
| Price to Book | 1.25 x | 1.08 x | 0.92 x | 0.71 x | 0.94 x | 0.71 x | 0.68 x | 0.69 x |
| Nbr of stocks (in thousands) | 2,048,123 | 2,457,748 | 2,457,748 | 2,457,748 | 2,457,748 | 2,457,748 | - | - |
| Reference price 2 | 16.29 | 14.74 | 13.02 | 8.660 | 10.65 | 7.990 | 7.990 | 7.990 |
| Announcement Date | 3/17/20 | 3/12/21 | 3/14/22 | 3/14/23 | 3/14/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 30,282 | 29,233 | 31,829 | 31,447 | 32,271 | 34,503 | 37,219 | 40,991 |
| EBITDA 1 | 4,419 | 5,332 | 5,374 | 4,171 | 3,015 | 2,701 | 5,085 | - |
| EBIT 1 | 1,004 | 1,615 | 1,623 | 129 | -1,926 | -441.5 | 1,138 | 798 |
| Operating Margin | 3.31% | 5.53% | 5.1% | 0.41% | -5.97% | -1.28% | 3.06% | 1.95% |
| Earnings before Tax (EBT) 1 | 1,019 | 1,648 | 1,661 | 164.2 | -1,932 | -193.9 | 1,160 | 810 |
| Net income 1 | 829.4 | 1,475 | 1,542 | 112.5 | -2,098 | 74.21 | 854.1 | 879 |
| Net margin | 2.74% | 5.04% | 4.85% | 0.36% | -6.5% | 0.22% | 2.29% | 2.14% |
| EPS 2 | 0.4049 | 0.6749 | 0.6276 | 0.0458 | -0.8535 | 0.0300 | 0.3467 | 0.3600 |
| Free Cash Flow 1 | -4,537 | -3,203 | -1,042 | 1,587 | 325.8 | -1,685 | -241 | 1,025 |
| FCF margin | -14.98% | -10.96% | -3.28% | 5.05% | 1.01% | -4.88% | -0.65% | 2.5% |
| FCF Conversion (EBITDA) | - | - | - | 38.03% | 10.8% | - | - | - |
| FCF Conversion (Net income) | - | - | - | 1,410.05% | - | - | - | 116.61% |
| Dividend per Share 2 | 0.0800 | 0.0700 | 0.0700 | - | - | 0.1100 | 0.0300 | - |
| Announcement Date | 3/17/20 | 3/12/21 | 3/14/22 | 3/14/23 | 3/14/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | - | 14,057 | 7,867 | 8,675 | 7,062 | 8,475 | 7,234 | - | - | 8,697 | 7,572 | 7,750 | - | - | - |
| EBITDA | - | - | 387.7 | 967.2 | 569 | 967 | - | - | - | - | - | - | - | - | - |
| EBIT | - | - | 182.2 | 86.69 | 229.5 | 27.11 | -214.3 | - | - | -329.5 | -193.8 | -300.3 | - | - | - |
| Operating Margin | - | - | 2.32% | 1% | 3.25% | 0.32% | -2.96% | - | - | -3.79% | -2.56% | -3.87% | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | 185.8 | 744.4 | 132.4 | 79 | 291.1 | -8.549 | -249.1 | - | - | -366 | -307.4 | -300.7 | - | - | - |
| Net margin | - | 5.3% | 1.68% | 0.91% | 4.12% | -0.1% | -3.44% | - | - | -4.21% | -4.06% | -3.88% | - | - | - |
| EPS 1 | - | - | 0.0600 | 0.0321 | 0.1200 | -0.005000 | -0.1000 | -0.2695 | -0.3100 | -0.1500 | -0.1200 | -0.1224 | -0.0600 | 0.0400 | 0.0100 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/17/20 | 8/28/20 | 3/14/22 | 4/29/22 | 8/29/22 | 10/30/22 | 3/14/23 | 4/28/23 | 8/30/23 | 10/27/23 | 3/14/24 | 4/26/24 | - | - | - |
1CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 20,446 | 22,524 | 25,835 | 26,526 | 29,452 | 12,000 | 8,592 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.627 x | 4.224 x | 4.808 x | 6.359 x | 9.769 x | 4.443 x | 1.69 x | - |
| Free Cash Flow 1 | -4,537 | -3,203 | -1,042 | 1,587 | 326 | -1,685 | -241 | 1,025 |
| ROE (net income / shareholders' equity) | 3.15% | 5.05% | 4.51% | 0.37% | -7.23% | 0.2% | 2.89% | 3.1% |
| ROA (Net income/ Total Assets) | 1.32% | 2.12% | 2% | 0.14% | - | 0.8% | 2% | - |
| Assets 1 | 62,736 | 69,520 | 77,030 | 78,357 | - | 9,276 | 42,706 | - |
| Book Value Per Share 2 | 13.00 | 13.70 | 14.20 | 12.20 | 11.40 | 11.30 | 11.70 | 11.60 |
| Cash Flow per Share 2 | 2.320 | 2.720 | 2.060 | 1.590 | 1.610 | 2.280 | 3.070 | - |
| Capex 1 | 9,298 | 9,880 | 6,095 | 2,326 | 3,632 | 4,491 | 6,834 | 4,780 |
| Capex / Sales | 30.7% | 33.8% | 19.15% | 7.4% | 11.25% | 13.02% | 18.36% | 11.66% |
| Announcement Date | 3/17/20 | 3/12/21 | 3/14/22 | 3/14/23 | 3/14/24 | - | - | - |
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+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
4
Last Close Price
7.99
CNY
Average target price
7.4
CNY
Spread / Average Target
-7.38%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -24.98% | 2.71B | |
| +2.89% | 26.8B | |
| +14.65% | 12.48B | |
| +15.48% | 7.97B | |
| +0.55% | 4.29B | |
| -10.70% | 4.15B | |
| -1.75% | 3.91B | |
| +15.41% | 3.86B | |
| -19.00% | 3.75B | |
| -18.50% | 1.71B |
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- Financials Tianma Microelectronics Co., Ltd.
