Financials Trigiant Group Limited

Equities

1300

KYG905191022

Electrical Components & Equipment

Market Closed - Hong Kong S.E. 04:09:05 2024-06-07 am EDT 5-day change 1st Jan Change
0.39 HKD 0.00% Intraday chart for Trigiant Group Limited +1.30% +21.88%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,652 2,418 1,161 846.6 617.1 521.1
Enterprise Value (EV) 1 2,711 3,251 1,850 1,654 1,767 1,667
P/E ratio 4.78 x 6.73 x -8.33 x 4.08 x -10.9 x -23.1 x
Yield 4.29% - - - - -
Capitalization / Revenue 0.48 x 0.68 x 0.4 x 0.3 x 0.23 x 0.21 x
EV / Revenue 0.78 x 0.92 x 0.64 x 0.58 x 0.67 x 0.67 x
EV / EBITDA 5.46 x 6.49 x 9.24 x 5.29 x 49.4 x 82.5 x
EV / FCF -45.1 x 19.7 x 9.18 x -13.1 x -6.99 x -12.5 x
FCF Yield -2.22% 5.07% 10.9% -7.65% -14.3% -7.98%
Price to Book 0.51 x 0.68 x 0.34 x 0.24 x 0.17 x 0.15 x
Nbr of stocks (in thousands) 1,791,500 1,791,500 1,791,500 1,791,500 1,791,500 1,791,500
Reference price 2 0.9220 1.349 0.6481 0.4726 0.3444 0.2909
Announcement Date 4/12/19 4/9/20 4/28/21 4/20/22 4/20/23 4/25/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,469 3,542 2,873 2,862 2,630 2,506
EBITDA 1 496.8 501.1 200.2 312.7 35.78 20.19
EBIT 1 451.7 457.1 157 276.3 15.38 -
Operating Margin 13.02% 12.91% 5.47% 9.65% 0.58% -
Earnings before Tax (EBT) 1 411.6 416.4 -143.1 229.9 -24.33 -25.42
Net income 1 345.5 359 -139.4 207.5 -56.36 -22.55
Net margin 9.96% 10.13% -4.85% 7.25% -2.14% -0.9%
EPS 2 0.1928 0.2004 -0.0778 0.1158 -0.0315 -0.0126
Free Cash Flow 1 -60.17 164.9 201.5 -126.5 -252.6 -133
FCF margin -1.73% 4.66% 7.01% -4.42% -9.6% -5.31%
FCF Conversion (EBITDA) - 32.91% 100.65% - - -
FCF Conversion (Net income) - 45.94% - - - -
Dividend per Share 2 0.0395 - - - - -
Announcement Date 4/12/19 4/9/20 4/28/21 4/20/22 4/20/23 4/25/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,059 833 689 807 1,149 1,146
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.132 x 1.662 x 3.439 x 2.582 x 32.13 x 56.73 x
Free Cash Flow 1 -60.2 165 202 -126 -253 -133
ROE (net income / shareholders' equity) 11.3% 10.6% -4.02% 5.93% -1.58% -0.64%
ROA (Net income/ Total Assets) 5.51% 5.27% 1.82% 3.15% 0.17% -
Assets 1 6,271 6,815 -7,659 6,591 -32,244 -
Book Value Per Share 2 1.790 1.970 1.890 2.010 1.980 1.970
Cash Flow per Share 2 0.2700 0.2000 0.3800 0.2600 0.3000 0.3100
Capex 1 5.57 4.88 3.43 4.55 27.7 1.76
Capex / Sales 0.16% 0.14% 0.12% 0.16% 1.05% 0.07%
Announcement Date 4/12/19 4/9/20 4/28/21 4/20/22 4/20/23 4/25/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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