Financials Triumph Science & Technology Co.,Ltd

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-05-16 pm EDT			5-day change	1st Jan Change
10.94 ^CNY	+6.52%		+2.63%	-17.93%

Apr. 29	Triumph Science & Technology Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 19	Mainland China and Hong Kong stocks fall on Middle East tensions	RE

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	5,256	8,953	8,728	12,592	10,334	-	-
Enterprise Value (EV) ¹	5,256	8,953	8,728	12,592	10,334	10,334	10,334
P/E ratio	43.5 x	56.9 x	51.3 x	117 x	47.2 x	31.4 x	25.1 x
Yield	-	0.85%	0.54%	0.38%	0.85%	1.19%	1.37%
Capitalization / Revenue	-	1.42 x	1.89 x	2.51 x	1.69 x	1.38 x	1.24 x
EV / Revenue	-	1.42 x	1.89 x	2.51 x	1.69 x	1.38 x	1.24 x
EV / EBITDA	-	17.9 x	15.3 x	23.3 x	13.2 x	10.3 x	7.98 x
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	-	3.36 x	2.14 x	3.09 x	2.43 x	2.29 x	2.13 x
Nbr of stocks (in thousands)	763,884	763,884	944,607	944,607	944,607	-	-
Reference price ²	6.880	11.72	9.240	13.33	10.94	10.94	10.94
Announcement Date	3/30/21	3/9/22	4/11/23	4/18/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	6,324	4,623	5,010	6,132	7,504	8,362
EBITDA ¹	-	501	571.7	541	785.4	1,005	1,295
EBIT ¹	-	282.9	272.8	204.6	376.4	556	718.1
Operating Margin	-	4.47%	5.9%	4.08%	6.14%	7.41%	8.59%
Earnings before Tax (EBT) ¹	-	282.3	274.6	202.4	355.1	525	672.2
Net income ¹	120.8	157.4	140.3	107.2	221.5	328.8	410.1
Net margin	-	2.49%	3.04%	2.14%	3.61%	4.38%	4.9%
EPS ²	0.1581	0.2061	0.1801	0.1135	0.2320	0.3480	0.4350
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	-	0.1000	0.0500	0.0500	0.0933	0.1300	0.1500
Announcement Date	3/30/21	3/9/22	4/11/23	4/18/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	5.91%	4.22%	2.54%	5.24%	7.34%	8.47%
ROA (Net income/ Total Assets)	-	2.11%	1.55%	-	2.06%	2.72%	2.97%
Assets ¹	-	7,455	9,067	-	10,737	12,102	13,810
Book Value Per Share ²	-	3.490	4.320	4.320	4.500	4.780	5.140
Cash Flow per Share ²	-	0.6400	0.4400	0.1400	1.240	-0.0200	1.740
Capex ¹	-	221	410	614	678	689	742
Capex / Sales	-	3.49%	8.88%	12.25%	11.06%	9.18%	8.87%
Announcement Date	3/30/21	3/9/22	4/11/23	4/18/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

10.94 CNY

Average target price

13.51 CNY

Spread / Average Target

+23.49%

	1st Jan change	Capi.
TRIUMPH SCIENCE & TECHNOLOGY CO.,LTD	-17.93%	1.43B
CORNING INCORPORATED	+16.09%	30.28B
TCL TECHNOLOGY GROUP CORPORATION	+8.14%	11.81B
E INK HOLDINGS INC.	+6.09%	7.41B
AUO CORPORATION	-0.28%	4.31B
EVERDISPLAY OPTRONICS (SHANGHAI) CO., LTD.	-12.76%	4.07B
CAIHONG DISPLAY DEVICES CO.,LTD.	+21.04%	4.06B
INNOLUX CORPORATION	-6.29%	3.96B
LG DISPLAY CO., LTD.	-19.31%	3.8B
TIANMA MICROELECTRONICS CO., LTD.	-25.63%	2.7B