Financials Beijing Tricolor Technology Co., Ltd

Equities

603516

CNE100002SP1

Industrial Machinery & Equipment

End-of-day quote Shanghai S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
33.15 CNY +7.11% Intraday chart for Beijing Tricolor Technology Co., Ltd +24.86% +47.53%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 4,975 4,306 3,783 2,426 4,161 6,986 -
Enterprise Value (EV) 1 4,975 4,306 3,783 2,426 4,161 6,986 6,986
P/E ratio 43.7 x 33.6 x 45.1 x 81.9 x 250 x 69.1 x 48.8 x
Yield 0.79% - - - - - -
Capitalization / Revenue 13.4 x 8.92 x - - 8.34 x 9.16 x 6.99 x
EV / Revenue 13.4 x 8.92 x - - 8.34 x 9.16 x 6.99 x
EV / EBITDA 35.7 x 32.2 x - - 103 x 45.7 x 34.1 x
EV / FCF - 41,570,281 x - - - - -
FCF Yield - 0% - - - - -
Price to Book 5.98 x 4.2 x - - 4.17 x 5.34 x 4.81 x
Nbr of stocks (in thousands) 183,352 186,621 186,554 185,186 185,190 201,842 -
Reference price 2 27.14 23.07 20.28 13.10 22.47 33.15 33.15
Announcement Date 3/27/20 3/4/21 4/19/22 3/22/23 4/17/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 371.3 482.6 - - 499 763 1,000
EBITDA 1 139.2 133.8 - - 40.59 153 205
EBIT 1 123.8 125.1 - - 15.68 118 168
Operating Margin 33.35% 25.92% - - 3.14% 15.47% 16.8%
Earnings before Tax (EBT) 1 125.8 125.2 - - 15.34 118 168
Net income 1 114.2 128.3 83.11 29.32 17.48 89 126
Net margin 30.77% 26.58% - - 3.5% 11.66% 12.6%
EPS 2 0.6214 0.6857 0.4500 0.1600 0.0900 0.4800 0.6800
Free Cash Flow - 103.6 - - - - -
FCF margin - 21.46% - - - - -
FCF Conversion (EBITDA) - 77.4% - - - - -
FCF Conversion (Net income) - 80.73% - - - - -
Dividend per Share 0.2143 - - - - - -
Announcement Date 3/27/20 3/4/21 4/19/22 3/22/23 4/17/24 - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow - 104 - - - - -
ROE (net income / shareholders' equity) 14.5% 14% - - 1.67% 7.7% 9.9%
ROA (Net income/ Total Assets) 13.1% 11% - - - 5.3% 6.7%
Assets 1 874.8 1,164 - - - 1,679 1,881
Book Value Per Share 2 4.540 5.500 - - 5.390 6.210 6.890
Cash Flow per Share 2 0.0700 0.7700 - - 0.6500 -0.3000 -0.0700
Capex 1 132 41 - - 3.63 103 90
Capex / Sales 35.64% 8.5% - - 0.73% 13.5% 9%
Announcement Date 3/27/20 3/4/21 4/19/22 3/22/23 4/17/24 - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
33.15 CNY
Average target price
33.67 CNY
Spread / Average Target
+1.57%
Consensus

Annual profits - Rate of surprise

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