CENTRE TESTING INTERNATIONAL GROUP CO. LTD. Financials Centre Testing International Group Co. Ltd.
Equities
300012
CNE100000GV8
Business Support Services
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 12.44 CNY | +2.56% |
|
+5.87% | -12.39% |
| Apr. 23 | Centre Testing International Buys Back Shares for 72 Million Yuan | MT |
| Apr. 19 | Centre Testing International Group's Q1 Profit Falls 8%; Shares Slide 6% | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 24,714 | 45,574 | 44,945 | 37,519 | 23,854 | 20,836 | - | - |
| Enterprise Value (EV) 1 | 24,400 | 45,291 | 43,965 | 36,049 | 22,526 | 18,922 | 18,414 | 17,981 |
| P/E ratio | 52 x | 79.4 x | 60.4 x | 41.3 x | 25.9 x | 21 x | 17.5 x | 15.5 x |
| Yield | 0.23% | 0.13% | 0.22% | 0.27% | 0.7% | 0.78% | 0.89% | 1.11% |
| Capitalization / Revenue | 7.76 x | 12.8 x | 10.4 x | 7.31 x | 4.26 x | 3.28 x | 2.85 x | 2.49 x |
| EV / Revenue | 7.66 x | 12.7 x | 10.2 x | 7.03 x | 4.02 x | 2.98 x | 2.52 x | 2.15 x |
| EV / EBITDA | 29.5 x | 46.5 x | 36.6 x | 26 x | 16.1 x | 11.9 x | 10 x | 8.8 x |
| EV / FCF | 69.5 x | 117 x | 85.9 x | 78.4 x | 47.9 x | 28.6 x | 33.1 x | 26.2 x |
| FCF Yield | 1.44% | 0.85% | 1.16% | 1.28% | 2.09% | 3.5% | 3.02% | 3.82% |
| Price to Book | 7.85 x | 12.2 x | 10.1 x | 6.86 x | 3.85 x | 2.96 x | 2.58 x | 2.28 x |
| Nbr of stocks (in thousands) | 1,657,531 | 1,665,091 | 1,672,688 | 1,682,458 | 1,679,828 | 1,674,927 | - | - |
| Reference price 2 | 14.91 | 27.37 | 26.87 | 22.30 | 14.20 | 12.44 | 12.44 | 12.44 |
| Announcement Date | 2/27/20 | 2/25/21 | 2/25/22 | 2/27/23 | 4/18/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,183 | 3,568 | 4,329 | 5,131 | 5,605 | 6,355 | 7,301 | 8,359 |
| EBITDA 1 | 828.5 | 973.3 | 1,200 | 1,384 | 1,396 | 1,587 | 1,833 | 2,043 |
| EBIT 1 | 522.1 | 652.1 | 850.2 | 1,022 | 1,007 | 1,084 | 1,305 | 1,480 |
| Operating Margin | 16.4% | 18.28% | 19.64% | 19.93% | 17.98% | 17.05% | 17.88% | 17.71% |
| Earnings before Tax (EBT) 1 | 536.2 | 651.3 | 849.5 | 1,024 | 1,011 | 1,113 | 1,342 | 1,517 |
| Net income 1 | 476.4 | 577.6 | 746.2 | 902.7 | 910.2 | 997.7 | 1,196 | 1,355 |
| Net margin | 14.97% | 16.19% | 17.24% | 17.59% | 16.24% | 15.7% | 16.38% | 16.21% |
| EPS 2 | 0.2865 | 0.3449 | 0.4446 | 0.5403 | 0.5474 | 0.5930 | 0.7112 | 0.8051 |
| Free Cash Flow 1 | 351 | 385.6 | 512 | 459.8 | 470.7 | 662 | 555.5 | 686.5 |
| FCF margin | 11.03% | 10.81% | 11.83% | 8.96% | 8.4% | 10.42% | 7.61% | 8.21% |
| FCF Conversion (EBITDA) | 42.37% | 39.62% | 42.65% | 33.22% | 33.71% | 41.71% | 30.31% | 33.6% |
| FCF Conversion (Net income) | 73.68% | 66.76% | 68.62% | 50.94% | 51.71% | 66.35% | 46.44% | 50.66% |
| Dividend per Share 2 | 0.0350 | 0.0350 | 0.0600 | 0.0600 | 0.1000 | 0.0967 | 0.1105 | 0.1382 |
| Announcement Date | 2/27/20 | 2/25/21 | 2/25/22 | 2/27/23 | 4/18/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 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 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 1,809 | 1,319 | 907.7 | 1,264 | 1,443 | 1,516 | 1,117 | 1,439 | 1,525 | 1,523 | 1,192 | 1,603 | 1,737 | 1,781 | 1,348 | 1,848 |
| EBITDA 1 | - | - | - | - | - | - | - | 289.7 | 449.1 | 476.9 | 180.8 | - | 477.4 | 519 | 278 | 286.2 | 532.3 |
| EBIT 1 | - | 341 | 216.9 | 134.7 | 277.6 | 343.1 | 267 | 169.2 | 321.9 | 349.2 | 167.2 | 139.6 | 328.1 | 374.4 | 156.1 | 152.9 | 399.1 |
| Operating Margin | - | 18.86% | 16.45% | 14.84% | 21.96% | 23.78% | 17.61% | 15.14% | 22.37% | 22.89% | 10.98% | 11.72% | 20.47% | 21.56% | 8.76% | 11.34% | 21.59% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | 192.3 | 301.2 | - | - | - | - | 239.4 | 144.3 | 283.9 | 312.7 | 169.4 | 132.5 | 316.9 | 347.8 | 230.5 | 141 | 362.1 |
| Net margin | - | 16.66% | - | - | - | - | 15.79% | 12.91% | 19.73% | 20.5% | 11.12% | 11.12% | 19.77% | 20.02% | 12.94% | 10.46% | 19.59% |
| EPS 2 | 0.1154 | - | 0.1100 | 0.0714 | 0.1400 | 0.1900 | 0.1449 | 0.0862 | 0.1600 | 0.1900 | 0.1100 | 0.0791 | 0.1728 | 0.1956 | 0.1323 | 0.0838 | 0.2152 |
| Dividend per Share 2 | - | - | - | - | - | - | 0.0600 | - | - | - | 0.1000 | - | - | - | 0.0993 | - | - |
| Announcement Date | 8/24/20 | 8/24/21 | 2/25/22 | 4/24/22 | 8/24/22 | 10/25/22 | 2/27/23 | 4/24/23 | 8/10/23 | 10/24/23 | 4/18/24 | 4/18/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 314 | 283 | 980 | 1,470 | 1,328 | 1,914 | 2,422 | 2,855 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 351 | 386 | 512 | 460 | 471 | 662 | 556 | 687 |
| ROE (net income / shareholders' equity) | 16.3% | 16.8% | 18.2% | 18.2% | 15.6% | 14.5% | 15.1% | 15.1% |
| ROA (Net income/ Total Assets) | 11.2% | 11.7% | 12.5% | 12.6% | - | 10.2% | 10.5% | 10.9% |
| Assets 1 | 4,247 | 4,944 | 5,962 | 7,160 | - | 9,821 | 11,356 | 12,412 |
| Book Value Per Share 2 | 1.900 | 2.250 | 2.660 | 3.250 | 3.690 | 4.210 | 4.820 | 5.460 |
| Cash Flow per Share 2 | 0.4800 | 0.5600 | 0.6400 | 0.6500 | 0.6700 | 0.9700 | 1.010 | 1.050 |
| Capex 1 | 444 | 545 | 561 | 641 | 652 | 624 | 740 | 748 |
| Capex / Sales | 13.95% | 15.29% | 12.95% | 12.49% | 11.63% | 9.82% | 10.13% | 8.95% |
| Announcement Date | 2/27/20 | 2/25/21 | 2/25/22 | 2/27/23 | 4/18/24 | - | - | - |
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
B+
Sell
Buy
Mean consensus
BUY
Number of Analysts
14
Last Close Price
12.44
CNY
Average target price
15.67
CNY
Spread / Average Target
+25.98%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -12.39% | 2.88B | |
| +14.61% | 17.2B | |
| 0.00% | 6.8B | |
| -11.15% | 2.72B | |
| -31.21% | 1.74B | |
| +5.00% | 1.25B | |
| -7.31% | 1.06B | |
| -6.67% | 870M | |
| -4.08% | 794M | |
| +0.62% | 757M |
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