Financials Chaozhou Three-Circle (Group) Co.,Ltd.

Equities

300408

CNE100001Y42

Electronic Equipment & Parts

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
26.09 CNY +2.35% Intraday chart for Chaozhou Three-Circle (Group) Co.,Ltd. +4.36% -11.41%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 29,499 38,838 67,680 85,476 58,856 50,001 50,001 -
Enterprise Value (EV) 1 29,499 38,838 67,680 79,973 54,532 54,345 44,670 44,364
P/E ratio 22.3 x 44.6 x 45.4 x 40.5 x 38.9 x 35.9 x 23.3 x 17.9 x
Yield 1.48% 0.9% 0.67% 0.72% 0.81% 0.95% 1.26% 1.63%
Capitalization / Revenue 7.87 x 14.2 x 16.9 x 13.7 x 11.4 x 9.86 x 6.72 x 5.36 x
EV / Revenue 7.87 x 14.2 x 16.9 x 12.9 x 10.6 x 9.49 x 6 x 4.76 x
EV / EBITDA 16.6 x 30.4 x 34.8 x 29.9 x 24.8 x 22.8 x 15.8 x 12.4 x
EV / FCF - - - -106,438,661 x - - - -
FCF Yield - - - -0% - - - -
Price to Book 4.22 x 5.17 x 6.26 x 5.28 x 3.44 x 3.1 x 2.52 x 2.26 x
Nbr of stocks (in thousands) 1,743,418 1,743,163 1,816,906 1,916,497 1,916,497 1,916,497 1,916,497 -
Reference price 2 16.92 22.28 37.25 44.60 30.71 26.09 26.09 26.09
Announcement Date 2/27/19 2/27/20 3/24/21 4/24/22 4/23/23 4/27/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 3,750 2,726 3,994 6,218 5,149 5,727 7,444 9,324
EBITDA 1 1,776 1,277 1,947 2,674 2,195 2,380 2,828 3,586
EBIT 1 1,545 1,011 1,668 2,295 1,661 1,778 2,436 3,204
Operating Margin 41.21% 37.09% 41.76% 36.9% 32.26% 31.04% 32.73% 34.36%
Earnings before Tax (EBT) 1 1,553 1,017 1,679 2,304 1,666 1,783 2,437 3,163
Net income 1 1,319 871.3 1,440 2,011 1,505 1,581 2,181 2,810
Net margin 35.17% 31.96% 36.04% 32.34% 29.22% 27.61% 29.3% 30.14%
EPS 2 0.7600 0.5000 0.8200 1.100 0.7900 0.8200 1.121 1.454
Free Cash Flow - - - -751.4 - - - -
FCF margin - - - -12.08% - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.2500 0.2000 0.2500 0.3200 0.2500 0.2800 0.3298 0.4249
Announcement Date 2/27/19 2/27/20 3/24/21 4/24/22 4/23/23 4/27/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S1 2020 S1 2020 S2 2021 Q2 2021 Q3 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 1 1,362 1,649 2,345 1,567 1,711 1,632 1,402 1,492 1,060 1,196 1,189 1,440 1,477 1,621 - - - -
EBITDA 1 - - - 761.7 788.2 224.6 582.6 496.3 334.6 781.4 - - - 519.2 - - - -
EBIT - - 1,008 676.1 712 301.8 571.9 505.3 350.5 233.8 373 447.9 464.8 491.9 - - - -
Operating Margin - - 42.98% 43.15% 41.62% 18.49% 40.8% 33.86% 33.06% 19.55% 31.37% 31.1% 31.48% 30.35% - - - -
Earnings before Tax (EBT) 1 - - 1,013 - - - - - - - 374.5 459.8 466.1 482.4 - - - -
Net income 1 468.9 556.1 883.5 - - - - - - - 320 411.2 410.9 438.9 - - - -
Net margin 34.42% 33.72% 37.68% - - - - - - - 26.91% 28.55% 27.83% 27.08% - - - -
EPS 2 - - 0.5000 0.3200 0.3500 0.1600 0.2600 0.2300 0.1600 0.1400 0.1700 0.2100 0.2200 0.2200 - - - -
Dividend per Share 2 - - - - - 0.3200 - - - 0.2500 - - - 0.2500 - - - 0.3338
Announcement Date 8/29/19 8/27/20 3/24/21 8/29/22 10/26/21 4/24/22 4/28/22 8/29/22 10/26/22 4/23/23 4/27/23 8/29/23 10/25/23 4/27/24 - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - - - - - -
Net Cash position 1 - - - 5,502 4,324 2,096 5,331 5,637
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - -751 - - - -
ROE (net income / shareholders' equity) 20% 11.8% 17.1% 16.9% 9.04% 8.95% 10.8% 12.7%
ROA (Net income/ Total Assets) 16.6% 10.2% 13.8% 13% - 7.45% 9.25% 10.9%
Assets 1 7,960 8,529 10,451 15,484 - 21,765 23,588 25,880
Book Value Per Share 2 4.010 4.310 5.950 8.450 8.920 9.510 10.40 11.50
Cash Flow per Share 2 0.8800 0.9800 0.6500 0.6000 1.080 0.9000 0.9900 1.340
Capex 1 713 579 1,147 1,906 1,063 532 1,219 1,168
Capex / Sales 19.01% 21.22% 28.72% 30.65% 20.65% 9.28% 16.37% 12.53%
Announcement Date 2/27/19 2/27/20 3/24/21 4/24/22 4/23/23 4/27/24 - -
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
D
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
26.09 CNY
Average target price
32.85 CNY
Spread / Average Target
+25.91%
Consensus
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