Financials China Railway Tielong Container Logistics Co., Ltd

Equities

600125

CNE000000VW6

Ground Freight & Logistics

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
5.94 CNY 0.00% Intraday chart for China Railway Tielong Container Logistics Co., Ltd +0.17% -1.82%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 7,807 7,859 6,736 7,128 7,898 7,820 - -
Enterprise Value (EV) 1 7,711 7,765 6,317 6,130 7,065 6,531 6,391 5,989
P/E ratio 17.2 x 19.6 x 20 x 21.1 x 16.8 x 15.1 x 13.5 x 12 x
Yield 1.84% 1.66% 1.55% 1.47% 1.82% 1.7% 2.38% 2.13%
Capitalization / Revenue 0.48 x 0.52 x 0.38 x 0.59 x 0.54 x 0.51 x 0.47 x 0.46 x
EV / Revenue 0.47 x 0.51 x 0.35 x 0.51 x 0.48 x 0.42 x 0.38 x 0.36 x
EV / EBITDA 8.18 x 8.35 x 7.43 x 7.25 x 6.71 x 5.67 x 5.09 x 4.4 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.31 x 1.26 x 1.05 x 1.07 x 1.12 x 1.05 x 0.98 x 0.93 x
Nbr of stocks (in thousands) 1,305,522 1,305,522 1,305,522 1,305,522 1,305,522 1,305,522 - -
Reference price 2 5.980 6.020 5.160 5.460 6.050 5.940 5.940 5.940
Announcement Date 3/26/20 4/8/21 4/8/22 4/6/23 4/8/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 16,368 15,167 17,894 12,002 14,693 15,388 16,731 16,827
EBITDA 1 942.7 929.7 850.7 846.1 1,054 1,152 1,255 1,361
EBIT 1 626.1 584.4 488.3 476.9 661.6 717.3 789.4 879.3
Operating Margin 3.82% 3.85% 2.73% 3.97% 4.5% 4.66% 4.72% 5.23%
Earnings before Tax (EBT) 1 626 570 489.6 - 662.3 743.8 821.8 909.4
Net income 1 454.7 400.6 337.3 - 470.8 536.5 601.2 674.8
Net margin 2.78% 2.64% 1.89% - 3.2% 3.49% 3.59% 4.01%
EPS 2 0.3480 0.3070 0.2580 0.2590 0.3610 0.3938 0.4394 0.4937
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.1100 0.1000 0.0800 0.0800 0.1100 0.1012 0.1416 0.1267
Announcement Date 3/26/20 4/8/21 4/8/22 4/6/23 4/8/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 - 4,744 4,077 - 3,482 - 2,906 2,793 3,347 3,583 3,723 4,040 2,304 5,376 3,840 3,840 -
EBITDA - - - - - - - - - - - - - - - - -
EBIT 1 - 166 28.23 - 179.1 - 195.8 -70.15 238.4 199.8 188.5 - 107 249.7 249.7 107 -
Operating Margin - 3.5% 0.69% - 5.14% - 6.74% -2.51% 7.12% 5.57% 5.06% - 4.65% 4.65% 6.5% 2.79% -
Earnings before Tax (EBT) - - - - - - - - - - - - - - - - -
Net income 207.9 119.8 9.586 124.5 129.3 253.9 - - - - - - - - - - -
Net margin - 2.53% 0.24% - 3.71% - - - - - - - - - - - -
EPS 2 - 0.0900 0.0100 - 0.1000 - 0.1000 -0.0400 0.1320 0.1200 0.1000 - 0.0540 0.1258 0.1258 0.0672 -
Dividend per Share 2 - - 0.0800 - - - - 0.0800 - - - - - - - 0.0827 -
Announcement Date 8/27/21 10/29/21 4/8/22 4/29/22 8/30/22 8/30/22 10/28/22 4/6/23 4/28/23 8/30/23 10/30/23 4/8/24 - - - - -
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 96.5 94.1 419 998 833 1,289 1,429 1,831
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 7.82% 6.57% 5.33% 5.15% 6.87% 7.12% 8.19% 7.9%
ROA (Net income/ Total Assets) 4.67% 4.13% 3.28% - - 6.4% 7.2% -
Assets 1 9,736 9,702 10,284 - - 8,383 8,351 -
Book Value Per Share 2 4.570 4.770 4.930 5.110 5.390 5.680 6.060 6.370
Cash Flow per Share 2 0.5700 0.2800 0.4900 0.6400 0.1000 0.7000 0.6700 0.8600
Capex 1 441 155 139 49.2 145 738 614 459
Capex / Sales 2.7% 1.02% 0.78% 0.41% 0.98% 4.8% 3.67% 2.73%
Announcement Date 3/26/20 4/8/21 4/8/22 4/6/23 4/8/24 - - -
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

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
5.94 CNY
Average target price
6.363 CNY
Spread / Average Target
+7.13%
Consensus
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