CHINA TESTING & CERTIFICATION INTERNATIONAL GROUP CO.,LTD. Financials China Testing & Certification International Group Co.,Ltd.
Equities
603060
CNE100002G19
Business Support Services
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7.84 CNY | +1.42% |
|
+0.51% | -6.67% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,290 | 7,478 | 8,434 | 11,651 | 9,391 | 6,303 | 6,303 | - |
| Enterprise Value (EV) 1 | 4,290 | 7,172 | 8,170 | 11,882 | 9,974 | 6,741 | 7,306 | 7,302 |
| P/E ratio | 22.4 x | 35.9 x | 36.8 x | 46.1 x | 37.1 x | 23.3 x | 18.8 x | 15.3 x |
| Yield | - | 0.84% | 0.82% | 0.65% | 0.95% | 1.45% | 1.87% | 2.2% |
| Capitalization / Revenue | 4.58 x | 6.75 x | 5.76 x | 5.26 x | 3.87 x | 2.54 x | 1.95 x | 1.67 x |
| EV / Revenue | 4.58 x | 6.48 x | 5.58 x | 5.36 x | 4.11 x | 2.54 x | 2.26 x | 1.93 x |
| EV / EBITDA | 15.8 x | 22.5 x | 20.6 x | 23.5 x | 17.2 x | 13.4 x | 10.4 x | 9.25 x |
| EV / FCF | - | -75,573,414 x | - | 1,211,420,562 x | -174,767,170 x | - | - | - |
| FCF Yield | - | -0% | - | 0% | -0% | - | - | - |
| Price to Book | 3.67 x | 5.95 x | 6.13 x | 7.38 x | 5.29 x | 3.53 x | 2.86 x | 2.51 x |
| Nbr of stocks (in thousands) | 796,858 | 796,858 | 796,858 | 796,858 | 800,819 | 803,929 | 803,929 | - |
| Reference price 2 | 5.384 | 9.385 | 10.58 | 14.62 | 11.73 | 7.840 | 7.840 | 7.840 |
| Announcement Date | 1/8/19 | 1/21/20 | 1/18/21 | 1/11/22 | 1/15/23 | 1/16/24 | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 937.3 | 1,107 | 1,465 | 2,217 | 2,428 | 2,659 | 3,236 | 3,782 |
| EBITDA 1 | 272.2 | 319.3 | 395.7 | 504.6 | 580.9 | 537.1 | 704.7 | 789.6 |
| EBIT 1 | 225.9 | 262.3 | 307 | 389.5 | 348.2 | 384.6 | 510 | 600.5 |
| Operating Margin | 24.1% | 23.69% | 20.96% | 17.57% | 14.34% | 14.47% | 15.76% | 15.88% |
| Earnings before Tax (EBT) 1 | 237.6 | 273 | 322 | 400.1 | 371.2 | 398.5 | 500.8 | 616 |
| Net income 1 | 191.2 | 208.4 | 229.3 | 252.7 | 252.9 | 255.5 | 350.4 | 431.8 |
| Net margin | 20.39% | 18.82% | 15.65% | 11.4% | 10.42% | 9.61% | 10.83% | 11.42% |
| EPS 2 | 0.2399 | 0.2615 | 0.2877 | 0.3171 | 0.3157 | 0.3367 | 0.4172 | 0.5130 |
| Free Cash Flow | - | -94.9 | - | 9.808 | -57.07 | - | - | - |
| FCF margin | - | -8.57% | - | 0.44% | -2.35% | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | 1.94% | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | 3.88% | - | - | - | - |
| Dividend per Share 2 | - | 0.0785 | 0.0871 | 0.0954 | 0.1109 | 0.1138 | 0.1468 | 0.1728 |
| Announcement Date | 1/8/19 | 1/21/20 | 1/18/21 | 1/11/22 | 1/15/23 | 1/16/24 | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S1 | 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 | 454.2 | 408.4 | 475.6 | 603.6 | 940 | 468.4 | 536.1 | 595.2 | 1,059 | 507.4 | 1,184 | 845.7 | 845.7 |
| EBITDA 1 | - | - | 73.32 | 130.4 | - | - | - | - | 333 | 140.2 | 242.2 | 191.2 | 191.2 |
| EBIT 1 | - | -36.12 | 56.16 | 83.66 | 244.5 | -32.01 | 63.77 | 57.15 | 295.7 | 76.5 | 178.5 | 127.5 | 127.5 |
| Operating Margin | - | -8.84% | 11.81% | 13.86% | 26.01% | -6.83% | 11.89% | 9.6% | 27.93% | 15.08% | 15.08% | 15.08% | 15.08% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS 2 | 0.1478 | -0.0352 | 0.0628 | 0.0818 | 0.2196 | -0.0301 | 0.0649 | 0.0600 | 0.2050 | 0.0606 | 0.1414 | 0.1010 | 0.1010 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | 0.1045 | - | - | - | 0.1422 |
| Announcement Date | 7/10/19 | 4/27/22 | 8/25/22 | 10/25/22 | 1/15/23 | 4/27/23 | 8/30/23 | 10/30/23 | 1/16/24 | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | 231 | 583 | 876 | 1,004 | 999 |
| Net Cash position 1 | - | 306 | 265 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | 0.4579 x | 1.004 x | 1.631 x | 1.424 x | 1.266 x |
| Free Cash Flow | - | -94.9 | - | 9.81 | -57.1 | - | - | - |
| ROE (net income / shareholders' equity) | 17.5% | 16.5% | 17.1% | 17.2% | 15.2% | 13.9% | 15.6% | 16.9% |
| ROA (Net income/ Total Assets) | - | 11.9% | 10.7% | 8.09% | 9.03% | 5.43% | 6.6% | 7.4% |
| Assets 1 | - | 1,755 | 2,140 | 3,122 | 2,800 | 4,710 | 5,310 | 5,836 |
| Book Value Per Share 2 | 1.470 | 1.580 | 1.730 | 1.980 | 2.220 | 2.380 | 2.740 | 3.130 |
| Cash Flow per Share 2 | 0.3100 | 0.2500 | 0.4300 | 0.4900 | 0.3400 | 0.7400 | 0.5700 | 0.9300 |
| Capex 1 | 108 | 297 | 347 | 378 | 333 | 313 | 506 | 423 |
| Capex / Sales | 11.49% | 26.82% | 23.68% | 17.07% | 13.73% | 11.74% | 15.65% | 11.19% |
| Announcement Date | 1/8/19 | 1/21/20 | 1/18/21 | 1/11/22 | 1/15/23 | 1/16/24 | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
7.84
CNY
Average target price
12.51
CNY
Spread / Average Target
+59.57%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -6.67% | 870M | |
| +14.61% | 17.2B | |
| 0.00% | 6.8B | |
| -12.39% | 2.88B | |
| -11.15% | 2.72B | |
| -31.21% | 1.74B | |
| +5.00% | 1.25B | |
| -7.31% | 1.06B | |
| -4.08% | 794M | |
| +0.62% | 757M |
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