Financials China ZhengTong Auto Services Holdings Limited

Equities

1728

KYG215A81084

Auto Vehicles, Parts & Service Retailers

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
0.247 HKD +0.41% Intraday chart for China ZhengTong Auto Services Holdings Limited 0.00% -25.15%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 10,056 6,092 1,952 1,946 1,721 655.5 655.5 -
Enterprise Value (EV) 1 28,338 25,179 14,789 18,399 20,902 19,876 18,345 17,525
P/E ratio 8.22 x 9.17 x -0.22 x -0.53 x -5.75 x -0.94 x -1.93 x -138 x
Yield 5% 3.68% - - - - - -
Capitalization / Revenue 0.27 x 0.17 x 0.11 x 0.09 x 0.08 x 0.04 x 0.02 x 0.02 x
EV / Revenue 0.76 x 0.72 x 0.84 x 0.88 x 0.92 x 0.82 x 0.65 x 0.58 x
EV / EBITDA 8.54 x 8.03 x -1.77 x -23.8 x 16.5 x 19.6 x 9.77 x 7.52 x
EV / FCF -15,643,078 x 19,334,502 x -49,626,165 x -36,406,426 x -29,434,670 x - - -
FCF Yield -0% 0% -0% -0% -0% - - -
Price to Book 0.83 x 0.49 x 0.45 x 3.78 x 8.9 x 2.31 x -22.9 x 1.27 x
Nbr of stocks (in thousands) 2,452,220 2,452,220 2,697,442 2,744,542 2,744,542 2,867,102 2,867,102 -
Reference price 2 4.101 2.484 0.7238 0.7089 0.6271 0.2286 0.2286 0.2286
Announcement Date 3/29/19 3/30/20 4/1/21 3/29/22 3/30/23 3/27/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 37,456 35,138 17,501 20,986 22,607 24,132 28,195 30,043
EBITDA 1 3,318 3,134 -8,335 -772.1 1,270 1,012 1,878 2,330
EBIT 1 2,763 2,178 -9,306 -1,674 833.6 168.2 583.9 1,007
Operating Margin 7.38% 6.2% -53.17% -7.98% 3.69% 0.7% 2.07% 3.35%
Earnings before Tax (EBT) 1 1,889 1,163 -10,363 -2,214 -130.3 -886.6 -426.1 17.33
Net income 1 1,224 663.9 -8,579 -3,622 -296.3 -891 -337.7 -19.66
Net margin 3.27% 1.89% -49.02% -17.26% -1.31% -3.69% -1.2% -0.07%
EPS 2 0.4990 0.2710 -3.348 -1.338 -0.1090 -0.3190 -0.1182 -0.001660
Free Cash Flow -1,812 1,302 -298 -505.4 -710.1 - - -
FCF margin -4.84% 3.71% -1.7% -2.41% -3.14% - - -
FCF Conversion (EBITDA) - 41.56% - - - - - -
FCF Conversion (Net income) - 196.17% - - - - - -
Dividend per Share 2 0.2052 0.0916 - - - - - -
Announcement Date 3/29/19 3/30/20 4/1/21 3/29/22 3/30/23 3/27/24 - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 18,282 19,086 12,836 16,453 19,181 19,016 17,690 16,870
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 5.511 x 6.09 x -1.54 x -21.31 x 15.1 x 18.79 x 9.419 x 7.239 x
Free Cash Flow -1,812 1,302 -298 -505 -710 - - -
ROE (net income / shareholders' equity) 11% 5.41% -104% -157% -84.4% - - 234%
ROA (Net income/ Total Assets) 3.02% 1.49% -23.6% -13.4% -1.1% - - -
Assets 1 40,570 44,528 36,427 27,063 26,930 - - -
Book Value Per Share 2 4.950 5.060 1.600 0.1900 0.0700 0.1300 -0.0100 0.1800
Cash Flow per Share 0.3200 1.040 0.1400 - - - - -
Capex 2,290 1,782 644 661 869 - - -
Capex / Sales 6.11% 5.07% 3.68% 3.15% 3.84% - - -
Announcement Date 3/29/19 3/30/20 4/1/21 3/29/22 3/30/23 3/27/24 - -
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

Sell
Consensus
Buy
Mean consensus
SELL
Number of Analysts
2
Last Close Price
0.2286 CNY
Average target price
0.236 CNY
Spread / Average Target
+3.22%
Consensus

Annual profits - Rate of surprise

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