Financials Fujian Torch Electron Technology Co., Ltd.

Equities

603678

CNE100001TY3

Electronic Equipment & Parts

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
20.77 CNY -0.05% Intraday chart for Fujian Torch Electron Technology Co., Ltd. +6.73% -21.53%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 10,379 32,627 34,640 18,754 12,100 9,494 - -
Enterprise Value (EV) 1 10,379 32,627 34,640 18,754 12,100 9,494 9,494 9,494
P/E ratio 27.3 x 54.8 x 37.5 x 24.2 x 38.4 x 21 x 14 x 14.5 x
Yield - 0.47% 0.63% 0.85% 0.57% 1.69% 1.69% 1.69%
Capitalization / Revenue 4.04 x 8.92 x 7.32 x 5.27 x 3.45 x 2.31 x 2.02 x 1.72 x
EV / Revenue 4.04 x 8.92 x 7.32 x 5.27 x 3.45 x 2.31 x 2.02 x 1.72 x
EV / EBITDA 18.7 x 37.9 x 26.4 x 16.5 x 21.4 x 9.8 x 8.01 x 7.26 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 3.34 x 8.67 x 7.41 x 3.61 x 2.24 x 1.63 x 1.45 x 1.35 x
Nbr of stocks (in thousands) 452,439 451,273 457,904 458,087 457,123 457,125 - -
Reference price 2 22.94 72.30 75.65 40.94 26.47 20.77 20.77 20.77
Announcement Date 3/17/20 4/27/21 3/22/22 3/21/23 3/18/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,569 3,656 4,734 3,559 3,504 4,113 4,705 5,526
EBITDA 1 555.2 860.1 1,314 1,133 565.6 969 1,186 1,308
EBIT 1 469.9 764.4 1,192 975.2 364.4 496.3 809.2 743.1
Operating Margin 18.29% 20.91% 25.17% 27.4% 10.4% 12.07% 17.2% 13.45%
Earnings before Tax (EBT) 1 469.5 763.8 1,175 973.2 358.2 489.8 802.3 737
Net income 1 381.4 609.5 955.9 801.5 318.4 453.8 678.5 655.2
Net margin 14.85% 16.67% 20.19% 22.52% 9.09% 11.03% 14.42% 11.86%
EPS 2 0.8400 1.320 2.020 1.690 0.6900 0.9900 1.480 1.430
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - 0.3400 0.4800 0.3500 0.1500 0.3500 0.3500 0.3500
Announcement Date 3/17/20 4/27/21 3/22/22 3/21/23 3/18/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 12.9% 17.8% 22.3% 16.2% 5.97% 7.84% 10.4% 9.54%
ROA (Net income/ Total Assets) - 11.8% 14.8% - - 4.48% 7.61% 5.28%
Assets 1 - 5,175 6,437 - - 10,131 8,922 12,409
Book Value Per Share 2 6.880 8.340 10.20 11.30 11.80 12.80 14.30 15.40
Cash Flow per Share 2 0.5100 0.0600 1.260 2.010 1.890 1.140 3.700 2.090
Capex 1 349 270 618 645 354 374 294 416
Capex / Sales 13.57% 7.37% 13.06% 18.13% 10.11% 9.1% 6.25% 7.52%
Announcement Date 3/17/20 4/27/21 3/22/22 3/21/23 3/18/24 - - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
20.77 CNY
Average target price
30.96 CNY
Spread / Average Target
+49.06%
Consensus

Annual profits - Rate of surprise

  1. Stock Market
  2. Equities
  3. 603678 Stock
  4. Financials Fujian Torch Electron Technology Co., Ltd.