GITI TIRE CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 15.17 CNY | -0.46% |
|
-0.85% | +2.36% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 5,029 | 5,515 | 5,199 | 4,576 | 4,760 | 5,039 |
| Enterprise Value (EV) 1 | 5,743 | 6,257 | 5,769 | 4,958 | 5,136 | 5,348 |
| P/E ratio | 56.6 x | 63.5 x | 87.2 x | 127 x | 138 x | 27.5 x |
| Yield | 0.54% | 0.49% | 0.36% | 0.26% | 0.25% | - |
| Capitalization / Revenue | 1.49 x | 1.8 x | 1.85 x | 1.37 x | 1.36 x | 1.21 x |
| EV / Revenue | 1.7 x | 2.04 x | 2.06 x | 1.48 x | 1.46 x | 1.28 x |
| EV / EBITDA | 13.7 x | 15.7 x | 14.1 x | 18.3 x | 21.4 x | 8.4 x |
| EV / FCF | -64.5 x | 164 x | 20.4 x | 24.5 x | -219 x | 29.8 x |
| FCF Yield | -1.55% | 0.61% | 4.91% | 4.09% | -0.46% | 3.35% |
| Price to Book | 5.5 x | 5.66 x | 5.16 x | 4.47 x | 4.55 x | 4.02 x |
| Nbr of stocks (in thousands) | 340,000 | 340,000 | 340,000 | 340,000 | 340,000 | 340,000 |
| Reference price 2 | 14.79 | 16.22 | 15.29 | 13.46 | 14.00 | 14.82 |
| Announcement Date | 4/17/19 | 4/19/20 | 4/22/21 | 4/28/22 | 4/28/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 3,369 | 3,070 | 2,803 | 3,342 | 3,507 | 4,164 |
| EBITDA 1 | 419.5 | 398.1 | 408 | 270.6 | 240.5 | 636.9 |
| EBIT 1 | 269.1 | 262.2 | 276.9 | 140.3 | 109.7 | 505.7 |
| Operating Margin | 7.99% | 8.54% | 9.88% | 4.2% | 3.13% | 12.15% |
| Earnings before Tax (EBT) 1 | 248.5 | 243.2 | 166.1 | 104.4 | 99.69 | 486.9 |
| Net income 1 | 88.84 | 86.87 | 59.64 | 36.14 | 34.42 | 183 |
| Net margin | 2.64% | 2.83% | 2.13% | 1.08% | 0.98% | 4.39% |
| EPS 2 | 0.2613 | 0.2555 | 0.1754 | 0.1063 | 0.1012 | 0.5382 |
| Free Cash Flow 1 | -89 | 38.21 | 283.1 | 202.7 | -23.43 | 179.2 |
| FCF margin | -2.64% | 1.24% | 10.1% | 6.06% | -0.67% | 4.3% |
| FCF Conversion (EBITDA) | - | 9.6% | 69.38% | 74.91% | - | 28.13% |
| FCF Conversion (Net income) | - | 43.99% | 474.66% | 560.77% | - | 97.92% |
| Dividend per Share 2 | 0.0800 | 0.0790 | 0.0550 | 0.0350 | 0.0350 | - |
| Announcement Date | 4/17/19 | 4/19/20 | 4/22/21 | 4/28/22 | 4/28/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 715 | 742 | 570 | 382 | 376 | 309 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.704 x | 1.864 x | 1.397 x | 1.411 x | 1.562 x | 0.4849 x |
| Free Cash Flow 1 | -89 | 38.2 | 283 | 203 | -23.4 | 179 |
| ROE (net income / shareholders' equity) | 11.6% | 10.9% | 7.38% | 4.53% | 4.31% | 19% |
| ROA (Net income/ Total Assets) | 6.13% | 5.72% | 5.78% | 2.79% | 2.02% | 8.63% |
| Assets 1 | 1,449 | 1,520 | 1,032 | 1,297 | 1,702 | 2,121 |
| Book Value Per Share 2 | 2.690 | 2.860 | 2.960 | 3.010 | 3.080 | 3.690 |
| Cash Flow per Share 2 | 0.2800 | 0.6800 | 0.9800 | 0.9600 | 0.8800 | 0.8700 |
| Capex 1 | 184 | 120 | 69.4 | 120 | 159 | 183 |
| Capex / Sales | 5.46% | 3.89% | 2.47% | 3.58% | 4.53% | 4.39% |
| Announcement Date | 4/17/19 | 4/19/20 | 4/22/21 | 4/28/22 | 4/28/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +2.36% | 713M | |
| +2.65% | 6.76B | |
| +21.13% | 6.38B | |
| -5.46% | 5.62B | |
| +30.18% | 5.21B | |
| +5.01% | 4.69B | |
| +16.48% | 4.53B | |
| +12.34% | 3.88B | |
| +27.29% | 3.72B | |
| +42.39% | 3.07B |
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