Financials Guizhou Taiyong-Changzheng Technology Co.,Ltd.

Equities

002927

CNE1000033K0

Electrical Components & Equipment

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
13.47 CNY -3.30% Intraday chart for Guizhou Taiyong-Changzheng Technology Co.,Ltd. +0.37% -14.42%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 5,287 3,425 2,720 2,660 2,259 3,513
Enterprise Value (EV) 1 4,941 3,163 2,519 2,488 2,148 3,353
P/E ratio 69.9 x 46.6 x 32 x 27.7 x 32.6 x 49.2 x
Yield 0.28% 1.07% 0.99% 1.01% 1.19% -
Capitalization / Revenue 15.2 x 5.69 x 3.49 x 2.79 x 2.52 x 3.38 x
EV / Revenue 14.2 x 5.26 x 3.23 x 2.61 x 2.4 x 3.23 x
EV / EBITDA 67.9 x 31.7 x 21.6 x 21.6 x 24.2 x 30.2 x
EV / FCF -205 x -73.7 x -84.3 x -30,026 x -75.2 x 68.9 x
FCF Yield -0.49% -1.36% -1.19% -0% -1.33% 1.45%
Price to Book 7.19 x 4.31 x 3.2 x 2.88 x 2.33 x 3.26 x
Nbr of stocks (in thousands) 221,931 221,931 223,664 223,356 223,209 223,197
Reference price 2 23.82 15.43 12.16 11.91 10.12 15.74
Announcement Date 4/23/19 4/9/20 4/22/21 4/21/22 4/27/23 4/25/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 347.4 601.5 779.1 953.4 895.7 1,038
EBITDA 1 72.77 99.9 116.6 115.3 88.78 110.9
EBIT 1 66.27 88.9 101.3 98.68 69.66 91.32
Operating Margin 19.08% 14.78% 13.01% 10.35% 7.78% 8.8%
Earnings before Tax (EBT) 1 84.73 92.66 112.2 110.4 76.28 82.79
Net income 1 73.14 73.59 84.24 95.82 68.25 70.32
Net margin 21.06% 12.23% 10.81% 10.05% 7.62% 6.77%
EPS 2 0.3407 0.3308 0.3800 0.4300 0.3100 0.3200
Free Cash Flow 1 -24.07 -42.91 -29.86 -0.0829 -28.56 48.7
FCF margin -6.93% -7.13% -3.83% -0.01% -3.19% 4.69%
FCF Conversion (EBITDA) - - - - - 43.91%
FCF Conversion (Net income) - - - - - 69.25%
Dividend per Share 2 0.0659 0.1654 0.1200 0.1200 0.1200 -
Announcement Date 4/23/19 4/9/20 4/22/21 4/21/22 4/27/23 4/25/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 347 261 201 172 110 160
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -24.1 -42.9 -29.9 -0.08 -28.6 48.7
ROE (net income / shareholders' equity) 13.3% 10.4% 11.6% 11.4% 7.05% 7.28%
ROA (Net income/ Total Assets) 6.43% 5.73% 5.44% 4.74% 2.97% 3.63%
Assets 1 1,138 1,285 1,548 2,023 2,298 1,936
Book Value Per Share 2 3.310 3.580 3.800 4.140 4.350 4.830
Cash Flow per Share 2 1.060 0.9700 1.000 0.5000 0.5000 0.4400
Capex 1 18.4 24.4 56.2 32.5 51.1 40.7
Capex / Sales 5.3% 4.05% 7.21% 3.41% 5.71% 3.92%
Announcement Date 4/23/19 4/9/20 4/22/21 4/21/22 4/27/23 4/25/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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