QINGDAO TGOOD ELECTRIC CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 20.12 CNY | +0.65% |
|
+3.76% | +0.10% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 17,138 | 29,289 | 25,882 | 15,829 | 21,224 | 20,929 | - | - |
| Enterprise Value (EV) 1 | 17,138 | 31,439 | 27,554 | 17,530 | 22,723 | 22,623 | 24,150 | 22,652 |
| P/E ratio | - | 173 x | 138 x | 58.5 x | 41.9 x | 32.5 x | 24.1 x | 18.6 x |
| Yield | 0.12% | 0.17% | 0.08% | 0.33% | 0.5% | 0.58% | 0.78% | 1.01% |
| Capitalization / Revenue | 2.54 x | 3.95 x | 2.74 x | 1.36 x | 1.45 x | 1.14 x | 0.92 x | 0.76 x |
| EV / Revenue | 2.54 x | 4.24 x | 2.92 x | 1.51 x | 1.56 x | 1.23 x | 1.07 x | 0.82 x |
| EV / EBITDA | 27.9 x | 51.5 x | 44.8 x | 21.5 x | 20.5 x | 14.8 x | 12.3 x | 10.7 x |
| EV / FCF | - | - | -54.7 x | 31.8 x | 62.3 x | -28.7 x | -1,028 x | -103 x |
| FCF Yield | - | - | -1.83% | 3.15% | 1.61% | -3.48% | -0.1% | -0.97% |
| Price to Book | 5.11 x | 6.43 x | 4.3 x | 2.51 x | 3.17 x | 2.85 x | 2.57 x | 2.34 x |
| Nbr of stocks (in thousands) | 997,570 | 997,570 | 1,040,711 | 1,040,711 | 1,055,898 | 1,040,203 | - | - |
| Reference price 2 | 17.18 | 29.36 | 24.87 | 15.21 | 20.10 | 20.12 | 20.12 | 20.12 |
| Announcement Date | 2/27/20 | 4/22/21 | 3/7/22 | 4/14/23 | 4/23/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,739 | 7,421 | 9,441 | 11,630 | 14,602 | 18,328 | 22,658 | 27,576 |
| EBITDA 1 | 615.1 | 610 | 614.6 | 814.2 | 1,110 | 1,529 | 1,962 | 2,112 |
| EBIT 1 | 272.5 | 135.8 | 179.5 | 274 | 602.2 | 716.7 | 1,101 | 1,325 |
| Operating Margin | 4.04% | 1.83% | 1.9% | 2.36% | 4.12% | 3.91% | 4.86% | 4.8% |
| Earnings before Tax (EBT) 1 | - | 123.2 | 163.7 | 263.9 | 533.5 | 762.2 | 1,029 | 1,297 |
| Net income 1 | - | 173 | 187.2 | 272.2 | 491.1 | 653.6 | 878.8 | 1,141 |
| Net margin | - | 2.33% | 1.98% | 2.34% | 3.36% | 3.57% | 3.88% | 4.14% |
| EPS 2 | - | 0.1700 | 0.1800 | 0.2600 | 0.4800 | 0.6190 | 0.8338 | 1.080 |
| Free Cash Flow 1 | - | - | -503.9 | 552 | 364.7 | -787 | -23.5 | -220 |
| FCF margin | - | - | -5.34% | 4.75% | 2.5% | -4.29% | -0.1% | -0.8% |
| FCF Conversion (EBITDA) | - | - | - | 67.8% | 32.86% | - | - | - |
| FCF Conversion (Net income) | - | - | - | 202.8% | 74.26% | - | - | - |
| Dividend per Share 2 | 0.0200 | 0.0500 | 0.0200 | 0.0500 | 0.1000 | 0.1164 | 0.1577 | 0.2041 |
| Announcement Date | 2/27/20 | 4/22/21 | 3/7/22 | 4/14/23 | 4/23/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 S1 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | - | - | - | - | - | 5,199 | 2,569 | 4,174 | 3,760 | 7,482 | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | - | - | - | - | - | 404.4 | 36.1 | 154.3 | 133.6 | 370.3 | - | - |
| Operating Margin | - | - | - | - | - | - | 7.78% | 1.41% | 3.7% | 3.55% | 4.95% | - | - |
| Earnings before Tax (EBT) 1 | - | - | - | - | - | - | 355.8 | 32.89 | 146.3 | 146.4 | 435.7 | - | - |
| Net income 1 | - | - | - | - | - | 94.09 | 269.3 | 61.6 | 8.645 | 138 | 512.3 | - | - |
| Net margin | - | - | - | - | - | - | 5.18% | 2.4% | 0.21% | 3.67% | 6.85% | - | - |
| EPS 2 | 0.1100 | 0.0200 | 0.0200 | 0.0600 | 0.1600 | 0.0900 | 0.2700 | 0.0600 | 0.008190 | 0.1307 | 0.4851 | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | 0.1238 | - | - |
| Announcement Date | 3/7/22 | 4/26/22 | 8/24/22 | 10/26/22 | 4/14/23 | 8/25/23 | 4/23/24 | 4/26/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 2,150 | 1,672 | 1,701 | 1,499 | 1,694 | 3,221 | 1,723 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 3.524 x | 2.72 x | 2.089 x | 1.351 x | 1.108 x | 1.642 x | 0.8159 x |
| Free Cash Flow 1 | - | - | -504 | 552 | 365 | -787 | -23.5 | -220 |
| ROE (net income / shareholders' equity) | 8.31% | 4.14% | 3.41% | 4.42% | 7.51% | 9.37% | 11.6% | 13% |
| ROA (Net income/ Total Assets) | 1.91% | 1.08% | 1.01% | 1.29% | - | 2.57% | 3.16% | 3.8% |
| Assets 1 | - | 16,023 | 18,567 | 21,102 | - | 25,412 | 27,850 | 30,038 |
| Book Value Per Share 2 | 3.360 | 4.570 | 5.780 | 6.050 | 6.340 | 7.060 | 7.840 | 8.590 |
| Cash Flow per Share 2 | 0.3900 | 0.1600 | 0.2900 | 1.170 | 1.270 | 0.7500 | 1.370 | 1.070 |
| Capex 1 | 444 | 512 | 801 | 664 | 980 | 900 | 1,141 | 1,153 |
| Capex / Sales | 6.59% | 6.9% | 8.48% | 5.71% | 6.71% | 4.91% | 5.04% | 4.18% |
| Announcement Date | 2/27/20 | 4/22/21 | 3/7/22 | 4/14/23 | 4/23/24 | - | - | - |
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
D+
Sell
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
20.12
CNY
Average target price
23.09
CNY
Spread / Average Target
+14.77%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +0.10% | 2.89B | |
| +20.48% | 90.86B | |
| +42.83% | 24.55B | |
| +37.12% | 16.28B | |
| +22.71% | 10.21B | |
| +4.91% | 8.52B | |
| +35.20% | 8.09B | |
| +1.95% | 7.54B | |
| +161.16% | 6.83B | |
| +51.72% | 5.29B |
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- Financials Qingdao TGOOD Electric Co., Ltd.
