Financials Shijiazhuang Tonhe Electronics Technologies Co.,Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-04-29 pm EDT			5-day change	1st Jan Change
18.15 ^CNY	-3.56%		-6.40%	-18.54%

Apr. 26	Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 26	Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2019	2022	2023	2024	2025	2026
Capitalization ¹	2,098	2,397	3,878	3,159	-	-
Enterprise Value (EV) ¹	2,098	2,397	3,878	3,159	3,159	3,159
P/E ratio	68.5 x	53.2 x	37.8 x	20.2 x	12.8 x	9.01 x
Yield	-	-	0.54%	1.18%	1.82%	2.37%
Capitalization / Revenue	-	-	3.84 x	2.16 x	1.5 x	1.16 x
EV / Revenue	-	-	3.84 x	2.16 x	1.5 x	1.16 x
EV / EBITDA	-	-	30.3 x	14.9 x	10.7 x	7.16 x
EV / FCF	-	-	-22,565,338 x	-	-	-
FCF Yield	-	-	-0%	-	-	-
Price to Book	-	-	3.47 x	2.51 x	2.11 x	1.75 x
Nbr of stocks (in thousands)	161,248	173,453	174,041	174,041	-	-
Reference price ²	13.01	13.82	22.28	18.15	18.15	18.15
Announcement Date	2/28/20	4/25/23	4/26/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2022	2023	2024	2025	2026
Net sales ¹	-	-	1,009	1,462	2,107	2,727
EBITDA ¹	-	-	128.2	211.6	294.2	441.2
EBIT ¹	-	-	107.2	163.4	256.1	376.4
Operating Margin	-	-	10.63%	11.17%	12.15%	13.8%
Earnings before Tax (EBT) ¹	-	-	107.2	163.4	256.2	376.4
Net income ¹	30.01	44.34	102.6	156.8	246.8	350.4
Net margin	-	-	10.17%	10.72%	11.71%	12.85%
EPS ²	0.1900	0.2600	0.5900	0.9000	1.418	2.013
Free Cash Flow	-	-	-171.8	-	-	-
FCF margin	-	-	-17.04%	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-
Dividend per Share ²	-	-	0.1200	0.2150	0.3300	0.4300
Announcement Date	2/28/20	4/25/23	4/26/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow	-	-	-172	-	-	-
ROE (net income / shareholders' equity)	-	-	9.69%	12.9%	16.8%	20.1%
ROA (Net income/ Total Assets)	-	-	-	6.61%	7.53%	9.32%
Assets ¹	-	-	-	2,373	3,278	3,759
Book Value Per Share ²	-	-	6.420	7.230	8.590	10.40
Cash Flow per Share ²	-	-	0.0800	0.2000	0.6900	0.7500
Capex ¹	-	-	187	93.6	66.6	89.4
Capex / Sales	-	-	18.5%	6.4%	3.16%	3.28%
Announcement Date	2/28/20	4/25/23	4/26/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

18.15 CNY

Average target price

25.22 CNY

Spread / Average Target

+38.95%

	1st Jan change	Capi.
SHIJIAZHUANG TONHE ELECTRONICS TECHNOLOGIES CO.,LTD.	-18.54%	436M
CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED	+24.10%	123B
LG ENERGY SOLUTION, LTD.	-8.54%	67.54B
SAMSUNG SDI CO., LTD.	-7.20%	21.41B
TDK CORPORATION	+3.36%	17.22B
ECOPRO BM. CO., LTD.	-21.53%	16.29B
GOTION HIGH-TECH CO.,LTD.	-12.74%	4.62B
VOLTRONIC POWER TECHNOLOGY CORP.	-12.28%	4.08B
SUNWODA ELECTRONIC CO.,LTD	+3.05%	3.88B
TIANNENG BATTERY GROUP CO., LTD.	+3.01%	3.86B