Financials Tangrenshen Group Co., Ltd

Equities

002567

CNE1000011J8

Fishing & Farming

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
5.8 CNY +1.05% Intraday chart for Tangrenshen Group Co., Ltd +3.02% -22.67%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 4,743 7,496 7,764 9,009 9,696 8,243 8,243 -
Enterprise Value (EV) 1 4,743 7,496 7,764 9,009 9,696 10,659 8,243 8,243
P/E ratio 35.4 x 37 x 7.41 x -7.46 x 62.5 x -6.87 x 8.72 x 4.48 x
Yield - 2.59% - - - - 0.26% 3.62%
Capitalization / Revenue 0.31 x 0.49 x - 0.41 x - 0.4 x 0.24 x 0.22 x
EV / Revenue 0.31 x 0.49 x - 0.41 x - 0.4 x 0.24 x 0.22 x
EV / EBITDA 9.09 x 11.3 x - - - -14.4 x 3.28 x 2.5 x
EV / FCF - - - - - -30.1 x -9.41 x 4.84 x
FCF Yield - - - - - -3.32% -10.6% 20.6%
Price to Book 1.39 x 2.25 x - 1.63 x - 1.96 x 1.45 x 1.09 x
Nbr of stocks (in thousands) 836,571 836,571 979,078 1,206,018 1,369,467 1,421,175 1,421,175 -
Reference price 2 5.670 8.960 7.930 7.470 7.080 5.800 5.800 5.800
Announcement Date 2/27/19 2/27/20 4/1/21 4/28/22 4/27/23 4/29/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 15,406 15,343 - 21,742 - 26,949 33,982 37,869
EBITDA 1 521.8 663.4 - - - -738.3 2,513 3,299
EBIT 1 287.7 354.7 - -1,044 - -1,601 1,061 1,649
Operating Margin 1.87% 2.31% - -4.8% - -5.94% 3.12% 4.35%
Earnings before Tax (EBT) 1 265.7 329 - -1,147 - -1,629 1,019 1,968
Net income 1 136.9 202.4 950.3 -1,147 - -1,526 957 1,822
Net margin 0.89% 1.32% - -5.28% - -5.66% 2.82% 4.81%
EPS 2 0.1600 0.2419 1.070 -1.001 0.1133 -1.092 0.6650 1.293
Free Cash Flow 1 - - - - - -353.7 -876 1,702
FCF margin - - - - - -1.31% -2.58% 4.49%
FCF Conversion (EBITDA) - - - - - - - 51.6%
FCF Conversion (Net income) - - - - - - - 93.39%
Dividend per Share 2 - 0.2320 - - - - 0.0150 0.2100
Announcement Date 2/27/19 2/27/20 4/1/21 4/28/22 4/27/23 4/29/24 - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2023 2024 2025
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - - - - -354 -876 1,702
ROE (net income / shareholders' equity) 4% 5.84% 25.7% -21.2% -25% 6.7% 19.7%
ROA (Net income/ Total Assets) - 2.93% - -3.06% -7.05% 1.3% 5.5%
Assets 1 - 6,906 - 37,497 15,019 73,619 33,134
Book Value Per Share 2 4.070 3.980 - 4.570 3.830 3.990 5.340
Cash Flow per Share 2 0.6700 0.6500 - -0.3100 0.3700 1.040 2.000
Capex 1 - 752 - 3,184 889 904 1,377
Capex / Sales - 4.9% - 14.64% 3.3% 2.66% 3.64%
Announcement Date 2/27/19 2/27/20 4/1/21 4/28/22 4/29/24 - -
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
5.8 CNY
Average target price
8.25 CNY
Spread / Average Target
+42.24%
Consensus

Annual profits - Rate of surprise

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