TCL ZHONGHUAN RENEWABLE ENERGY TECHNOLOGY CO.,LTD. Financials TCL Zhonghuan Renewable Energy Technology Co.,Ltd.
Equities
002129
CNE1000000B8
Renewable Energy Equipment & Services
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 10.18 CNY | -0.59% |
|
-3.23% | -34.91% |
Projected Income Statement: TCL Zhonghuan Renewable Energy Technology Co.,Ltd.
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 16,887 | 19,057 | 41,105 | 67,010 | 59,146 | 33,340 | 49,575 | 59,719 |
| Change | - | 12.85% | 115.7% | 63.02% | -11.74% | -43.63% | 48.7% | 20.46% |
| EBITDA 1 | 3,416 | 3,783 | 7,848 | 11,712 | 11,023 | 3,698 | 11,210 | 13,500 |
| Change | - | 10.74% | 107.43% | 49.24% | -5.88% | -66.45% | 203.14% | 20.42% |
| EBIT 1 | 1,441 | 1,631 | 5,006 | 7,325 | 4,565 | -7,802 | 2,896 | 4,144 |
| Change | - | 13.23% | 206.85% | 46.34% | -37.68% | - | - | 43.12% |
| Interest Paid 1 | -906.9 | -1,029 | -839.7 | -791.9 | -903.6 | -1,094 | -1,218 | -1,249 |
| Earnings before Tax (EBT) 1 | 1,457 | 1,692 | 5,000 | 7,449 | 4,544 | -8,408 | 2,687 | 3,789 |
| Change | - | 16.11% | 195.49% | 48.99% | -39% | - | - | 41.04% |
| Net income 1 | 903.7 | 1,089 | 4,030 | 6,819 | 3,416 | -7,537 | 2,012 | 2,915 |
| Change | - | 20.51% | 270.03% | 69.21% | -49.9% | - | - | 44.91% |
| Announcement Date | 2/28/20 | 3/10/21 | 3/10/22 | 3/28/23 | 4/25/24 | - | - | - |
1CNY in Million
Estimates
Forecast Balance Sheet: TCL Zhonghuan Renewable Energy Technology Co.,Ltd.
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 10,658 | 11,320 | 9,862 | 24,731 | 30,173 | 34,506 | 35,229 | 34,990 |
| Change | - | 6.21% | -12.88% | 150.77% | 22% | 14.36% | 2.1% | -0.68% |
| Announcement Date | 2/28/20 | 3/10/21 | 3/10/22 | 3/28/23 | 4/25/24 | - | - | - |
1CNY in Million
Estimates
Cash Flow Forecast: TCL Zhonghuan Renewable Energy Technology Co.,Ltd.
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| CAPEX 1 | 4,622 | 3,607 | 5,982 | 11,208 | 12,035 | 8,887 | 7,590 | 6,889 |
| Change | - | -21.95% | 65.85% | 87.35% | 7.38% | -26.16% | -14.59% | -9.25% |
| Free Cash Flow (FCF) 1 | -2,115 | -748.3 | -1,821 | -6,151 | -6,982 | -8,222 | 2,528 | 776 |
| Change | - | -64.62% | 143.3% | 237.85% | 13.51% | 17.76% | -130.75% | -69.3% |
| Announcement Date | 2/28/20 | 3/10/21 | 3/10/22 | 3/28/23 | 4/25/24 | - | - | - |
1CNY in Million
Estimates
Forecast Financial Ratios: TCL Zhonghuan Renewable Energy Technology Co.,Ltd.
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
Profitability | ||||||||
| EBITDA Margin (%) | 20.23% | 19.85% | 19.09% | 17.48% | 18.64% | 11.09% | 22.61% | 22.61% |
| EBIT Margin (%) | 8.53% | 8.56% | 12.18% | 10.93% | 7.72% | -23.4% | 5.84% | 6.94% |
| EBT Margin (%) | 8.63% | 8.88% | 12.16% | 11.12% | 7.68% | -25.22% | 5.42% | 6.35% |
| Net margin (%) | 5.35% | 5.71% | 9.8% | 10.18% | 5.78% | -22.61% | 4.06% | 4.88% |
| FCF margin (%) | -12.52% | -3.93% | -4.43% | -9.18% | -11.8% | -24.66% | 5.1% | 1.3% |
| FCF / Net Income (%) | -234.03% | -68.72% | -45.18% | -90.21% | -204.38% | 109.09% | 125.65% | 26.62% |
Profitability | ||||||||
| ROA | 1.97% | 2.02% | 5.84% | 7.29% | 2.93% | -5.88% | 1.59% | 2.04% |
| ROE | 6.58% | 7.55% | 17.97% | 19.74% | 8.83% | -18.22% | 4.84% | 6.79% |
Financial Health | ||||||||
| Leverage (Debt/EBITDA) | 3.12x | 2.99x | 1.26x | 2.11x | 2.74x | 9.33x | 3.14x | 2.59x |
| Debt / Free cash flow | -5.04x | -15.13x | -5.42x | -4.02x | -4.32x | -4.2x | 13.94x | 45.09x |
Capital Intensity | ||||||||
| CAPEX / Current Assets (%) | 27.37% | 18.93% | 14.55% | 16.73% | 20.35% | 26.66% | 15.31% | 11.54% |
| CAPEX / EBITDA (%) | 135.29% | 95.35% | 76.23% | 95.7% | 109.18% | 240.32% | 67.71% | 51.03% |
| CAPEX / FCF (%) | -218.54% | -482.04% | -328.58% | -182.21% | -172.37% | -108.09% | 300.26% | 887.73% |
Items per share | ||||||||
| Cash flow per share 1 | 0.7201 | 0.7541 | 1.06 | 1.251 | 1.282 | 1.54 | 2.587 | 3.56 |
| Change | - | 4.72% | 40.56% | 18.03% | 2.43% | 20.17% | 67.97% | 37.63% |
| Dividend per Share 1 | 0.024 | 0.048 | 0.088 | 0.08 | 0.26 | - | 0.0731 | 0.0904 |
| Change | - | 100% | 83.33% | -9.09% | 225% | - | - | 23.69% |
| Book Value Per Share 1 | 4.049 | 5.066 | 7.84 | 9.306 | 10.26 | 8.15 | 9.138 | 9.718 |
| Change | - | 25.11% | 54.75% | 18.7% | 10.25% | -20.57% | 12.12% | 6.35% |
| EPS 1 | 0.2596 | 0.3016 | 1.053 | 1.697 | 0.8518 | -1.866 | 0.4991 | 0.7218 |
| Change | - | 16.18% | 249.12% | 61.14% | -49.8% | -319.07% | -126.75% | 44.6% |
| Nbr of stocks (in thousands) | 3,481,446 | 3,791,158 | 4,028,245 | 4,016,351 | 4,010,093 | 4,038,104 | 4,038,104 | 4,038,104 |
| Announcement Date | 2/28/20 | 3/10/21 | 3/10/22 | 3/28/23 | 4/25/24 | - | - | - |
1CNY
Estimates
| 2024 * | 2025 * | |
|---|---|---|
| P/E ratio | -5.46x | 20.4x |
| PBR | 1.25x | 1.11x |
| EV / Sales | 2.27x | 1.54x |
| Yield | - | 0.72% |
More valuation ratios
* Estimated data
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
10.18CNY
Average target price
10.02CNY
Spread / Average Target
-1.54%
Quarterly revenue - Rate of surprise
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- Financials TCL Zhonghuan Renewable Energy Technology Co.,Ltd.