Financials Tianjin Meiteng Technology Co., Ltd

Equities

688420

CNE100005VC6

Mining Support Services & Equipment

End-of-day quote Shanghai S.E. 06:00:00 2024-05-07 pm EDT 5-day change 1st Jan Change
22.38 CNY -1.54% Intraday chart for Tianjin Meiteng Technology Co., Ltd -0.36% -13.39%

Valuation

Fiscal Period: December 2022 2023
Capitalization 1 3,610 2,285
Enterprise Value (EV) 1 2,494 1,345
P/E ratio 21.7 x 30.8 x
Yield 0.86% 1.16%
Capitalization / Revenue 7.38 x 4.01 x
EV / Revenue 5.1 x 2.36 x
EV / EBITDA 21.6 x 25 x
EV / FCF -542,272,583 x -10,441,454 x
FCF Yield -0% -0%
Price to Book 2.5 x 1.53 x
Nbr of stocks (in thousands) 88,430 88,430
Reference price 2 40.82 25.84
Announcement Date 4/5/23 4/18/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 133.1 261.6 304.7 383.5 489.3 569.9
EBITDA 1 14.97 86.97 104.9 79.95 115.6 53.86
EBIT 1 13.92 85.69 103.5 77.9 113.3 49.65
Operating Margin 10.46% 32.76% 33.98% 20.31% 23.16% 8.71%
Earnings before Tax (EBT) 1 12.79 82.12 101.8 93.99 138.6 77.91
Net income 1 15.26 72.72 90.59 85.94 124.6 74.24
Net margin 11.46% 27.8% 29.73% 22.41% 25.48% 13.02%
EPS 2 0.5100 2.050 1.410 1.300 1.880 0.8400
Free Cash Flow - 29.27 -39.55 -37.51 -4.6 -128.8
FCF margin - 11.19% -12.98% -9.78% -0.94% -22.59%
FCF Conversion (EBITDA) - 33.65% - - - -
FCF Conversion (Net income) - 40.24% - - - -
Dividend per Share - - 0.1500 - 0.3500 0.3000
Announcement Date 6/28/21 6/28/21 6/28/21 11/20/22 4/5/23 4/18/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 26.9 - - - - -
Net Cash position 1 - 16.6 90.1 96.7 1,116 941
Leverage (Debt/EBITDA) 1.8 x - - - - -
Free Cash Flow - 29.3 -39.6 -37.5 -4.6 -129
ROE (net income / shareholders' equity) - 118% 48.2% 29.5% 13.9% 5.06%
ROA (Net income/ Total Assets) - 24.2% 16.9% 8.11% 5.66% 1.72%
Assets 1 - 300 535.3 1,059 2,201 4,327
Book Value Per Share 2 0.8000 2.790 4.180 5.200 16.30 16.80
Cash Flow per Share 2 0.2400 0.1500 1.360 1.560 12.60 10.70
Capex 1 1.74 1.65 9.03 12.3 19.2 30.2
Capex / Sales 1.31% 0.63% 2.97% 3.2% 3.93% 5.3%
Announcement Date 6/28/21 6/28/21 6/28/21 11/20/22 4/5/23 4/18/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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