Financials Tianshan Aluminum Group Co.,Ltd

Equities

002532

CNE100000YJ6

Industrial Machinery & Equipment

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
7.56 CNY +1.75% Intraday chart for Tianshan Aluminum Group Co.,Ltd +8.31% +25.79%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 35,215 37,913 35,913 27,819 34,993 - -
Enterprise Value (EV) 1 35,215 37,913 35,913 27,819 34,993 34,993 34,993
P/E ratio 14.8 x 9.94 x 13.5 x 12.5 x 10.3 x 9.22 x 8.48 x
Yield - 2.45% 2.59% - 4.5% 5.29% 5.75%
Capitalization / Revenue 1.28 x 1.32 x 1.09 x 0.96 x 0.98 x 0.93 x 0.9 x
EV / Revenue 1.28 x 1.32 x 1.09 x 0.96 x 0.98 x 0.93 x 0.9 x
EV / EBITDA - - - 6.48 x 5.25 x 4.9 x 4.69 x
EV / FCF - -42.6 x 35.7 x - 9.12 x 6.76 x 6.31 x
FCF Yield - -2.35% 2.8% - 11% 14.8% 15.9%
Price to Book - 1.78 x 1.56 x - 1.34 x 1.24 x 1.15 x
Nbr of stocks (in thousands) 4,651,885 4,651,885 4,651,885 4,628,737 4,628,737 - -
Reference price 2 7.570 8.150 7.720 6.010 7.560 7.560 7.560
Announcement Date 4/7/21 3/23/22 3/17/23 4/8/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 27,460 28,745 33,008 28,975 35,870 37,588 38,946
EBITDA 1 - - - 4,293 6,669 7,148 7,460
EBIT 1 - 4,943 3,364 2,642 4,133 4,599 5,010
Operating Margin - 17.2% 10.19% 9.12% 11.52% 12.24% 12.86%
Earnings before Tax (EBT) 1 - 4,946 3,366 2,652 4,137 4,603 5,014
Net income 1 - 3,833 2,650 2,205 3,417 3,802 4,137
Net margin - 13.33% 8.03% 7.61% 9.52% 10.12% 10.62%
EPS 2 0.5100 0.8200 0.5700 0.4800 0.7340 0.8200 0.8920
Free Cash Flow 1 - -889.7 1,006 - 3,836 5,180 5,548
FCF margin - -3.1% 3.05% - 10.69% 13.78% 14.25%
FCF Conversion (EBITDA) - - - - 57.52% 72.47% 74.37%
FCF Conversion (Net income) - - 37.95% - 112.28% 136.24% 134.11%
Dividend per Share 2 - 0.2000 0.2000 - 0.3400 0.4000 0.4350
Announcement Date 4/7/21 3/23/22 3/17/23 4/8/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - -890 1,006 - 3,836 5,180 5,548
ROE (net income / shareholders' equity) - 18.6% 12% 9.44% 12.7% 13.1% 12.8%
ROA (Net income/ Total Assets) - - - 3.86% 5.5% 5.8% 6.3%
Assets 1 - - - 57,204 62,119 65,554 65,666
Book Value Per Share 2 - 4.570 4.930 - 5.630 6.100 6.580
Cash Flow per Share 2 - - - - 1.730 1.640 1.370
Capex 1 - 2,869 2,151 - 1,830 2,247 2,105
Capex / Sales - 9.98% 6.52% - 5.1% 5.98% 5.4%
Announcement Date 4/7/21 3/23/22 3/17/23 4/8/24 - - -
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+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
7.56
Average target price
-
Consensus

Annual profits - Rate of surprise

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