Financials Tsaker New Energy Tech Co., Limited

Equities

1986

KYG910801045

Specialty Chemicals

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
0.81 HKD 0.00% Intraday chart for Tsaker New Energy Tech Co., Limited +1.25% -20.59%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 5,086 1,698 1,243 1,065 1,149 924
Enterprise Value (EV) 1 5,613 1,915 1,494 1,173 1,256 941.6
P/E ratio 22.9 x 3.28 x 8.6 x 4.74 x 4.8 x 32.2 x
Yield 1.31% 5.63% 3.99% 10.3% 8.34% 7.23%
Capitalization / Revenue 3.36 x 0.93 x 0.98 x 0.6 x 0.54 x 0.45 x
EV / Revenue 3.7 x 1.05 x 1.17 x 0.66 x 0.59 x 0.46 x
EV / EBITDA 13.7 x 2.19 x 4.7 x 2.68 x 2.59 x 3.76 x
EV / FCF -17.2 x 5.63 x 6.3 x 9.15 x 6.06 x 41.3 x
FCF Yield -5.82% 17.8% 15.9% 10.9% 16.5% 2.42%
Price to Book 3.86 x 0.96 x 0.74 x 0.56 x 0.57 x 0.49 x
Nbr of stocks (in thousands) 1,041,846 1,038,396 1,033,104 1,021,228 1,008,413 996,712
Reference price 2 4.882 1.635 1.204 1.043 1.139 0.9271
Announcement Date 4/23/19 4/20/20 4/9/21 4/14/22 4/17/23 4/9/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,516 1,818 1,275 1,781 2,122 2,065
EBITDA 1 409.2 876.1 318.2 438.1 485.7 250.4
EBIT 1 343.3 807.7 225.6 338.2 384 96.12
Operating Margin 22.65% 44.42% 17.69% 18.99% 18.09% 4.65%
Earnings before Tax (EBT) 1 308.9 709.6 177.3 307.6 334.7 59.6
Net income 1 222.9 517.9 144.9 226.2 242 29.06
Net margin 14.7% 28.48% 11.36% 12.7% 11.4% 1.41%
EPS 2 0.2135 0.4984 0.1399 0.2201 0.2375 0.0288
Free Cash Flow 1 -326.6 340.5 237.3 128.2 207.2 22.77
FCF margin -21.54% 18.72% 18.61% 7.2% 9.76% 1.1%
FCF Conversion (EBITDA) - 38.86% 74.57% 29.25% 42.66% 9.1%
FCF Conversion (Net income) - 65.74% 163.8% 56.64% 85.6% 78.36%
Dividend per Share 2 0.0640 0.0920 0.0480 0.1070 0.0950 0.0670
Announcement Date 4/23/19 4/20/20 4/9/21 4/14/22 4/17/23 4/9/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 527 217 251 108 107 17.5
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.288 x 0.2477 x 0.7885 x 0.2457 x 0.2205 x 0.07 x
Free Cash Flow 1 -327 340 237 128 207 22.8
ROE (net income / shareholders' equity) 18.1% 33.6% 8.39% 12.7% 12.7% 2.18%
ROA (Net income/ Total Assets) 9% 19.8% 5.73% 8.61% 8.33% 1.81%
Assets 1 2,475 2,611 2,530 2,628 2,907 1,608
Book Value Per Share 2 1.260 1.700 1.630 1.850 2.000 1.890
Cash Flow per Share 2 0.1200 0.1000 0.1000 0.1800 0.1900 0.2900
Capex 1 464 153 20.8 64.1 279 72.4
Capex / Sales 30.64% 8.44% 1.63% 3.6% 13.16% 3.51%
Announcement Date 4/23/19 4/20/20 4/9/21 4/14/22 4/17/23 4/9/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Chiffre d''affaires - Rate of surprise

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