VTRON GROUP CO.,LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.97 CNY | -10.05% |
|
-.--% | -39.20% |
| 2023 | China’s Securities Regulator Opens Probe Into Vtron; Shares Fall 4% | MT |
| 2023 | Vtron Group Co.,Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2023 | CI |
Valuation
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 11,146 | 4,051 | 4,187 | 4,549 | 4,133 | 3,828 |
| Enterprise Value (EV) 1 | 9,888 | 3,260 | 3,449 | 3,146 | 2,660 | 2,231 |
| P/E ratio | 55.5 x | 26.2 x | -3.37 x | 126 x | -10.5 x | 85.4 x |
| Yield | 0.35% | - | - | - | - | - |
| Capitalization / Revenue | 9.8 x | 3.46 x | 3.8 x | 7.1 x | 6 x | 7.44 x |
| EV / Revenue | 8.69 x | 2.79 x | 3.13 x | 4.91 x | 3.86 x | 4.34 x |
| EV / EBITDA | 44.3 x | 17.2 x | 41.7 x | -24.5 x | 51.9 x | 591 x |
| EV / FCF | 57.7 x | -15.9 x | -5.98 x | 8.44 x | 8.89 x | 110 x |
| FCF Yield | 1.73% | -6.3% | -16.7% | 11.8% | 11.2% | 0.91% |
| Price to Book | 3.33 x | 1.14 x | 1.81 x | 1.96 x | 2.15 x | 1.06 x |
| Nbr of stocks (in thousands) | 913,594 | 910,357 | 906,215 | 906,215 | 896,516 | 896,516 |
| Reference price 2 | 12.20 | 4.450 | 4.620 | 5.020 | 4.610 | 4.270 |
| Announcement Date | 4/16/18 | 4/17/19 | 4/17/20 | 4/21/21 | 4/27/22 | 4/25/23 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,137 | 1,170 | 1,102 | 640.8 | 688.6 | 514.5 |
| EBITDA 1 | 223.5 | 189.4 | 82.81 | -128.6 | 51.24 | 3.778 |
| EBIT 1 | 181.9 | 148.5 | 41.75 | -142.3 | 38.67 | -7.963 |
| Operating Margin | 15.99% | 12.7% | 3.79% | -22.2% | 5.62% | -1.55% |
| Earnings before Tax (EBT) 1 | 208.6 | 201.2 | -1,199 | 26.1 | -389.9 | 48.23 |
| Net income 1 | 189.9 | 158.4 | -1,231 | 35.8 | -395.8 | 41.93 |
| Net margin | 16.7% | 13.55% | -111.72% | 5.59% | -57.48% | 8.15% |
| EPS 2 | 0.2200 | 0.1700 | -1.370 | 0.0400 | -0.4400 | 0.0500 |
| Free Cash Flow 1 | 171.3 | -205.4 | -576.6 | 372.7 | 299 | 20.21 |
| FCF margin | 15.06% | -17.56% | -52.33% | 58.16% | 43.43% | 3.93% |
| FCF Conversion (EBITDA) | 76.67% | - | - | - | 583.59% | 535.04% |
| FCF Conversion (Net income) | 90.22% | - | - | 1,041.13% | - | 48.21% |
| Dividend per Share 2 | 0.0430 | - | - | - | - | - |
| Announcement Date | 4/16/18 | 4/17/19 | 4/17/20 | 4/21/21 | 4/27/22 | 4/25/23 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 1,257 | 791 | 738 | 1,403 | 1,473 | 1,597 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 171 | -205 | -577 | 373 | 299 | 20.2 |
| ROE (net income / shareholders' equity) | 6.57% | 4.81% | -41.1% | 1.32% | -18.6% | 2.15% |
| ROA (Net income/ Total Assets) | 3.06% | 2.12% | 0.71% | -3.24% | 0.97% | -0.21% |
| Assets 1 | 6,205 | 7,484 | -172,870 | -1,105 | -40,676 | -19,739 |
| Book Value Per Share 2 | 3.660 | 3.910 | 2.550 | 2.560 | 2.150 | 4.020 |
| Cash Flow per Share 2 | 1.260 | 1.270 | 0.4800 | 1.550 | 1.830 | 2.690 |
| Capex 1 | 34.2 | 43.7 | 25.2 | 6.11 | 0.84 | 2.12 |
| Capex / Sales | 3.01% | 3.74% | 2.29% | 0.95% | 0.12% | 0.41% |
| Announcement Date | 4/16/18 | 4/17/19 | 4/17/20 | 4/21/21 | 4/27/22 | 4/25/23 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -39.20% | 244M | |
| +35.84% | 5.03B | |
| -8.93% | 2.42B | |
| +144.71% | 2.01B | |
| +7.05% | 954M | |
| +22.69% | 365M |
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