Financials Zhejiang Taotao Vehicles Co., Ltd.

Equities

301345

CNE100005ZC7

Auto & Truck Manufacturers

End-of-day quote Shenzhen S.E. 06:00:00 2024-05-09 pm EDT 5-day change 1st Jan Change
73.12 CNY -1.72% Intraday chart for Zhejiang Taotao Vehicles Co., Ltd. +1.41% +20.07%

Valuation

Fiscal Period: December 2023 2024 2025 2026
Capitalization 1 6,658 7,968 - -
Enterprise Value (EV) 1 6,658 7,968 7,968 7,968
P/E ratio 22.3 x 22 x 17.7 x 14.4 x
Yield 2.46% 0.57% 0.72% 0.88%
Capitalization / Revenue 3.11 x 2.61 x 2.04 x 1.63 x
EV / Revenue 3.11 x 2.61 x 2.04 x 1.63 x
EV / EBITDA 18.1 x 18 x 14.2 x 11.7 x
EV / FCF - - - -
FCF Yield - - - -
Price to Book 2.26 x 2.48 x 2.24 x 2 x
Nbr of stocks (in thousands) 109,334 108,976 - -
Reference price 2 60.90 73.12 73.12 73.12
Announcement Date 4/21/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2022 2023 2024 2025 2026
Net sales 1 - 2,144 3,050 3,912 4,875
EBITDA 1 - 368.5 443 560 679.5
EBIT 1 - 340.7 434.3 539.7 660.3
Operating Margin - 15.89% 14.24% 13.8% 13.54%
Earnings before Tax (EBT) 1 - 336.6 432 537 657.7
Net income 1 206.3 280.5 363.3 452.3 554.3
Net margin - 13.08% 11.91% 11.56% 11.37%
EPS 2 2.520 2.730 3.323 4.137 5.070
Free Cash Flow - - - - -
FCF margin - - - - -
FCF Conversion (EBITDA) - - - - -
FCF Conversion (Net income) - - - - -
Dividend per Share 2 - 1.500 0.4150 0.5300 0.6400
Announcement Date 4/24/23 4/21/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2022 2023 2024 2025 2026
Net Debt - - - - -
Net Cash position - - - - -
Leverage (Debt/EBITDA) - - - - -
Free Cash Flow - - - - -
ROE (net income / shareholders' equity) - 11.6% 11.3% 12.7% 13.9%
ROA (Net income/ Total Assets) - - 8.67% 9.38% 10.1%
Assets 1 - - 4,193 4,825 5,494
Book Value Per Share 2 - 26.90 29.40 32.70 36.50
Cash Flow per Share 2 - 1.620 -1.070 4.200 0.2700
Capex 1 - - 53 53 53
Capex / Sales - - 1.74% 1.35% 1.09%
Announcement Date 4/24/23 4/21/24 - - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
73.12 CNY
Average target price
89.7 CNY
Spread / Average Target
+22.68%
Consensus

Annual profits - Rate of surprise

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