ZHUZHOU CRRC TIMES ELECTRIC CO., LTD. Financials Zhuzhou CRRC Times Electric Co., Ltd.
Equities
3898
CNE1000004X4
Heavy Electrical Equipment
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 30.15 HKD | +3.08% |
|
+1.86% | +35.20% |
| Apr. 26 | Zhuzhou CRRC Times Electric's Q1 Profit Jumps 44% | MT |
| Apr. 25 | Zhuzhou CRRC Times Electric Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 29,624 | 33,440 | 91,398 | 66,074 | 42,703 | 58,590 | - | - |
| Enterprise Value (EV) 1 | 20,864 | 29,189 | 84,075 | 59,476 | 36,326 | 52,725 | 52,676 | 53,150 |
| P/E ratio | 11.2 x | 13.5 x | 22.6 x | 19 x | 9.26 x | 10.9 x | 9.63 x | 8.33 x |
| Yield | 1.79% | - | 2.45% | 1.61% | 3.85% | 3.33% | 3.28% | 3.97% |
| Capitalization / Revenue | 1.82 x | 2.09 x | 6.04 x | 3.66 x | 1.98 x | 2.27 x | 1.95 x | 1.7 x |
| EV / Revenue | 1.28 x | 1.82 x | 5.56 x | 3.3 x | 1.68 x | 2.04 x | 1.75 x | 1.54 x |
| EV / EBITDA | 6.17 x | 8.83 x | 31.8 x | 16.3 x | 8.67 x | 12.7 x | 10 x | 8.79 x |
| EV / FCF | 19,186,451 x | -270,264,668 x | 71,310,500 x | 53,572,307 x | -190,215,841 x | - | 55,624,051 x | 26,561,599 x |
| FCF Yield | 0% | -0% | 0% | 0% | -0% | - | 0% | 0% |
| Price to Book | 1.35 x | 1.4 x | 1.6 x | 1.4 x | 0.78 x | 1.01 x | 0.91 x | 0.84 x |
| Nbr of stocks (in thousands) | 1,175,477 | 1,175,477 | 1,416,237 | 1,416,237 | 1,416,237 | 1,411,540 | - | - |
| Reference price 2 | 25.20 | 28.45 | 36.79 | 34.22 | 20.27 | 27.91 | 27.91 | 27.91 |
| Announcement Date | 3/27/20 | 3/30/21 | 2/25/22 | 2/27/23 | 2/23/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 16,304 | 16,034 | 15,121 | 18,034 | 21,613 | 25,856 | 30,121 | 34,420 |
| EBITDA 1 | 3,381 | 3,304 | 2,643 | 3,656 | 4,188 | 4,165 | 5,256 | 6,044 |
| EBIT 1 | 2,901 | 2,778 | 2,101 | 2,931 | 3,331 | 3,173 | 4,240 | 4,842 |
| Operating Margin | 17.79% | 17.32% | 13.9% | 16.25% | 15.41% | 12.27% | 14.08% | 14.07% |
| Earnings before Tax (EBT) 1 | 2,933 | 2,837 | 2,123 | 2,942 | 3,373 | 4,062 | 4,522 | 5,170 |
| Net income 1 | 2,659 | 2,475 | 2,018 | 2,556 | 3,106 | 3,604 | 4,090 | 4,649 |
| Net margin | 16.31% | 15.44% | 13.34% | 14.17% | 14.37% | 13.94% | 13.58% | 13.51% |
| EPS 2 | 2.260 | 2.110 | 1.630 | 1.800 | 2.190 | 2.563 | 2.899 | 3.349 |
| Free Cash Flow | 1,087 | -108 | 1,179 | 1,110 | -191 | - | 947 | 2,001 |
| FCF margin | 6.67% | -0.67% | 7.8% | 6.16% | -0.88% | - | 3.14% | 5.81% |
| FCF Conversion (EBITDA) | 32.17% | - | 44.6% | 30.36% | - | - | 18.02% | 33.11% |
| FCF Conversion (Net income) | 40.89% | - | 58.43% | 43.44% | - | - | 23.15% | 43.04% |
| Dividend per Share 2 | 0.4500 | - | 0.9000 | 0.5500 | 0.7800 | 0.9305 | 0.9148 | 1.107 |
| Announcement Date | 3/27/20 | 3/30/21 | 2/25/22 | 2/27/23 | 2/23/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 6,595 | 2,545 | 3,982 | - | 4,349 | 7,158 | 3,085 | 5,485 | 5,525 | 7,518 | 13,043 | 3,925 | 6,033 | 6,354 | 9,173 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | 793.1 | 380.8 | 614.7 | - | 833.8 | 1,102 | 467.8 | 577.8 | 1,025 | 1,095 | - | 616 | 687.8 | 921.3 | 1,080 |
| Operating Margin | - | 12.03% | 14.96% | 15.43% | - | 19.17% | 15.4% | 15.16% | 10.54% | 18.55% | 14.57% | - | 15.7% | 11.4% | 14.5% | 11.78% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | 688.2 | - | - | 530 | 871 | - | 993.2 | - | - | - | 1,053 | 1,952 | - | - | - | - |
| Net margin | - | - | - | 13.31% | - | - | 13.87% | - | - | - | 14% | 14.96% | - | - | - | - |
| EPS 2 | 0.5900 | 0.6100 | 0.2400 | 0.3700 | - | 0.4900 | 0.7000 | 0.3100 | 0.5000 | 0.6400 | 0.7400 | - | 0.4000 | 0.5600 | 0.7467 | 0.8633 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/26/20 | 2/25/22 | 4/26/22 | 8/26/22 | 8/26/22 | 10/16/22 | 2/27/23 | 4/28/23 | 8/22/23 | 10/26/23 | 2/23/24 | 2/23/24 | 4/25/24 | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 8,760 | 4,251 | 7,323 | 6,597 | 6,377 | 5,865 | 5,914 | 5,440 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | 1,087 | -108 | 1,179 | 1,110 | -191 | - | 947 | 2,001 |
| ROE (net income / shareholders' equity) | 12.7% | 10.8% | 7.15% | 7.61% | 8.7% | 9.65% | 9.8% | 10.3% |
| ROA (Net income/ Total Assets) | 8.58% | 7.41% | 5.17% | 5.52% | 6.09% | 5.2% | 6.51% | 6.96% |
| Assets 1 | 31,010 | 33,407 | 39,008 | 46,330 | 50,957 | 69,316 | 62,846 | 66,760 |
| Book Value Per Share 2 | 18.60 | 20.30 | 23.00 | 24.40 | 26.00 | 27.60 | 30.70 | 33.20 |
| Cash Flow per Share 2 | 1.560 | 1.490 | 1.740 | 1.440 | 1.960 | 3.910 | 7.950 | 4.690 |
| Capex 1 | 751 | 1,842 | 971 | 931 | 2,973 | 3,553 | 2,112 | 2,129 |
| Capex / Sales | 4.6% | 11.49% | 6.42% | 5.16% | 13.76% | 13.74% | 7.01% | 6.19% |
| Announcement Date | 3/27/20 | 3/30/21 | 2/25/22 | 2/27/23 | 2/23/24 | - | - | - |
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
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
19
Last Close Price
27.91
CNY
Average target price
33.86
CNY
Spread / Average Target
+21.32%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +35.20% | 8.09B | |
| +20.48% | 90.86B | |
| +42.83% | 24.55B | |
| +37.12% | 16.28B | |
| +22.71% | 10.21B | |
| +4.91% | 8.52B | |
| +1.95% | 7.54B | |
| +161.16% | 6.83B | |
| +51.72% | 5.29B | |
| +157.81% | 4.88B |
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