CHANGZHOU TIANSHENG NEW MATERIALS GROUP CO., LTD. Financials Changzhou Tiansheng New Materials Group Co., Ltd.
Equities
300169
CNE100000ZF1
Specialty Chemicals
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6.08 CNY | +4.11% |
|
-3.03% | -15.32% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,581 | 1,855 | 2,080 | 2,181 | 1,346 | 2,341 |
| Enterprise Value (EV) 1 | 1,980 | 2,203 | 2,504 | 2,635 | 1,830 | 2,678 |
| P/E ratio | 97 x | -6.39 x | -7.33 x | -13.4 x | -7.12 x | -14.7 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 1.75 x | 2.08 x | 2.33 x | 2.87 x | 2.3 x | 4.08 x |
| EV / Revenue | 2.19 x | 2.47 x | 2.8 x | 3.46 x | 3.13 x | 4.66 x |
| EV / EBITDA | 18.7 x | -38.8 x | -53.3 x | -127 x | -18.8 x | -36.7 x |
| EV / FCF | -30.5 x | 14.9 x | 226 x | 66.4 x | 23.5 x | 12.2 x |
| FCF Yield | -3.28% | 6.72% | 0.44% | 1.51% | 4.26% | 8.21% |
| Price to Book | 1.32 x | 2.05 x | 3.36 x | 4.81 x | 4.97 x | 20.8 x |
| Nbr of stocks (in thousands) | 325,984 | 325,984 | 325,984 | 325,984 | 325,984 | 325,984 |
| Reference price 2 | 4.850 | 5.690 | 6.380 | 6.690 | 4.130 | 7.180 |
| Announcement Date | 4/18/19 | 4/23/20 | 4/26/21 | 4/25/22 | 4/27/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 904.5 | 893.5 | 893.5 | 761 | 584.7 | 574.2 |
| EBITDA 1 | 105.8 | -56.81 | -46.95 | -20.72 | -97.32 | -72.94 |
| EBIT 1 | 64.86 | -94.26 | -95 | -73.26 | -147.5 | -118.7 |
| Operating Margin | 7.17% | -10.55% | -10.63% | -9.63% | -25.23% | -20.67% |
| Earnings before Tax (EBT) 1 | 32.56 | -279.5 | -287.4 | -163.8 | -189.3 | -155 |
| Net income 1 | 16.19 | -288.8 | -284.7 | -164.1 | -187.7 | -160.2 |
| Net margin | 1.79% | -32.32% | -31.86% | -21.56% | -32.11% | -27.9% |
| EPS 2 | 0.0500 | -0.8900 | -0.8700 | -0.5000 | -0.5800 | -0.4900 |
| Free Cash Flow 1 | -64.95 | 147.9 | 11.07 | 39.71 | 77.85 | 219.8 |
| FCF margin | -7.18% | 16.56% | 1.24% | 5.22% | 13.32% | 38.28% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 4/18/19 | 4/23/20 | 4/26/21 | 4/25/22 | 4/27/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 399 | 348 | 424 | 454 | 483 | 337 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.771 x | -6.127 x | -9.034 x | -21.91 x | -4.966 x | -4.623 x |
| Free Cash Flow 1 | -64.9 | 148 | 11.1 | 39.7 | 77.9 | 220 |
| ROE (net income / shareholders' equity) | 1.33% | -27.4% | -37.5% | -30.7% | -52% | -84.2% |
| ROA (Net income/ Total Assets) | 1.96% | -3.03% | -3.34% | -2.76% | -6.24% | -5.88% |
| Assets 1 | 825.6 | 9,538 | 8,516 | 5,946 | 3,006 | 2,726 |
| Book Value Per Share 2 | 3.680 | 2.780 | 1.900 | 1.390 | 0.8300 | 0.3500 |
| Cash Flow per Share 2 | 0.7500 | 0.7700 | 0.3600 | 0.4300 | 0.2800 | 0.5700 |
| Capex 1 | 27.9 | 14.3 | 24.8 | 29.1 | 12.4 | 10.1 |
| Capex / Sales | 3.09% | 1.6% | 2.78% | 3.83% | 2.12% | 1.75% |
| Announcement Date | 4/18/19 | 4/23/20 | 4/26/21 | 4/25/22 | 4/27/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -15.32% | 274M | |
| -10.99% | 3.73B | |
| -8.94% | 3.44B | |
| +1.46% | 483M | |
| +7.64% | 353M | |
| -24.23% | 336M | |
| +0.82% | 307M |
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- Financials Changzhou Tiansheng New Materials Group Co., Ltd.
