Financials Taiji Computer Corporation Limited

Equities

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-05-20 pm EDT			5-day change	1st Jan Change
23.29 ^CNY	-0.81%		+6.49%	-21.13%

Apr. 29	Taiji Computer Corporation Limited Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 18	Taiji Computer to Apply for 7.5 Billion Yuan Credit	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	16,065	15,134	15,964	16,306	18,404	14,515	-	-
Enterprise Value (EV) ¹	16,065	15,134	15,964	16,306	18,404	14,515	14,515	14,515
P/E ratio	47.9 x	41 x	42.8 x	43.3 x	48.3 x	28.4 x	21.9 x	17.5 x
Yield	0.63%	0.73%	0.7%	0.68%	0.61%	0.94%	1.43%	1.46%
Capitalization / Revenue	2.27 x	1.77 x	1.52 x	1.54 x	2 x	1.42 x	1.18 x	1.09 x
EV / Revenue	2.27 x	1.77 x	1.52 x	1.54 x	2 x	1.42 x	1.18 x	1.09 x
EV / EBITDA	30.9 x	26.1 x	-	20 x	25.4 x	16.3 x	14.3 x	11.5 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	4.95 x	4.54 x	4.54 x	4.08 x	3.56 x	2.6 x	2.41 x	2.11 x
Nbr of stocks (in thousands)	577,877	579,640	579,653	579,661	623,231	623,231	-	-
Reference price ²	27.80	26.11	27.54	28.13	29.53	23.29	23.29	23.29
Announcement Date	2/27/20	4/9/21	4/14/22	4/6/23	4/17/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	7,063	8,533	10,505	10,601	9,195	10,216	12,297	13,357
EBITDA ¹	519.7	579.6	-	816.3	724.8	890	1,012	1,259
EBIT ¹	378.9	394.4	419.4	436.8	418.9	555	764.1	954.1
Operating Margin	5.36%	4.62%	3.99%	4.12%	4.56%	5.43%	6.21%	7.14%
Earnings before Tax (EBT) ¹	378.9	393.6	419.6	435.5	420.6	551.6	762.5	946.9
Net income ¹	335.4	368.7	373.1	377.7	375.2	510.4	663.3	828.2
Net margin	4.75%	4.32%	3.55%	3.56%	4.08%	5%	5.39%	6.2%
EPS ²	0.5803	0.6373	0.6436	0.6504	0.6110	0.8189	1.062	1.330
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.1743	0.1910	0.1940	0.1920	0.1810	0.2200	0.3325	0.3400
Announcement Date	2/27/20	4/9/21	4/14/22	4/6/23	4/17/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	11.3%	10.9%	10.2%	9.76%	7.77%	8.33%	10.4%	11%
ROA (Net income/ Total Assets)	3.35%	3.05%	2.44%	2.29%	-	2.72%	3.5%	3.79%
Assets ¹	10,002	12,084	15,311	16,481	-	18,741	18,953	21,852
Book Value Per Share ²	5.610	5.750	6.060	6.900	8.300	8.960	9.660	11.00
Cash Flow per Share ²	-0.4900	1.870	1.280	0.2700	-0.8900	1.410	1.390	0.7500
Capex ¹	229	146	325	250	228	340	318	354
Capex / Sales	3.25%	1.71%	3.1%	2.36%	2.48%	3.33%	2.58%	2.65%
Announcement Date	2/27/20	4/9/21	4/14/22	4/6/23	4/17/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

C+

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

23.29 CNY

Average target price

33.46 CNY

Spread / Average Target

+43.65%

	1st Jan change	Capi.
TAIJI COMPUTER CORPORATION LIMITED	-21.13%	2.02B
ACCENTURE PLC	-13.41%	192B
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AUTOMATIC DATA PROCESSING, INC.	+8.19%	103B
CROWDSTRIKE HOLDINGS, INC.	+36.93%	84.35B
RELX PLC	+11.41%	82.24B
INFOSYS LIMITED	-7.05%	71.76B
SNOWFLAKE INC.	-18.15%	55.03B
HCL TECHNOLOGIES LIMITED	-8.47%	43.53B