TAIZHOU WATER GROUP CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.85 HKD | 0.00% |
|
0.00% | +27.23% |
| Jun. 05 | Taizhou Water Group Slashes Water Prices on Government Notice | MT |
| May. 21 | Taizhou Water Group Co., Ltd. Announces Retirement of Guo Dingwen and Ye Xiaofeng as Non-Executive Directors | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Capitalization 1 | 754.3 | 501.6 | 505.2 | 462.8 | 407.2 |
| Enterprise Value (EV) 1 | 1,880 | 2,252 | 3,072 | 3,400 | 3,515 |
| P/E ratio | 6.12 x | 4.87 x | 4.2 x | 8.28 x | -4.85 x |
| Yield | 4.24% | 6.78% | 6.73% | 3.24% | - |
| Capitalization / Revenue | 1.6 x | 1.04 x | 0.97 x | 0.85 x | 0.67 x |
| EV / Revenue | 3.98 x | 4.65 x | 5.91 x | 6.26 x | 5.8 x |
| EV / EBITDA | 9.55 x | 10.9 x | 13.7 x | 15 x | 13.9 x |
| EV / FCF | -8.48 x | -4.45 x | -18.2 x | 30.6 x | -17.1 x |
| FCF Yield | -11.8% | -22.5% | -5.5% | 3.27% | -5.85% |
| Price to Book | 0.99 x | 0.6 x | 0.55 x | 0.49 x | 0.47 x |
| Nbr of stocks (in thousands) | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 |
| Reference price 2 | 3.771 | 2.508 | 2.526 | 2.314 | 2.036 |
| Announcement Date | 4/22/20 | 4/21/21 | 4/7/22 | 4/27/23 | 4/29/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 504.3 | 472.1 | 483.8 | 520.3 | 542.7 | 606.3 |
| EBITDA 1 | 227.1 | 196.8 | 205.7 | 224 | 227.1 | 252.1 |
| EBIT 1 | 160 | 143.7 | 153.9 | 170.7 | 144.4 | 57.48 |
| Operating Margin | 31.74% | 30.43% | 31.82% | 32.81% | 26.6% | 9.48% |
| Earnings before Tax (EBT) 1 | 160.8 | 140.5 | 156.2 | 178.9 | 92.6 | -78.44 |
| Net income 1 | 110.4 | 92.54 | 103.1 | 120.3 | 55.92 | -84 |
| Net margin | 21.9% | 19.6% | 21.3% | 23.12% | 10.31% | -13.85% |
| EPS 2 | 0.7363 | 0.6164 | 0.5153 | 0.6016 | 0.2796 | -0.4200 |
| Free Cash Flow 1 | 138.1 | -221.7 | -506 | -168.9 | 111.2 | -205.6 |
| FCF margin | 27.38% | -46.96% | -104.59% | -32.47% | 20.49% | -33.9% |
| FCF Conversion (EBITDA) | 60.79% | - | - | - | 48.97% | - |
| FCF Conversion (Net income) | 124.99% | - | - | - | 198.85% | - |
| Dividend per Share | - | 0.1600 | 0.1700 | 0.1700 | 0.0750 | - |
| Announcement Date | 12/17/19 | 4/22/20 | 4/21/21 | 4/7/22 | 4/27/23 | 4/29/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 709 | 1,126 | 1,750 | 2,567 | 2,937 | 3,108 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.122 x | 5.72 x | 8.508 x | 11.46 x | 12.93 x | 12.33 x |
| Free Cash Flow 1 | 138 | -222 | -506 | -169 | 111 | -206 |
| ROE (net income / shareholders' equity) | 21.3% | 13.5% | 12.1% | 12.6% | 5.03% | -9.84% |
| ROA (Net income/ Total Assets) | 4.91% | 3.68% | 2.99% | 2.55% | 1.7% | 0.62% |
| Assets 1 | 2,248 | 2,516 | 3,446 | 4,714 | 3,283 | -13,610 |
| Book Value Per Share 2 | 3.460 | 3.820 | 4.180 | 4.620 | 4.720 | 4.360 |
| Cash Flow per Share 2 | 2.100 | 1.320 | 1.150 | 0.9500 | 1.350 | 2.240 |
| Capex 1 | 330 | 504 | 685 | 756 | 380 | 242 |
| Capex / Sales | 65.38% | 106.82% | 141.57% | 145.4% | 70.07% | 39.84% |
| Announcement Date | 12/17/19 | 4/22/20 | 4/21/21 | 4/7/22 | 4/27/23 | 4/29/24 |
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. | |
|---|---|---|
| +27.23% | 72.97M | |
| -2.91% | 24.99B | |
| -17.25% | 3.93B | |
| +59.77% | 3.58B | |
| -.--% | 2.06B | |
| -19.73% | 1.7B | |
| -8.49% | 1.54B | |
| -4.10% | 1.42B | |
| +41.40% | 1.35B | |
| +41.03% | 1.26B |
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