Financials Tiangong International Company Limited

Equities

826

KYG888311134

Iron & Steel

Market Closed - Hong Kong S.E. 04:08:22 2024-05-10 am EDT 5-day change 1st Jan Change
1.9 HKD 0.00% Intraday chart for Tiangong International Company Limited +6.15% -9.52%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 8,349 8,979 13,332 8,021 5,828 5,220 -
Enterprise Value (EV) 1 10,255 8,979 13,332 8,021 5,828 5,220 5,220
P/E ratio 19.2 x - 15.9 x 13.9 x 14.6 x 7.63 x 5.88 x
Yield 1.83% 2.54% 1.54% 1.44% - 2.84% 3.42%
Capitalization / Revenue 1.42 x 1.45 x 1.88 x 1.38 x 1.04 x 0.74 x 0.69 x
EV / Revenue 1.42 x 1.45 x 1.88 x 1.38 x 1.04 x 0.74 x 0.69 x
EV / EBITDA 9.23 x 7.49 x 9.31 x 7.37 x 5.3 x 3.61 x 2.93 x
EV / FCF - 9,004,303 x 126,751,151 x - - - -
FCF Yield - 0% 0% - - - -
Price to Book 1.5 x 1.37 x 1.59 x 1.02 x - 0.64 x 0.58 x
Nbr of stocks (in thousands) 2,569,050 2,595,000 2,795,000 2,785,000 2,775,000 2,747,398 -
Reference price 2 3.250 3.460 4.770 2.880 2.100 1.900 1.900
Announcement Date 3/20/20 3/29/21 3/30/22 3/24/23 3/25/24 - -
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 5,870 6,176 7,084 5,791 5,600 7,096 7,611
EBITDA 1 904.2 1,199 1,431 1,089 1,099 1,446 1,784
EBIT 1 642.3 884.6 1,062 708.1 679.7 1,051 1,369
Operating Margin 10.94% 14.32% 14.99% 12.23% 12.14% 14.81% 17.99%
Earnings before Tax (EBT) 1 - - 926.8 593.6 504.9 866 1,166
Net income 1 - - 819.2 575.6 401.5 675.7 880.9
Net margin - - 11.56% 9.94% 7.17% 9.52% 11.57%
EPS 2 0.1694 - 0.3009 0.2069 0.1443 0.2490 0.3230
Free Cash Flow - 997.2 105.2 - - - -
FCF margin - 16.14% 1.48% - - - -
FCF Conversion (EBITDA) - 83.15% 7.35% - - - -
FCF Conversion (Net income) - - 12.84% - - - -
Dividend per Share 2 0.0596 0.0878 0.0732 0.0414 - 0.0540 0.0650
Announcement Date 3/20/20 3/29/21 3/30/22 3/24/23 3/25/24 - -
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1,906 - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) 2.108 x - - - - - -
Free Cash Flow - 997 105 - - - -
ROE (net income / shareholders' equity) 8.14% 10.2% 11% 7.47% 5.32% 8.7% 10.4%
ROA (Net income/ Total Assets) 3.9% 5.02% 5.59% 3.88% - 4.5% 5.5%
Assets 1 - - 14,650 14,818 - 15,016 16,016
Book Value Per Share 2 2.170 2.520 3.000 2.810 - 2.980 3.260
Cash Flow per Share 2 0.1700 0.6100 0.2400 0.1200 - 0.0400 0.3000
Capex 1 295 - 537 563 - 510 347
Capex / Sales 5.02% - 7.58% 9.72% - 7.19% 4.57%
Announcement Date 3/20/20 3/29/21 3/30/22 3/24/23 3/25/24 - -
1HKD in Million2HKD
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
1.9 HKD
Average target price
2.51 HKD
Spread / Average Target
+32.11%
Consensus

Annual profits - Rate of surprise

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