Financials Tibet Urban Development and Investment Co.,LTD

Equities

600773

CNE000000MT1

Real Estate Development & Operations

End-of-day quote Shanghai S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
11.67 CNY -3.79% Intraday chart for Tibet Urban Development and Investment Co.,LTD +1.83% +6.48%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 4,918 4,754 5,721 23,164 14,877 8,983
Enterprise Value (EV) 1 9,598 9,700 10,508 28,632 19,630 12,460
P/E ratio 46.2 x 44.6 x 49.9 x 202 x 130 x 137 x
Yield 0.25% 0.26% 0.14% 0.06% 0.1% -
Capitalization / Revenue 4.18 x 3.54 x 3.07 x 9.21 x 6.06 x 3.75 x
EV / Revenue 8.15 x 7.22 x 5.64 x 11.4 x 7.99 x 5.2 x
EV / EBITDA 44.1 x 36.1 x 33.9 x 72.1 x 51.5 x 35.7 x
EV / FCF -13 x 84.6 x 46.8 x -67.4 x 10.3 x 8.18 x
FCF Yield -7.7% 1.18% 2.14% -1.48% 9.7% 12.2%
Price to Book 1.49 x 1.36 x 1.59 x 6.28 x 3.94 x 1.83 x
Nbr of stocks (in thousands) 819,661 819,661 819,661 819,661 819,661 819,661
Reference price 2 6.000 5.800 6.980 28.26 18.15 10.96
Announcement Date 3/30/19 4/24/20 4/23/21 4/22/22 4/28/23 4/29/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,177 1,344 1,864 2,514 2,456 2,395
EBITDA 1 217.5 268.4 309.6 397 381.2 349.1
EBIT 1 193.6 224.8 258.1 347.3 305.5 260.2
Operating Margin 16.45% 16.73% 13.85% 13.81% 12.44% 10.86%
Earnings before Tax (EBT) 1 106.3 168.9 202.1 224.8 153 57.85
Net income 1 104.2 106.4 111.2 118.5 117.2 61.99
Net margin 8.86% 7.92% 5.97% 4.71% 4.77% 2.59%
EPS 2 0.1300 0.1300 0.1400 0.1400 0.1400 0.0800
Free Cash Flow 1 -739.5 114.7 224.4 -424.5 1,905 1,523
FCF margin -62.83% 8.54% 12.04% -16.88% 77.54% 63.6%
FCF Conversion (EBITDA) - 42.74% 72.5% - 499.62% 436.38%
FCF Conversion (Net income) - 107.84% 201.79% - 1,624.53% 2,457.33%
Dividend per Share 2 0.0150 0.0150 0.0100 0.0180 0.0180 -
Announcement Date 3/30/19 4/24/20 4/23/21 4/22/22 4/28/23 4/29/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 4,680 4,946 4,787 5,468 4,754 3,477
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 21.51 x 18.43 x 15.46 x 13.77 x 12.47 x 9.959 x
Free Cash Flow 1 -739 115 224 -425 1,905 1,523
ROE (net income / shareholders' equity) 3% 3.14% 3.02% 3.07% 1.3% -0.11%
ROA (Net income/ Total Assets) 1.06% 1.09% 1.13% 1.49% 1.34% 1.18%
Assets 1 9,879 9,767 9,810 7,941 8,761 5,232
Book Value Per Share 2 4.030 4.250 4.380 4.500 4.610 5.980
Cash Flow per Share 2 0.4500 1.910 1.570 1.040 0.7100 0.8800
Capex 1 193 230 246 32.1 94.2 20.6
Capex / Sales 16.36% 17.12% 13.18% 1.28% 3.84% 0.86%
Announcement Date 3/30/19 4/24/20 4/23/21 4/22/22 4/28/23 4/29/24
1CNY in Million2CNY
Estimates
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