Financials Changzhou Tronly New Electronic Materials Co., Ltd.

Equities

300429

CNE100001YR7

Specialty Chemicals

End-of-day quote Shenzhen S.E. 23:00:00 29/04/2024 BST 5-day change 1st Jan Change
10.73 CNY +2.39% Intraday chart for Changzhou Tronly New Electronic Materials Co., Ltd. +10.05% -16.56%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 8,461 8,589 7,301 6,235 3,725 6,626
Enterprise Value (EV) 1 8,037 8,286 6,821 6,039 4,381 7,589
P/E ratio 56.7 x 57 x 78.6 x 54.3 x -40.2 x -144 x
Yield 0.48% 0.36% 0.28% 0.37% - -
Capitalization / Revenue 11.4 x 9.94 x 9.4 x 6 x 4.18 x 8.31 x
EV / Revenue 10.9 x 9.59 x 8.78 x 5.81 x 4.92 x 9.52 x
EV / EBITDA 41.6 x 39.7 x 41.9 x 30.7 x 50.4 x 68.5 x
EV / FCF -56.7 x 45.9 x -128 x -38 x -10.3 x -21.3 x
FCF Yield -1.76% 2.18% -0.78% -2.63% -9.72% -4.7%
Price to Book 5.42 x 5.13 x 3.78 x 3.08 x 1.94 x 3.54 x
Nbr of stocks (in thousands) 515,253 515,253 515,253 515,260 515,261 515,261
Reference price 2 16.42 16.67 14.17 12.10 7.230 12.86
Announcement Date 07/04/19 27/04/20 27/04/21 27/04/22 27/04/23 26/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 739.1 863.9 776.5 1,039 891 797.1
EBITDA 1 193 208.7 162.7 196.5 87 110.9
EBIT 1 146.4 157.3 104.9 127.9 -15.22 -6.124
Operating Margin 19.8% 18.21% 13.51% 12.31% -1.71% -0.77%
Earnings before Tax (EBT) 1 160.3 173 103.8 129.8 -105.2 -47.63
Net income 1 146.6 150.6 92.87 114.8 -92.66 -45.88
Net margin 19.83% 17.43% 11.96% 11.06% -10.4% -5.76%
EPS 2 0.2895 0.2923 0.1802 0.2229 -0.1798 -0.0890
Free Cash Flow 1 -141.6 180.5 -53.24 -159 -425.6 -356.4
FCF margin -19.16% 20.89% -6.86% -15.31% -47.77% -44.71%
FCF Conversion (EBITDA) - 86.51% - - - -
FCF Conversion (Net income) - 119.85% - - - -
Dividend per Share 2 0.0789 0.0600 0.0400 0.0450 - -
Announcement Date 07/04/19 27/04/20 27/04/21 27/04/22 27/04/23 26/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - 655 963
Net Cash position 1 424 303 480 196 - -
Leverage (Debt/EBITDA) - - - - 7.533 x 8.686 x
Free Cash Flow 1 -142 181 -53.2 -159 -426 -356
ROE (net income / shareholders' equity) 9.92% 8.73% 4.82% 5.44% -6.23% -2.38%
ROA (Net income/ Total Assets) 5.78% 4.93% 2.56% 2.45% -0.26% -0.1%
Assets 1 2,535 3,052 3,627 4,693 35,246 44,983
Book Value Per Share 2 3.030 3.250 3.750 3.930 3.730 3.630
Cash Flow per Share 2 0.4100 0.3000 1.290 0.9300 0.7200 0.6100
Capex 1 187 219 204 379 499 388
Capex / Sales 25.32% 25.35% 26.21% 36.44% 56.05% 48.67%
Announcement Date 07/04/19 27/04/20 27/04/21 27/04/22 27/04/23 26/04/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

  1. Stock Market
  2. Equities
  3. 300429 Stock
  4. Financials Changzhou Tronly New Electronic Materials Co., Ltd.