CHINA TIANBAO GROUP DEVELOPMENT COMPANY LIMITED Financials China Tianbao Group Development Company Limited
Equities
1427
KYG8442D1034
Construction & Engineering
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.2 HKD | +3.63% |
|
+10.50% | -2.44% |
| 04-23 | China Tianbao Group Returns to Profit in 2023 | MT |
| 03-28 | China Tianbao Group Development Company Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Capitalization 1 | 1,794 | 2,228 | 2,599 | 225.2 | 150.8 |
| Enterprise Value (EV) 1 | 2,107 | 2,497 | 3,079 | 829.4 | 945.2 |
| P/E ratio | 1.01 x | 6.59 x | 60.6 x | -0.65 x | 13.7 x |
| Yield | - | 1.53% | - | - | - |
| Capitalization / Revenue | 0.67 x | 0.66 x | 0.9 x | 0.12 x | 0.06 x |
| EV / Revenue | 0.79 x | 0.74 x | 1.06 x | 0.43 x | 0.35 x |
| EV / EBITDA | 3.63 x | 4.61 x | 21.9 x | -7.75 x | 7.21 x |
| EV / FCF | 1.35 x | 16.2 x | -17.9 x | 72.8 x | 1.18 x |
| FCF Yield | 74.1% | 6.17% | -5.57% | 1.37% | 84.6% |
| Price to Book | 1.65 x | 1.69 x | 1.93 x | 0.23 x | 0.15 x |
| Nbr of stocks (in thousands) | 809,456 | 809,456 | 809,456 | 809,456 | 809,456 |
| Reference price 2 | 2.216 | 2.752 | 3.210 | 0.2782 | 0.1863 |
| Announcement Date | 22/04/20 | 22/04/21 | 25/04/22 | 25/04/23 | 23/04/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,602 | 2,660 | 3,369 | 2,900 | 1,924 | 2,717 |
| EBITDA 1 | 155.2 | 580.9 | 541.4 | 140.9 | -107.1 | 131 |
| EBIT 1 | 151.8 | 575.7 | 534.9 | 132.7 | -115.6 | 124.5 |
| Operating Margin | 9.48% | 21.64% | 15.88% | 4.58% | -6.01% | 4.58% |
| Earnings before Tax (EBT) 1 | 181.7 | 570 | 540.3 | 48.8 | -366.1 | 44.28 |
| Net income 1 | 108.2 | 317.7 | 331.7 | 41.81 | -347.3 | 10.99 |
| Net margin | 6.76% | 11.94% | 9.84% | 1.44% | -18.05% | 0.4% |
| EPS 2 | 0.1803 | 2.196 | 0.4175 | 0.0529 | -0.4297 | 0.0136 |
| Free Cash Flow 1 | -1,243 | 1,561 | 154 | -171.5 | 11.4 | 799.5 |
| FCF margin | -77.62% | 58.67% | 4.57% | -5.92% | 0.59% | 29.43% |
| FCF Conversion (EBITDA) | - | 268.66% | 28.45% | - | - | 610.08% |
| FCF Conversion (Net income) | - | 491.23% | 46.43% | - | - | 7,274.83% |
| Dividend per Share | - | - | 0.0421 | - | - | - |
| Announcement Date | 07/05/19 | 22/04/20 | 22/04/21 | 25/04/22 | 25/04/23 | 23/04/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 687 | 313 | 269 | 480 | 604 | 794 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.424 x | 0.5384 x | 0.4968 x | 3.409 x | -5.643 x | 6.062 x |
| Free Cash Flow 1 | -1,243 | 1,561 | 154 | -172 | 11.4 | 800 |
| ROE (net income / shareholders' equity) | 8.3% | 23% | 27.6% | 3.14% | -29.6% | 1.09% |
| ROA (Net income/ Total Assets) | 1.73% | 5.77% | 5.31% | 1.24% | -1.09% | 1.26% |
| Assets 1 | 6,268 | 5,510 | 6,242 | 3,378 | 31,756 | 871.6 |
| Book Value Per Share 2 | 2.800 | 1.340 | 1.630 | 1.660 | 1.240 | 1.250 |
| Cash Flow per Share 2 | 0.1600 | 0.4000 | 0.2300 | 0.3100 | 0.2800 | 0.2300 |
| Capex 1 | 23.9 | 59.8 | 14.1 | 4.23 | 0.25 | 1.7 |
| Capex / Sales | 1.49% | 2.25% | 0.42% | 0.15% | 0.01% | 0.06% |
| Announcement Date | 07/05/19 | 22/04/20 | 22/04/21 | 25/04/22 | 25/04/23 | 23/04/24 |
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. | |
|---|---|---|
| -2.44% | 20.73M | |
| -13.47% | 60.37B | |
| +0.63% | 58.53B | |
| +17.74% | 37.2B | |
| +10.40% | 30.41B | |
| +9.81% | 28.4B | |
| +14.79% | 20.75B | |
| +14.69% | 19.41B | |
| +33.62% | 17.22B | |
| +69.47% | 17.16B |
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