Company Valuation: TCL Technology Group Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 83,782 62,020 78,859 92,247 92,439 98,955 - -
Change - -25.97% 27.15% 16.98% 0.21% 7.05% - -
Enterprise Value (EV) 1 175,082 178,425 216,816 236,961 224,563 193,362 194,621 175,075
Change - 1.91% 21.52% 9.29% -5.23% -13.89% 0.65% -10.04%
P/E ratio 8.26x 201x 36.5x 60.4x 19.7x 14.9x 11.1x 7.84x
PBR 2.02x 1.25x 1.53x 1.78x 1.54x 1.64x 1.46x 1.19x
PEG - -2.1x 0x -2.1x 0x 0.4x 0.3x 0.2x
Capitalization / Revenue 0.51x 0.37x 0.45x 0.56x 0.5x 0.48x 0.45x 0.41x
EV / Revenue 1.07x 1.07x 1.24x 1.44x 1.22x 0.94x 0.88x 0.73x
EV / EBITDA 4.99x 7.83x 7.17x 9.1x 6.76x 5.32x 4.62x 3.58x
EV / EBIT 10.1x 426x 41.8x -57.8x 460x 31.7x 15.6x 11.7x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.1364 - 0.08 0.05 0.09 0.1751 0.2213 0.2199
Rate of return 2.43% - 1.86% 0.99% 1.98% 3.6% 4.55% 4.52%
EPS 2 0.6789 0.0168 0.1179 0.0833 0.2301 0.3267 0.4394 0.6199
Distribution rate 20.1% - 67.9% 60% 39.1% 53.6% 50.4% 35.5%
Net sales 1 163,528 166,553 174,367 164,823 184,063 204,814 222,201 239,722
EBITDA 1 35,055 22,796 30,247 26,043 33,239 36,336 42,107 48,897
EBIT 1 17,372 419 5,184 -4,098 488.4 6,096 12,482 14,985
Net income 1 10,062 261.3 2,215 1,564 4,517 6,753 9,336 12,862
Net Debt 1 91,300 116,405 137,957 144,714 132,123 94,407 95,666 76,120
Reference price 2 5.609 3.382 4.300 5.030 4.540 4.860 4.860 4.860
Nbr of stocks (in thousands) 14,936,807 18,339,325 18,339,325 18,339,325 20,361,106 20,361,106 - -
Announcement Date 10/03/22 30/03/23 30/04/24 28/04/25 27/03/26 - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.23x0.92x5.2x3.76% 13.98B
69.69x8.85x31.02x0.62% 161B
27.74x1.25x6.23x1.26% 34.17B
127.24x1.18x9.36x4.14% 12.23B
16.01x5.3x14.16x3.43% 7.25B
70.57x0.76x7.54x1.11% 5.83B
11.76x0.68x3.45x-.--% 4.51B
Average 48.18x 2.71x 11.00x 2.05% 34.2B
Weighted average by Cap. 60.71x 6.45x 23.27x 1.16%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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