Company Valuation: TCL Technology Group Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 95,335 83,782 62,020 78,859 92,247 92,847 92,847 -
Change - -12.12% -25.97% 27.15% 16.98% 0.65% 0% -
Enterprise Value (EV) 1 190,950 175,082 178,425 216,816 236,961 206,829 199,194 194,102
Change - -8.31% 1.91% 21.52% 9.29% -12.72% -3.69% -2.56%
P/E ratio 21.9x 8.26x 201x 36.5x 60.4x 21.3x 11.8x 10.9x
PBR 2.93x 2.02x 1.25x 1.53x 1.78x 1.67x 1.47x 1.47x
PEG - 0x -2.1x 0x -2.1x 0x 0.1x 1.41x
Capitalization / Revenue 1.24x 0.51x 0.37x 0.45x 0.56x 0.5x 0.45x 0.42x
EV / Revenue 2.49x 1.07x 1.07x 1.24x 1.44x 1.12x 0.96x 0.88x
EV / EBITDA 12x 4.99x 7.83x 7.17x 9.1x 6.74x 5.07x 4.64x
EV / EBIT 35.6x 10.1x 426x 41.8x -57.8x 59.4x 18.8x 14.7x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.1091 0.1364 - 0.08 0.05 0.0897 0.1709 0.224
Rate of return 1.69% 2.43% - 1.86% 0.99% 1.97% 3.75% 4.91%
EPS 2 0.2933 0.6789 0.0168 0.1179 0.0833 0.214 0.3868 0.4167
Distribution rate 37.2% 20.1% - 67.9% 60% 41.9% 44.2% 53.7%
Net sales 1 76,677 163,528 166,553 174,367 164,823 184,719 206,654 220,900
EBITDA 1 15,905 35,055 22,796 30,247 26,043 30,697 39,300 41,789
EBIT 1 5,360 17,372 419 5,184 -4,098 3,483 10,620 13,203
Net income 1 4,388 10,062 261.3 2,215 1,564 4,103 7,405 8,515
Net Debt 1 95,615 91,300 116,405 137,957 144,714 113,982 106,347 101,255
Reference price 2 6.436 5.609 3.382 4.300 5.030 4.560 4.560 4.560
Nbr of stocks (in thousands) 14,812,000 14,936,807 18,339,325 18,339,325 18,339,325 20,361,106 20,361,106 -
Announcement Date 10/03/21 10/03/22 30/03/23 30/04/24 28/04/25 - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
21.3x1.12x6.74x1.97% 13.44B
50.21x6.51x23.57x0.9% 115B
24.93x0.97x4.67x1.54% 22.27B
18.95x5.96x15.73x2.96% 6.94B
-421.95x0.59x4.84x3.42% 5.58B
7.04x0.6x2.93x-.--% 4.02B
38.83x0.59x5.52x2.14% 3.88B
92.2x0.88x6.77x-.--% 3.43B
Average -21.06x 2.15x 8.84x 1.62% 21.76B
Weighted average by Cap. 27.93x 4.79x 17.73x 1.22%

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

  1. Stock Market
  2. Equities
  3. 000100 Stock
  4. Valuation TCL Technology Group Corporation