Financials Tech-Bank Food Co., Ltd.

Equities

002124

CNE100000056

Fishing & Farming

End-of-day quote Shenzhen S.E. 23:00:00 28/04/2024 BST 5-day change 1st Jan Change
2.71 CNY +3.04% Intraday chart for Tech-Bank Food Co., Ltd. +0.37% -25.34%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 14,553 19,180 11,844 11,237 6,676 6,021 - -
Enterprise Value (EV) 1 14,553 19,446 14,903 15,201 10,123 9,016 7,713 6,021
P/E ratio 139 x 5.45 x -2.65 x 22.6 x -2.31 x 7.25 x 13.7 x -
Yield - 4.11% - - - 19.9% - -
Capitalization / Revenue 2.42 x 1.78 x 1.13 x 1.17 x 0.65 x 0.77 x 0.61 x 0.98 x
EV / Revenue 2.42 x 1.81 x 1.42 x 1.59 x 0.99 x 1.15 x 0.78 x 0.98 x
EV / EBITDA 23.5 x 4.74 x -4.95 x 10.6 x -5.75 x 11.1 x 4.62 x 4.36 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 5.05 x 2.19 x 3.43 x 2.87 x 3.01 x 1.78 x 4.85 x 4.37 x
Nbr of stocks (in thousands) 1,623,479 1,839,193 1,839,193 1,839,193 1,839,193 2,221,934 - -
Reference price 2 8.964 10.43 6.440 6.110 3.630 2.710 2.710 2.710
Announcement Date 28/02/20 14/04/21 27/04/22 28/04/23 29/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 6,007 10,764 10,507 9,571 10,232 7,868 9,904 6,168
EBITDA 1 620.2 4,105 -3,009 1,434 -1,762 810.4 1,669 1,382
EBIT 1 228.2 3,348 -4,098 510.5 -2,853 345.5 867.8 -53.41
Operating Margin 3.8% 31.1% -39.01% 5.33% -27.88% 4.39% 8.76% -0.87%
Earnings before Tax (EBT) 1 126.5 3,252 -4,399 476.4 -2,888 -821.9 438.1 2.79
Net income 1 100.4 3,245 -4,462 489.5 -2,883 -844.1 438.1 2.85
Net margin 1.67% 30.15% -42.47% 5.11% -28.18% -10.73% 4.42% 0.05%
EPS 2 0.0643 1.914 -2.430 0.2700 -1.570 0.3739 0.1972 -
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - 0.4286 - - - 0.5400 - -
Announcement Date 28/02/20 14/04/21 27/04/22 28/04/23 29/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 S1
Net sales -
EBITDA -
EBIT -
Operating Margin -
Earnings before Tax (EBT) -
Net income 1 583.2
Net margin -
EPS 2 0.3171
Dividend per Share -
Announcement Date 28/08/22
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 265 3,058 3,963 3,446 2,995 1,691 -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - 0.0647 x -1.017 x 2.764 x -1.956 x 3.696 x 1.013 x -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 4.13% 60.3% -73.2% 13.3% -116% -42.5% 39.6% 0.21%
ROA (Net income/ Total Assets) - 28.2% - - - - - -
Assets 1 - 11,518 - - - - - -
Book Value Per Share 2 1.780 4.770 1.880 2.130 1.210 1.520 0.5600 0.6200
Cash Flow per Share 2 0.3300 2.420 -0.3000 0.3600 0.1400 -0.7000 1.500 -1.550
Capex 1 1,235 5,054 2,307 1,066 563 1,490 354 -
Capex / Sales 20.56% 46.96% 21.96% 11.14% 5.5% 18.93% 3.57% -
Announcement Date 28/02/20 14/04/21 27/04/22 28/04/23 29/04/24 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
3
Last Close Price
2.71 CNY
Average target price
2.335 CNY
Spread / Average Target
-13.84%
Consensus

Annual profits - Rate of surprise

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