Financials Tianjin Saixiang Technology Co.,Ltd

Equities

002337

CNE100000K98

Industrial Machinery & Equipment

End-of-day quote Shenzhen S.E. 23:00:00 09/05/2024 BST 5-day change 1st Jan Change
4.39 CNY -1.79% Intraday chart for Tianjin Saixiang Technology Co.,Ltd -3.30% -22.71%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,213 2,131 1,901 2,554 2,594 3,297
Enterprise Value (EV) 1 1,820 1,641 1,390 2,123 1,964 2,670
P/E ratio 376 x 181 x -19 x 73.3 x 49.7 x 51.6 x
Yield - 0.55% - - - 0.58%
Capitalization / Revenue 4.87 x 4.01 x 5.27 x 3.48 x 5.39 x 4.87 x
EV / Revenue 4.01 x 3.09 x 3.85 x 2.9 x 4.08 x 3.94 x
EV / EBITDA 41.2 x 201 x -12.4 x 50.5 x 136 x 43.2 x
EV / FCF 81.9 x 5.9 x 24.7 x -26.4 x 17 x -92 x
FCF Yield 1.22% 17% 4.05% -3.79% 5.87% -1.09%
Price to Book 1.82 x 1.75 x 1.72 x 2.28 x 2.21 x 2.66 x
Nbr of stocks (in thousands) 588,616 588,616 588,616 580,401 580,401 580,401
Reference price 2 3.760 3.620 3.230 4.400 4.470 5.680
Announcement Date 26/04/19 10/04/20 27/04/21 18/04/22 25/04/23 24/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 454.3 531.3 361 733.1 481.2 677.5
EBITDA 1 44.15 8.153 -112 42.04 14.39 61.75
EBIT 1 24.98 -8.383 -127.4 26.74 -1.903 46.13
Operating Margin 5.5% -1.58% -35.27% 3.65% -0.4% 6.81%
Earnings before Tax (EBT) 1 14.09 11.52 -107.2 51.79 50.3 66.4
Net income 1 7.409 10.89 -101.9 37.16 51.53 63.24
Net margin 1.63% 2.05% -28.21% 5.07% 10.71% 9.33%
EPS 2 0.0100 0.0200 -0.1700 0.0600 0.0900 0.1100
Free Cash Flow 1 22.22 278.4 56.36 -80.55 115.4 -29.01
FCF margin 4.89% 52.39% 15.61% -10.99% 23.98% -4.28%
FCF Conversion (EBITDA) 50.33% 3,414.14% - - 801.54% -
FCF Conversion (Net income) 299.95% 2,555.49% - - 223.93% -
Dividend per Share - 0.0200 - - - 0.0330
Announcement Date 26/04/19 10/04/20 27/04/21 18/04/22 25/04/23 24/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 394 489 511 431 630 627
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 22.2 278 56.4 -80.5 115 -29
ROE (net income / shareholders' equity) 0.7% 0.6% -8.75% 3.41% 4.41% 4.92%
ROA (Net income/ Total Assets) 0.98% -0.34% -5.03% 1.05% -0.07% 1.53%
Assets 1 755.7 -3,227 2,026 3,538 -74,031 4,123
Book Value Per Share 2 2.060 2.070 1.880 1.930 2.020 2.130
Cash Flow per Share 2 0.2400 0.3300 0.4600 0.4700 0.6100 0.9400
Capex 1 5.28 4.89 1.76 4.69 0.79 1.63
Capex / Sales 1.16% 0.92% 0.49% 0.64% 0.16% 0.24%
Announcement Date 26/04/19 10/04/20 27/04/21 18/04/22 25/04/23 24/04/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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