Financials Triangle Tyre Co.,Ltd

Equities

601163

CNE100002GN1

Tires & Rubber Products

End-of-day quote Shanghai S.E. 23:00:00 05/05/2024 BST 5-day change 1st Jan Change
17.63 CNY +2.56% Intraday chart for Triangle Tyre Co.,Ltd -3.77% +22.35%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 12,240 12,856 10,968 9,768 11,528 14,104 - -
Enterprise Value (EV) 1 12,240 12,856 10,968 9,768 11,528 14,104 14,104 14,104
P/E ratio 14.4 x - 18.3 x 13.3 x 8.23 x 9.82 x 8.9 x 7.89 x
Yield - - - 2.29% 4.65% - - -
Capitalization / Revenue 1.54 x 1.51 x - 1.06 x 1.11 x 1.35 x 1.29 x 1.26 x
EV / Revenue 1.54 x 1.51 x - 1.06 x 1.11 x 1.35 x 1.29 x 1.26 x
EV / EBITDA - - - 7.71 x 5.71 x 7.4 x 6.89 x 6.3 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book - - - 0.84 x 0.9 x 1 x 0.92 x 0.84 x
Nbr of stocks (in thousands) 800,000 800,000 800,000 800,000 800,000 800,000 - -
Reference price 2 15.30 16.07 13.71 12.21 14.41 17.63 17.63 17.63
Announcement Date 22/04/20 21/04/21 26/04/22 26/04/23 26/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 7,941 8,535 - 9,220 10,422 10,448 10,962 11,170
EBITDA 1 - - - 1,267 2,018 1,906 2,048 2,240
EBIT 1 - - - 833 1,615 1,654 1,824 2,058
Operating Margin - - - 9.04% 15.5% 15.83% 16.63% 18.42%
Earnings before Tax (EBT) 1 - - - 832.4 1,612 1,652 1,822 2,056
Net income 1 - 1,060 600.4 737.6 1,396 1,438 1,583 1,788
Net margin - 12.42% - 8% 13.4% 13.77% 14.44% 16.01%
EPS 2 1.060 - 0.7500 0.9200 1.750 1.795 1.980 2.235
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - - 0.2800 0.6700 - - -
Announcement Date 22/04/20 21/04/21 26/04/22 26/04/23 26/04/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) - - - 6.46% 11.4% 10.3% 10.4% 10.6%
ROA (Net income/ Total Assets) - - - 4.28% - 7.25% 7.25% 7.65%
Assets 1 - - - 17,216 - 19,841 21,834 23,379
Book Value Per Share 2 - - - 14.60 16.10 17.60 19.20 21.00
Cash Flow per Share 2 - - - 1.860 2.250 1.740 2.500 2.600
Capex 1 - - - 79 107 117 111 100
Capex / Sales - - - 0.86% 1.03% 1.12% 1.01% 0.9%
Announcement Date 22/04/20 21/04/21 26/04/22 26/04/23 26/04/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
17.63 CNY
Average target price
20.54 CNY
Spread / Average Target
+16.51%
Consensus

Annual profits - Rate of surprise

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