AEOLUS TYRE CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.95 CNY | -1.33% |
|
-3.41% | -3.57% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,985 | 2,733 | 3,900 | 3,640 | 3,421 | 4,501 |
| Enterprise Value (EV) 1 | 3,809 | 4,085 | 4,386 | 4,119 | 3,544 | 4,554 |
| P/E ratio | 118 x | 13.3 x | 15.3 x | -33.3 x | 39.1 x | 12.9 x |
| Yield | 0.57% | 1.02% | 1.12% | 0.4% | 1.07% | - |
| Capitalization / Revenue | 0.32 x | 0.46 x | 0.7 x | 0.65 x | 0.69 x | 0.78 x |
| EV / Revenue | 0.61 x | 0.69 x | 0.79 x | 0.74 x | 0.71 x | 0.79 x |
| EV / EBITDA | 8.03 x | 6.36 x | 7.76 x | 21.1 x | 9.72 x | 6.14 x |
| EV / FCF | 38.5 x | 6.79 x | 12.2 x | -6.87 x | 19.9 x | 21.5 x |
| FCF Yield | 2.6% | 14.7% | 8.19% | -14.6% | 5.03% | 4.66% |
| Price to Book | 0.98 x | 1.31 x | 1.35 x | 1.35 x | 1.16 x | 1.41 x |
| Nbr of stocks (in thousands) | 562,413 | 555,475 | 727,636 | 729,451 | 729,451 | 729,451 |
| Reference price 2 | 3.530 | 4.920 | 5.360 | 4.990 | 4.690 | 6.170 |
| Announcement Date | 4/12/19 | 3/19/20 | 4/29/21 | 4/28/22 | 4/28/23 | 4/24/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 6,219 | 5,914 | 5,579 | 5,558 | 4,988 | 5,739 |
| EBITDA 1 | 474.2 | 642.2 | 564.9 | 195.1 | 364.7 | 741.8 |
| EBIT 1 | 137.9 | 342.2 | 290.7 | -103.1 | 92.13 | 481.6 |
| Operating Margin | 2.22% | 5.79% | 5.21% | -1.85% | 1.85% | 8.39% |
| Earnings before Tax (EBT) 1 | 60.26 | 252.9 | 237.6 | -131.1 | 108.4 | 415.2 |
| Net income 1 | 18.27 | 206.2 | 201.1 | -109 | 84.52 | 348.9 |
| Net margin | 0.29% | 3.49% | 3.6% | -1.96% | 1.69% | 6.08% |
| EPS 2 | 0.0300 | 0.3700 | 0.3500 | -0.1500 | 0.1200 | 0.4800 |
| Free Cash Flow 1 | 98.96 | 602 | 359 | -599.9 | 178.1 | 212.3 |
| FCF margin | 1.59% | 10.18% | 6.44% | -10.79% | 3.57% | 3.7% |
| FCF Conversion (EBITDA) | 20.87% | 93.74% | 63.55% | - | 48.83% | 28.61% |
| FCF Conversion (Net income) | 541.6% | 291.92% | 178.53% | - | 210.72% | 60.84% |
| Dividend per Share 2 | 0.0200 | 0.0500 | 0.0600 | 0.0200 | 0.0500 | - |
| Announcement Date | 4/12/19 | 3/19/20 | 4/29/21 | 4/28/22 | 4/28/23 | 4/24/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 1,824 | 1,352 | 486 | 479 | 123 | 53 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.847 x | 2.105 x | 0.8602 x | 2.457 x | 0.337 x | 0.0714 x |
| Free Cash Flow 1 | 99 | 602 | 359 | -600 | 178 | 212 |
| ROE (net income / shareholders' equity) | 0.93% | 10% | 8.06% | -3.91% | 3% | 11.3% |
| ROA (Net income/ Total Assets) | 1.18% | 2.97% | 2.47% | -0.86% | 0.78% | 4.18% |
| Assets 1 | 1,544 | 6,945 | 8,153 | 12,708 | 10,815 | 8,354 |
| Book Value Per Share 2 | 3.590 | 3.760 | 3.970 | 3.690 | 4.030 | 4.380 |
| Cash Flow per Share 2 | 1.540 | 1.690 | 1.510 | 1.570 | 1.990 | 1.680 |
| Capex 1 | 58.7 | 71.1 | 71.5 | 92.8 | 67.6 | 282 |
| Capex / Sales | 0.94% | 1.2% | 1.28% | 1.67% | 1.35% | 4.91% |
| Announcement Date | 4/12/19 | 3/19/20 | 4/29/21 | 4/28/22 | 4/28/23 | 4/24/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -3.57% | 600M | |
| +2.65% | 6.76B | |
| +21.13% | 6.38B | |
| -5.46% | 5.62B | |
| +5.01% | 4.69B | |
| +16.48% | 4.53B | |
| +12.34% | 3.88B | |
| +27.29% | 3.72B | |
| +42.39% | 3.07B | |
| +19.29% | 1.9B |
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- Financials Aeolus Tyre Co., Ltd.
