CHINA TESTING & CERTIFICATION INTERNATIONAL GROUP CO.,LTD. Financials China Testing & Certification International Group Co.,Ltd.
Equities
603060
CNE100002G19
Business Support Services
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7.48 CNY | -6.27% |
|
-4.59% | -10.95% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 7,478 | 8,434 | 11,651 | 9,391 | 6,741 | 6,013 | - | - |
| Enterprise Value (EV) 1 | 7,172 | 8,170 | 11,882 | 9,974 | 7,710 | 7,243 | 7,349 | 7,455 |
| P/E ratio | 35.9 x | 36.8 x | 46.1 x | 37.1 x | 26.3 x | 20.6 x | 15 x | 15.1 x |
| Yield | 0.84% | 0.82% | 0.65% | 0.95% | 1.33% | 1.7% | 2.18% | 2.33% |
| Capitalization / Revenue | 6.75 x | 5.76 x | 5.26 x | 3.87 x | 2.54 x | 2.02 x | 1.63 x | 1.52 x |
| EV / Revenue | 6.48 x | 5.58 x | 5.36 x | 4.11 x | 2.9 x | 2.43 x | 1.99 x | 1.89 x |
| EV / EBITDA | 22.5 x | 20.6 x | 23.5 x | 17.2 x | 14.3 x | 10.1 x | 9.55 x | 7.88 x |
| EV / FCF | -75,573,414 x | - | 1,211,420,562 x | -174,767,170 x | - | - | - | - |
| FCF Yield | -0% | - | 0% | -0% | - | - | - | - |
| Price to Book | 5.95 x | 6.13 x | 7.38 x | 5.29 x | 3.53 x | 2.84 x | 2.41 x | 2.28 x |
| Nbr of stocks (in thousands) | 796,858 | 796,858 | 796,858 | 800,819 | 802,532 | 803,929 | - | - |
| Reference price 2 | 9.385 | 10.58 | 14.62 | 11.73 | 8.400 | 7.480 | 7.480 | 7.480 |
| Announcement Date | 1/21/20 | 1/18/21 | 1/11/22 | 1/15/23 | 1/16/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,107 | 1,465 | 2,217 | 2,428 | 2,659 | 2,980 | 3,692 | 3,945 |
| EBITDA 1 | 319.3 | 395.7 | 504.6 | 580.9 | 539.5 | 716.9 | 769.3 | 946.5 |
| EBIT 1 | 262.3 | 307 | 389.5 | 348.2 | 384.6 | 484.1 | 585.8 | 653.3 |
| Operating Margin | 23.69% | 20.96% | 17.57% | 14.34% | 14.47% | 16.24% | 15.87% | 16.56% |
| Earnings before Tax (EBT) 1 | 273 | 322 | 400.1 | 371.2 | 398.5 | 500.8 | 616 | - |
| Net income 1 | 208.4 | 229.3 | 252.7 | 252.9 | 255.5 | 350.4 | 431.8 | - |
| Net margin | 18.82% | 15.65% | 11.4% | 10.42% | 9.61% | 11.76% | 11.7% | - |
| EPS 2 | 0.2615 | 0.2877 | 0.3171 | 0.3157 | 0.3188 | 0.3634 | 0.4994 | 0.4970 |
| Free Cash Flow | -94.9 | - | 9.808 | -57.07 | - | - | - | - |
| FCF margin | -8.57% | - | 0.44% | -2.35% | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | 1.94% | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | 3.88% | - | - | - | - | - |
| Dividend per Share 2 | 0.0785 | 0.0871 | 0.0954 | 0.1109 | 0.1120 | 0.1272 | 0.1628 | 0.1740 |
| Announcement Date | 1/21/20 | 1/18/21 | 1/11/22 | 1/15/23 | 1/16/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S1 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 454.2 | 408.4 | 475.6 | 603.6 | 940 | 468.4 | 536.1 | 595.2 | 1,059 | 458.6 | 1,043 | 745 | 736.8 | 512.9 | 1,197 |
| EBITDA 1 | - | - | 73.32 | 130.4 | - | - | - | - | - | - | 227.6 | 179.2 | 278.7 | 149.7 | 262.8 |
| EBIT 1 | - | -36.12 | 56.16 | 83.66 | 244.5 | -32.01 | 63.77 | 57.15 | 295.7 | -30.03 | 169.4 | 121 | 220.5 | 84.84 | 198 |
| Operating Margin | - | -8.84% | 11.81% | 13.86% | 26.01% | -6.83% | 11.89% | 9.6% | 27.93% | -6.55% | 16.24% | 16.24% | 29.93% | 16.54% | 16.54% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS 2 | 0.1478 | -0.0352 | 0.0628 | 0.0818 | 0.2196 | -0.0301 | 0.0649 | 0.0600 | 0.2300 | -0.0340 | 0.1272 | 0.0908 | 0.1793 | 0.0642 | 0.1497 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | 0.1272 | - | - |
| Announcement Date | 7/10/19 | 4/27/22 | 8/25/22 | 10/25/22 | 1/15/23 | 4/27/23 | 8/30/23 | 10/30/23 | 1/16/24 | 4/29/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 231 | 583 | 969 | 1,229 | 1,335 | 1,441 |
| Net Cash position 1 | 306 | 265 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | 0.4579 x | 1.004 x | 1.796 x | 1.715 x | 1.736 x | 1.523 x |
| Free Cash Flow | -94.9 | - | 9.81 | -57.1 | - | - | - | - |
| ROE (net income / shareholders' equity) | 16.5% | 17.1% | 17.2% | 15.2% | 13.9% | 13.3% | 16.6% | 15% |
| ROA (Net income/ Total Assets) | 11.9% | 10.7% | 8.09% | 9.03% | 5.43% | 6.6% | 7.4% | - |
| Assets 1 | 1,755 | 2,140 | 3,122 | 2,800 | 4,710 | 5,310 | 5,836 | - |
| Book Value Per Share 2 | 1.580 | 1.730 | 1.980 | 2.220 | 2.380 | 2.630 | 3.100 | 3.280 |
| Cash Flow per Share 2 | 0.2500 | 0.4300 | 0.4900 | 0.3400 | 0.3600 | 0.5700 | 0.9300 | - |
| Capex 1 | 297 | 347 | 378 | 333 | 408 | 480 | 412 | 596 |
| Capex / Sales | 26.82% | 23.68% | 17.07% | 13.73% | 15.35% | 16.1% | 11.15% | 15.1% |
| Announcement Date | 1/21/20 | 1/18/21 | 1/11/22 | 1/15/23 | 1/16/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
7.48
CNY
Average target price
12.21
CNY
Spread / Average Target
+63.24%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -10.95% | 831M | |
| 0.00% | 7.08B | |
| -11.41% | 2.91B | |
| -6.89% | 2.85B | |
| -27.64% | 1.83B | |
| -2.47% | 1.16B | |
| -6.63% | 1.07B | |
| +0.83% | 767M | |
| -9.85% | 747M | |
| -19.31% | 719M |
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- Financials China Testing & Certification International Group Co.,Ltd.
