Financials Jiangsu Tongrun Equipment Technology Co.,Ltd

Equities

002150

CNE100000692

Industrial Machinery & Equipment

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
13.18 CNY -1.05% Intraday chart for Jiangsu Tongrun Equipment Technology Co.,Ltd +2.81% -25.70%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,700 2,439 2,278 2,246 7,319 6,422
Enterprise Value (EV) 1 967.6 1,595 1,382 1,527 6,445 6,476
P/E ratio 14.1 x 16 x 17.3 x 15.8 x 49.1 x 98.6 x
Yield 2.42% 2.19% 2.35% 2.38% - 0.39%
Capitalization / Revenue 1.26 x 1.66 x 1.6 x 1.17 x 4.36 x 2.55 x
EV / Revenue 0.72 x 1.08 x 0.97 x 0.8 x 3.84 x 2.57 x
EV / EBITDA 4.76 x 6.09 x 4.96 x 5.38 x 26.9 x 31.4 x
EV / FCF 44.4 x 13.6 x 16.9 x -8.55 x 36.6 x -12 x
FCF Yield 2.25% 7.36% 5.91% -11.7% 2.73% -8.33%
Price to Book 1.42 x 1.87 x 1.64 x 1.52 x 4.65 x 3.89 x
Nbr of stocks (in thousands) 356,517 356,517 356,517 356,517 356,517 362,027
Reference price 2 4.769 6.840 6.390 6.300 20.53 17.74
Announcement Date 4/26/19 4/26/20 4/27/21 4/28/22 4/26/23 4/24/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,346 1,472 1,424 1,921 1,678 2,518
EBITDA 1 203.3 261.8 278.9 283.8 239.7 206.5
EBIT 1 169.3 229.9 243.9 242.6 197.1 137.1
Operating Margin 12.58% 15.62% 17.13% 12.63% 11.75% 5.44%
Earnings before Tax (EBT) 1 189.3 239.6 212.1 236 239.7 156.6
Net income 1 121.2 152.7 132.8 143.9 149 64.39
Net margin 9% 10.38% 9.33% 7.49% 8.88% 2.56%
EPS 2 0.3385 0.4283 0.3700 0.4000 0.4180 0.1800
Free Cash Flow 1 21.8 117.4 81.64 -178.6 176.1 -539.6
FCF margin 1.62% 7.97% 5.73% -9.3% 10.49% -21.43%
FCF Conversion (EBITDA) 10.72% 44.83% 29.27% - 73.45% -
FCF Conversion (Net income) 17.99% 76.85% 61.46% - 118.15% -
Dividend per Share 2 0.1154 0.1500 0.1500 0.1500 - 0.0700
Announcement Date 4/26/19 4/26/20 4/27/21 4/28/22 4/26/23 4/24/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - 54.1
Net Cash position 1 733 843 896 719 874 -
Leverage (Debt/EBITDA) - - - - - 0.2621 x
Free Cash Flow 1 21.8 117 81.6 -179 176 -540
ROE (net income / shareholders' equity) 11.6% 13.3% 10.9% 11.2% 10.4% 5.6%
ROA (Net income/ Total Assets) 7.01% 8.79% 8.64% 7.79% 5.86% 2.71%
Assets 1 1,727 1,737 1,538 1,847 2,544 2,372
Book Value Per Share 2 3.350 3.670 3.890 4.130 4.410 4.560
Cash Flow per Share 2 1.840 2.220 2.440 1.980 2.350 2.620
Capex 1 78.5 64.7 108 114 111 364
Capex / Sales 5.83% 4.4% 7.61% 5.93% 6.64% 14.45%
Announcement Date 4/26/19 4/26/20 4/27/21 4/28/22 4/26/23 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

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