QINGDAO TGOOD ELECTRIC CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 19.4 CNY | -2.76% |
|
-2.95% | -3.48% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 17,138 | 29,289 | 25,882 | 15,829 | 21,224 | 20,180 | - | - |
| Enterprise Value (EV) 1 | 17,138 | 31,439 | 27,554 | 17,530 | 22,723 | 21,874 | 23,401 | 21,903 |
| P/E ratio | - | 173 x | 138 x | 58.5 x | 41.9 x | 30.7 x | 23.2 x | 18.3 x |
| Yield | 0.12% | 0.17% | 0.08% | 0.33% | 0.5% | 0.63% | 0.83% | 1.08% |
| Capitalization / Revenue | 2.54 x | 3.95 x | 2.74 x | 1.36 x | 1.45 x | 1.11 x | 0.9 x | 0.72 x |
| EV / Revenue | 2.54 x | 4.24 x | 2.92 x | 1.51 x | 1.56 x | 1.2 x | 1.05 x | 0.78 x |
| EV / EBITDA | 27.9 x | 51.5 x | 44.8 x | 21.5 x | 20.5 x | 12.9 x | 11.3 x | 10 x |
| EV / FCF | - | - | -54.7 x | 31.8 x | 62.3 x | -27.8 x | -996 x | -99.6 x |
| FCF Yield | - | - | -1.83% | 3.15% | 1.61% | -3.6% | -0.1% | -1% |
| Price to Book | 5.11 x | 6.43 x | 4.3 x | 2.51 x | 3.17 x | 2.82 x | 2.47 x | 2.26 x |
| Nbr of stocks (in thousands) | 997,570 | 997,570 | 1,040,711 | 1,040,711 | 1,055,898 | 1,040,203 | - | - |
| Reference price 2 | 17.18 | 29.36 | 24.87 | 15.21 | 20.10 | 19.40 | 19.40 | 19.40 |
| Announcement Date | 2/27/20 | 4/22/21 | 3/7/22 | 4/14/23 | 4/23/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,739 | 7,421 | 9,441 | 11,630 | 14,602 | 18,164 | 22,304 | 28,101 |
| EBITDA 1 | 615.1 | 610 | 614.6 | 814.2 | 1,110 | 1,699 | 2,080 | 2,184 |
| EBIT 1 | 272.5 | 135.8 | 179.5 | 274 | 602.2 | 823.4 | 1,112 | 1,353 |
| Operating Margin | 4.04% | 1.83% | 1.9% | 2.36% | 4.12% | 4.53% | 4.99% | 4.82% |
| Earnings before Tax (EBT) 1 | - | 123.2 | 163.7 | 263.9 | 533.5 | 793.5 | 1,035 | 1,302 |
| Net income 1 | - | 173 | 187.2 | 272.2 | 491.1 | 670.1 | 883.4 | 1,128 |
| Net margin | - | 2.33% | 1.98% | 2.34% | 3.36% | 3.69% | 3.96% | 4.01% |
| EPS 2 | - | 0.1700 | 0.1800 | 0.2600 | 0.4800 | 0.6323 | 0.8350 | 1.058 |
| Free Cash Flow 1 | - | - | -503.9 | 552 | 364.7 | -787 | -23.5 | -220 |
| FCF margin | - | - | -5.34% | 4.75% | 2.5% | -4.33% | -0.11% | -0.78% |
| FCF Conversion (EBITDA) | - | - | - | 67.8% | 32.86% | - | - | - |
| FCF Conversion (Net income) | - | - | - | 202.8% | 74.26% | - | - | - |
| Dividend per Share 2 | 0.0200 | 0.0500 | 0.0200 | 0.0500 | 0.1000 | 0.1217 | 0.1609 | 0.2094 |
| Announcement Date | 2/27/20 | 4/22/21 | 3/7/22 | 4/14/23 | 4/23/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 S1 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | - | - | - | - | - | 5,199 | 2,569 | 4,174 | 3,760 | 7,482 | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | - | - | - | - | - | 404.4 | 36.1 | 154.3 | 133.6 | 370.3 | - | - |
| Operating Margin | - | - | - | - | - | - | 7.78% | 1.41% | 3.7% | 3.55% | 4.95% | - | - |
| Earnings before Tax (EBT) 1 | - | - | - | - | - | - | 355.8 | 32.89 | 146.3 | 146.4 | 435.7 | - | - |
| Net income 1 | - | - | - | - | - | 94.09 | 269.3 | 61.6 | 8.645 | 138 | 512.3 | - | - |
| Net margin | - | - | - | - | - | - | 5.18% | 2.4% | 0.21% | 3.67% | 6.85% | - | - |
| EPS 2 | 0.1100 | 0.0200 | 0.0200 | 0.0600 | 0.1600 | 0.0900 | 0.2700 | 0.0600 | 0.008190 | 0.1307 | 0.4851 | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | 0.1238 | - | - |
| Announcement Date | 3/7/22 | 4/26/22 | 8/24/22 | 10/26/22 | 4/14/23 | 8/25/23 | 4/23/24 | 4/26/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 2,150 | 1,672 | 1,701 | 1,499 | 1,694 | 3,221 | 1,723 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 3.524 x | 2.72 x | 2.089 x | 1.351 x | 0.9968 x | 1.549 x | 0.7887 x |
| Free Cash Flow 1 | - | - | -504 | 552 | 365 | -787 | -23.5 | -220 |
| ROE (net income / shareholders' equity) | 8.31% | 4.14% | 3.41% | 4.42% | 7.51% | 9.23% | 11.7% | 13% |
| ROA (Net income/ Total Assets) | 1.91% | 1.08% | 1.01% | 1.29% | - | 2.7% | 3.16% | 3.8% |
| Assets 1 | - | 16,023 | 18,567 | 21,102 | - | 24,820 | 27,997 | 29,681 |
| Book Value Per Share 2 | 3.360 | 4.570 | 5.780 | 6.050 | 6.340 | 6.880 | 7.840 | 8.590 |
| Cash Flow per Share 2 | 0.3900 | 0.1600 | 0.2900 | 1.170 | 1.270 | 0.0700 | 1.370 | 1.070 |
| Capex 1 | 444 | 512 | 801 | 664 | 980 | 1,140 | 1,141 | 1,153 |
| Capex / Sales | 6.59% | 6.9% | 8.48% | 5.71% | 6.71% | 6.28% | 5.12% | 4.1% |
| Announcement Date | 2/27/20 | 4/22/21 | 3/7/22 | 4/14/23 | 4/23/24 | - | - | - |
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
D+
Sell
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
19.4
CNY
Average target price
22.94
CNY
Spread / Average Target
+18.23%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -3.48% | 2.79B | |
| +20.70% | 91.3B | |
| +47.29% | 25.05B | |
| +43.32% | 16.96B | |
| +20.64% | 10.05B | |
| -8.59% | 8.1B | |
| +27.13% | 7.72B | |
| +4.09% | 7.71B | |
| +150.15% | 6.45B | |
| +43.41% | 5.01B |
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- Financials Qingdao TGOOD Electric Co., Ltd.
