QINGDAO TIANNENG HEAVY INDUSTRIES CO.,LTD Financials Qingdao Tianneng Heavy Industries Co.,Ltd
Equities
300569
CNE100002DQ1
Renewable Energy Equipment & Services
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.48 CNY | -1.10% |
|
-9.86% | -37.34% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,928 | 3,357 | 6,266 | 11,858 | 6,515 | 7,312 |
| Enterprise Value (EV) 1 | 2,026 | 4,237 | 8,180 | 13,910 | 10,266 | 10,729 |
| P/E ratio | 18.8 x | 12.8 x | 14.9 x | 28.6 x | 28.3 x | 26 x |
| Yield | 1.13% | 3.75% | 1.63% | 1% | 1.06% | 1.03% |
| Capitalization / Revenue | 1.38 x | 1.36 x | 1.83 x | 2.91 x | 1.56 x | 1.73 x |
| EV / Revenue | 1.45 x | 1.72 x | 2.39 x | 3.41 x | 2.45 x | 2.53 x |
| EV / EBITDA | 11.7 x | 9.22 x | 10.2 x | 17.1 x | 16 x | 15.1 x |
| EV / FCF | -2.44 x | 11.5 x | -20.4 x | -13.9 x | -8.74 x | -9.2 x |
| FCF Yield | -41.1% | 8.68% | -4.91% | -7.22% | -11.4% | -10.9% |
| Price to Book | 1.1 x | 1.65 x | 2.61 x | 3.16 x | 1.63 x | 1.29 x |
| Nbr of stocks (in thousands) | 650,302 | 650,302 | 666,173 | 793,694 | 809,291 | 1,022,674 |
| Reference price 2 | 2.964 | 5.163 | 9.406 | 14.94 | 8.050 | 7.150 |
| Announcement Date | 4/14/19 | 4/26/20 | 4/26/21 | 4/27/22 | 4/25/23 | 4/28/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,394 | 2,464 | 3,425 | 4,081 | 4,183 | 4,235 |
| EBITDA 1 | 173.9 | 459.6 | 798.9 | 811.9 | 641.3 | 709.4 |
| EBIT 1 | 134.6 | 383.2 | 687.2 | 637.4 | 422.3 | 448.1 |
| Operating Margin | 9.66% | 15.55% | 20.07% | 15.62% | 10.1% | 10.58% |
| Earnings before Tax (EBT) 1 | 129.5 | 337.5 | 565.2 | 474.1 | 254.9 | 257.2 |
| Net income 1 | 102.3 | 269.5 | 427.6 | 395.4 | 228.9 | 251.5 |
| Net margin | 7.34% | 10.94% | 12.48% | 9.69% | 5.47% | 5.94% |
| EPS 2 | 0.1574 | 0.4031 | 0.6311 | 0.5229 | 0.2840 | 0.2745 |
| Free Cash Flow 1 | -832.1 | 367.9 | -402 | -1,004 | -1,175 | -1,166 |
| FCF margin | -59.71% | 14.93% | -11.74% | -24.6% | -28.09% | -27.53% |
| FCF Conversion (EBITDA) | - | 80.04% | - | - | - | - |
| FCF Conversion (Net income) | - | 136.5% | - | - | - | - |
| Dividend per Share 2 | 0.0334 | 0.1938 | 0.1529 | 0.1500 | 0.0850 | 0.0740 |
| Announcement Date | 4/14/19 | 4/26/20 | 4/26/21 | 4/27/22 | 4/25/23 | 4/28/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 98.6 | 879 | 1,914 | 2,052 | 3,751 | 3,416 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.5671 x | 1.913 x | 2.396 x | 2.527 x | 5.849 x | 4.816 x |
| Free Cash Flow 1 | -832 | 368 | -402 | -1,004 | -1,175 | -1,166 |
| ROE (net income / shareholders' equity) | 6.53% | 14.4% | 20.3% | 12.7% | 5.91% | 5.08% |
| ROA (Net income/ Total Assets) | 2.93% | 5.27% | 6.4% | 4.56% | 2.5% | 2.33% |
| Assets 1 | 3,492 | 5,109 | 6,680 | 8,673 | 9,153 | 10,777 |
| Book Value Per Share 2 | 2.700 | 3.120 | 3.600 | 4.730 | 4.950 | 5.540 |
| Cash Flow per Share 2 | 0.6000 | 1.270 | 1.080 | 1.830 | 1.520 | 1.230 |
| Capex 1 | 479 | 213 | 803 | 557 | 822 | 384 |
| Capex / Sales | 34.34% | 8.64% | 23.45% | 13.64% | 19.64% | 9.06% |
| Announcement Date | 4/14/19 | 4/26/20 | 4/26/21 | 4/27/22 | 4/25/23 | 4/28/24 |
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. | |
|---|---|---|
| -37.34% | 639M | |
| +27.23% | 7.72B | |
| -3.39% | 4.57B | |
| -5.88% | 4B | |
| -13.28% | 2.48B | |
| +22.26% | 2.34B | |
| -10.74% | 2.06B | |
| +78.02% | 1.87B | |
| -29.70% | 1.48B | |
| -21.89% | 1.36B |
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- Financials Qingdao Tianneng Heavy Industries Co.,Ltd
