Financials Qingdao Topscomm Communication INC.

Equities

603421

CNE100002RS7

Electrical Components & Equipment

End-of-day quote Shanghai S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
5.7 CNY -8.06% Intraday chart for Qingdao Topscomm Communication INC. -5.63% -39.36%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 9,449 8,127 6,101 5,559 5,459 6,131
Enterprise Value (EV) 1 9,236 7,811 5,848 5,164 5,615 6,168
P/E ratio 64.6 x 49.5 x 33.2 x 35.5 x 46.5 x 47 x
Yield 0.61% 0.6% 0.9% 0.86% 0.66% -
Capitalization / Revenue 5.42 x 4.49 x 2.9 x 1.97 x 1.75 x 1.69 x
EV / Revenue 5.3 x 4.32 x 2.78 x 1.83 x 1.8 x 1.7 x
EV / EBITDA 33.4 x 30.2 x 18.9 x 17.1 x 21.1 x 19 x
EV / FCF -33.2 x -34.6 x -98.2 x 25.8 x -10 x 29.4 x
FCF Yield -3.01% -2.89% -1.02% 3.88% -9.96% 3.41%
Price to Book 3.72 x 2.69 x 1.93 x 1.71 x 1.64 x 1.67 x
Nbr of stocks (in thousands) 620,194 656,944 656,694 653,192 652,191 652,191
Reference price 2 15.24 12.37 9.290 8.510 8.370 9.400
Announcement Date 4/23/19 4/22/20 4/14/21 4/25/22 4/25/23 4/29/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,744 1,810 2,102 2,821 3,115 3,633
EBITDA 1 276.4 258.4 309.1 302.7 266 325
EBIT 1 212.7 161.6 181 156.4 129.6 179.8
Operating Margin 12.2% 8.93% 8.61% 5.54% 4.16% 4.95%
Earnings before Tax (EBT) 1 207.6 193.6 194.5 160.4 113.8 149.9
Net income 1 203.9 162 181.1 156.6 118.7 131.2
Net margin 11.69% 8.95% 8.61% 5.55% 3.81% 3.61%
EPS 2 0.2357 0.2500 0.2800 0.2400 0.1800 0.2000
Free Cash Flow 1 -277.9 -225.6 -59.57 200.1 -559.4 210.1
FCF margin -15.94% -12.46% -2.83% 7.09% -17.96% 5.78%
FCF Conversion (EBITDA) - - - 66.1% - 64.63%
FCF Conversion (Net income) - - - 127.75% - 160.09%
Dividend per Share 2 0.0936 0.0743 0.0840 0.0730 0.0550 -
Announcement Date 4/23/19 4/22/20 4/14/21 4/25/22 4/25/23 4/29/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - 156 37.3
Net Cash position 1 213 316 253 395 - -
Leverage (Debt/EBITDA) - - - - 0.586 x 0.1147 x
Free Cash Flow 1 -278 -226 -59.6 200 -559 210
ROE (net income / shareholders' equity) 8.66% 5.77% 5.87% 4.89% 3.61% 3.89%
ROA (Net income/ Total Assets) 4.28% 2.78% 2.78% 2.06% 1.5% 1.94%
Assets 1 4,768 5,818 6,504 7,604 7,895 6,764
Book Value Per Share 2 4.100 4.590 4.810 4.980 5.100 5.640
Cash Flow per Share 2 0.2000 0.4800 0.4700 0.7000 0.6000 1.240
Capex 1 334 248 203 158 200 84.4
Capex / Sales 19.17% 13.68% 9.65% 5.6% 6.41% 2.32%
Announcement Date 4/23/19 4/22/20 4/14/21 4/25/22 4/25/23 4/29/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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