Financials Tibet Urban Development and Investment Co.,LTD

Equities

600773

CNE000000MT1

Real Estate Development & Operations

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
11.46 CNY +1.06% Intraday chart for Tibet Urban Development and Investment Co.,LTD +2.41% +4.56%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 9,376 4,918 4,754 5,721 23,164 14,877
Enterprise Value (EV) 1 12,867 9,598 9,700 10,508 28,632 19,630
P/E ratio 106 x 46.2 x 44.6 x 49.9 x 202 x 130 x
Yield 0.09% 0.25% 0.26% 0.14% 0.06% 0.1%
Capitalization / Revenue 9.72 x 4.18 x 3.54 x 3.07 x 9.21 x 6.06 x
EV / Revenue 13.3 x 8.15 x 7.22 x 5.64 x 11.4 x 7.99 x
EV / EBITDA 78.4 x 44.1 x 36.1 x 33.9 x 72.1 x 51.5 x
EV / FCF -23.4 x -13 x 84.6 x 46.8 x -67.4 x 10.3 x
FCF Yield -4.28% -7.7% 1.18% 2.14% -1.48% 9.7%
Price to Book 2.98 x 1.49 x 1.36 x 1.59 x 6.28 x 3.94 x
Nbr of stocks (in thousands) 802,770 819,661 819,661 819,661 819,661 819,661
Reference price 2 11.68 6.000 5.800 6.980 28.26 18.15
Announcement Date 4/20/18 3/30/19 4/24/20 4/23/21 4/22/22 4/28/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 964.9 1,177 1,344 1,864 2,514 2,456
EBITDA 1 164 217.5 268.4 309.6 397 381.2
EBIT 1 142.2 193.6 224.8 258.1 347.3 305.5
Operating Margin 14.74% 16.45% 16.73% 13.85% 13.81% 12.44%
Earnings before Tax (EBT) 1 99.37 106.3 168.9 202.1 224.8 153
Net income 1 81.95 104.2 106.4 111.2 118.5 117.2
Net margin 8.49% 8.86% 7.92% 5.97% 4.71% 4.77%
EPS 2 0.1100 0.1300 0.1300 0.1400 0.1400 0.1400
Free Cash Flow 1 -550.8 -739.5 114.7 224.4 -424.5 1,905
FCF margin -57.09% -62.83% 8.54% 12.04% -16.88% 77.54%
FCF Conversion (EBITDA) - - 42.74% 72.5% - 499.62%
FCF Conversion (Net income) - - 107.84% 201.79% - 1,624.53%
Dividend per Share 2 0.0100 0.0150 0.0150 0.0100 0.0180 0.0180
Announcement Date 4/20/18 3/30/19 4/24/20 4/23/21 4/22/22 4/28/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 3,491 4,680 4,946 4,787 5,468 4,754
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 21.28 x 21.51 x 18.43 x 15.46 x 13.77 x 12.47 x
Free Cash Flow 1 -551 -739 115 224 -425 1,905
ROE (net income / shareholders' equity) 2.29% 3% 3.14% 3.02% 3.07% 1.3%
ROA (Net income/ Total Assets) 0.84% 1.06% 1.09% 1.13% 1.49% 1.34%
Assets 1 9,738 9,879 9,767 9,810 7,941 8,761
Book Value Per Share 2 3.920 4.030 4.250 4.380 4.500 4.610
Cash Flow per Share 2 2.380 0.4500 1.910 1.570 1.040 0.7100
Capex 1 8.93 193 230 246 32.1 94.2
Capex / Sales 0.93% 16.36% 17.12% 13.18% 1.28% 3.84%
Announcement Date 4/20/18 3/30/19 4/24/20 4/23/21 4/22/22 4/28/23
1CNY in Million2CNY
Estimates
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