TONZE NEW ENERGY TECHNOLOGY CO.,LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9.07 CNY | -0.66% |
|
-0.11% | -14.51% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 3,590 | 3,660 | 6,684 | 11,783 | 6,631 | 5,354 |
| Enterprise Value (EV) 1 | 3,376 | 3,923 | 6,998 | 11,421 | 5,810 | 4,089 |
| P/E ratio | 41.8 x | 114 x | -554 x | 15.8 x | 12.4 x | 118 x |
| Yield | - | 0.44% | - | 1.3% | 1.66% | 0.94% |
| Capitalization / Revenue | 4.17 x | 4.73 x | 9 x | 5.23 x | 2.02 x | 2.44 x |
| EV / Revenue | 3.92 x | 5.07 x | 9.42 x | 5.07 x | 1.77 x | 1.86 x |
| EV / EBITDA | 23.9 x | 45.8 x | 107 x | 12.1 x | 8.24 x | 23.8 x |
| EV / FCF | -110 x | -47.7 x | -346 x | 20.3 x | 10.5 x | 18 x |
| FCF Yield | -0.91% | -2.1% | -0.29% | 4.92% | 9.55% | 5.55% |
| Price to Book | 1.05 x | 1.36 x | 2.51 x | 3.45 x | 1.74 x | 1.15 x |
| Nbr of stocks (in thousands) | 452,180 | 402,153 | 402,153 | 402,153 | 408,553 | 504,583 |
| Reference price 2 | 7.940 | 9.100 | 16.62 | 29.30 | 16.23 | 10.61 |
| Announcement Date | 4/25/19 | 3/30/20 | 4/27/21 | 2/21/22 | 3/29/23 | 3/24/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 860.6 | 774.3 | 742.8 | 2,253 | 3,275 | 2,193 |
| EBITDA 1 | 141.4 | 85.71 | 65.28 | 943.2 | 705.5 | 171.7 |
| EBIT 1 | 90.22 | 31.74 | 7.301 | 884.4 | 619.2 | 48.93 |
| Operating Margin | 10.48% | 4.1% | 0.98% | 39.26% | 18.91% | 2.23% |
| Earnings before Tax (EBT) 1 | 96.02 | 33.81 | -7.078 | 886.7 | 612.9 | 51.39 |
| Net income 1 | 83.8 | 32.47 | -10.78 | 745 | 526.3 | 36.64 |
| Net margin | 9.74% | 4.19% | -1.45% | 33.07% | 16.07% | 1.67% |
| EPS 2 | 0.1900 | 0.0800 | -0.0300 | 1.850 | 1.310 | 0.0900 |
| Free Cash Flow 1 | -30.7 | -82.25 | -20.25 | 562.5 | 555.2 | 227.1 |
| FCF margin | -3.57% | -10.62% | -2.73% | 24.97% | 16.95% | 10.36% |
| FCF Conversion (EBITDA) | - | - | - | 59.64% | 78.69% | 132.27% |
| FCF Conversion (Net income) | - | - | - | 75.5% | 105.48% | 619.77% |
| Dividend per Share | - | 0.0400 | - | 0.3800 | 0.2700 | 0.1000 |
| Announcement Date | 4/25/19 | 3/30/20 | 4/27/21 | 2/21/22 | 3/29/23 | 3/24/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | 264 | 314 | - | - | - |
| Net Cash position 1 | 214 | - | - | 362 | 821 | 1,264 |
| Leverage (Debt/EBITDA) | - | 3.079 x | 4.809 x | - | - | - |
| Free Cash Flow 1 | -30.7 | -82.2 | -20.2 | 562 | 555 | 227 |
| ROE (net income / shareholders' equity) | 2.48% | 1.06% | -0.4% | 23.5% | 12.9% | 0.8% |
| ROA (Net income/ Total Assets) | 1.46% | 0.55% | 0.14% | 14.2% | 7.19% | 0.44% |
| Assets 1 | 5,748 | 5,924 | -7,597 | 5,249 | 7,323 | 8,367 |
| Book Value Per Share 2 | 7.540 | 6.700 | 6.630 | 8.490 | 9.330 | 9.250 |
| Cash Flow per Share 2 | 0.3200 | 0.2500 | 0.1600 | 1.260 | 2.520 | 3.800 |
| Capex 1 | 105 | 44.1 | 36.7 | 177 | 439 | 257 |
| Capex / Sales | 12.17% | 5.69% | 4.94% | 7.86% | 13.4% | 11.73% |
| Announcement Date | 4/25/19 | 3/30/20 | 4/27/21 | 2/21/22 | 3/29/23 | 3/24/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -14.51% | 626M | |
| +2.46% | 102B | |
| -9.22% | 60.79B | |
| +74.76% | 48.86B | |
| +13.97% | 37.96B | |
| +4.56% | 32.37B | |
| +14.72% | 20.64B | |
| +11.17% | 16.58B | |
| +8.81% | 13.93B | |
| -3.19% | 13.25B |
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