Financials TUHU Car Inc.

Equities

9690

KYG912241083

Auto Vehicles, Parts & Service Retailers

Market Closed - Hong Kong S.E. Other stock markets 04:08:07 2024-05-09 am EDT			5-day change	1st Jan Change
26.75 ^HKD	-0.93%		+16.81%	-4.80%

Apr. 23	TUHU Car’s Substantial Shareholder Boosts Stakeholding	MT
Mar. 26	12,487,564 Class A Shares of TUHU Car Inc. are subject to a Lock-Up Agreement Ending on 26-MAR-2024.	CI

Valuation

Fiscal Period: December	2023	2024	2025	2026
Capitalization ¹	20,915	20,018	-	-
Enterprise Value (EV) ¹	20,915	15,182	13,974	11,398
P/E ratio	85.1 x	32.9 x	17 x	11.8 x
Yield	-	-	-	-
Capitalization / Revenue	1.54 x	1.25 x	1.07 x	0.95 x
EV / Revenue	1.54 x	0.95 x	0.75 x	0.54 x
EV / EBITDA	27.6 x	12.7 x	7.65 x	4.32 x
EV / FCF	-	40.3 x	6.89 x	6.92 x
FCF Yield	-	2.48%	14.5%	14.4%
Price to Book	-	3.78 x	5.12 x	2.34 x
Nbr of stocks (in thousands)	818,892	809,536	-	-
Reference price ²	25.54	24.73	24.73	24.73
Announcement Date	3/14/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2022	2023	2024	2025	2026
Net sales ¹	11,547	13,601	15,960	18,652	21,118
EBITDA ¹	-	757.8	1,194	1,827	2,639
EBIT ¹	-	161.5	662.6	1,302	1,992
Operating Margin	-	1.19%	4.15%	6.98%	9.43%
Earnings before Tax (EBT) ¹	-	6,725	717.1	1,380	2,070
Net income ¹	-2,136	6,703	621.5	1,165	1,725
Net margin	-18.5%	49.28%	3.89%	6.25%	8.17%
EPS ²	-	0.3000	0.7515	1.458	2.097
Free Cash Flow ¹	-	-	377	2,028	1,647
FCF margin	-	-	2.36%	10.87%	7.8%
FCF Conversion (EBITDA)	-	-	31.57%	111.02%	62.4%
FCF Conversion (Net income)	-	-	60.66%	174.02%	95.46%
Dividend per Share ²	-	-	-	-	-
Announcement Date	3/30/23	3/14/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 S1	2023 S2	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1
Net sales	6,522	7,079	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-
EBIT	162.1	94.79	-	-	-	-	-
Operating Margin	2.49%	1.34%	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-
Net margin	-	-	-	-	-	-	-
EPS	-	-	-	-	-	-	-
Dividend per Share ¹	-	-	-	-	-	-	-
Announcement Date	8/23/23	3/14/24	-	-	-	-	-

¹CNY

Estimates

Balance Sheet Analysis

Fiscal Period: December	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-
Net Cash position ¹	-	-	4,837	6,045	8,620
Leverage (Debt/EBITDA)	-	-	-	-	-
Free Cash Flow ¹	-	-	377	2,028	1,647
ROE (net income / shareholders' equity)	-	-	12.2%	17.2%	21.9%
ROA (Net income/ Total Assets)	-	-	4.67%	7.78%	10.1%
Assets ¹	-	-	13,309	14,984	17,044
Book Value Per Share ²	-	-	6.540	4.830	10.60
Cash Flow per Share ²	-	-	1.580	3.070	2.990
Capex ¹	-	-	548	595	579
Capex / Sales	-	-	3.43%	3.19%	2.74%
Announcement Date	3/30/23	3/14/24	-	-	-

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

Ratings for TUHU Car Inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

24.71 CNY

Average target price

26 CNY

Spread / Average Target

+5.20%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

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	1st Jan change	Capi.
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RUSH ENTERPRISES, INC.	-7.50%	3.5B
EAGERS AUTOMOTIVE LIMITED	-17.40%	2.1B
DOGUS OTOMOTIV SERVIS VE TICARET	+15.27%	1.97B

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