XI'AN TIANHE DEFENSE TECHNOLOGY CO., LTD. Financials Xi'an Tianhe Defense Technology Co., Ltd.
Equities
300397
CNE100001XT5
Aerospace & Defense
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 11.41 CNY | -2.06% |
|
+8.36% | +10.56% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,263 | 7,082 | 8,385 | 7,915 | 4,793 | 5,342 |
| Enterprise Value (EV) 1 | 2,075 | 6,967 | 8,107 | 7,316 | 4,618 | 5,518 |
| P/E ratio | -13.3 x | 82 x | 80.9 x | -102 x | -31.9 x | -27.2 x |
| Yield | - | 0.25% | - | - | - | - |
| Capitalization / Revenue | 8.57 x | 8.16 x | 6.86 x | 14.2 x | 9.55 x | 15.2 x |
| EV / Revenue | 7.86 x | 8.03 x | 6.63 x | 13.1 x | 9.2 x | 15.7 x |
| EV / EBITDA | -11.4 x | 38.2 x | 29.9 x | -100 x | -30.1 x | -32.4 x |
| EV / FCF | -10.9 x | -57.1 x | 48.9 x | -56.1 x | -12 x | -24 x |
| FCF Yield | -9.17% | -1.75% | 2.05% | -1.78% | -8.31% | -4.17% |
| Price to Book | 2.15 x | 6.23 x | 6.76 x | 4 x | 2.61 x | 3.26 x |
| Nbr of stocks (in thousands) | 432,000 | 432,000 | 432,000 | 517,637 | 517,637 | 517,637 |
| Reference price 2 | 5.239 | 16.39 | 19.41 | 15.29 | 9.260 | 10.32 |
| Announcement Date | 4/25/19 | 4/9/20 | 4/22/21 | 4/25/22 | 4/25/23 | 4/24/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 264 | 867.8 | 1,223 | 558.6 | 501.8 | 350.7 |
| EBITDA 1 | -181.6 | 182.3 | 271 | -72.81 | -153.5 | -170.3 |
| EBIT 1 | -210.8 | 148.2 | 231.4 | -114.8 | -191.9 | -210.2 |
| Operating Margin | -79.86% | 17.08% | 18.92% | -20.56% | -38.24% | -59.95% |
| Earnings before Tax (EBT) 1 | -199 | 168.4 | 238.6 | -88.16 | -141.1 | -201.5 |
| Net income 1 | -170.2 | 86.78 | 102.9 | -72.11 | -151.3 | -195.8 |
| Net margin | -64.48% | 10% | 8.42% | -12.91% | -30.14% | -55.84% |
| EPS 2 | -0.3944 | 0.2000 | 0.2400 | -0.1500 | -0.2900 | -0.3800 |
| Free Cash Flow 1 | -190.3 | -122 | 165.9 | -130.4 | -383.6 | -230.3 |
| FCF margin | -72.08% | -14.06% | 13.57% | -23.34% | -76.43% | -65.66% |
| FCF Conversion (EBITDA) | - | - | 61.24% | - | - | - |
| FCF Conversion (Net income) | - | - | 161.25% | - | - | - |
| Dividend per Share | - | 0.0406 | - | - | - | - |
| Announcement Date | 4/25/19 | 4/9/20 | 4/22/21 | 4/25/22 | 4/25/23 | 4/24/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | 176 |
| Net Cash position 1 | 188 | 115 | 278 | 598 | 176 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | -1.031 x |
| Free Cash Flow 1 | -190 | -122 | 166 | -130 | -384 | -230 |
| ROE (net income / shareholders' equity) | -14% | 12.3% | 14.7% | -4.44% | -8.71% | -13% |
| ROA (Net income/ Total Assets) | -8.78% | 5.8% | 7.87% | -3.24% | -4.7% | -5.15% |
| Assets 1 | 1,939 | 1,496 | 1,308 | 2,223 | 3,216 | 3,804 |
| Book Value Per Share 2 | 2.430 | 2.630 | 2.870 | 3.820 | 3.550 | 3.170 |
| Cash Flow per Share 2 | 0.4500 | 0.3300 | 0.2800 | 1.220 | 0.6800 | 0.6100 |
| Capex 1 | 97.4 | 158 | 78 | 266 | 308 | 248 |
| Capex / Sales | 36.91% | 18.24% | 6.38% | 47.62% | 61.42% | 70.77% |
| Announcement Date | 4/25/19 | 4/9/20 | 4/22/21 | 4/25/22 | 4/25/23 | 4/24/24 |
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. | |
|---|---|---|
| +10.56% | 833M | |
| +25.28% | 141B | |
| +14.19% | 81.63B | |
| -0.20% | 70.25B | |
| +25.80% | 52.62B | |
| +5.93% | 42.74B | |
| +76.53% | 39.53B | |
| +56.65% | 24.9B | |
| +86.06% | 24.56B | |
| +8.38% | 21.5B |
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- Financials Xi'an Tianhe Defense Technology Co., Ltd.
