Financials Chengdu Tianjian Technology Co., Ltd.

Equities

002977

CNE100003S55

Aerospace & Defense

End-of-day quote Shenzhen S.E. 06:00:00 2024-07-14 pm EDT 5-day change 1st Jan Change
28.36 CNY +5.08% Intraday chart for Chengdu Tianjian Technology Co., Ltd. +7.75% -19.93%

Valuation

Fiscal Period: December 2020 2021 2022 2023
Capitalization 1 9,953 5,724 3,674 4,255
Enterprise Value (EV) 1 9,455 5,330 3,378 3,763
P/E ratio 113 x 51.3 x 50.3 x 84.3 x
Yield 0.22% 0.37% 0.55% 0.51%
Capitalization / Revenue 45.5 x 20.6 x 10.7 x 25.4 x
EV / Revenue 43.2 x 19.1 x 9.85 x 22.5 x
EV / EBITDA 101 x 46.7 x 32.6 x 113 x
EV / FCF -371 x -38.3 x -122 x 20.7 x
FCF Yield -0.27% -2.61% -0.82% 4.83%
Price to Book 10.8 x 5.65 x 3.45 x 3.87 x
Nbr of stocks (in thousands) 120,120 120,120 120,120 120,120
Reference price 2 82.86 47.65 30.58 35.42
Announcement Date 3/31/21 4/14/22 4/26/23 4/25/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 276.4 276.8 218.6 278.4 342.8 167.2
EBITDA 1 108.9 116.8 93.33 114.1 103.6 33.25
EBIT 1 107.5 114.4 90.84 111.9 100.7 25.69
Operating Margin 38.91% 41.34% 41.55% 40.21% 29.38% 15.36%
Earnings before Tax (EBT) 1 116.4 112.4 95.78 129.7 83.71 57.52
Net income 1 99.56 96.08 82.37 111.4 72.74 50.05
Net margin 36.02% 34.71% 37.68% 40% 21.22% 29.93%
EPS 2 1.107 1.066 0.7321 0.9286 0.6083 0.4200
Free Cash Flow 1 -12.97 -64.75 -25.47 -139.1 -27.62 181.8
FCF margin -4.69% -23.4% -11.65% -49.98% -8.06% 108.68%
FCF Conversion (EBITDA) - - - - - 546.59%
FCF Conversion (Net income) - - - - - 363.16%
Dividend per Share 2 0.1190 0.1190 0.1786 0.1786 0.1667 0.1800
Announcement Date 3/2/20 3/2/20 3/31/21 4/14/22 4/26/23 4/25/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 82.7 39.6 498 394 296 492
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -13 -64.8 -25.5 -139 -27.6 182
ROE (net income / shareholders' equity) 41.3% 29.3% 12.7% 11.5% 7% 4.62%
ROA (Net income/ Total Assets) 16.1% 13.9% 6.7% 5.98% 4.93% 1.17%
Assets 1 618.6 693 1,229 1,864 1,477 4,289
Book Value Per Share 2 3.110 4.180 7.690 8.440 8.870 9.150
Cash Flow per Share 2 0.9200 0.6000 3.810 3.280 2.460 4.090
Capex 1 30.4 37.7 45.1 89.4 43 -
Capex / Sales 11.01% 13.63% 20.61% 32.1% 12.54% -
Announcement Date 3/2/20 3/2/20 3/31/21 4/14/22 4/26/23 4/25/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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