Financials Fujian Torch Electron Technology Co., Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-07-16 pm EDT			5-day change	1st Jan Change
23.77 ^CNY	-1.16%		+2.99%	-10.20%

Apr. 26	Fujian Torch Electron Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 11	Tranche Update on Fujian Torch Electron Technology Co., Ltd.'s Equity Buyback Plan announced on January 17, 2024.	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	10,379	32,627	34,640	18,754	12,100	10,835	-	-
Enterprise Value (EV) ¹	10,379	32,627	34,640	18,754	12,100	10,835	10,835	10,835
P/E ratio	27.3 x	54.8 x	37.5 x	24.2 x	38.4 x	26 x	20.1 x	16.1 x
Yield	-	0.47%	0.63%	0.85%	0.57%	1.47%	1.47%	1.47%
Capitalization / Revenue	4.04 x	8.92 x	7.32 x	5.27 x	3.45 x	2.59 x	2.16 x	1.88 x
EV / Revenue	4.04 x	8.92 x	7.32 x	5.27 x	3.45 x	2.59 x	2.16 x	1.88 x
EV / EBITDA	18.7 x	37.9 x	26.4 x	16.5 x	21.4 x	12.1 x	10.1 x	8.55 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	3.34 x	8.67 x	7.41 x	3.61 x	2.24 x	1.88 x	1.72 x	1.56 x
Nbr of stocks (in thousands)	452,439	451,273	457,904	458,087	457,123	455,806	-	-
Reference price ²	22.94	72.30	75.65	40.94	26.47	23.77	23.77	23.77
Announcement Date	3/17/20	4/27/21	3/22/22	3/21/23	3/18/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,569	3,656	4,734	3,559	3,504	4,191	5,008	5,776
EBITDA ¹	555.2	860.1	1,314	1,133	565.6	893.5	1,073	1,266
EBIT ¹	469.9	764.4	1,192	975.2	364.4	487.4	629.5	780.9
Operating Margin	18.29%	20.91%	25.17%	27.4%	10.4%	11.63%	12.57%	13.52%
Earnings before Tax (EBT) ¹	469.5	763.8	1,175	973.2	358.2	480.9	622.5	775
Net income ¹	381.4	609.5	955.9	801.5	318.4	418.5	542.4	676.6
Net margin	14.85%	16.67%	20.19%	22.52%	9.09%	9.98%	10.83%	11.71%
EPS ²	0.8400	1.320	2.020	1.690	0.6900	0.9133	1.183	1.477
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	-	0.3400	0.4800	0.3500	0.1500	0.3500	0.3500	0.3500
Announcement Date	3/17/20	4/27/21	3/22/22	3/21/23	3/18/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	12.9%	17.8%	22.3%	16.2%	5.97%	7.31%	8.72%	9.87%
ROA (Net income/ Total Assets)	-	11.8%	14.8%	-	4.12%	4.48%	4.91%	5.28%
Assets ¹	-	5,175	6,437	-	7,728	9,341	11,046	12,815
Book Value Per Share ²	6.880	8.340	10.20	11.30	11.80	12.70	13.80	15.20
Cash Flow per Share ²	0.5100	0.0600	1.260	2.010	1.890	1.140	1.760	2.090
Capex ¹	349	270	618	645	354	355	291	416
Capex / Sales	13.57%	7.37%	13.06%	18.13%	10.11%	8.46%	5.81%	7.19%
Announcement Date	3/17/20	4/27/21	3/22/22	3/21/23	3/18/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

23.77 CNY

Average target price

25.92 CNY

Spread / Average Target

+9.05%

	1st Jan change	Capi.
FUJIAN TORCH ELECTRON TECHNOLOGY CO., LTD.	-10.20%	1.51B
HON HAI PRECISION INDUSTRY CO., LTD.	+102.87%	90.41B
MURATA MANUFACTURING CO., LTD	+26.63%	44.58B
LUXSHARE PRECISION INDUSTRY CO., LTD.	+22.06%	42.81B
LENS TECHNOLOGY CO., LTD.	+47.65%	13.9B
JABIL INC.	-10.08%	13.39B
COHERENT CORP.	+73.86%	12.27B
EOPTOLINK TECHNOLOGY INC., LTD.	+124.15%	11.12B
GOERTEK INC.	+9.85%	10.97B
BYD ELECTRONIC (INTERNATIONAL) COMPANY LIMITED	-4.23%	10.87B