Financials Triumph Science & Technology Co.,Ltd

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-07-10 pm EDT			5-day change	1st Jan Change
9.46 ^CNY	+3.84%		+6.05%	-29.03%

Apr. 29	Triumph Science & Technology Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 19	Mainland China and Hong Kong stocks fall on Middle East tensions	RE

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	5,256	8,953	8,728	12,592	8,936	-	-
Enterprise Value (EV) ¹	5,256	8,953	8,728	12,592	8,936	8,936	8,936
P/E ratio	43.5 x	56.9 x	51.3 x	117 x	40.8 x	27.2 x	21.7 x
Yield	-	0.85%	0.54%	0.38%	0.99%	1.37%	1.59%
Capitalization / Revenue	-	1.42 x	1.89 x	2.51 x	1.46 x	1.19 x	1.07 x
EV / Revenue	-	1.42 x	1.89 x	2.51 x	1.46 x	1.19 x	1.07 x
EV / EBITDA	-	17.9 x	15.3 x	23.3 x	11.4 x	8.89 x	6.9 x
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	-	3.36 x	2.14 x	3.09 x	2.1 x	1.98 x	1.84 x
Nbr of stocks (in thousands)	763,884	763,884	944,607	944,607	944,607	-	-
Reference price ²	6.880	11.72	9.240	13.33	9.460	9.460	9.460
Announcement Date	3/30/21	3/9/22	4/11/23	4/18/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	6,324	4,623	5,010	6,132	7,504	8,362
EBITDA ¹	-	501	571.7	541	785.4	1,005	1,295
EBIT ¹	-	282.9	272.8	204.6	376.4	556	718.1
Operating Margin	-	4.47%	5.9%	4.08%	6.14%	7.41%	8.59%
Earnings before Tax (EBT) ¹	-	282.3	274.6	202.4	375.5	555.1	716.9
Net income ¹	120.8	157.4	140.3	107.2	221.6	328.9	410.2
Net margin	-	2.49%	3.04%	2.14%	3.61%	4.38%	4.91%
EPS ²	0.1581	0.2061	0.1801	0.1135	0.2320	0.3480	0.4350
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	-	0.1000	0.0500	0.0500	0.0933	0.1300	0.1500
Announcement Date	3/30/21	3/9/22	4/11/23	4/18/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	5.91%	4.22%	2.54%	5.24%	7.34%	8.47%
ROA (Net income/ Total Assets)	-	2.11%	1.55%	1.06%	2.06%	2.72%	2.97%
Assets ¹	-	7,455	9,067	10,070	10,738	12,105	13,812
Book Value Per Share ²	-	3.490	4.320	4.320	4.500	4.780	5.140
Cash Flow per Share ²	-	0.6400	0.4400	0.1400	1.240	-0.0200	1.740
Capex ¹	-	221	410	614	678	689	742
Capex / Sales	-	3.49%	8.88%	12.25%	11.06%	9.18%	8.87%
Announcement Date	3/30/21	3/9/22	4/11/23	4/18/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

9.46 CNY

Average target price

13.52 CNY

Spread / Average Target

+42.97%

	1st Jan change	Capi.
TRIUMPH SCIENCE & TECHNOLOGY CO.,LTD	-29.03%	1.23B
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E INK HOLDINGS INC.	+41.62%	9.84B
LG DISPLAY CO., LTD.	+1.57%	4.72B
AUO CORPORATION	+4.13%	4.47B
INNOLUX CORPORATION	+5.59%	4.42B
EVERDISPLAY OPTRONICS (SHANGHAI) CO., LTD.	-15.23%	3.93B
CAIHONG DISPLAY DEVICES CO.,LTD.	+11.70%	3.73B
TIANMA MICROELECTRONICS CO., LTD.	-28.73%	2.57B