Financials Chongqing Taiji Industry(Group) Co.,Ltd

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-05-23 pm EDT			5-day change	1st Jan Change
36.48 ^CNY	-0.38%		-5.74%	-21.48%

Apr. 25	Chongqing Taiji Industry(Group) Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Mar. 28	Chongqing Taiji Industry(Group) Co.,Ltd Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	7,423	12,508	16,740	25,873	20,315	-	-
Enterprise Value (EV) ¹	7,423	12,508	16,740	25,873	20,315	20,315	20,315
P/E ratio	111 x	-23.9 x	47.7 x	31.4 x	18.8 x	14.3 x	12.6 x
Yield	-	-	-	0.65%	1.59%	1.74%	1.97%
Capitalization / Revenue	-	1.03 x	1.19 x	1.66 x	1.14 x	0.94 x	0.91 x
EV / Revenue	-	1.03 x	1.19 x	1.66 x	1.14 x	0.94 x	0.91 x
EV / EBITDA	-	-63 x	19.2 x	18.7 x	11.5 x	8.94 x	8.63 x
EV / FCF	-	-	-	-3,066 x	15.3 x	13.2 x	13.9 x
FCF Yield	-	-	-	-0.03%	6.53%	7.55%	7.2%
Price to Book	-	4.59 x	5.46 x	7.14 x	4.43 x	3.35 x	2.84 x
Nbr of stocks (in thousands)	556,891	556,891	556,891	556,891	556,891	-	-
Reference price ²	13.33	22.46	30.06	46.46	36.48	36.48	36.48
Announcement Date	4/23/21	3/30/22	3/30/23	3/28/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	12,149	14,051	15,623	17,823	21,675	22,323
EBITDA ¹	-	-198.5	871.5	1,382	1,767	2,273	2,355
EBIT ¹	-	-497.4	430	1,023	1,343	1,819	2,015
Operating Margin	-	-4.09%	3.06%	6.55%	7.53%	8.39%	9.03%
Earnings before Tax (EBT) ¹	-	-494.1	442.8	1,027	1,349	1,827	2,020
Net income ¹	66.07	-523.2	349.7	822.1	1,080	1,420	1,609
Net margin	-	-4.31%	2.49%	5.26%	6.06%	6.55%	7.21%
EPS ²	0.1200	-0.9395	0.6300	1.480	1.940	2.550	2.888
Free Cash Flow ¹	-	-	-	-8.439	1,326	1,534	1,463
FCF margin	-	-	-	-0.05%	7.44%	7.08%	6.55%
FCF Conversion (EBITDA)	-	-	-	-	75.06%	67.5%	62.13%
FCF Conversion (Net income)	-	-	-	-	122.79%	108.01%	90.93%
Dividend per Share ²	-	-	-	0.3000	0.5800	0.6350	0.7200
Announcement Date	4/23/21	3/30/22	3/30/23	3/28/24	-	-	-

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 ¹	-	-	-	-8.44	1,326	1,534	1,463
ROE (net income / shareholders' equity)	-	-17.5%	12.1%	23.8%	23.7%	23.6%	22.5%
ROA (Net income/ Total Assets)	-	-3.78%	2.51%	-	6.73%	7.08%	7.53%
Assets ¹	-	13,828	13,938	-	16,062	20,075	21,361
Book Value Per Share ²	-	4.900	5.500	6.500	8.230	10.90	12.90
Cash Flow per Share ²	-	1.000	3.230	1.210	2.490	3.470	3.890
Capex ¹	-	220	432	680	648	1,762	588
Capex / Sales	-	1.81%	3.07%	4.35%	3.63%	8.13%	2.63%
Announcement Date	4/23/21	3/30/22	3/30/23	3/28/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

36.48 CNY

Average target price

52.83 CNY

Spread / Average Target

+44.82%

	1st Jan change	Capi.
CHONGQING TAIJI INDUSTRY(GROUP) CO.,LTD	-21.48%	2.81B
ELI LILLY AND COMPANY	+38.51%	727B
NOVO NORDISK A/S	+33.05%	599B
JOHNSON & JOHNSON	-6.23%	354B
MERCK & CO., INC.	+18.78%	328B
ABBVIE INC.	+1.35%	277B
ASTRAZENECA PLC	+16.00%	243B
NOVARTIS AG	+8.09%	205B
ROCHE HOLDING AG	-5.77%	203B
AMGEN INC.	+6.19%	164B