FIRST TRACTOR COMPANY LIMITED Financials First Tractor Company Limited Shanghai S.E.
Equities
601038
CNE100001JN7
Heavy Machinery & Vehicles
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 18.58 CNY | +2.99% |
|
+1.03% | +27.52% |
| Apr. 25 | First Tractor Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Mar. 28 | First Tractor Logs 46% Boost in 2023 Profit | MT |
Valuation
| Fiscal Period: December | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Capitalization 1 | 9,533 | 12,442 | 16,616 | - |
| Enterprise Value (EV) 1 | 9,533 | 12,442 | 16,616 | 16,616 |
| P/E ratio | - | - | - | - |
| Yield | - | - | - | - |
| Capitalization / Revenue | 0.77 x | 1.08 x | 1.26 x | 1.12 x |
| EV / Revenue | 0.77 x | 1.08 x | 1.26 x | 1.12 x |
| EV / EBITDA | 10.4 x | 9.63 x | 11.9 x | 9.79 x |
| EV / FCF | - | - | - | - |
| FCF Yield | - | - | - | - |
| Price to Book | - | - | - | - |
| Nbr of stocks (in thousands) | 1,123,645 | 1,123,645 | 1,123,645 | - |
| Reference price 2 | 3.690 | 4.960 | 8.320 | 8.320 |
| Announcement Date | 3/21/23 | 3/27/24 | - | - |
1HKD in Million2
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net sales 1 | - | 12,455 | 11,534 | 13,136 | 14,855 |
| EBITDA 1 | - | 920.5 | 1,292 | 1,398 | 1,698 |
| EBIT 1 | - | 588 | 996.3 | 1,162 | 1,488 |
| Operating Margin | - | 4.72% | 8.64% | 8.85% | 10.02% |
| Earnings before Tax (EBT) 1 | - | 611.9 | 1,003 | 1,191 | 1,515 |
| Net income 1 | 438.2 | 681.1 | 997 | 1,212 | 1,575 |
| Net margin | - | 5.47% | 8.64% | 9.23% | 10.6% |
| EPS | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - |
| FCF margin | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - |
| Announcement Date | 3/29/22 | 3/21/23 | 3/27/24 | - | - |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - |
| Net Cash position | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - |
| ROE (net income / shareholders' equity) | - | 12% | 15.8% | 16.1% | 18.1% |
| ROA (Net income/ Total Assets) | - | 5.38% | 7.44% | 8.2% | 9.3% |
| Assets 1 | - | 12,663 | 13,404 | 14,780 | 16,935 |
| Book Value Per Share | - | - | - | - | - |
| Cash Flow per Share | - | - | - | - | - |
| Capex 1 | - | 87.1 | 84.5 | 150 | 150 |
| Capex / Sales | - | 0.7% | 0.73% | 1.14% | 1.01% |
| Announcement Date | 3/29/22 | 3/21/23 | 3/27/24 | - | - |
1CNY in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Sell
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
7.708
CNY
Average target price
5.499
CNY
Spread / Average Target
-28.66%
Chiffre d''affaires - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +0.85% | 112B | |
| -6.48% | 9.22B | |
| +16.46% | 4.61B | |
| +3.34% | 4.11B | |
| +36.59% | 2.91B | |
| -7.17% | 1.31B | |
| -1.03% | 695M | |
| +99.05% | 597M | |
| +39.64% | 561M |
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