SHENZHEN TOPWAY VIDEO COMMUNICATION CO., LTD |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9.63 CNY | -3.60% |
|
-3.22% | -37.99% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 4,013 | 4,834 | 5,530 | 5,056 | 5,305 | 12,464 |
| Enterprise Value (EV) 1 | 2,453 | 3,353 | 4,708 | 4,200 | 4,443 | 11,926 |
| P/E ratio | 20.3 x | 25.3 x | 30 x | 35 x | 47.2 x | 97.1 x |
| Yield | 7.69% | 12.8% | 1.45% | 1.59% | 1.51% | 0.64% |
| Capitalization / Revenue | 2.57 x | 2.85 x | 3.17 x | 2.84 x | 3.53 x | 8.43 x |
| EV / Revenue | 1.57 x | 1.97 x | 2.7 x | 2.36 x | 2.95 x | 8.07 x |
| EV / EBITDA | 7.51 x | 11.4 x | 15.9 x | 15.8 x | 19.7 x | 51.5 x |
| EV / FCF | 45.2 x | 23.6 x | 28 x | 88 x | 50 x | -39.9 x |
| FCF Yield | 2.21% | 4.24% | 3.57% | 1.14% | 2% | -2.51% |
| Price to Book | 1.45 x | 1.82 x | 2.5 x | 2.22 x | 2.3 x | 5.31 x |
| Nbr of stocks (in thousands) | 802,559 | 802,559 | 802,559 | 802,559 | 802,559 | 802,559 |
| Reference price 2 | 5.000 | 6.023 | 6.890 | 6.300 | 6.610 | 15.53 |
| Announcement Date | 3/28/19 | 4/9/20 | 3/30/21 | 4/14/22 | 3/30/23 | 4/1/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,560 | 1,699 | 1,744 | 1,779 | 1,505 | 1,478 |
| EBITDA 1 | 326.7 | 295 | 295.6 | 266.4 | 225.7 | 231.5 |
| EBIT 1 | 142.8 | 119.3 | 122.9 | 87.6 | 50.06 | 45.3 |
| Operating Margin | 9.15% | 7.02% | 7.05% | 4.92% | 3.33% | 3.07% |
| Earnings before Tax (EBT) 1 | 202 | 185.9 | 181 | 141.1 | 107.2 | 108.1 |
| Net income 1 | 197.2 | 188.4 | 182.1 | 142 | 109.8 | 125.1 |
| Net margin | 12.64% | 11.09% | 10.44% | 7.98% | 7.3% | 8.46% |
| EPS 2 | 0.2462 | 0.2385 | 0.2300 | 0.1800 | 0.1400 | 0.1600 |
| Free Cash Flow 1 | 54.29 | 142.3 | 168.1 | 47.73 | 88.84 | -299.2 |
| FCF margin | 3.48% | 8.38% | 9.64% | 2.68% | 5.9% | -20.25% |
| FCF Conversion (EBITDA) | 16.62% | 48.25% | 56.87% | 17.92% | 39.35% | - |
| FCF Conversion (Net income) | 27.53% | 75.56% | 92.31% | 33.6% | 80.89% | - |
| Dividend per Share 2 | 0.3846 | 0.7692 | 0.1000 | 0.1000 | 0.1000 | 0.1000 |
| Announcement Date | 3/28/19 | 4/9/20 | 3/30/21 | 4/14/22 | 3/30/23 | 4/1/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 1,560 | 1,481 | 822 | 856 | 862 | 538 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 54.3 | 142 | 168 | 47.7 | 88.8 | -299 |
| ROE (net income / shareholders' equity) | 7.04% | 6.6% | 7.17% | 6.08% | 4.53% | 4.96% |
| ROA (Net income/ Total Assets) | 2.29% | 1.93% | 1.99% | 1.44% | 0.81% | 0.67% |
| Assets 1 | 8,603 | 9,760 | 9,153 | 9,866 | 13,596 | 18,562 |
| Book Value Per Share 2 | 3.460 | 3.300 | 2.760 | 2.830 | 2.870 | 2.930 |
| Cash Flow per Share 2 | 1.230 | 1.160 | 1.340 | 1.090 | 1.410 | 1.230 |
| Capex 1 | 291 | 240 | 244 | 270 | 313 | 615 |
| Capex / Sales | 18.63% | 14.15% | 13.98% | 15.16% | 20.78% | 41.6% |
| Announcement Date | 3/28/19 | 4/9/20 | 3/30/21 | 4/14/22 | 3/30/23 | 4/1/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -37.99% | 1.07B | |
| -34.41% | 7.56B | |
| -26.37% | 647M | |
| -29.70% | 597M | |
| -0.94% | 449M | |
| +14.81% | 387M | |
| -27.10% | 376M | |
| -1.40% | 334M | |
| -12.87% | 281M | |
| +5.62% | 249M |
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