Company Valuation: Tianma Microelectronics Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 32,000 21,284 26,175 22,193 22,193 14,006 - -
Change - -33.49% 22.98% -15.21% 0% -36.89% - -
Enterprise Value (EV) 1 57,835 47,810 55,627 50,357 46,638 23,534 19,694 21,404
Change - -17.33% 16.35% -9.47% -7.39% -49.54% -16.32% 8.68%
P/E 20.7x 189x -12.5x -33.2x 132x 30.3x 27.4x 26.1x
PBR 0.92x 0.71x 0.94x 0.81x 0.81x 0.47x 0.46x 0.46x
PEG - -2x 0x 0.5x -1x 0x 2.6x 5.48x
Capitalization / Revenue 1.01x 0.68x 0.81x 0.66x 0.61x 0.35x 0.31x 0.28x
EV / Revenue 1.82x 1.52x 1.72x 1.5x 1.29x 0.58x 0.43x 0.43x
EV / EBITDA 10.8x 11.5x 18.5x 9.26x 7.65x 4.98x 4.06x -67.2x
EV / EBIT 35.6x 371x -28.9x -112x 174x -27.4x -59.8x -67.2x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.07 - - - - - 0.03 0.03
Rate of return 0.54% - - - - - 0.52% 0.52%
EPS 2 0.6276 0.0458 -0.8535 -0.272 0.0682 0.19 0.21 0.22
Distribution rate 11.2% - - - - - 14.3% 13.6%
Net sales 1 31,829 31,447 32,271 33,494 36,227 40,559 45,394 49,286
EBITDA 1 5,374 4,171 3,015 5,439 6,099 4,730 4,845 -318.7
EBIT 1 1,623 129 -1,926 -449 268.7 -858.1 -329.1 -318.7
Net income 1 1,542 112.5 -2,098 -668.6 167.4 456.7 527.4 537.2
Net Debt 1 25,835 26,526 29,452 28,163 24,444 9,528 5,688 7,399
Reference price 2 13.020 8.660 10.650 9.030 9.030 5.750 5.750 5.750
Nbr of stocks (in thousands) 2,457,748 2,457,748 2,457,748 2,457,748 2,457,748 2,435,776 - -
Announcement Date 14/03/22 14/03/23 14/03/24 14/03/25 13/03/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
31.16x0.59x5.06x-.--% 2.16B
29.39x5.52x16.76x0.67% 186B
33.07x11.73x21.39x0.83% 119B
47.48x5.98x20.47x0.88% 110B
13.15x0.3x6.61x3.83% 105B
30.33x4.93x16.24x1.14% 71.64B
52.72x5.72x26.14x0.26% 62.07B
17.89x1.06x11.88x0.7% 60.11B
19.66x3.31x12.68x1.36% 61.92B
16.39x5.79x11.76x0.77% 52.59B
Average 29.12x 4.49x 14.90x 1.04% 83.05B
Weighted average by Cap. 29.70x 5.29x 16.28x 1.19%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Tianma Microelectronics Co., Ltd.

Historical PBR trend

Valuation ratios - PBR - Tianma Microelectronics Co., Ltd.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Tianma Microelectronics Co., Ltd.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Tianma Microelectronics Co., Ltd.


Year-on-year evolution of the Yield

Valuation ratios - Yield - Tianma Microelectronics Co., Ltd.
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