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 13,738 - -
Change - -33.49% 22.98% -15.21% 0% -38.1% - -
Enterprise Value (EV) 1 57,835 47,810 55,627 50,357 46,638 23,266 19,426 21,136
Change - -17.33% 16.35% -9.47% -7.39% -50.11% -16.5% 8.8%
P/E 20.7x 189x -12.5x -33.2x 132x 29.7x 26.9x 25.6x
PBR 0.92x 0.71x 0.94x 0.81x 0.81x 0.46x 0.45x 0.45x
PEG - -2x 0x 0.5x -1x 0x 2.6x 5.38x
Capitalization / Revenue 1.01x 0.68x 0.81x 0.66x 0.61x 0.34x 0.3x 0.28x
EV / Revenue 1.82x 1.52x 1.72x 1.5x 1.29x 0.57x 0.43x 0.43x
EV / EBITDA 10.8x 11.5x 18.5x 9.26x 7.65x 4.92x 4.01x -66.3x
EV / EBIT 35.6x 371x -28.9x -112x 174x -27.1x -59x -66.3x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.07 - - - - - 0.03 0.03
Rate of return 0.54% - - - - - 0.53% 0.53%
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 5.640 5.640 5.640
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
29.68x0.57x4.92x-.--% 2.06B
29.54x5.6x16.69x0.65% 196B
30.78x11.15x20.03x0.88% 115B
13.11x0.29x6.43x3.86% 103B
42.84x5.62x19.05x0.94% 104B
16.89x2.97x11x1.41% 62.9B
19.88x1.07x12.28x0.68% 62.41B
24.86x4.17x13.34x1.29% 61.79B
40.76x4.79x20.32x0.3% 50.85B
497.82x112.01x377.14x - 46.35B
Average 74.62x 14.82x 50.12x 1.11% 80B
Weighted average by Cap. 54.94x 11.12x 36.09x 1.26%

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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