002254 fundamentals

Key facts

Market capitalization‪8.74 B‬CNY
Founded1987
Employees (FY)‪3.05 K‬
CEOHai Ping Chi
About

Tayho Advanced Materials Group Co., Ltd. engages in the research, development, production, sale of spandex and aramid fibers. Its products include meta-aramid, para-aramid, aramid paper, ecody, and litme. The company was founded in 1987 and is headquartered in Yantai, China.

Ownership
‪‪834.20 M‬‬
Free Float shares
‪‪517.55 M‬‬ (62.04%)
Closely held shares
‪‪316.66 M‬‬ (37.96%)
Free Float shares
‪‪517.55 M‬‬ (62.04%)
Closely held shares
‪‪316.66 M‬‬ (37.96%)
Capital structure
Market cap
‪‪8.74 B‬‬
Debt
‪‪4.43 B‬‬
Minority interest
‪‪808.12 M‬‬
Cash & equivalents
‪‪1.97 B‬‬
Enterprise value
‪‪12.02 B‬‬

Valuation

Fundamental metrics to determine fair value of the stock

Summary
‪‪8.74 B‬‬
Price to earning ratio (P/E)
43.26x
Price to sales ratio (P/S)
2.18x
Market Cap
Net income
Revenue
Price to earning ratio (P/E)
43.26x
Price to sales ratio (P/S)
2.18x
Valuation ratios
‪0.00‬
‪0.90‬
‪1.80‬
‪2.70‬
‪3.60‬
Q3 '23
Q4 '23
Q1 '24
Q2 '24
Q3 '24
‪0.00‬
‪11.00‬
‪22.00‬
‪33.00‬
‪44.00‬
P/E
P/S

Growth and Profitability

Company’s recent performance and margins

Performance
‪2.5%‬
‪4.5%‬
‪6.5%‬
‪8.5%‬
‪10.5%‬
Q3 '23
Q4 '23
Q1 '24
Q2 '24
Q3 '24
‪0.00‬
‪‪260.00 M‬‬
‪‪520.00 M‬‬
‪‪780.00 M‬‬
‪‪1.04 B‬‬
Revenue
Net income
Net margin %
Revenue to profit conversion
Revenue
COGS
Gross profit
Op expenses
Op income
Non-Op income/ expenses
Taxes & Other
Net income
‪‪−350.00 M‬‬
‪0.00‬
‪‪350.00 M‬‬
‪‪700.00 M‬‬
‪‪1.05 B‬‬
Revenue
COGS
Gross profit
Expenses & adjustments
Net income
‪0.00‬
‪‪250.00 M‬‬
‪‪500.00 M‬‬
‪‪750.00 M‬‬
‪‪1.00 B‬‬

Revenue breakdown

Revenue streams and regions a business earns money from

By source/business
Period: 2023
Aramid
Spandex
Other
By country
Period: 2023
China
Overseas

Estimates

Revenue and Earnings forecasts and estimates accuracy

Revenue
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
‪0.00‬
‪‪350.00 M‬‬
‪‪700.00 M‬‬
‪‪1.05 B‬‬
‪‪1.40 B‬‬
Actual
Estimate
Earnings
Next:Apr 19, 2025
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
‪0.00‬
‪0.04‬
‪0.07‬
‪0.11‬
‪0.14‬
Actual
Estimate

Dividends

Dividend yield, history and sustainability

Dividend summary
123.00%
Payout ratio (TTM)
Dividend yield TTM
2.96%
Last payment
0.30
Last ex-date
Jun 6, 2024
Dividend history
‪0.0%‬
‪1.2%‬
‪2.4%‬
‪3.6%‬
‪4.8%‬
2019
2020
2021
2022
2023
‪0.00‬
‪0.20‬
‪0.40‬
‪0.60‬
‪0.80‬
Dividends per share (FY)
Dividend yield (FY) %

Financial health

Financial position and solvency of the company

Debt level and coverage
Q3 '23
Q4 '23
Q1 '24
Q2 '24
Q3 '24
‪‪−1.60 B‬‬
‪0.00‬
‪‪1.60 B‬‬
‪‪3.20 B‬‬
‪‪4.80 B‬‬
Debt
Free cash flow
Cash & equivalents
Financial position analysis
Short term
Long term
‪0.00‬
‪‪2.50 B‬‬
‪‪5.00 B‬‬
‪‪7.50 B‬‬
‪‪10.00 B‬‬
Assets
Liabilities