002043.SHE Dehua TB New Decoration Material Co Ltd
- Market cap
- CNY 10.4B
- P/E
- 18.8x
- P/B
- 3.06x
- ROE
- 18.5%
- Dividend yield
- 4.78%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 002043.SHE undervalued?
Graham number002043.SHE trades 59.8% above its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Dehua TB New Decoration Material Co Ltd fundamental analysis
No fundamental analysis for Dehua TB New Decoration Material Co Ltd yet.
Dehua TB New Decoration Material Co Ltd stock price
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About Dehua TB New Decoration Material Co Ltd
DeHua TB New Decoration Material Co.,Ltd produces and sells furniture boards in China and internationally. It operates through Decorative Materials and Customized Home Furnishings segments. The company also offers gypsum boards, engineered wood veneers, decorative paper, edge banding, hardware, and adhesives; and customized wardrobes, cabinets, flooring, wooden doors, and wall panels. It distributes its products through retail stores, home improvement companies, furniture fa…
Full company profileDehua TB New Decoration Material Co Ltd financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Dehua TB New Decoration Material Co Ltd annual financial statements (CNY; K = thousand, M = million, B = billion, T = trillion)
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 2.68B | 4.12B | 4.31B | 4.63B | 6.47B | 9.43B | 8.92B | 9.06B | 9.19B | 8.89B | 9.09B |
| Gross Profit | 511M | 706M | 703M | 786M | 1.22B | 1.64B | 1.61B | 1.66B | 1.66B | 942M | 1.52B |
| Operating Income | 296M | 437M | 397M | 469M | 561M | 944M | 602M | 901M | 781M | 942M | 874M |
| EBITDA | 336M | 474M | 461M | 552M | 678M | 1.06B | 703M | 982M | 865M | 1.00B | 867M |
| Net Income | 260M | 365M | 331M | 394M | 403M | 712M | 446M | 689M | 585M | 722M | 632M |
| EPS | 0.32 | 0.44 | 0.41 | 0.51 | 0.54 | 0.97 | 0.59 | 0.84 | 0.72 | 0.88 | 0.76 |
| Balance Sheet | |||||||||||
| Total Assets | 1.98B | 2.67B | 2.99B | 3.76B | 5.28B | 5.61B | 5.26B | 6.38B | 5.92B | 6.10B | 6.21B |
| Total Liabilities | 381M | 714M | 1.30B | 1.84B | 3.21B | 3.37B | 2.78B | 3.03B | 2.76B | -3.32B | 2.68B |
| Shareholders' Equity | 1.58B | 1.93B | 1.66B | 1.85B | 1.86B | 2.13B | 2.35B | 3.21B | 3.05B | 3.32B | 3.42B |
| Cash & Short-term Investments | 183M | 318M | 391M | 794M | 703M | 604M | 693M | 2.25B | 2.32B | 2.19B | 2.04B |
| Total Debt | 14.1M | 14.0M | 793M | 942M | 977M | 952M | 435M | 119M | 99.4M | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 388M | 436M | 301M | 697M | 813M | 860M | 934M | 1.91B | 1.15B | 863M | - |
| Capital Expenditure | 32.0M | 86.8M | 75.6M | 117M | 104M | 197M | 160M | 109M | 295M | 103M | 90.8M |
| Free Cash Flow | 356M | 349M | 226M | 580M | 709M | 664M | 773M | 1.80B | 857M | 760M | 574M |
| Ratios | |||||||||||
| ROE | 16.4% | 18.9% | 20.0% | 21.4% | 21.6% | 33.4% | 19.0% | 21.5% | 19.2% | 21.7% | 18.5% |
| ROA | 13.1% | 13.7% | 11.1% | 10.5% | 7.6% | 12.7% | 8.5% | 10.8% | 9.9% | 11.8% | 10.2% |
| Net Profit Margin | 9.7% | 8.9% | 7.7% | 8.5% | 6.2% | 7.5% | 5.0% | 7.6% | 6.4% | 8.1% | 7.0% |
| Debt to Equity | 0.01x | 0.01x | 0.48x | 0.51x | 0.53x | 0.45x | 0.19x | 0.04x | 0.03x | - | - |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
Dehua TB New Decoration Material Co Ltd dividends
- Dividend yield
- 4.78%
- Forward dividend
- 0.43 CNY
- Payout ratio
- 69.3%
- Ex-dividend date
- Sep 3, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 500M | 0.61 | 69.3% |
| 2024 | CNY 682M | 0.84 | 116.5% |
| 2023 | CNY 416M | 0.51 | 60.4% |
| 2022 | CNY 363M | 0.48 | 81.5% |
| 2021 | CNY 147M | 0.20 | 20.6% |
| 2020 | CNY 187M | 0.25 | 46.4% |
| 2019 | CNY 194M | 0.25 | 49.1% |
| 2018 | CNY 212M | 0.26 | 64.2% |
| 2017 | CNY 57.2M | 0.07 | 15.7% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 15:10 on Apr 28, 2016.
Who owns Dehua TB New Decoration Material Co Ltd
- Insiders 45.85%
- Institutions 18.28%
- Public & others 35.87%
- Shares outstanding 830M
- Free float 427M
Dehua TB New Decoration Material Co Ltd company profile
- Company name
- Dehua TB New Decoration Material Co Ltd
- Ticker
- 002043.SHE
- ISIN
- CNE000001LT1
- Exchange
- Shenzhen Stock Exchange
- Listed since
- Apr 19, 2005
- Sector
- Basic Materials
- Industry
- Paper & Forest Products
- Employees
- 2,965
- Fiscal year end
- December
- Address
- No. 588, Linxi Street, Deqing, China, 313200
- Phone
- 86 57 2840 5635
- Website
- tubaobao.com
About Dehua TB New Decoration Material Co Ltd
DeHua TB New Decoration Material Co.,Ltd produces and sells furniture boards in China and internationally. It operates through Decorative Materials and Customized Home Furnishings segments. The company also offers gypsum boards, engineered wood veneers, decorative paper, edge banding, hardware, and adhesives; and customized wardrobes, cabinets, flooring, wooden doors, and wall panels. It distributes its products through retail stores, home improvement companies, furniture factories, and commercial projects. DeHua TB New Decoration Material Co.,Ltd was founded in 1992 and is based in Deqing, China.
Dehua TB New Decoration Material Co Ltd management
8- Mr. Lihua LuVice Chairman & GM · born 1966
- Ms. Piao Piao RuanCFO & Accounting Supervisor · born 1988
- Mr. Jun XuDeputy GM & Director · born 1967
- Mr. Tao DingDeputy GM, Board Secretary & Director · born 1985
- Mr. Xianxu ZhanDeputy General Manager · born 1975
- Mr. Jianfeng ZhaoDeputy General Manager · born 1982
- Mr. Yiqiang ShenDeputy General Manager · born 1986
- Mr. Weida XuDeputy General Manager · born 1970