First Tractor Company Limited Logo

First Tractor Company Limited

601038.SS

(3.0)
Stock Price

15,31 CNY

8.15% ROA

16.39% ROE

18.95x PER

Market Cap.

17.445.665.021,00 CNY

32.26% DER

1.65% Yield

9.52% NPM

First Tractor Company Limited Stock Analysis

First Tractor Company Limited Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

First Tractor Company Limited Fundamental Stock Analysis
# Analysis Rating
1 DER

The stock has a low debt to equity ratio (5%), which means it has a small amount of debt compared to the ownership it holds

2 Net Profit Growth

Throughout the past five years, this company has consistently experienced net profit growth, indicating a strong financial performance and making it an attractive investment prospect.

3 ROE

ROE in an average range (10.93%) suggests satisfactory profitability and decent utilization of shareholders' equity.

4 ROA

The stock's ROA (4.94%) shows that it's doing a pretty good job at making money from its assets, making it a solid choice to invest and earn steady profits.

5 PBV

The stock's PBV ratio (2.08x) indicates a justifiable valuation, presenting a compelling choice for investors seeking reasonable returns.

6 Revenue Growth

With a track record of continuous revenue growth in the last three years, this company offers a promising investment opportunity

7 Assets Growth

This company's revenue has shown remarkable growth over the past three years, making it an excellent choice for seeking a consistently prosperous investment.

8 Dividend Growth

The company's dividend growth has exhibited a remarkable upward trend over the past three years, consistently delivering higher payouts to shareholders.

9 Dividend

Investors can rely on the company's consistent dividend payments over the past three years, offering a steady stream of returns.

10 Buffet Intrinsic Value

Warren Buffett's formula suggests that the company's stock is undervalued (288), making it an appealing investment prospect with its intrinsic value surpassing the current market price.

11 Graham Number

The Graham number of this company suggests that its stock price may be overvalued, indicating a less favorable investment opportunity.

First Tractor Company Limited Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

First Tractor Company Limited Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Hold
2 MACD Buy
3 RSI Hold
4 Stoch RSI Sell

First Tractor Company Limited Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

First Tractor Company Limited Revenue
Year Revenue Growth
2004 4.246.554.000
2005 4.765.828.000 10.9%
2006 6.101.451.000 21.89%
2007 6.775.434.000 9.95%
2008 8.256.253.806 17.94%
2009 9.351.032.630 11.71%
2010 10.278.194.594 9.02%
2011 11.328.544.998 9.27%
2012 11.317.998.434 -0.09%
2013 11.037.839.563 -2.54%
2014 9.056.604.508 -21.88%
2015 9.899.753.419 8.52%
2016 8.926.947.362 -10.9%
2017 7.357.944.190 -21.32%
2018 5.681.547.536 -29.51%
2019 5.830.175.119 2.55%
2020 7.582.476.787 23.11%
2021 9.333.808.881 18.76%
2022 12.563.780.344 25.71%
2023 12.013.046.906 -4.58%
2023 11.484.720.615 -4.6%
2024 12.551.885.384 8.5%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

First Tractor Company Limited Research and Development Expenses
Year Research and Development Expenses Growth
2004 0
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 383.639.591 100%
2013 399.132.321 3.88%
2014 405.569.602 1.59%
2015 389.241.683 -4.19%
2016 404.592.452 3.79%
2017 386.339.439 -4.72%
2018 378.394.140 -2.1%
2019 356.609.547 -6.11%
2020 339.036.171 -5.18%
2021 415.352.332 18.37%
2022 528.782.269 21.45%
2023 439.336.670 -20.36%
2023 422.759.064 -3.92%
2024 405.217.096 -4.33%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

First Tractor Company Limited General and Administrative Expenses
Year General and Administrative Expenses Growth
2004 241.439.000
2005 262.482.000 8.02%
2006 338.610.000 22.48%
2007 395.811.000 14.45%
2008 477.733.835 17.15%
2009 654.236.158 26.98%
2010 645.973.687 -1.28%
2011 677.203.771 4.61%
2012 94.038.125 -620.14%
2013 161.641.823 41.82%
2014 174.913.439 7.59%
2015 160.724.509 -8.83%
2016 101.184.206 -58.84%
2017 99.152.305 -2.05%
2018 113.619.006 12.73%
2019 73.782.420 -53.99%
2020 49.058.119 -50.4%
2021 50.544.214 2.94%
2022 395.202.295 87.21%
2023 944.726.335 58.17%
2023 58.404.626 -1517.55%
2024 333.895.788 82.51%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

First Tractor Company Limited EBITDA
Year EBITDA Growth
2004 123.399.000
2005 18.830.000 -555.33%
2006 201.977.000 90.68%
2007 385.528.000 47.61%
2008 333.953.062 -15.44%
2009 569.632.917 41.37%
2010 826.354.436 31.07%
2011 744.534.640 -10.99%
2012 753.187.660 1.15%
2013 824.697.500 8.67%
2014 789.402.647 -4.47%
2015 821.588.379 3.92%
2016 813.907.051 -0.94%
2017 593.118.847 -37.22%
2018 -591.316.600 200.3%
2019 695.851.388 184.98%
2020 1.279.120.185 45.6%
2021 1.605.586.974 20.33%
2022 1.324.748.738 -21.2%
2023 1.336.740.839 0.9%
2023 1.053.933.219 -26.83%
2024 1.471.685.920 28.39%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

First Tractor Company Limited Gross Profit
Year Gross Profit Growth
2004 341.019.000
2005 357.765.000 4.68%
2006 592.358.000 39.6%
2007 799.412.000 25.9%
2008 971.915.104 17.75%
2009 1.364.011.603 28.75%
2010 1.539.157.338 11.38%
2011 1.552.881.997 0.88%
2012 1.555.427.465 0.16%
2013 1.718.069.603 9.47%
2014 1.569.233.966 -9.48%
2015 2.038.070.250 23%
2016 1.782.370.042 -14.35%
2017 1.305.818.809 -36.49%
2018 570.260.317 -128.99%
2019 988.150.805 42.29%
2020 1.536.247.413 35.68%
2021 1.598.607.985 3.9%
2022 2.054.096.435 22.17%
2023 2.197.505.406 6.53%
2023 1.671.234.880 -31.49%
2024 1.933.021.064 13.54%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

First Tractor Company Limited Net Profit
Year Net Profit Growth
2004 9.860.000
2005 -60.299.000 116.35%
2006 72.216.000 183.5%
2007 197.780.000 63.49%
2008 78.566.641 -151.74%
2009 252.422.877 68.87%
2010 542.669.716 53.48%
2011 410.819.157 -32.09%
2012 349.058.312 -17.69%
2013 221.949.807 -57.27%
2014 167.698.247 -32.35%
2015 135.322.811 -23.92%
2016 223.369.729 39.42%
2017 56.514.222 -295.25%
2018 -1.300.108.774 104.35%
2019 126.513.125 1127.65%
2020 280.150.740 54.84%
2021 433.343.206 35.35%
2022 681.050.957 36.37%
2023 1.324.199.885 48.57%
2023 997.022.699 -32.82%
2024 1.223.813.700 18.53%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

First Tractor Company Limited Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2004 0
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 1 0%
2011 1 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 -1 100%
2019 0 0%
2020 0 0%
2021 0 0%
2022 1 0%
2023 1 100%
2023 1 0%
2024 1 100%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

First Tractor Company Limited Free Cashflow
Year Free Cashflow Growth
2004 -412.014.000
2005 57.920.000 811.35%
2006 61.196.000 5.35%
2007 -100.454.000 160.92%
2008 138.529.282 172.51%
2009 183.108.072 24.35%
2010 -23.823.384 868.61%
2011 -140.685.599 83.07%
2012 54.069.031 360.2%
2013 -606.322.264 108.92%
2014 -581.947.401 -4.19%
2015 227.044.338 356.31%
2016 1.875.337.882 87.89%
2017 -849.466.399 320.77%
2018 -652.829.887 -30.12%
2019 81.615.245 899.89%
2020 1.167.570.612 93.01%
2021 514.434.113 -126.96%
2022 3.507.816.098 85.33%
2023 517.949.073 -577.25%
2023 1.000.611.863 48.24%
2024 632.184.791 -58.28%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

First Tractor Company Limited Operating Cashflow
Year Operating Cashflow Growth
2004 -282.118.000
2005 241.468.000 216.83%
2006 242.184.000 0.3%
2007 86.092.000 -181.31%
2008 329.800.556 73.9%
2009 338.319.929 2.52%
2010 543.234.318 37.72%
2011 463.696.294 -17.15%
2012 555.132.844 16.47%
2013 -131.904.553 520.86%
2014 74.866.397 276.19%
2015 637.795.720 88.26%
2016 2.093.174.716 69.53%
2017 -556.313.932 476.26%
2018 -384.397.748 -44.72%
2019 330.731.669 216.23%
2020 1.248.778.258 73.52%
2021 582.279.759 -114.46%
2022 3.602.007.317 83.83%
2023 546.304.971 -559.34%
2023 1.089.713.180 49.87%
2024 671.282.274 -62.33%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

First Tractor Company Limited Capital Expenditure
Year Capital Expenditure Growth
2004 129.896.000
2005 183.548.000 29.23%
2006 180.988.000 -1.41%
2007 186.546.000 2.98%
2008 191.271.274 2.47%
2009 155.211.857 -23.23%
2010 567.057.702 72.63%
2011 604.381.893 6.18%
2012 501.063.812 -20.62%
2013 474.417.711 -5.62%
2014 656.813.798 27.77%
2015 410.751.382 -59.91%
2016 217.836.833 -88.56%
2017 293.152.468 25.69%
2018 268.432.139 -9.21%
2019 249.116.423 -7.75%
2020 81.207.645 -206.76%
2021 67.845.646 -19.69%
2022 94.191.219 27.97%
2023 28.355.898 -232.18%
2023 89.101.317 68.18%
2024 39.097.483 -127.9%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

First Tractor Company Limited Equity
Year Equity Growth
2004 2.236.776.000
2005 2.177.455.000 -2.72%
2006 2.368.049.000 8.05%
2007 2.752.893.000 13.98%
2008 2.815.880.874 2.24%
2009 3.074.538.793 8.41%
2010 3.544.028.082 13.25%
2011 3.775.588.175 6.13%
2012 4.891.884.419 22.82%
2013 5.228.300.703 6.43%
2014 5.320.826.899 1.74%
2015 5.398.584.546 1.44%
2016 5.503.638.288 1.91%
2017 5.438.982.477 -1.19%
2018 4.656.075.769 -16.81%
2019 4.783.865.789 2.67%
2020 4.975.521.836 3.85%
2021 5.982.223.146 16.83%
2022 6.497.170.875 7.93%
2023 7.219.329.662 10%
2023 7.331.072.679 1.52%
2024 7.767.379.041 5.62%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

First Tractor Company Limited Assets
Year Assets Growth
2004 3.649.665.000
2005 3.821.630.000 4.5%
2006 4.991.222.000 23.43%
2007 5.488.083.000 9.05%
2008 5.743.473.330 4.45%
2009 6.043.649.269 4.97%
2010 8.341.699.937 27.55%
2011 9.167.788.290 9.01%
2012 10.731.867.243 14.57%
2013 11.668.342.025 8.03%
2014 12.355.694.645 5.56%
2015 13.272.449.559 6.91%
2016 13.210.513.281 -0.47%
2017 14.102.773.527 6.33%
2018 13.140.741.755 -7.32%
2019 11.629.022.385 -13%
2020 12.342.608.882 5.78%
2021 12.339.594.556 -0.02%
2022 12.986.142.323 4.98%
2023 13.817.261.971 6.02%
2023 14.742.704.972 6.28%
2024 14.781.260.907 0.26%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

First Tractor Company Limited Liabilities
Year Liabilities Growth
2004 1.412.889.000
2005 1.626.733.000 13.15%
2006 2.586.657.000 37.11%
2007 2.710.523.000 4.57%
2008 2.927.592.456 7.41%
2009 2.969.110.476 1.4%
2010 4.797.671.855 38.11%
2011 5.392.200.115 11.03%
2012 5.839.982.823 7.67%
2013 6.440.041.322 9.32%
2014 7.034.867.745 8.46%
2015 7.873.865.012 10.66%
2016 7.706.874.992 -2.17%
2017 8.663.791.049 11.05%
2018 8.484.665.985 -2.11%
2019 6.845.156.596 -23.95%
2020 7.367.087.045 7.08%
2021 6.357.371.409 -15.88%
2022 6.488.971.447 2.03%
2023 6.415.987.035 -1.14%
2023 7.411.632.293 13.43%
2024 6.845.983.672 -8.26%

First Tractor Company Limited Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
10.73
Net Income per Share
1.02
Price to Earning Ratio
18.95x
Price To Sales Ratio
1.45x
POCF Ratio
21.2
PFCF Ratio
19.34
Price to Book Ratio
3.01
EV to Sales
1.47
EV Over EBITDA
14.02
EV to Operating CashFlow
17.28
EV to FreeCashFlow
19.66
Earnings Yield
0.05
FreeCashFlow Yield
0.05
Market Cap
17,45 Bil.
Enterprise Value
17,73 Bil.
Graham Number
12.17
Graham NetNet
-1.14

Income Statement Metrics

Net Income per Share
1.02
Income Quality
0.89
ROE
0.16
Return On Assets
0.08
Return On Capital Employed
0.11
Net Income per EBT
0.93
EBT Per Ebit
1.31
Ebit per Revenue
0.08
Effective Tax Rate
0.1

Margins

Sales, General, & Administrative to Revenue
0.02
Research & Developement to Revenue
0.04
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.16
Operating Profit Margin
0.08
Pretax Profit Margin
0.1
Net Profit Margin
0.1

Dividends

Dividend Yield
0.02
Dividend Yield %
1.65
Payout Ratio
0.55
Dividend Per Share
0.32

Operating Metrics

Operating Cashflow per Share
0.91
Free CashFlow per Share
0.8
Capex to Operating CashFlow
0.12
Capex to Revenue
0.01
Capex to Depreciation
1.26
Return on Invested Capital
0.09
Return on Tangible Assets
0.08
Days Sales Outstanding
53.77
Days Payables Outstanding
105.34
Days of Inventory on Hand
39.89
Receivables Turnover
6.79
Payables Turnover
3.46
Inventory Turnover
9.15
Capex per Share
0.11

Balance Sheet

Cash per Share
3,27
Book Value per Share
7,06
Tangible Book Value per Share
6.45
Shareholders Equity per Share
6.44
Interest Debt per Share
2.1
Debt to Equity
0.32
Debt to Assets
0.16
Net Debt to EBITDA
0.23
Current Ratio
1.09
Tangible Asset Value
7,24 Bil.
Net Current Asset Value
0,26 Bil.
Invested Capital
3688497472
Working Capital
0,61 Bil.
Intangibles to Total Assets
0.05
Average Receivables
2,00 Bil.
Average Payables
3,33 Bil.
Average Inventory
1267199813.5
Debt to Market Cap
0.13

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

First Tractor Company Limited Dividends
Year Dividends Growth
2013 0
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2021 0 0%
2022 0 0%
2023 0 0%
2024 0 0%

First Tractor Company Limited Profile

About First Tractor Company Limited

First Tractor Company Limited engages in the research and development, manufacture, and sale of agricultural and power machinery, and related spare parts worldwide. The company operates through three divisions: Agricultural Machinery, Power Machinery, and Finance. It offers wheeled and crawler tractors, and its components, such as castings, forgings gears, gear boxes, and covers; and off-road diesel engines, as well as accessory parts, including fuel injection pumps and fuel injectors. The company also engages in the fund settlement; provision of financial services; and processing and sale of rough and semi-finished, and finished products of castings and forging products. In addition, it provides loans, finance lease, bill acceptance and discounting, entrusting loans, and investments to member companies, as well as equity and portfolio investment in financial institutions as approved; and consumer credit service, buyer's credit, and finance lease for products of member companies and inter-bank borrowing and lending. The company was formerly known as First Tractor Works of China. First Tractor Company Limited was founded in 1955 and is based in Luoyang, China.

CEO
Mr. Tao Wei
Employee
6.808
Address
No. 154 Jianshe Road
Luoyang, 471004

First Tractor Company Limited Executives & BODs

First Tractor Company Limited Executives & BODs
# Name Age
1 Mr. Guangjun Yang
Deputy General Manager
70
2 Ms. Lina Yu
Deputy GM & Company Secretary
70
3 Mr. Wenpu Xue
Deputy General Manager
70
4 Mr. Qingliang Zhao
Deputy General Manager
70
5 Mr. Tao Wei
GM & Director
70
6 Mr. Wensheng Su
Deputy General Manager
70
7 Mr. Zhifeng Kang
Financial Controller
70

First Tractor Company Limited Competitors