First Tractor Co., Ltd. Class A

First Tractor Co., Ltd. Class A

12.28
CNY
-0.29
(-2.31%)
1.02EPS
15.47P/E
17.76BMarket Cap
Oct 29Next Earn

Total Valuation

CNY

As of June 30, 2024, First Tractor Co., Ltd. Class A carries a market capitalization of 17.76B, placing it among publicly traded companies globally. Its enterprise value stands at 17.06B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

Market Cap17.76B
Enterprise Value17.06B

Important Dates

First Tractor Co., Ltd. Class A's next confirmed earnings release is scheduled for October 29, 2026.

Earnings Date10/29/2026

Share Statistics

As of June 30, 2024, First Tractor Co., Ltd. Class A has 1.12B shares outstanding.

Shares Outstanding1.12B

Valuation Ratios

As of June 30, 2024, First Tractor Co., Ltd. Class A trades at a trailing price-to-earnings ratio of 15.47. The price-to-sales ratio is 1.47, and the price-to-book ratio stands at 2.45.

PE Ratio15.47
PS Ratio1.47
PB Ratio2.45
P/TBV Ratio2.71

Enterprise Valuation

As of June 30, 2024, First Tractor Co., Ltd. Class A trades at an EV/EBITDA multiple of 13.59 - the valuation measure that neutralizes differences in capital structure, tax rates, and depreciation policy, making it the standard yardstick for comparing companies across an industry. The EV/Sales ratio of 1.41 reflects the premium investors pay for the company's revenue stream, a useful check when earnings are depressed or negative. Its EV/EBIT multiple of 13.59 values the business against core operating earnings after depreciation, a stricter test than EV/EBITDA for capital-intensive businesses. These enterprise value multiples are built on an enterprise value of 17.06B versus a market cap of 17.76B, with the gap driven by net debt and cash on the balance sheet.

EV / Sales1.41
EV / EBITDA13.59
EV / EBIT13.59

Financial Position

As of June 30, 2024, First Tractor Co., Ltd. Class A maintains a current ratio of 1.09, meaning it holds 1.1x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is 28.69, indicating elevated leverage, while an interest coverage ratio of 51.64 demonstrates strong ability to service its debt obligations.

Current Ratio1.09
Quick Ratio0.53
Debt / Equity28.69
Debt / EBITDA1.78
Interest Coverage51.64

Financial Efficiency

CNY

Over the twelve months ended June 30, 2024, First Tractor Co., Ltd. Class A posted a return on equity (ROE) of 16.76, showing how much profit the company earns on every dollar of shareholder capital. Return on invested capital (ROIC) comes in at 12.14 - the clearest signal of whether the business earns more on its capital than that capital costs, and the core measure of a durable competitive advantage. Return on assets (ROA) stands at 7.92, measuring how efficiently the asset base is converted into earnings. Return on capital employed (ROCE) is 12.19, useful for judging operating efficiency across full business cycles. The company generates approximately 1.74M in revenue per employee across its workforce of 6,954.50, a quick read on workforce productivity versus industry peers. Inventory turnover of 8.77 indicates how many times First Tractor Co., Ltd. Class A sells and replaces its inventory over a year, a key working capital efficiency ratio.

Return on Equity (ROE)16.76
Return on Assets (ROA)7.92
Return on Invested Capital (ROIC)12.14
Return on Capital Employed (ROCE)12.19
Revenue Per Employee1.74M
Employee Count6,954.50
Inventory Turnover8.77

Taxes

CNY

Over the twelve months ended June 30, 2024, First Tractor Co., Ltd. Class A recorded 118.83M in income tax expense. That works out to an effective tax rate of 9.41, which can sit above or below the statutory corporate tax rate depending on foreign earnings mix, tax credits, and one-off items. Taxes are levied on pretax income of 1.26B, leaving 1.15B in net income after tax - the gap is what shifts in the tax rate do to reported earnings and EPS.

Income Tax118.83M
Effective Tax Rate9.41

Stock Price Statistics

CNY

As of the close on October 22, 2026, First Tractor Co., Ltd. Class A's stock has declined approximately 4.66% over the past 52 weeks. The 50-day moving average sits at 13.66, while the 200-day moving average is 13.37.

52-Week Price Change-4.66%
50-Day Moving Average13.66
200-Day Moving Average13.37

Income Statement

CNY

Over the twelve months ended June 30, 2024, First Tractor Co., Ltd. Class A generated 12.09B in revenue and converted that into 1.15B in net income, yielding earnings per share of 1.02. EBITDA reached 1.26B, while operating income came in at 1.06B.

Revenue12.09B
Gross Profit2.01B
Operating Income1.06B
Pretax Income1.26B
Net Income1.15B
EBITDA1.26B
EBIT1.26B
Earnings Per Share (EPS)1.02

Balance Sheet

CNY

As of June 30, 2024, First Tractor Co., Ltd. Class A holds 3.46B in cash and equivalents against 2.23B in total debt, resulting in a net debt position of 636.39M. Total book value stands at 7.24B, with working capital of 610.65M providing operational flexibility.

Cash & Cash Equivalents3.46B
Total Debt2.23B
Net Debt636.39M
Equity (Book Value)7.24B
Book Value Per Share6.44
Working Capital610.65M

Cash Flow

CNY

These figures cover the twelve months ended June 30, 2024.

Capital Expenditures-124.46M

Margins

Over the twelve months ended June 30, 2024, First Tractor Co., Ltd. Class A posted a gross margin of 16.64, reflecting its pricing power and cost economics. The operating margin of 8.73 and net profit margin of 9.50 provide insight into operational efficiency.

Gross Margin16.64
Operating Margin8.73
Pretax Margin10.45
Profit Margin9.50
EBITDA Margin10.38

Dividends & Yields

CNY

Over the twelve months ended June 30, 2024, First Tractor Co., Ltd. Class A paid dividends of 0.33 per share. The dividend payout ratio of 32.97 indicates the proportion of earnings distributed to shareholders, a key gauge of how sustainable the dividend is and how much room remains for future dividend growth. Total shareholder yield reaches 3.92, combining dividends paid with share buybacks and debt reduction for a fuller picture of capital returned to First Tractor Co., Ltd. Class A shareholders.

Dividend Per Share0.33
Payout Ratio32.97
Shareholder Yield3.92

Scores

As of June 30, 2024, First Tractor Co., Ltd. Class A has an Altman Z-Score of 2.95, near the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.

Altman Z-Score2.95