BEIJING JOIN-CHEER SOFTWARE CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.11 CNY | +2.82% |
|
+2.40% | -21.51% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 5,051 | 4,283 | 3,262 | 3,315 | 6,054 | 5,582 |
| Enterprise Value (EV) 1 | 4,867 | 4,352 | 3,127 | 3,097 | 4,932 | 4,410 |
| P/E ratio | -6.01 x | 82.6 x | 46.1 x | -25.5 x | 99.6 x | -39.6 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 1.86 x | 1.38 x | 1.16 x | 1.22 x | 2.09 x | 1.64 x |
| EV / Revenue | 1.79 x | 1.4 x | 1.11 x | 1.14 x | 1.7 x | 1.29 x |
| EV / EBITDA | 14.8 x | 31.8 x | -53.3 x | 33.8 x | 56.6 x | 131 x |
| EV / FCF | 23.9 x | 22 x | 29 x | 31.9 x | 69.5 x | 30.4 x |
| FCF Yield | 4.18% | 4.54% | 3.45% | 3.14% | 1.44% | 3.29% |
| Price to Book | 4.46 x | 3.68 x | 3.1 x | 3.62 x | 3.11 x | 3.46 x |
| Nbr of stocks (in thousands) | 7,10,437 | 7,05,664 | 7,02,961 | 7,02,253 | 8,57,474 | 8,57,474 |
| Reference price 2 | 7.110 | 6.070 | 4.640 | 4.720 | 7.060 | 6.510 |
| Announcement Date | 29/04/19 | 24/04/20 | 16/04/21 | 22/04/22 | 31/03/23 | 25/04/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 2,720 | 3,102 | 2,821 | 2,709 | 2,898 | 3,412 |
| EBITDA 1 | 329.2 | 136.8 | -58.65 | 91.63 | 87.12 | 33.74 |
| EBIT 1 | 303.3 | 114.9 | -75.18 | 77.33 | 74.37 | 21.79 |
| Operating Margin | 11.15% | 3.7% | -2.66% | 2.86% | 2.57% | 0.64% |
| Earnings before Tax (EBT) 1 | -795.9 | 57.43 | 72.92 | -133.7 | 57.08 | -145.4 |
| Net income 1 | -841.5 | 52.26 | 71.63 | -131.7 | 51.46 | -142.2 |
| Net margin | -30.93% | 1.69% | 2.54% | -4.86% | 1.78% | -4.17% |
| EPS 2 | -1.184 | 0.0735 | 0.1007 | -0.1853 | 0.0709 | -0.1642 |
| Free Cash Flow 1 | 203.6 | 197.6 | 107.9 | 97.13 | 70.91 | 145 |
| FCF margin | 7.48% | 6.37% | 3.82% | 3.59% | 2.45% | 4.25% |
| FCF Conversion (EBITDA) | 61.83% | 144.45% | - | 106.01% | 81.4% | 429.62% |
| FCF Conversion (Net income) | - | 378.08% | 150.65% | - | 137.81% | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 29/04/19 | 24/04/20 | 16/04/21 | 22/04/22 | 31/03/23 | 25/04/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | 68.3 | - | - | - | - |
| Net Cash position 1 | 184 | - | 134 | 218 | 1,122 | 1,172 |
| Leverage (Debt/EBITDA) | - | 0.4995 x | - | - | - | - |
| Free Cash Flow 1 | 204 | 198 | 108 | 97.1 | 70.9 | 145 |
| ROE (net income / shareholders' equity) | -42.1% | 4.47% | 6.42% | -12.6% | 4.15% | -8.67% |
| ROA (Net income/ Total Assets) | 4.75% | 2.27% | -1.65% | 1.83% | 1.72% | 0.48% |
| Assets 1 | -17,723 | 2,298 | -4,347 | -7,215 | 2,987 | -29,912 |
| Book Value Per Share 2 | 1.590 | 1.650 | 1.500 | 1.300 | 2.270 | 1.880 |
| Cash Flow per Share 2 | 1.120 | 1.060 | 0.9400 | 0.9800 | 0.9800 | 0.8500 |
| Capex 1 | 69.4 | 57.5 | 28.8 | 26.5 | 35.1 | 48.6 |
| Capex / Sales | 2.55% | 1.85% | 1.02% | 0.98% | 1.21% | 1.42% |
| Announcement Date | 29/04/19 | 24/04/20 | 16/04/21 | 22/04/22 | 31/03/23 | 25/04/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -21.51% | 61Cr | |
| +11.75% | 3,12300Cr | |
| +10.06% | 8.65TCr | |
| +6.04% | 7.86TCr | |
| -14.66% | 5.4TCr | |
| +26.73% | 4.85TCr | |
| -24.44% | 4.68TCr | |
| +31.74% | 4.64TCr | |
| +82.12% | 4.24TCr | |
| -8.15% | 2.53TCr |
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