JIANGSU ZHANGJIAGANG RURAL COMMERCIAL BANK CO., LTD

Financials Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd

Equities

002839

CNE100002K54

Banks

End-of-day quote Shenzhen S.E. Other stock markets 03:30:00 10/05/2024 am IST			5-day change	1st Jan Change
4.2 ^CNY	+0.96%		+1.20%	+8.25%

30/04	Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
20/03	Lancang River Hydropower Names Chairman, Vice Chairmen	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	10,737	11,029	10,414	10,002	8,418	9,113	-	-
Enterprise Value (EV) ¹	10,737	11,029	10,414	10,002	8,418	9,113	9,113	9,113
P/E ratio	-	-	9.14 x	7.44 x	5.97 x	4.83 x	4.18 x	4.2 x
Yield	2.53%	2.62%	2.78%	4.34%	5.15%	5.24%	6.07%	5.95%
Capitalization / Revenue	2.79 x	2.63 x	2.26 x	2.07 x	1.85 x	2 x	1.89 x	1.92 x
EV / Revenue	2.79 x	2.63 x	2.26 x	2.07 x	1.85 x	2 x	1.89 x	1.92 x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	1.01 x	0.98 x	0.72 x	0.64 x	0.56 x	0.55 x	0.51 x	0.46 x
Nbr of stocks (in thousands)	21,69,081	21,69,558	21,69,559	21,69,649	21,69,650	21,69,650	-	-
Reference price ²	4.950	5.083	4.800	4.610	3.880	4.200	4.200	4.200
Announcement Date	03/02/20	22/01/21	28/03/22	16/01/23	30/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	3,853	4,195	4,616	4,827	4,541	4,561	4,814	4,741
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	966.5	998.3	3,145	1,778	1,925	3,106	3,344	3,229
Operating Margin	25.09%	23.8%	68.14%	36.83%	42.38%	68.1%	69.46%	68.11%
Earnings before Tax (EBT) ¹	-	-	1,373	1,855	-	2,042	2,181	2,345
Net income ¹	-	-	1,304	1,682	1,787	1,888	2,184	2,168
Net margin	-	-	28.24%	34.84%	39.35%	41.39%	45.36%	45.73%
EPS ²	-	-	0.5250	0.6200	0.6500	0.8700	1.005	1.000
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.1250	0.1333	0.1333	0.2000	0.2000	0.2200	0.2550	0.2500
Announcement Date	03/02/20	22/01/21	28/03/22	16/01/23	30/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	9.22%	9.15%	11.1%	12.2%	11.7%	12%	11.9%	11.5%
ROA (Net income/ Total Assets)	0.8%	0.75%	0.85%	0.96%	-	0.87%	0.9%	0.85%
Assets ¹	-	-	1,54,192	1,76,054	-	2,17,011	2,42,611	2,55,059
Book Value Per Share ²	4.920	5.160	6.650	7.170	6.930	7.600	8.300	9.090
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-	-
Announcement Date	03/02/20	22/01/21	28/03/22	16/01/23	30/04/24	-	-	-

¹CNY in Million²CNY

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd

Trading Rating

Investor Rating

ESG Refinitiv

C-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

4.2 CNY

Average target price

5.36 CNY

Spread / Average Target

+27.62%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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