Financials Jiangxi Changyun Co., Ltd.

Equities

600561

CNE000001BW6

Passenger Transportation, Ground & Sea

End-of-day quote Shanghai S.E. 03:30:00 13/05/2024 am IST 5-day change 1st Jan Change
4.33 CNY -3.78% Intraday chart for Jiangxi Changyun Co., Ltd. +0.46% -32.55%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,290 1,384 1,280 1,431 1,695 1,826
Enterprise Value (EV) 1 3,345 3,518 3,389 3,260 3,039 3,191
P/E ratio 49.5 x -5.78 x -3.78 x 126 x -11.5 x -32.1 x
Yield 0.59% - - 0.26% - -
Capitalization / Revenue 0.49 x 0.57 x 0.7 x 0.79 x 1.17 x 1.19 x
EV / Revenue 1.27 x 1.46 x 1.85 x 1.79 x 2.09 x 2.07 x
EV / EBITDA 6.9 x 11.6 x 19.6 x 8.48 x 23.7 x 13.1 x
EV / FCF -15 x 93.9 x -28.8 x -15.1 x 6.42 x -89.9 x
FCF Yield -6.67% 1.06% -3.47% -6.61% 15.6% -1.11%
Price to Book 0.91 x 1.18 x 1.17 x 1.29 x 1.77 x 2.03 x
Nbr of stocks (in thousands) 2,37,064 2,37,064 2,84,477 2,84,477 2,84,477 2,84,477
Reference price 2 5.440 5.840 4.500 5.030 5.960 6.420
Announcement Date 30/03/19 24/04/20 09/04/21 15/04/22 19/04/23 19/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,631 2,413 1,833 1,817 1,452 1,541
EBITDA 1 484.4 304.2 172.6 384.2 128.1 243.1
EBIT 1 119.8 -42.37 -189.8 29.77 -181.6 0.6918
Operating Margin 4.55% -1.76% -10.36% 1.64% -12.51% 0.04%
Earnings before Tax (EBT) 1 94.1 -168.2 -312.6 46.88 -130.8 -23.84
Net income 1 25.15 -239.8 -310.8 11.48 -147.9 -56.7
Net margin 0.96% -9.94% -16.95% 0.63% -10.19% -3.68%
EPS 2 0.1100 -1.010 -1.190 0.0400 -0.5200 -0.2000
Free Cash Flow 1 -223.3 37.45 -117.6 -215.4 473.4 -35.51
FCF margin -8.49% 1.55% -6.42% -11.85% 32.61% -2.31%
FCF Conversion (EBITDA) - 12.31% - - 369.71% -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.0320 - - 0.0130 - -
Announcement Date 30/03/19 24/04/20 09/04/21 15/04/22 19/04/23 19/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 2,055 2,133 2,109 1,829 1,343 1,365
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 4.243 x 7.012 x 12.22 x 4.76 x 10.49 x 5.615 x
Free Cash Flow 1 -223 37.4 -118 -215 473 -35.5
ROE (net income / shareholders' equity) 2.53% -13.5% -22.6% 0.83% -12.9% -4.89%
ROA (Net income/ Total Assets) 1.14% -0.43% -2% 0.34% -2.28% 0.01%
Assets 1 2,201 55,711 15,565 3,369 6,492 -6,09,680
Book Value Per Share 2 5.990 4.950 3.840 3.890 3.360 3.160
Cash Flow per Share 2 2.480 3.000 1.700 1.720 1.520 0.7800
Capex 1 329 362 427 375 222 238
Capex / Sales 12.5% 14.99% 23.29% 20.64% 15.3% 15.48%
Announcement Date 30/03/19 24/04/20 09/04/21 15/04/22 19/04/23 19/04/24
1CNY in Million2CNY
Estimates
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