Financials Jiangyin Pivot Automotive Products Co., Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 03:30:00 30/05/2024 am IST			5-day change	1st Jan Change
20.19 ^CNY	-1.70%		-1.99%	-28.48%

09/05	Jiangyin Pivot Automotive Products Co., Ltd. Approves the Final Cash Dividend for 2023	CI
24/04	Jiangyin Pivot Automotive Products Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Fiscal Period: December	2022	2023	2024	2025
Capitalization ¹	3,218	3,303	2,362	-
Enterprise Value (EV) ¹	3,218	3,303	2,362	2,362
P/E ratio	-	22.2 x	12.7 x	10.6 x
Yield	-	-	-	-
Capitalization / Revenue	6.22 x	5.78 x	3.45 x	2.94 x
EV / Revenue	6.22 x	5.78 x	3.45 x	2.94 x
EV / EBITDA	-	16.8 x	10.4 x	8.74 x
EV / FCF	-	-	-	-
FCF Yield	-	-	-	-
Price to Book	-	2.35 x	1.57 x	1.45 x
Nbr of stocks (in thousands)	1,17,000	1,17,000	1,17,000	-
Reference price ²	27.51	28.23	20.19	20.19
Announcement Date	10/04/23	09/04/24	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2022	2023	2024	2025
Net sales ¹	517.8	571	684.3	803.7
EBITDA ¹	-	196.9	226.4	270.2
EBIT ¹	-	173	211.4	254.4
Operating Margin	-	30.3%	30.89%	31.65%
Earnings before Tax (EBT) ¹	-	172.4	211.4	254.4
Net income ¹	121.2	148.8	186.1	223.9
Net margin	23.4%	26.06%	27.19%	27.86%
EPS ²	-	1.270	1.590	1.910
Free Cash Flow	-	-	-	-
FCF margin	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-
FCF Conversion (Net income)	-	-	-	-
Dividend per Share	-	-	-	-
Announcement Date	10/04/23	09/04/24	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2022	2023	2024	2025
Net Debt	-	-	-	-
Net Cash position	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-
Free Cash Flow	-	-	-	-
ROE (net income / shareholders' equity)	-	11%	12.4%	13.8%
ROA (Net income/ Total Assets)	-	9.37%	-	-
Assets ¹	-	1,588	-	-
Book Value Per Share ²	-	12.00	12.80	13.90
Cash Flow per Share ²	-	1.400	1.720	1.600
Capex ¹	-	50.3	40.5	41.3
Capex / Sales	-	8.81%	5.91%	5.13%
Announcement Date	10/04/23	09/04/24	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

20.19 CNY

Average target price

27.71 CNY

Spread / Average Target

+37.25%

	1st Jan change	Capi.
JIANGYIN PIVOT AUTOMOTIVE PRODUCTS CO., LTD.	-28.48%	326M
DENSO CORPORATION	+19.56%	46.83B
APTIV PLC	-8.65%	22.3B
WEICHAI POWER CO., LTD.	+7.67%	18.59B
FUYAO GLASS INDUSTRY GROUP CO., LTD.	+25.25%	16.48B
HYUNDAI MOBIS CO.,LTD	-9.28%	14.09B
CONTINENTAL AG	-19.40%	13.37B
MAGNA INTERNATIONAL INC.	-22.06%	12.83B
SUMITOMO ELECTRIC INDUSTRIES, LTD.	+41.72%	12.52B
SAMVARDHANA MOTHERSON INTERNATIONAL LIMITED	+49.75%	12.34B