Financials Joy Kie Corporation Limited

Equities

300994

CNE100004N59

Recreational Products

End-of-day quote Shenzhen S.E. Other stock markets 03:30:00 01/07/2024 am IST			5-day change	1st Jan Change
10.99 ^CNY	0.00%		-6.63%	-25.24%

29/05	Joy Kie Corporation Limited Announces Dividend on Share A for the Year 2023, Payable on June 5, 2024	CI
15/05	Joy Kie Corporation Limited Approves Cash Dividend for 2023	CI

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	9,250	3,830	3,426	2,562	-	-
Enterprise Value (EV) ¹	9,250	3,830	3,426	2,562	2,562	2,562
P/E ratio	37.5 x	22.9 x	32 x	16.8 x	13.3 x	10.8 x
Yield	1.43%	2.94%	2.48%	2.64%	3.73%	-
Capitalization / Revenue	2.49 x	1.61 x	1.71 x	1.09 x	0.94 x	0.83 x
EV / Revenue	2.49 x	1.61 x	1.71 x	1.09 x	0.94 x	0.83 x
EV / EBITDA	36.2 x	16.9 x	25.4 x	13.5 x	10.5 x	8.75 x
EV / FCF	-14,53,19,872 x	-	-	-	-	-
FCF Yield	-0%	-	-	-	-	-
Price to Book	8.59 x	3.4 x	3.05 x	2.13 x	1.94 x	1.73 x
Nbr of stocks (in thousands)	2,33,089	2,33,089	2,33,088	2,33,088	-	-
Reference price ²	39.68	16.43	14.70	10.99	10.99	10.99
Announcement Date	22/04/22	23/04/23	21/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	3,710	2,376	2,006	2,348	2,728	3,095
EBITDA ¹	-	255.5	226.9	134.9	190.3	244.1	292.9
EBIT ¹	-	246.8	212.9	119.8	181.9	230.3	280.7
Operating Margin	-	6.65%	8.96%	5.97%	7.75%	8.44%	9.07%
Earnings before Tax (EBT) ¹	186.9	250.7	216	126.9	186.2	234.6	284.4
Net income ¹	156.8	205.2	167.9	106.5	152.8	192.5	235.9
Net margin	-	5.53%	7.06%	5.31%	6.51%	7.06%	7.62%
EPS ²	-	1.058	0.7167	0.4600	0.6550	0.8250	1.013
Free Cash Flow	-	-63.65	-	-	-	-	-
FCF margin	-	-1.72%	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	-	0.5667	0.4833	0.3650	0.2900	0.4100	-
Announcement Date	15/07/21	22/04/22	23/04/23	21/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q1
Net sales	-
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income ¹	42.48
Net margin	-
EPS ²	0.1833
Dividend per Share	-
Announcement Date	22/04/22

¹CNY in Million²CNY

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-63.7	-	-	-	-	-
ROE (net income / shareholders' equity)	-	29.7%	15.4%	9.46%	12.6%	14.6%	15.8%
ROA (Net income/ Total Assets)	-	13.7%	9.15%	6.09%	8.1%	8.9%	9.3%
Assets ¹	-	1,499	1,835	1,750	1,887	2,163	2,537
Book Value Per Share ²	-	4.620	4.840	4.820	5.150	5.680	6.370
Cash Flow per Share ²	-	0.0100	1.310	0.6300	0.6500	0.7800	0.8500
Capex ¹	-	66.4	45.3	105	87.8	94	99.8
Capex / Sales	-	1.79%	1.91%	5.25%	3.74%	3.45%	3.22%
Announcement Date	15/07/21	22/04/22	23/04/23	21/04/24	-	-	-

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 Joy Kie Corporation Limited

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

10.99 CNY

Average target price

14.48 CNY

Spread / Average Target

+31.80%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Bicycle Manufacturing

	1st Jan change	Capi.
JOY KIE CORPORATION LIMITED	-25.24%	35Cr
SHIMANO INC.	+14.79%	1.38TCr
MERIDA INDUSTRY CO., LTD.	+19.45%	199.26Cr
KMC (KUEI MENG) INTERNATIONAL INC.	+5.32%	54Cr
ZHONGLU.CO.,LTD	+17.18%	49Cr
SHANGHAI PHOENIX ENTERPRISE (GROUP) CO., LTD.	-14.89%	46Cr
HL CORP (SHENZHEN)	-35.96%	21Cr
INNOX CORPORATION	-7.33%	15Cr
ERAAYA LIFESPACES LIMITED	+601.88%	15Cr
LEE CHI ENTERPRISES COMPANY LTD.	+10.29%	12Cr

Bicycle Manufacturing