Financials Tongling Jingda Special Magnet Wire Co., Ltd.

Equities

600577

CNE000001CG7

Electrical Components & Equipment

End-of-day quote Shanghai S.E. 03:30:00 30/04/2024 am IST 5-day change 1st Jan Change
4.64 CNY -1.49% Intraday chart for Tongling Jingda Special Magnet Wire Co., Ltd. +6.18% +12.08%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 5,245 5,976 14,802 8,815 8,608 9,650 -
Enterprise Value (EV) 1 5,245 5,976 16,186 10,284 10,087 12,699 11,174
P/E ratio 11.9 x 14.1 x 27.6 x 24.9 x 21.8 x 17.8 x 13.4 x
Yield - 0.64% 0.4% 2.83% 3.14% 2.8% 3.54%
Capitalization / Revenue - 0.48 x 0.81 x 0.5 x 0.48 x 0.49 x 0.4 x
EV / Revenue - 0.48 x 0.88 x 0.59 x 0.56 x 0.65 x 0.46 x
EV / EBITDA - - 17.9 x 16.5 x 14.4 x 12.4 x 9.58 x
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Price to Book - 1.62 x 3.4 x 1.77 x 1.6 x 1.69 x 1.55 x
Nbr of stocks (in thousands) 19,21,405 19,21,405 19,89,463 20,79,125 20,79,149 20,79,657 -
Reference price 2 2.730 3.110 7.440 4.240 4.140 4.640 4.640
Announcement Date 30/03/20 15/03/21 18/04/22 20/03/23 18/03/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 - 12,447 18,330 17,542 17,906 19,549 24,151
EBITDA 1 - - 905.4 624.7 701.9 1,027 1,166
EBIT 1 - 603.3 781 491.2 552 825.4 998.1
Operating Margin - 4.85% 4.26% 2.8% 3.08% 4.22% 4.13%
Earnings before Tax (EBT) 1 - 622.8 792.3 514.9 561 700.7 923.1
Net income 1 437.7 418.9 549.1 381.1 426.5 541.3 715.9
Net margin - 3.37% 3% 2.17% 2.38% 2.77% 2.96%
EPS 2 0.2300 0.2200 0.2700 0.1700 0.1900 0.2603 0.3456
Free Cash Flow - - - - - - -
FCF margin - - - - - - -
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 - 0.0200 0.0300 0.1200 0.1300 0.1301 0.1642
Announcement Date 30/03/20 15/03/21 18/04/22 20/03/23 18/03/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales - - - - - - - - - -
EBITDA - - - - - - - - - -
EBIT - - - - - - - - - -
Operating Margin - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - -
Net income - - - - - - - - - -
Net margin - - - - - - - - - -
EPS 1 0.0400 0.0400 0.0400 0.0500 0.0500 0.0500 0.0500 0.0700 0.0700 0.0700
Dividend per Share - - - - - - - - - -
Announcement Date 30/10/22 20/03/23 27/04/23 14/08/23 23/10/23 18/03/24 30/04/24 - - -
1CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - 1,384 1,469 1,479 3,049 1,524
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) - - 1.529 x 2.351 x 2.107 x 2.968 x 1.307 x
Free Cash Flow - - - - - - -
ROE (net income / shareholders' equity) - 11.5% 13.3% 8.12% 8.32% 10% 11.9%
ROA (Net income/ Total Assets) - - - - - 4.5% 5.4%
Assets 1 - - - - - 12,028 13,257
Book Value Per Share 2 - 1.920 2.190 2.390 2.590 2.740 3.000
Cash Flow per Share - 0.2100 -0.2500 0.6300 - - -
Capex 1 - 109 402 454 328 50 50
Capex / Sales - 0.88% 2.19% 2.59% 1.83% 0.26% 0.21%
Announcement Date 30/03/20 15/03/21 18/04/22 20/03/23 18/03/24 - -
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

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
4.64 CNY
Average target price
4.867 CNY
Spread / Average Target
+4.89%
Consensus
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