ZHEJIANG JIHUA GROUP CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.38 CNY | -2.23% |
|
+2.82% | -6.21% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 5,885 | 5,775 | 4,529 | 4,424 | 3,255 | 3,269 |
| Enterprise Value (EV) 1 | 4,044 | 3,477 | 2,328 | 2,363 | 1,462 | 2,137 |
| P/E ratio | 8.37 x | 13.3 x | 19.6 x | 33.3 x | -15.5 x | -13.7 x |
| Yield | 3.82% | 5.45% | 2.55% | 2.37% | 1.72% | - |
| Capitalization / Revenue | 2.02 x | 2.19 x | 2.47 x | 1.96 x | 1.69 x | 1.93 x |
| EV / Revenue | 1.39 x | 1.32 x | 1.27 x | 1.05 x | 0.76 x | 1.26 x |
| EV / EBITDA | 4.53 x | 6.36 x | 8.5 x | 11.9 x | -1,162 x | 21.8 x |
| EV / FCF | 11.9 x | 1.78 x | 11.3 x | 1,540 x | 11.5 x | -3.79 x |
| FCF Yield | 8.38% | 56.3% | 8.82% | 0.06% | 8.71% | -26.4% |
| Price to Book | 1.35 x | 1.27 x | 1.01 x | 0.99 x | 0.78 x | 0.92 x |
| Nbr of stocks (in thousands) | 7,00,000 | 7,00,000 | 7,00,000 | 7,00,000 | 7,00,000 | 7,00,000 |
| Reference price 2 | 8.407 | 8.250 | 6.470 | 6.320 | 4.650 | 4.670 |
| Announcement Date | 30/04/19 | 22/04/20 | 28/04/21 | 26/04/22 | 25/04/23 | 29/04/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 2,915 | 2,634 | 1,832 | 2,254 | 1,932 | 1,691 |
| EBITDA 1 | 892.3 | 546.8 | 273.9 | 198 | -1.258 | 97.99 |
| EBIT 1 | 762.1 | 390.8 | 94.58 | 3.806 | -213.2 | -103.2 |
| Operating Margin | 26.14% | 14.84% | 5.16% | 0.17% | -11.04% | -6.1% |
| Earnings before Tax (EBT) 1 | 873.2 | 525.2 | 312.1 | 187.6 | -210.6 | -240.3 |
| Net income 1 | 702.9 | 434.5 | 230.6 | 136.4 | -209.7 | -240.8 |
| Net margin | 24.11% | 16.49% | 12.58% | 6.05% | -10.85% | -14.24% |
| EPS 2 | 1.004 | 0.6200 | 0.3300 | 0.1900 | -0.3000 | -0.3400 |
| Free Cash Flow 1 | 338.9 | 1,958 | 205.4 | 1.534 | 127.3 | -563.7 |
| FCF margin | 11.62% | 74.32% | 11.21% | 0.07% | 6.59% | -33.33% |
| FCF Conversion (EBITDA) | 37.98% | 358.06% | 74.99% | 0.78% | - | - |
| FCF Conversion (Net income) | 48.21% | 450.64% | 89.1% | 1.12% | - | - |
| Dividend per Share 2 | 0.3214 | 0.4500 | 0.1650 | 0.1500 | 0.0800 | - |
| Announcement Date | 30/04/19 | 22/04/20 | 28/04/21 | 26/04/22 | 25/04/23 | 29/04/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 1,841 | 2,298 | 2,201 | 2,061 | 1,793 | 1,132 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 339 | 1,958 | 205 | 1.53 | 127 | -564 |
| ROE (net income / shareholders' equity) | 17.6% | 9.71% | 5.03% | 2.93% | -4.91% | -6.05% |
| ROA (Net income/ Total Assets) | 9.69% | 4.65% | 1.09% | 0.04% | -2.5% | -1.32% |
| Assets 1 | 7,250 | 9,335 | 21,196 | 3,10,819 | 8,373 | 18,236 |
| Book Value Per Share 2 | 6.200 | 6.500 | 6.380 | 6.410 | 5.960 | 5.050 |
| Cash Flow per Share 2 | 0.8900 | 1.820 | 0.9700 | 0.8200 | 1.270 | 1.010 |
| Capex 1 | 27.7 | 71 | 59.1 | 61.2 | 97.4 | 62.5 |
| Capex / Sales | 0.95% | 2.69% | 3.22% | 2.71% | 5.04% | 3.7% |
| Announcement Date | 30/04/19 | 22/04/20 | 28/04/21 | 26/04/22 | 25/04/23 | 29/04/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -6.21% | 424M | |
| +11.19% | 4.08B | |
| +8.03% | 1.81B | |
| +9.18% | 1.04B | |
| +23.43% | 1.15B | |
| +46.69% | 818M | |
| -2.07% | 697M | |
| +58.20% | 714M | |
| +35.98% | 597M | |
| +16.57% | 508M |
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