ZHEJIANG ZHENYUAN SHARE CO.,LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8.79 CNY | +8.52% |
|
+11.97% | -19.28% |
| 29/04 | Zhejiang Zhenyuan Share Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| 15/04 | Zhejiang Zhenyuan Share Co.,Ltd. Approves Cash Dividend for the Year 2023 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,025 | 2,225 | 2,426 | 2,967 | 2,650 | 3,639 |
| Enterprise Value (EV) 1 | 1,839 | 1,684 | 1,816 | 2,416 | 2,277 | 3,266 |
| P/E ratio | 28.9 x | 10.6 x | 27.1 x | 38.6 x | 34.5 x | 45.4 x |
| Yield | 0.5% | 0.9% | 0.96% | 0.68% | 0.76% | 0.55% |
| Capitalization / Revenue | 0.71 x | 0.69 x | 0.71 x | 0.82 x | 0.64 x | 0.89 x |
| EV / Revenue | 0.64 x | 0.52 x | 0.53 x | 0.67 x | 0.55 x | 0.8 x |
| EV / EBITDA | 14.6 x | 12.8 x | 13.4 x | 18.4 x | 15.4 x | 20.9 x |
| EV / FCF | -39.6 x | 33.4 x | 17 x | -194 x | -17 x | -31.2 x |
| FCF Yield | -2.53% | 3% | 5.87% | -0.52% | -5.88% | -3.21% |
| Price to Book | 1.42 x | 1.32 x | 1.39 x | 1.6 x | 1.38 x | 1.84 x |
| Nbr of stocks (in thousands) | 3,34,123 | 3,34,123 | 3,34,123 | 3,34,123 | 3,34,123 | 3,34,123 |
| Reference price 2 | 6.060 | 6.660 | 7.260 | 8.880 | 7.930 | 10.89 |
| Announcement Date | 22/03/19 | 14/04/20 | 26/03/21 | 08/04/22 | 21/04/23 | 21/03/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 2,858 | 3,243 | 3,440 | 3,612 | 4,145 | 4,106 |
| EBITDA 1 | 126 | 132 | 135.3 | 131.1 | 147.5 | 156 |
| EBIT 1 | 69.91 | 79.06 | 81.46 | 75.59 | 88.94 | 94.3 |
| Operating Margin | 2.45% | 2.44% | 2.37% | 2.09% | 2.15% | 2.3% |
| Earnings before Tax (EBT) 1 | 85.26 | 257.1 | 114.5 | 102.7 | 102.5 | 110.2 |
| Net income 1 | 70.88 | 211.6 | 89.39 | 77.3 | 77.83 | 81.64 |
| Net margin | 2.48% | 6.52% | 2.6% | 2.14% | 1.88% | 1.99% |
| EPS 2 | 0.2100 | 0.6300 | 0.2675 | 0.2300 | 0.2300 | 0.2400 |
| Free Cash Flow 1 | -46.47 | 50.49 | 106.6 | -12.45 | -134 | -104.8 |
| FCF margin | -1.63% | 1.56% | 3.1% | -0.34% | -3.23% | -2.55% |
| FCF Conversion (EBITDA) | - | 38.24% | 78.81% | - | - | - |
| FCF Conversion (Net income) | - | 23.87% | 119.24% | - | - | - |
| Dividend per Share 2 | 0.0300 | 0.0600 | 0.0700 | 0.0600 | 0.0600 | 0.0600 |
| Announcement Date | 22/03/19 | 14/04/20 | 26/03/21 | 08/04/22 | 21/04/23 | 21/03/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 186 | 541 | 610 | 551 | 372 | 373 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | -46.5 | 50.5 | 107 | -12.4 | -134 | -105 |
| ROE (net income / shareholders' equity) | 5.07% | 13.6% | 5.35% | 4.43% | 4.29% | 4.31% |
| ROA (Net income/ Total Assets) | 2.09% | 2.1% | 1.93% | 1.66% | 1.79% | 1.91% |
| Assets 1 | 3,384 | 10,082 | 4,644 | 4,653 | 4,352 | 4,273 |
| Book Value Per Share 2 | 4.260 | 5.060 | 5.210 | 5.550 | 5.750 | 5.910 |
| Cash Flow per Share 2 | 0.6500 | 0.8700 | 1.530 | 1.240 | 1.360 | 1.370 |
| Capex 1 | 48.9 | 87.5 | 42.2 | 71.2 | 104 | 194 |
| Capex / Sales | 1.71% | 2.7% | 1.23% | 1.97% | 2.51% | 4.73% |
| Announcement Date | 22/03/19 | 14/04/20 | 26/03/21 | 08/04/22 | 21/04/23 | 21/03/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -19.28% | 408M | |
| +15.21% | 70.09B | |
| -2.19% | 24.01B | |
| +8.13% | 8.32B | |
| -18.28% | 8.23B | |
| 0.00% | 8.08B | |
| +19.12% | 4.41B | |
| 0.00% | 4.12B | |
| -2.96% | 3.88B | |
| +23.97% | 3.71B |
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