Financials Bank of Jiangsu Co., Ltd.

Equities

600919

CNE100002G76

Banks

End-of-day quote Shanghai S.E. 23:00:00 29/04/2024 BST 5-day change 1st Jan Change
8.08 CNY +2.28% Intraday chart for Bank of Jiangsu Co., Ltd. -1.58% +20.78%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 83,582 80,642 86,107 107,671 122,770 148,279 - -
Enterprise Value (EV) 1 83,582 80,642 86,107 107,671 122,770 148,279 148,279 148,279
P/E ratio 6.96 x 5.25 x 5.55 x 5.36 x 4.4 x 4.81 x 3.76 x 3.71 x
Yield 3.84% 5.79% 6.86% 7.07% 7.03% 6.29% 8.02% 8.42%
Capitalization / Revenue 1.86 x 1.55 x 1.35 x 1.53 x 1.65 x 1.87 x 1.65 x 1.55 x
EV / Revenue 1.86 x 1.55 x 1.35 x 1.53 x 1.65 x 1.87 x 1.65 x 1.55 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.76 x 0.58 x 0.57 x 0.64 x 0.58 x 0.64 x 0.56 x 0.53 x
Nbr of stocks (in thousands) 11,544,480 14,769,607 14,769,626 14,769,652 18,351,324 18,351,324 - -
Reference price 2 7.240 5.460 5.830 7.290 6.690 8.080 8.080 8.080
Announcement Date 17/01/20 18/01/21 11/01/22 01/02/23 25/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 44,974 52,026 63,771 70,570 74,293 79,316 89,773 95,732
EBITDA - - - - - - - -
EBIT 1 15,679 16,765 26,408 32,674 38,753 58,741 66,953 70,934
Operating Margin 34.86% 32.22% 41.41% 46.3% 52.16% 74.06% 74.58% 74.1%
Earnings before Tax (EBT) 1 15,615 16,748 26,476 32,629 38,694 42,360 49,259 53,256
Net income 1 14,619 15,066 19,694 25,386 28,750 31,575 37,738 40,308
Net margin 32.51% 28.96% 30.88% 35.97% 38.7% 39.81% 42.04% 42.1%
EPS 2 1.040 1.040 1.050 1.360 1.520 1.680 2.148 2.176
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.2780 0.3160 0.4000 0.5156 0.4700 0.5080 0.6480 0.6800
Announcement Date 17/01/20 18/01/21 11/01/22 01/02/23 25/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1 2022 S1 2023 Q1 2023 Q2 2023 S1
Net sales - 35,107 - - -
EBITDA - - - - -
EBIT - 17,208 - - -
Operating Margin - 49.02% - - -
Earnings before Tax (EBT) 1 - - - 11,680 22,434
Net income 1 6,584 13,380 8,219 8,801 17,020
Net margin - 38.11% - - -
EPS 0.3700 - 0.4200 - -
Dividend per Share - - - - -
Announcement Date 28/04/22 15/07/22 27/04/23 02/08/23 02/08/23
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 12.7% 11.9% 12.6% 14.8% 14.5% 13.7% 15.4% 14.9%
ROA (Net income/ Total Assets) 0.73% 0.67% 0.79% 0.91% - 0.88% 0.96% 0.89%
Assets 1 1,994,407 2,256,065 2,478,168 2,799,514 - 3,574,511 3,917,448 4,508,669
Book Value Per Share 2 9.530 9.350 10.30 11.40 11.50 12.70 14.50 15.20
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 17/01/20 18/01/21 11/01/22 01/02/23 25/04/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
14
Last Close Price
8.08 CNY
Average target price
8.941 CNY
Spread / Average Target
+10.66%
Consensus

Annual profits - Rate of surprise

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