Financials Changjiang Publishing & Media Co.,Ltd

Equities

600757

CNE000000MQ7

Consumer Publishing

End-of-day quote Shanghai S.E. 23:00:00 29/04/2024 BST 5-day change 1st Jan Change
7.55 CNY -1.05% Intraday chart for Changjiang Publishing & Media Co.,Ltd -3.94% +1.34%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 7,913 7,476 6,420 6,493 6,918 9,042
Enterprise Value (EV) 1 3,033 2,082 402.9 235.7 1,764 5,200
P/E ratio 10.9 x 9.48 x 7.9 x 9.39 x 9.5 x 8.87 x
Yield 2.3% 3.25% 6.62% 6.92% 5.61% 5.37%
Capitalization / Revenue 0.76 x 0.97 x 0.96 x 1.08 x 1.1 x 1.34 x
EV / Revenue 0.29 x 0.27 x 0.06 x 0.04 x 0.28 x 0.77 x
EV / EBITDA 5.29 x 3.15 x 0.65 x 0.4 x 2.69 x 6.57 x
EV / FCF 4.59 x 5.05 x 0.72 x 0.43 x 2.32 x 5.86 x
FCF Yield 21.8% 19.8% 139% 232% 43.1% 17.1%
Price to Book 1.18 x 1.03 x 0.81 x 0.8 x 0.82 x 1 x
Nbr of stocks (in thousands) 1,213,650 1,213,650 1,213,650 1,213,650 1,213,650 1,213,650
Reference price 2 6.520 6.160 5.290 5.350 5.700 7.450
Announcement Date 24/04/19 29/04/20 15/04/21 26/04/22 20/04/23 15/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 10,363 7,671 6,675 6,023 6,295 6,759
EBITDA 1 573 661.1 623.9 588.1 655 791
EBIT 1 475.8 571.9 528.3 492.9 561.4 696.2
Operating Margin 4.59% 7.45% 7.92% 8.18% 8.92% 10.3%
Earnings before Tax (EBT) 1 758.9 818.8 841.6 713.3 732.3 904.7
Net income 1 732.7 786.4 816.5 697.5 729.3 1,016
Net margin 7.07% 10.25% 12.23% 11.58% 11.59% 15.03%
EPS 2 0.6000 0.6500 0.6700 0.5700 0.6000 0.8400
Free Cash Flow 1 661.3 412.4 558.2 547.6 760 887.6
FCF margin 6.38% 5.38% 8.36% 9.09% 12.07% 13.13%
FCF Conversion (EBITDA) 115.41% 62.38% 89.48% 93.11% 116.03% 112.22%
FCF Conversion (Net income) 90.26% 52.44% 68.37% 78.51% 104.21% 87.39%
Dividend per Share 2 0.1500 0.2000 0.3500 0.3700 0.3200 0.4000
Announcement Date 24/04/19 29/04/20 15/04/21 26/04/22 20/04/23 15/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 4,880 5,394 6,017 6,257 5,154 3,842
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 661 412 558 548 760 888
ROE (net income / shareholders' equity) 11.6% 11.2% 10.5% 8.68% 8.78% 11.6%
ROA (Net income/ Total Assets) 2.92% 3.38% 3.03% 2.72% 2.9% 3.39%
Assets 1 25,123 23,293 26,913 25,623 25,113 30,004
Book Value Per Share 2 5.510 6.000 6.500 6.720 6.950 7.470
Cash Flow per Share 2 0.9700 1.360 1.950 1.680 1.390 1.180
Capex 1 61.5 249 119 195 82.9 81.8
Capex / Sales 0.59% 3.24% 1.78% 3.24% 1.32% 1.21%
Announcement Date 24/04/19 29/04/20 15/04/21 26/04/22 20/04/23 15/04/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

  1. Stock Market
  2. Equities
  3. 600757 Stock
  4. Financials Changjiang Publishing & Media Co.,Ltd