Financials China National Gold Group Gold Jewellery Co.,Ltd.

Equities

600916

CNE100004BQ1

Apparel & Accessories

End-of-day quote Shanghai S.E. 23:00:00 29/04/2024 BST 5-day change 1st Jan Change
11.18 CNY -1.41% Intraday chart for China National Gold Group Gold Jewellery Co.,Ltd. +5.37% +13.27%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Capitalization 1 23,066 21,235 16,582 18,782 - -
Enterprise Value (EV) 1 23,066 21,235 16,582 18,782 18,782 18,782
P/E ratio 28.6 x 27.5 x 17 x 15 x 13 x 11.6 x
Yield - 2.37% 4.56% 4.2% 4.11% 5.37%
Capitalization / Revenue 0.45 x 0.45 x 0.29 x 0.29 x 0.25 x 0.23 x
EV / Revenue 0.45 x 0.45 x 0.29 x 0.29 x 0.25 x 0.23 x
EV / EBITDA 23.3 x 17.4 x 13.5 x 10.3 x 9.1 x 7.76 x
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 3.52 x 3.07 x 2.25 x 2.37 x 2.19 x 2.05 x
Nbr of stocks (in thousands) 1,680,000 1,680,000 1,680,000 1,680,000 - -
Reference price 2 13.73 12.64 9.870 11.18 11.18 11.18
Announcement Date 24/02/22 21/04/23 28/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 33,788 50,758 47,124 56,364 65,792 75,027 80,993
EBITDA 1 598.2 990.1 1,221 1,224 1,829 2,064 2,422
EBIT 1 558.2 953.7 859.8 1,189 1,505 1,739 1,979
Operating Margin 1.65% 1.88% 1.82% 2.11% 2.29% 2.32% 2.44%
Earnings before Tax (EBT) 1 629 1,001 946.5 1,203 1,550 1,787 2,004
Net income 1 500.2 794.4 765.3 973.5 1,248 1,443 1,620
Net margin 1.48% 1.57% 1.62% 1.73% 1.9% 1.92% 2%
EPS 2 0.3300 0.4800 0.4600 0.5800 0.7450 0.8600 0.9650
Free Cash Flow - - - - - - -
FCF margin - - - - - - -
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 - - 0.3000 0.4500 0.4700 0.4600 0.6000
Announcement Date 20/04/21 24/02/22 21/04/23 28/04/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow - - - - - - -
ROE (net income / shareholders' equity) 10.1% 12.9% 11.4% 13.6% 15.8% 16.8% 17.7%
ROA (Net income/ Total Assets) - - 6.76% - 9.23% 10% 10.4%
Assets 1 - - 11,325 - 13,524 14,387 15,537
Book Value Per Share 2 3.470 3.900 4.120 4.400 4.720 5.100 5.460
Cash Flow per Share 2 0.3700 0.4900 0.7100 0.9400 1.590 -0.3600 1.160
Capex 1 - - 40.7 60.1 73 82.5 87.5
Capex / Sales - - 0.09% 0.11% 0.11% 0.11% 0.11%
Announcement Date 20/04/21 24/02/22 21/04/23 28/04/24 - - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
11.18 CNY
Average target price
14.31 CNY
Spread / Average Target
+28.00%
Consensus

Annual profits - Rate of surprise

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