Financials Jiang Su Suyan Jingshen Co.,Ltd

Equities

603299

CNE100002557

Commodity Chemicals

End-of-day quote Shanghai S.E. 23:00:00 16/05/2024 BST 5-day change 1st Jan Change
10.06 CNY +1.31% Intraday chart for Jiang Su Suyan Jingshen Co.,Ltd -0.20% +18.08%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,870 5,360 5,483 7,389 7,780 6,663
Enterprise Value (EV) 1 4,372 5,963 5,663 7,586 7,130 5,339
P/E ratio 19.7 x 20.5 x 37 x 22.1 x 9.62 x 8.93 x
Yield 1.17% 1.48% 0.82% 1.57% 3.61% 4.99%
Capitalization / Revenue 1.04 x 1.28 x 1.39 x 1.55 x 1.3 x 1.17 x
EV / Revenue 1.58 x 1.42 x 1.44 x 1.59 x 1.19 x 0.94 x
EV / EBITDA 7.6 x 9.02 x 10.8 x 9.34 x 4.92 x 4.32 x
EV / FCF -33.2 x 32.8 x 11.8 x -1,566 x 7.62 x 5.2 x
FCF Yield -3.01% 3.05% 8.47% -0.06% 13.1% 19.2%
Price to Book 1.29 x 1.35 x 1.36 x 1.7 x 1.54 x 1.2 x
Nbr of stocks (in thousands) 559,440 775,731 774,380 772,927 780,341 782,089
Reference price 2 5.130 6.910 7.080 9.560 9.970 8.520
Announcement Date 15/04/19 27/04/20 28/04/21 27/04/22 17/04/23 29/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,764 4,190 3,937 4,761 5,969 5,682
EBITDA 1 575.4 660.9 526.3 812.2 1,449 1,237
EBIT 1 262.3 282.5 145.8 430.1 1,023 817.1
Operating Margin 9.49% 6.74% 3.7% 9.03% 17.14% 14.38%
Earnings before Tax (EBT) 1 182.2 322.6 191.8 415.8 1,019 912.6
Net income 1 144.9 261.3 148.4 334.3 803.9 738.4
Net margin 5.24% 6.23% 3.77% 7.02% 13.47% 12.99%
EPS 2 0.2600 0.3368 0.1916 0.4317 1.037 0.9536
Free Cash Flow 1 -131.6 181.7 479.4 -4.845 935.4 1,028
FCF margin -4.76% 4.34% 12.18% -0.1% 15.67% 18.08%
FCF Conversion (EBITDA) - 27.49% 91.08% - 64.56% 83.08%
FCF Conversion (Net income) - 69.55% 323.13% - 116.35% 139.16%
Dividend per Share 2 0.0600 0.1020 0.0580 0.1500 0.3600 0.4250
Announcement Date 15/04/19 27/04/20 28/04/21 27/04/22 17/04/23 29/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,502 603 180 197 - -
Net Cash position 1 - - - - 650 1,325
Leverage (Debt/EBITDA) 2.61 x 0.9117 x 0.3418 x 0.2425 x - -
Free Cash Flow 1 -132 182 479 -4.84 935 1,028
ROE (net income / shareholders' equity) 6.7% 6.55% 3.67% 7.87% 16.7% 13.1%
ROA (Net income/ Total Assets) 3.56% 2.55% 1.27% 3.5% 7.19% 5.15%
Assets 1 4,070 10,257 11,668 9,543 11,189 14,335
Book Value Per Share 2 3.970 5.110 5.220 5.610 6.460 7.090
Cash Flow per Share 2 0.7100 1.360 1.580 1.330 2.920 3.960
Capex 1 476 349 382 498 368 383
Capex / Sales 17.22% 8.32% 9.7% 10.45% 6.17% 6.74%
Announcement Date 15/04/19 27/04/20 28/04/21 27/04/22 17/04/23 29/04/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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