Financials Jiangshan Oupai Door Industry Co., Ltd

Equities

End-of-day quote Shanghai S.E. Other stock markets 23:00:00 28/04/2024 BST			5-day change	1st Jan Change
24.26 ^CNY	+5.99%		-7.62%	-18.29%

04-24	Jiangshan Oupai Door Industry Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
2023	Jiangshan Oupai Door Industry Co., Ltd Reports Earnings Results for the Nine Months Ended September 30, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	4,118	11,058	6,627	8,307	5,222	4,267	-	-
Enterprise Value (EV) ¹	4,118	11,058	6,627	8,307	5,222	4,267	4,267	4,267
P/E ratio	15.8 x	26 x	26.6 x	-28 x	13.4 x	9.48 x	7.52 x	7.46 x
Yield	1.96%	-	1.17%	3.26%	6%	3.42%	3.83%	-
Capitalization / Revenue	2.03 x	3.67 x	2.1 x	2.59 x	1.4 x	1.02 x	0.8 x	0.83 x
EV / Revenue	2.03 x	3.67 x	2.1 x	2.59 x	1.4 x	1.02 x	0.8 x	0.83 x
EV / EBITDA	-	18.6 x	17.5 x	-51.7 x	10.7 x	6.38 x	5.62 x	5.66 x
EV / FCF	-	-	-16,710,541 x	28,094,826 x	-	-	-	-
FCF Yield	-	-	-0%	0%	-	-	-	-
Price to Book	3.14 x	6.71 x	3.67 x	6.07 x	3.51 x	2.08 x	1.68 x	1.4 x
Nbr of stocks (in thousands)	177,553	177,553	177,553	175,879	175,879	175,879	-	-
Reference price ²	23.20	62.28	37.33	47.23	29.69	24.26	24.26	24.26
Announcement Date	20/01/20	26/01/21	28/04/22	28/04/23	07/03/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,027	3,012	3,157	3,209	3,738	4,193	5,366	5,133
EBITDA ¹	-	594.1	379.7	-160.5	489.7	669.2	758.8	754.2
EBIT ¹	309.9	518.4	285.1	-276.1	357.1	537.5	630.3	638.1
Operating Margin	15.29%	17.21%	9.03%	-8.6%	9.55%	12.82%	11.75%	12.43%
Earnings before Tax (EBT) ¹	304	516.9	286	-278.8	358.4	502.3	648.3	639.5
Net income ¹	261.3	425.8	256.9	-298.5	389.9	452.7	571.2	576.4
Net margin	12.89%	14.14%	8.14%	-9.3%	10.43%	10.8%	10.65%	11.23%
EPS ²	1.470	2.396	1.402	-1.685	2.220	2.560	3.227	3.250
Free Cash Flow	-	-	-396.6	295.7	-	-	-	-
FCF margin	-	-	-12.56%	9.21%	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.4552	-	0.4379	1.538	1.780	0.8300	0.9300	-
Announcement Date	20/01/20	26/01/21	28/04/22	28/04/23	07/03/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-397	296	-	-	-	-
ROE (net income / shareholders' equity)	21.8%	28.7%	14.5%	-18.2%	26.5%	23.2%	21.8%	18.4%
ROA (Net income/ Total Assets)	10.6%	13.4%	7.45%	-	8.82%	7.86%	7.88%	-
Assets ¹	2,473	3,176	3,450	-	4,420	5,762	7,249	-
Book Value Per Share ²	7.390	9.280	10.20	7.780	8.470	11.70	14.40	17.40
Cash Flow per Share ²	1.820	1.350	-0.1000	2.950	2.390	5.920	4.530	5.570
Capex ¹	368	342	379	227	101	191	229	188
Capex / Sales	18.17%	11.35%	12%	7.08%	2.71%	4.55%	4.26%	3.66%
Announcement Date	20/01/20	26/01/21	28/04/22	28/04/23	07/03/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

24.26 CNY

Average target price

37.19 CNY

Spread / Average Target

+53.30%

	1st Jan change	Capi.
JIANGSHAN OUPAI DOOR INDUSTRY CO., LTD	-18.29%	556M
MASONITE INTERNATIONAL CORPORATION	+56.59%	2.89B
JELD-WEN HOLDING, INC.	+11.23%	1.84B
AGTA RECORD LTD	+3.79%	1.11B
BUNKA SHUTTER CO., LTD.	+18.40%	750M
EGE PROFIL TICARET VE SANAYI ANONIM SIRKETI	+50.92%	521M
WANGLI SECURITY & SURVEILLANCE PRODUCT CO., LTD	-15.91%	482M
HARBIN SAYYAS WINDOWS CO., LTD.	-2.88%	332M
MENGTIAN HOME GROUP INC.	-23.02%	294M
EUROCELL PLC	+3.05%	183M