Financials Jiangsu Pacific Quartz Co., Ltd

Equities

603688

CNE100001VC5

Electronic Equipment & Parts

End-of-day quote Shanghai S.E. Other stock markets 23:00:00 06/05/2024 BST			5-day change	1st Jan Change
72.37 ^CNY	+0.63%		-16.80%	-16.70%

04-29	Jiangsu Pacific Quartz Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
04-02	Tranche Update on Jiangsu Pacific Quartz Co., Ltd's Equity Buyback Plan announced on December 15, 2023.	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	6,276	8,302	22,276	47,443	31,388	26,116	-	-
Enterprise Value (EV) ¹	6,276	8,302	22,276	46,990	28,757	21,249	19,253	17,107
P/E ratio	39.2 x	43.6 x	79.9 x	44.7 x	6.23 x	4.2 x	3.37 x	3.8 x
Yield	-	0.72%	0.38%	0.67%	6.56%	10.9%	9.35%	7.67%
Capitalization / Revenue	10.1 x	12.9 x	23.2 x	23.7 x	4.37 x	2.77 x	2.18 x	2.35 x
EV / Revenue	10.1 x	12.9 x	23.2 x	23.4 x	4 x	2.25 x	1.6 x	1.54 x
EV / EBITDA	-	30.5 x	-	35.9 x	4.74 x	2.87 x	2.71 x	2.11 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	4.12 x	4.31 x	10.3 x	14.5 x	4.17 x	2.32 x	1.43 x	1.29 x
Nbr of stocks (in thousands)	333,830	352,958	352,979	361,277	361,277	360,865	-	-
Reference price ²	18.80	23.52	63.11	131.3	86.88	72.37	72.37	72.37
Announcement Date	22/04/20	30/03/21	15/04/22	21/03/23	22/03/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	622.3	645.6	960.7	2,004	7,184	9,438	12,001	11,095
EBITDA ¹	-	272.1	-	1,311	6,065	7,401	7,093	8,109
EBIT ¹	184.2	212.7	321.5	1,237	5,958	7,320	9,103	8,078
Operating Margin	29.59%	32.95%	33.47%	61.71%	82.94%	77.55%	75.85%	72.81%
Earnings before Tax (EBT) ¹	189.5	216	319.1	1,231	5,921	6,754	10,165	10,370
Net income ¹	163.1	188.1	281	1,052	5,039	5,764	8,679	8,843
Net margin	26.21%	29.14%	29.25%	52.5%	70.14%	61.06%	72.32%	79.7%
EPS ²	0.4800	0.5400	0.7900	2.940	13.95	17.23	21.48	19.03
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	-	0.1700	0.2390	0.8750	5.700	7.860	6.765	5.550
Announcement Date	22/04/20	30/03/21	15/04/22	21/03/23	22/03/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q2
Net sales	-
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income ¹	1,610
Net margin	-
EPS ²	4.480
Dividend per Share	-
Announcement Date	24/08/23

¹CNY in Million²CNY

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	-	-	-	453	2,630	4,867	6,863	9,008
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	11.3%	10.9%	13.1%	39.4%	90.6%	61.8%	43.6%	34.4%
ROA (Net income/ Total Assets)	-	9.15%	12.2%	34.3%	-	51.4%	40.7%	36%
Assets ¹	-	2,056	2,310	3,066	-	11,213	21,324	24,564
Book Value Per Share ²	4.560	5.460	6.120	9.040	20.80	31.10	50.70	56.20
Cash Flow per Share ²	0.1200	0.0900	0.1200	1.340	10.60	15.20	23.40	-
Capex ¹	-	47.5	2.73	142	237	616	624	150
Capex / Sales	-	7.35%	0.28%	7.1%	3.3%	6.52%	5.2%	1.35%
Announcement Date	22/04/20	30/03/21	15/04/22	21/03/23	22/03/24	-	-	-

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

Ratings for Jiangsu Pacific Quartz Co., Ltd

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

72.37 CNY

Average target price

114.3 CNY

Spread / Average Target

+57.98%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Electronic Component

	1st Jan change	Capi.
JIANGSU PACIFIC QUARTZ CO., LTD	-16.70%	3.6B
AMPHENOL CORPORATION	+25.81%	74.95B
HON HAI PRECISION INDUSTRY CO., LTD.	+62.20%	71.82B
MURATA MANUFACTURING CO., LTD	-4.59%	34.33B
LUXSHARE PRECISION INDUSTRY CO., LTD.	-10.42%	30.86B
JABIL INC.	-7.83%	14.35B
LENS TECHNOLOGY CO., LTD.	+11.29%	10.13B
AVIC JONHON OPTRONIC TECHNOLOGY CO.,LTD.	-8.97%	10.11B
COHERENT CORP.	+27.04%	8.79B
YAGEO CORPORATION	+10.22%	8.55B

Electronic Component