Financials Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD.

Equities

End-of-day quote Shanghai S.E. Other stock markets 23:00:00 16/05/2024 BST			5-day change	1st Jan Change
8.44 ^CNY	-1.86%		-1.75%	+11.79%

05-15	Wujin Stainless Steel Pipe Chairman Steps Down; Shares Rise 3%	MT
04-25	Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	3,238	3,054	2,805	4,312	4,236	4,735	-	-
Enterprise Value (EV) ¹	3,238	3,054	2,805	4,312	4,236	4,735	4,735	4,735
P/E ratio	10.4 x	13.9 x	15.9 x	19.9 x	12.2 x	10.7 x	9.38 x	8.48 x
Yield	-	-	-	-	7.02%	6.4%	6.4%	6.4%
Capitalization / Revenue	1.39 x	1.27 x	1.04 x	1.52 x	1.2 x	1.17 x	1.07 x	1.02 x
EV / Revenue	1.39 x	1.27 x	1.04 x	1.52 x	1.2 x	1.17 x	1.07 x	1.02 x
EV / EBITDA	7.56 x	9.44 x	10.6 x	14.1 x	8.68 x	7.96 x	7.01 x	6.43 x
EV / FCF	-123,012,857 x	10,959,309 x	-	-	-	-	-	-
FCF Yield	-0%	0%	-	-	-	-	-	-
Price to Book	1.38 x	1.27 x	1.13 x	1.67 x	1.52 x	1.61 x	1.48 x	1.37 x
Nbr of stocks (in thousands)	554,288	561,062	561,062	561,062	561,062	561,065	-	-
Reference price ²	5.842	5.443	5.000	7.686	7.550	8.440	8.440	8.440
Announcement Date	30/03/20	23/02/21	11/02/22	01/02/23	25/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,324	2,401	2,699	2,830	3,516	4,039	4,432	4,647
EBITDA ¹	428.2	323.4	265.8	306.6	488	595	675	736.1
EBIT ¹	366.6	258.7	197.9	233.5	405.6	507	579.1	637.1
Operating Margin	15.78%	10.78%	7.33%	8.25%	11.54%	12.55%	13.07%	13.71%
Earnings before Tax (EBT) ¹	365.4	253.6	201.7	245.8	407.5	509	582.4	641.5
Net income ¹	314.9	220.4	176.3	215.1	351.6	441	505.9	557.1
Net margin	13.55%	9.18%	6.53%	7.6%	10%	10.92%	11.41%	11.99%
EPS ²	0.5612	0.3929	0.3143	0.3857	0.6200	0.7900	0.9000	0.9950
Free Cash Flow	-26.32	278.6	-	-	-	-	-	-
FCF margin	-1.13%	11.61%	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	86.17%	-	-	-	-	-	-
FCF Conversion (Net income)	-	126.41%	-	-	-	-	-	-
Dividend per Share ²	-	-	-	-	0.5300	0.5400	0.5400	0.5400
Announcement Date	30/03/20	23/02/21	11/02/22	01/02/23	25/04/24	-	-	-

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	-26.3	279	-	-	-	-	-	-
ROE (net income / shareholders' equity)	13.9%	9.23%	7.23%	8.55%	13.2%	15%	15.8%	16%
ROA (Net income/ Total Assets)	-	-	-	-	-	9.36%	9.64%	9.34%
Assets ¹	-	-	-	-	-	4,712	5,248	5,964
Book Value Per Share ²	4.230	4.290	4.410	4.600	4.950	5.250	5.690	6.180
Cash Flow per Share ²	0.0800	0.6100	0.8700	-0.0400	0.3600	0.6600	0.8800	0.9800
Capex ¹	75.6	65.2	103	86.2	88	86.8	69.2	111
Capex / Sales	3.25%	2.72%	3.83%	3.04%	2.5%	2.15%	1.56%	2.39%
Announcement Date	30/03/20	23/02/21	11/02/22	01/02/23	25/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

8.44 CNY

Average target price

10.25 CNY

Spread / Average Target

+21.45%

	1st Jan change	Capi.
JIANGSU WUJIN STAINLESS STEEL PIPE GROUP CO.,LTD.	+11.79%	668M
JSW STEEL LIMITED	+3.06%	25.83B
BAOSHAN IRON & STEEL CO., LTD.	+18.38%	21.04B
JINDAL STEEL & POWER LIMITED	+35.74%	12.07B
CHINA STEEL CORPORATION	-7.22%	11.93B
CITIC PACIFIC SPECIAL STEEL GROUP CO., LTD	+11.82%	11.11B
INNER MONGOLIA BAOTOU STEEL UNION CO., LTD.	+10.27%	10B
TERNIUM S.A.	+2.75%	8.46B
BHARAT FORGE LIMITED	+19.37%	8.27B
JINDAL STAINLESS LIMITED	+23.60%	6.74B