Projected Income Statement: Jiangxi Copper Company Limited

Forecast Balance Sheet: Jiangxi Copper Company Limited

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 33,464 28,893 33,892 37,198 37,499 35,603 40,329 35,272
Change - -13.66% 17.3% 9.75% 0.81% -5.06% 13.27% -12.54%
Announcement Date 29/03/21 25/03/22 24/03/23 27/03/24 27/03/25 - - -
1CNY in Million
Estimates

Cash Flow Forecast: Jiangxi Copper Company Limited

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
CAPEX 1 3,647 2,871 5,315 6,811 6,551 6,000 6,278 5,772
Change - -21.26% 85.11% 28.14% -3.82% -8.41% 4.63% -8.07%
Free Cash Flow (FCF) 1 -2,441 6,160 5,326 4,120 -4,043 15,570 3,579 13,121
Change - 352.34% -13.54% -22.65% -198.14% 485.09% -77.01% 266.61%
Announcement Date 29/03/21 25/03/22 24/03/23 27/03/24 27/03/25 - - -
1CNY in Million
Estimates

Forecast Financial Ratios: Jiangxi Copper Company Limited

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027

Profitability

        
EBITDA Margin (%) 2.49% 2.66% 2.26% 1.99% 2.77% 2.85% 2.87% 2.96%
EBIT Margin (%) 1.65% 2.04% 1.75% 1.51% 2.19% 2.29% 2.2% 2.28%
EBT Margin (%) 1.02% 1.68% 1.57% 1.66% 1.74% 2.03% 2.08% 2.22%
Net margin (%) 0.7% 1.31% 1.25% 1.3% 1.33% 1.57% 1.6% 1.71%
FCF margin (%) -0.77% 1.39% 1.11% 0.79% -0.78% 2.95% 0.58% 2.18%
FCF / Net Income (%) -109.59% 106.72% 88.74% 61.07% -58.59% 188.21% 36.06% 127.5%

Profitability

        
ROA 1.62% 3.82% 3.66% 4.02% 3.82% 4.37% 4.03% 4.27%
ROE 3.96% 8.9% 8.38% 9.57% 9.58% 10.21% 10.69% 10.64%

Financial Health

        
Leverage (Debt/EBITDA) 4.22x 2.46x 3.13x 3.59x 2.61x 2.33x 2.36x 2.02x
Debt / Free cash flow -13.71x 4.69x 6.36x 9.03x -9.27x 2.29x 11.27x 2.69x

Capital Intensity

        
CAPEX / Current Assets (%) 1.15% 0.65% 1.11% 1.31% 1.26% 1.14% 1.02% 0.96%
CAPEX / EBITDA (%) 46.02% 24.43% 49.08% 65.82% 45.56% 39.24% 36.81% 33.1%
CAPEX / FCF (%) -149.38% 46.61% 99.8% 165.33% -162.02% 38.54% 175.42% 43.99%

Items per share

        
Cash flow per share 1 -0.65 2.608 3.073 3.157 - 5.99 2.393 4.933
Change - 501.26% 17.82% 2.73% - - -60.05% 106.12%
Dividend per Share 1 0.1 0.5 0.5 0.6 0.7 0.7972 1.001 1.028
Change - 400% 0% 20% 16.67% 13.88% 25.58% 2.68%
Book Value Per Share 1 17.3 20.16 21.23 19.47 - 24.17 25.93 27.89
Change - 16.53% 5.31% -8.29% - - 7.26% 7.58%
EPS 1 0.64 1.67 1.73 1.95 2 2.362 2.867 2.973
Change - 160.94% 3.59% 12.72% 2.56% 18.08% 21.39% 3.72%
Nbr of stocks (in thousands) 3,462,729 3,462,729 3,462,729 3,462,729 3,452,288 3,452,288 3,452,288 3,452,288
Announcement Date 29/03/21 25/03/22 24/03/23 27/03/24 27/03/25 - - -
1CNY
Estimates
2025 *2026 *
P/E ratio 16.9x 13.9x
PBR 1.65x 1.54x
EV / Sales 0.41x 0.37x
Yield 2% 2.51%
More valuation ratios * Estimated data

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
39.88CNY
Average target price
35.41CNY
Spread / Average Target
-11.21%
Consensus

Quarterly revenue - Rate of surprise

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