Financials Jiangxi Hongdu Aviation Industry Co., Ltd.

Equities

600316

CNE0000015N3

Aerospace & Defense

End-of-day quote Shanghai S.E. 23:00:00 29/04/2024 BST 5-day change 1st Jan Change
17.99 CNY -1.69% Intraday chart for Jiangxi Hongdu Aviation Industry Co., Ltd. -0.28% -15.02%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 7,092 9,344 40,782 28,010 18,064 15,181
Enterprise Value (EV) 1 8,887 9,444 40,152 27,162 17,440 14,397
P/E ratio 47.8 x 113 x 308 x 185 x 128 x 467 x
Yield 0.12% 0.12% 0.1% 0.17% 0.23% 0.07%
Capitalization / Revenue 2.93 x 2.11 x 8.05 x 3.88 x 2.49 x 4.07 x
EV / Revenue 3.68 x 2.14 x 7.92 x 3.76 x 2.41 x 3.86 x
EV / EBITDA 104 x 50.2 x 330 x 250 x 219 x 222 x
EV / FCF -16.1 x -18 x 71.8 x 188 x -56.5 x 96.4 x
FCF Yield -6.21% -5.55% 1.39% 0.53% -1.77% 1.04%
Price to Book 1.46 x 1.88 x 7.98 x 5.35 x 3.41 x 2.87 x
Nbr of stocks (in thousands) 717,115 717,115 717,115 717,115 717,115 717,115
Reference price 2 9.890 13.03 56.87 39.06 25.19 21.17
Announcement Date 20/03/19 30/03/20 30/03/21 30/03/22 15/03/23 15/03/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,418 4,420 5,069 7,214 7,251 3,727
EBITDA 1 85.22 188.1 121.6 108.4 79.55 64.94
EBIT 1 -51.93 63.29 45.48 35.97 -5.522 -11.56
Operating Margin -2.15% 1.43% 0.9% 0.5% -0.08% -0.31%
Earnings before Tax (EBT) 1 171.3 103.4 150.4 172.7 152.2 33.26
Net income 1 148.4 82.87 132.6 151.4 140.9 32.5
Net margin 6.14% 1.87% 2.62% 2.1% 1.94% 0.87%
EPS 2 0.2069 0.1156 0.1849 0.2111 0.1964 0.0453
Free Cash Flow 1 -551.9 -524.3 559.1 144.8 -308.5 149.4
FCF margin -22.83% -11.86% 11.03% 2.01% -4.25% 4.01%
FCF Conversion (EBITDA) - - 459.84% 133.51% - 230.02%
FCF Conversion (Net income) - - 421.63% 95.62% - 459.61%
Dividend per Share 2 0.0120 0.0150 0.0570 0.0670 0.0590 0.0150
Announcement Date 20/03/19 30/03/20 30/03/21 30/03/22 15/03/23 15/03/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,794 100 - - - -
Net Cash position 1 - - 631 849 624 784
Leverage (Debt/EBITDA) 21.06 x 0.5335 x - - - -
Free Cash Flow 1 -552 -524 559 145 -308 149
ROE (net income / shareholders' equity) 3.04% 1.51% 2.65% 2.92% 2.68% 0.61%
ROA (Net income/ Total Assets) -0.34% 0.41% 0.31% 0.16% -0.02% -0.04%
Assets 1 -43,935 20,256 42,246 92,888 -718,739 -74,035
Book Value Per Share 2 6.790 6.920 7.130 7.310 7.390 7.380
Cash Flow per Share 2 0.8900 0.7800 1.650 1.250 0.8700 1.090
Capex 1 471 236 55.2 49 71.7 35.3
Capex / Sales 19.47% 5.35% 1.09% 0.68% 0.99% 0.95%
Announcement Date 20/03/19 30/03/20 30/03/21 30/03/22 15/03/23 15/03/24
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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