Financials Jianzhong Construction Development Limited

Equities

589

KYG5139A1031

Construction & Engineering

Market Closed - Hong Kong S.E. 08:08:03 28/03/2024 GMT 5-day change 1st Jan Change
0.19 HKD -.--% Intraday chart for Jianzhong Construction Development Limited -.--% -24.00%

Valuation

Fiscal Period: December 2020 2021 2022
Capitalization 1 557.6 514.3 218
Enterprise Value (EV) 1 699.1 820.3 356.9
P/E ratio 8.84 x -5.47 x -1.01 x
Yield 1.96% - -
Capitalization / Revenue 0.44 x 0.45 x 0.42 x
EV / Revenue 0.55 x 0.72 x 0.68 x
EV / EBITDA 4.09 x -22.2 x -5.25 x
EV / FCF -2.07 x -5 x 2.78 x
FCF Yield -48.3% -20% 36%
Price to Book 0.51 x 0.52 x 0.28 x
Nbr of stocks (in thousands) 625,000 625,000 625,000
Reference price 2 0.8922 0.8230 0.3489
Announcement Date 29/03/21 29/04/22 28/04/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 498.9 1,193 1,578 1,279 1,143 524.6
EBITDA 1 158.9 283.5 322.9 170.7 -37 -68
EBIT 1 94.8 190.2 222.3 81.5 -126.9 -140.5
Operating Margin 19% 15.94% 14.09% 6.37% -11.1% -26.77%
Earnings before Tax (EBT) 1 89.56 177 208.3 69.05 -118 -224.3
Net income 1 67.55 140.5 179.2 59.75 -93.96 -216.1
Net margin 13.54% 11.78% 11.36% 4.67% -8.22% -41.19%
EPS - - 0.3824 0.1009 -0.1503 -0.3457
Free Cash Flow 1 -257.1 22.22 -127.8 -337.4 -164.2 128.6
FCF margin -51.54% 1.86% -8.1% -26.38% -14.37% 24.51%
FCF Conversion (EBITDA) - 7.84% - - - -
FCF Conversion (Net income) - 15.82% - - - -
Dividend per Share - - - 0.0175 - -
Announcement Date 28/02/20 28/02/20 28/04/20 29/03/21 29/04/22 28/04/23
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 139 46.6 - 141 306 139
Net Cash position 1 - - 0.88 - - -
Leverage (Debt/EBITDA) 0.874 x 0.1645 x - 0.8287 x -8.269 x -2.042 x
Free Cash Flow 1 -257 22.2 -128 -337 -164 129
ROE (net income / shareholders' equity) 36.7% 32.3% 26% 6.23% -9.03% -24.5%
ROA (Net income/ Total Assets) 10.9% 11.8% 9.9% 2.66% -3.56% -4.58%
Assets 1 619.1 1,192 1,811 2,250 2,638 4,719
Book Value Per Share - - 1.760 1.750 1.580 1.240
Cash Flow per Share - - 0.2200 0.3200 0.1500 0.2400
Capex 1 201 90.7 83.8 131 290 28.7
Capex / Sales 40.24% 7.6% 5.31% 10.28% 25.41% 5.48%
Announcement Date 28/02/20 28/02/20 28/04/20 29/03/21 29/04/22 28/04/23
1CNY in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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