Financials Jinhong Gas Co.,Ltd.

Equities

688106

CNE100003ZP4

Commodity Chemicals

End-of-day quote Shanghai S.E. 23:00:00 29/04/2024 BST 5-day change 1st Jan Change
18.77 CNY -1.93% Intraday chart for Jinhong Gas Co.,Ltd. +3.64% -22.08%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 14,724 13,311 9,004 11,594 9,007 - -
Enterprise Value (EV) 1 14,724 13,311 9,004 12,436 9,007 9,007 9,007
P/E ratio 64.7 x 81.8 x 39.9 x 38.2 x 23 x 18.1 x 15.3 x
Yield 0.82% 0.9% 1.33% 1.45% 2.34% 2.58% 3.04%
Capitalization / Revenue 11.8 x 7.64 x 4.58 x 4.78 x 3.04 x 2.49 x 2.02 x
EV / Revenue 11.8 x 7.64 x 4.58 x 4.78 x 3.04 x 2.49 x 2.02 x
EV / EBITDA 38.8 x 39.9 x 17.9 x 18 x 12 x 8.76 x 6.94 x
EV / FCF - - - -20.7 x -334 x 81.9 x 25.6 x
FCF Yield - - - -4.84% -0.3% 1.22% 3.91%
Price to Book 5.31 x 5.03 x 3.24 x 3.7 x 2.67 x 2.46 x 2.24 x
Nbr of stocks (in thousands) 484,333 478,653 479,973 481,263 479,862 - -
Reference price 2 30.40 27.81 18.76 24.09 18.77 18.77 18.77
Announcement Date 25/02/21 27/02/22 27/02/23 26/02/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,243 1,741 1,967 2,427 2,967 3,617 4,466
EBITDA 1 379.6 333.9 502.8 645.1 753.5 1,028 1,298
EBIT 1 240.3 204.2 280.8 400.7 491 631.9 758.7
Operating Margin 19.33% 11.73% 14.27% 16.51% 16.55% 17.47% 16.99%
Earnings before Tax (EBT) 1 239.6 200.1 279.9 400.9 492 625.6 743.6
Net income 1 197.3 167.1 229.1 315 398.3 505.4 599.5
Net margin 15.87% 9.59% 11.65% 12.98% 13.43% 13.97% 13.42%
EPS 2 0.4700 0.3400 0.4700 0.6300 0.8150 1.040 1.230
Free Cash Flow 1 - - - -561 -27 110 352
FCF margin - - - -23.11% -0.91% 3.04% 7.88%
FCF Conversion (EBITDA) - - - - - 10.7% 27.12%
FCF Conversion (Net income) - - - - - 21.76% 58.72%
Dividend per Share 2 0.2500 0.2500 0.2500 0.3500 0.4400 0.4846 0.5699
Announcement Date 25/02/21 27/02/22 27/02/23 26/02/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q4 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 530.1 - 646 647.4 589.4 648.9 718.9 977.2 - -
EBITDA 1 - - - - - 184.9 183.4 292 - -
EBIT 1 - - 121.3 74.35 92.7 107 118.5 201.1 - -
Operating Margin - - 18.78% 11.48% 15.73% 16.48% 16.48% 20.58% - -
Earnings before Tax (EBT) 1 - - 121.2 73.11 93.33 100.7 112.2 194.8 - -
Net income 1 60.21 101.6 97.02 56.05 76.48 100.7 112.2 87.45 - -
Net margin 11.36% - 15.02% 8.66% 12.98% 15.52% 15.61% 8.95% - -
EPS 2 - 0.2100 0.2000 0.1000 0.1500 0.2068 0.2305 0.1796 - -
Dividend per Share 2 - - - - - 0.1011 0.1011 0.1011 0.1222 0.1222
Announcement Date 27/02/23 17/08/23 25/10/23 26/02/24 25/04/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - 842 - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - 1.306 x - - -
Free Cash Flow 1 - - - -561 -27 110 352
ROE (net income / shareholders' equity) 11% 6.11% 8.39% 10.5% 11.6% 13.5% 14.7%
ROA (Net income/ Total Assets) 7.7% 4.38% 5.15% 5.74% 5.76% 6.4% 5.5%
Assets 1 2,564 3,816 4,446 5,487 6,920 7,897 10,900
Book Value Per Share 2 5.720 5.530 5.790 6.510 7.040 7.630 8.380
Cash Flow per Share 2 0.8300 0.6300 0.7900 0.9500 1.400 1.870 2.860
Capex 1 277 477 720 1,024 715 789 965
Capex / Sales 22.25% 27.37% 36.59% 42.17% 24.11% 21.82% 21.6%
Announcement Date 25/02/21 27/02/22 27/02/23 26/02/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
18.77 CNY
Average target price
26.97 CNY
Spread / Average Target
+43.70%
Consensus
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  4. Financials Jinhong Gas Co.,Ltd.