Financials Jinneng Holding Shanxi Coal Industry Co.,ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 23:00:00 25/04/2024 BST			5-day change	1st Jan Change
14.94 ^CNY	-0.60%		-9.18%	+21.17%

04-26	Jinneng Holding Shanxi Coal Industry Co.,ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
01-22	Jinneng Holding Shanxi Coal Vice Chairman Resigns	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	7,364	10,544	16,084	20,017	20,637	25,005	-	-
Enterprise Value (EV) ¹	7,364	10,544	16,084	20,017	20,637	25,005	25,005	25,005
P/E ratio	8.15 x	12.1 x	3.46 x	6.57 x	6.26 x	6.52 x	7.42 x	4.83 x
Yield	-	-	-	5.27%	6.41%	6.16%	7.43%	8.3%
Capitalization / Revenue	0.65 x	0.97 x	0.88 x	1.24 x	1.35 x	1.55 x	1.6 x	1.27 x
EV / Revenue	0.65 x	0.97 x	0.88 x	1.24 x	1.35 x	1.55 x	1.6 x	1.27 x
EV / EBITDA	-	-	1.66 x	2.76 x	2.95 x	3.35 x	3.62 x	2.59 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	1.15 x	1.45 x	1.35 x	1.38 x	1.22 x	1.28 x	1.17 x	0.96 x
Nbr of stocks (in thousands)	1,673,700	1,673,700	1,673,700	1,673,700	1,673,700	1,673,700	-	-
Reference price ²	4.400	6.300	9.610	11.96	12.33	14.94	14.94	14.94
Announcement Date	29/04/20	28/04/21	23/03/22	28/04/23	26/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	11,358	10,905	18,265	16,082	15,342	16,138	15,674	19,691
EBITDA ¹	-	-	9,693	7,255	6,996	7,463	6,917	9,641
EBIT ¹	2,232	2,113	8,302	6,047	5,816	6,098	6,242	9,144
Operating Margin	19.65%	19.38%	45.45%	37.6%	37.91%	37.78%	39.83%	46.44%
Earnings before Tax (EBT) ¹	2,222	2,102	8,275	6,000	5,868	6,094	6,238	9,202
Net income ¹	897.5	875.7	4,658	3,044	3,301	3,829	3,370	5,176
Net margin	7.9%	8.03%	25.5%	18.93%	21.52%	23.73%	21.5%	26.29%
EPS ²	0.5400	0.5200	2.780	1.820	1.970	2.290	2.012	3.090
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	-	-	-	0.6300	0.7900	0.9200	1.110	1.240
Announcement Date	29/04/20	28/04/21	23/03/22	28/04/23	26/04/24	-	-	-

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	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	15.1%	12.8%	48.6%	23%	20.9%	19.6%	14.6%	19.9%
ROA (Net income/ Total Assets)	3.4%	2.94%	12.9%	7.21%	-	8.92%	8.11%	9.62%
Assets ¹	26,427	29,746	36,177	42,216	-	42,926	41,576	53,805
Book Value Per Share ²	3.830	4.350	7.110	8.680	10.10	11.70	12.80	15.50
Cash Flow per Share ²	1.610	2.240	4.670	3.370	3.690	17.70	11.90	4.800
Capex ¹	467	792	481	594	839	793	803	1,462
Capex / Sales	4.11%	7.26%	2.64%	3.69%	5.47%	4.92%	5.12%	7.42%
Announcement Date	29/04/20	28/04/21	23/03/22	28/04/23	26/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

14.94 CNY

Average target price

13.2 CNY

Spread / Average Target

-11.65%

	1st Jan change	Capi.
JINNENG HOLDING SHANXI COAL INDUSTRY CO.,LTD.	+21.17%	3.45B
CHINA SHENHUA ENERGY COMPANY LIMITED	+19.44%	104B
PT BAYAN RESOURCES TBK.	-5.15%	38.78B
COAL INDIA LIMITED	+21.22%	33.68B
SHAANXI COAL INDUSTRY COMPANY LIMITED	+19.96%	33.53B
YANKUANG ENERGY GROUP COMPANY LIMITED	+11.73%	20.45B
CHINA COAL ENERGY COMPANY LIMITED	+7.75%	18.4B
SHANXI LU'AN ENVIRONMENTAL ENERGY DEVELOPMENT CO., LTD.	-4.70%	8.62B
SHANXI COKING COAL ENERGY GROUP CO., LTD.	+6.48%	8.24B
HUAIBEI MINING HOLDINGS CO.,LTD.	+7.46%	6.64B