Financials Jonjee Hi-Tech Industrial and Commercial Holding Co.,Ltd

Equities

600872

CNE000000HK0

Food Processing

End-of-day quote Shanghai S.E. 23:00:00 25/04/2024 BST 5-day change 1st Jan Change
29.43 CNY +1.03% Intraday chart for Jonjee Hi-Tech Industrial and Commercial Holding Co.,Ltd +12.33% +4.73%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 31,348 53,096 29,274 28,426 21,665 22,571 - -
Enterprise Value (EV) 1 31,182 53,214 28,727 27,800 21,265 21,134 20,636 20,773
P/E ratio 43.7 x 59.7 x 40.3 x -48 x 12.8 x 29.9 x 24.6 x 19.4 x
Yield 0.71% 1.02% 0.79% - 1.42% 1.17% 1.44% 1.7%
Capitalization / Revenue 6.71 x 10.4 x 5.72 x 5.32 x 4.22 x 3.91 x 3.35 x 2.83 x
EV / Revenue 6.67 x 10.4 x 5.62 x 5.2 x 4.14 x 3.66 x 3.06 x 2.61 x
EV / EBITDA 29.1 x 40.2 x 27.8 x 31.5 x 25.9 x 19.8 x 15.7 x 13.3 x
EV / FCF 37.7 x 78.9 x 33.9 x 82.5 x 37.2 x 27.3 x 25.8 x 20.6 x
FCF Yield 2.65% 1.27% 2.95% 1.21% 2.69% 3.66% 3.87% 4.86%
Price to Book 7.94 x 11.5 x 7.89 x 9.62 x 4.69 x 4.42 x 4.12 x 3.43 x
Nbr of stocks (in thousands) 796,637 796,637 770,988 770,988 770,988 766,925 - -
Reference price 2 39.35 66.65 37.97 36.87 28.10 29.43 29.43 29.43
Announcement Date 28/02/20 12/03/21 28/01/22 20/03/23 29/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 4,675 5,123 5,116 5,341 5,139 5,771 6,738 7,964
EBITDA 1 1,072 1,322 1,035 883.7 820.9 1,068 1,314 1,564
EBIT 1 930.9 1,169 877.5 705.7 632.8 889.9 1,095 1,368
Operating Margin 19.91% 22.81% 17.15% 13.21% 12.31% 15.42% 16.25% 17.18%
Earnings before Tax (EBT) 1 928 1,130 876.5 -474.4 1,802 901.5 1,120 1,400
Net income 1 717.9 889.9 742 -592.2 1,697 768.1 936.5 1,182
Net margin 15.36% 17.37% 14.5% -11.09% 33.02% 13.31% 13.9% 14.84%
EPS 2 0.9012 1.117 0.9431 -0.7682 2.201 0.9836 1.198 1.516
Free Cash Flow 1 826.5 674.4 846.3 336.8 571.1 773 799 1,010
FCF margin 17.68% 13.16% 16.54% 6.31% 11.11% 13.39% 11.86% 12.68%
FCF Conversion (EBITDA) 77.11% 51% 81.77% 38.12% 69.57% 72.35% 60.83% 64.53%
FCF Conversion (Net income) 115.12% 75.78% 114.06% - 33.65% 100.63% 85.31% 85.41%
Dividend per Share 2 0.2800 0.6800 0.3000 - 0.4000 0.3446 0.4241 0.4992
Announcement Date 28/02/20 12/03/21 28/01/22 20/03/23 29/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 1,704 2,800 - 1,305 2,652 1,304 1,385 1,367 1,288 1,299 1,186 1,485 1,435 1,441 1,345 - -
EBITDA 1 453.3 - - 217.7 - 172.5 - - - - - - 259.2 259.2 238.5 - -
EBIT 1 410.9 517.1 - 194.2 - 128.9 184.1 183.9 181.6 209.4 57.95 307.4 226.7 230 180.8 - -
Operating Margin 24.12% 18.47% - 14.88% - 9.89% 13.29% 13.46% 14.1% 16.12% 4.89% 20.7% 15.8% 15.96% 13.45% - -
Earnings before Tax (EBT) 1 411 516.2 - 193 - 129.4 -993.5 184.6 -1,556 209 2,964 306.7 222 222 204.3 - -
Net income 1 375.2 462.1 - 154.7 313.1 105.6 -1,011 149.7 -1,593 170.4 2,969 239 187.3 187.3 172.3 - -
Net margin 22.02% 16.51% - 11.85% 11.81% 8.1% -72.99% 10.95% -123.68% 13.12% 250.34% 16.1% 13.05% 13% 12.82% - -
EPS 2 0.4800 - 0.2055 0.2000 - 0.1300 -1.310 0.1941 -2.060 0.2200 3.850 0.3117 0.2385 0.2385 0.2194 - -
Dividend per Share 2 0.3000 - - - - - - - - - - - - - 0.4770 - -
Announcement Date 28/01/22 28/01/22 24/04/22 18/08/22 18/08/22 27/10/22 20/03/23 26/04/23 30/08/23 18/10/23 29/03/24 23/04/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 119 - - - - - -
Net Cash position 1 166 - 547 627 400 1,437 1,935 1,798
Leverage (Debt/EBITDA) - 0.0896 x - - - - - -
Free Cash Flow 1 826 674 846 337 571 773 799 1,010
ROE (net income / shareholders' equity) 19.4% 21% 17.5% -17.4% 44% 15.1% 16.7% 18%
ROA (Net income/ Total Assets) 12% 14.1% 12% 9.16% - 11.2% 12.3% 13.5%
Assets 1 5,969 6,306 6,196 -6,464 - 6,879 7,602 8,734
Book Value Per Share 2 4.960 5.790 4.810 3.830 5.990 6.660 7.150 8.580
Cash Flow per Share 2 1.330 1.260 1.520 0.8600 1.070 1.060 1.230 1.610
Capex 1 232 327 366 341 271 272 287 337
Capex / Sales 4.97% 6.38% 7.16% 6.38% 5.27% 4.72% 4.26% 4.23%
Announcement Date 28/02/20 12/03/21 28/01/22 20/03/23 29/03/24 - - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
22
Last Close Price
29.43 CNY
Average target price
35.5 CNY
Spread / Average Target
+20.62%
Consensus
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