Financials Joy Kie Corporation Limited

Equities

300994

CNE100004N59

Recreational Products

End-of-day quote Shenzhen S.E. Other stock markets 23:00:00 09/05/2024 BST			5-day change	1st Jan Change
14.01 ^CNY	+3.93%		+20.15%	-4.69%

04-21	Joy Kie Corporation Limited Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
2023	Joy Kie Corporation Limited. Reports Earnings Results for the Nine Months Ended September 30, 2023	CI

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	9,250	3,830	3,426	3,266	-	-
Enterprise Value (EV) ¹	9,250	3,830	3,426	3,266	3,266	3,266
P/E ratio	37.5 x	22.9 x	32 x	21.1 x	16.1 x	13.7 x
Yield	1.43%	2.94%	2.48%	2.07%	2.93%	-
Capitalization / Revenue	2.49 x	1.61 x	1.71 x	1.33 x	1.14 x	1.04 x
EV / Revenue	2.49 x	1.61 x	1.71 x	1.33 x	1.14 x	1.04 x
EV / EBITDA	36.2 x	16.9 x	25.4 x	15.7 x	12.9 x	9.83 x
EV / FCF	-145,319,872 x	-	-	-	-	-
FCF Yield	-0%	-	-	-	-	-
Price to Book	8.59 x	3.4 x	3.05 x	2.77 x	2.35 x	2.36 x
Nbr of stocks (in thousands)	233,089	233,089	233,088	233,088	-	-
Reference price ²	39.68	16.43	14.70	14.01	14.01	14.01
Announcement Date	22/04/22	23/04/23	21/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	3,710	2,376	2,006	2,448	2,857	3,126
EBITDA ¹	-	255.5	226.9	134.9	207.8	253.6	332.4
EBIT ¹	-	246.8	212.9	119.8	184.6	244.3	282.6
Operating Margin	-	6.65%	8.96%	5.97%	7.54%	8.55%	9.04%
Earnings before Tax (EBT) ¹	186.9	250.7	216	126.9	188.6	248.3	285.1
Net income ¹	156.8	205.2	167.9	106.5	155.1	203.7	237.9
Net margin	-	5.53%	7.06%	5.31%	6.33%	7.13%	7.61%
EPS ²	-	1.058	0.7167	0.4600	0.6633	0.8725	1.020
Free Cash Flow	-	-63.65	-	-	-	-	-
FCF margin	-	-1.72%	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	-	0.5667	0.4833	0.3650	0.2900	0.4100	-
Announcement Date	15/07/21	22/04/22	23/04/23	21/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q1
Net sales	-
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income ¹	42.48
Net margin	-
EPS ²	0.1833
Dividend per Share	-
Announcement Date	22/04/22

¹CNY in Million²CNY

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-63.7	-	-	-	-	-
ROE (net income / shareholders' equity)	-	29.7%	15.4%	9.46%	13%	14.7%	16.8%
ROA (Net income/ Total Assets)	-	13.7%	9.15%	-	8.1%	9.03%	9.1%
Assets ¹	-	1,499	1,835	-	1,915	2,255	2,614
Book Value Per Share ²	-	4.620	4.840	4.820	5.050	5.970	5.930
Cash Flow per Share ²	-	0.0100	1.310	0.6300	0.7400	0.8400	0.7700
Capex ¹	-	66.4	45.3	105	87	98.5	114
Capex / Sales	-	1.79%	1.91%	5.25%	3.55%	3.45%	3.64%
Announcement Date	15/07/21	22/04/22	23/04/23	21/04/24	-	-	-

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

Ratings for Joy Kie Corporation Limited

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

14.01 CNY

Average target price

15.5 CNY

Spread / Average Target

+10.62%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Bicycle Manufacturing

	1st Jan change	Capi.
JOY KIE CORPORATION LIMITED	-4.69%	452M
SHIMANO INC.	+18.39%	14.89B
MERIDA INDUSTRY CO., LTD.	+22.47%	2.06B
ZHONGLU.CO.,LTD	+69.97%	714M
SHANGHAI PHOENIX ENTERPRISE (GROUP) CO., LTD.	-6.48%	510M
HL CORP (SHENZHEN)	-22.69%	255M
INNOX CORPORATION	-19.48%	128M
ERAAYA LIFESPACES LIMITED	+455.05%	115M
LEE CHI ENTERPRISES COMPANY LTD.	+4.50%	112M
IDEAL BIKE CORPORATION	+5.11%	97.59M

Bicycle Manufacturing