Financials Nantong Jianghai Capacitor Co. Ltd.

Equities

002484

CNE100000V79

Electronic Equipment & Parts

End-of-day quote Shenzhen S.E. 23:00:00 25/04/2024 BST 5-day change 1st Jan Change
15.22 CNY +3.12% Intraday chart for Nantong Jianghai Capacitor Co. Ltd. +1.06% -5.23%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,391 8,592 22,547 18,729 13,577 12,920 - -
Enterprise Value (EV) 1 6,391 8,592 22,547 18,259 12,918 11,855 11,543 10,979
P/E ratio 26.9 x 23.5 x 52.2 x 28.3 x 19.2 x 15.1 x 12.5 x 11.4 x
Yield - - 0.44% 0.67% 1.62% 2.23% 1.86% 2.21%
Capitalization / Revenue 3.01 x 3.26 x 6.35 x 4.14 x 2.8 x 2.21 x 1.87 x 1.69 x
EV / Revenue 3.01 x 3.26 x 6.35 x 4.04 x 2.67 x 2.03 x 1.67 x 1.43 x
EV / EBITDA 15.4 x 17.1 x 34.2 x 19.6 x 12.4 x 10.1 x 8.37 x 6.96 x
EV / FCF - - -365 x -431 x 46.4 x 45.4 x 19.2 x 16.8 x
FCF Yield - - -0.27% -0.23% 2.16% 2.2% 5.21% 5.96%
Price to Book 1.87 x 2.21 x 5.28 x 3.84 x 2.46 x 2.1 x 1.86 x 1.66 x
Nbr of stocks (in thousands) 815,155 818,295 825,308 837,259 845,399 848,892 - -
Reference price 2 7.840 10.50 27.32 22.37 16.06 15.22 15.22 15.22
Announcement Date 27/02/20 25/03/21 24/03/22 29/03/23 11/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,123 2,635 3,550 4,522 4,845 5,840 6,921 7,665
EBITDA 1 416 503.2 659.7 932.1 1,041 1,171 1,378 1,578
EBIT 1 306.4 377.4 500.5 752.7 826.1 982 1,183 1,315
Operating Margin 14.43% 14.32% 14.1% 16.65% 17.05% 16.82% 17.09% 17.15%
Earnings before Tax (EBT) 1 302.5 426.3 500.9 749.7 823.7 988.5 1,194 1,329
Net income 1 240.6 372.8 434.9 661.2 707.1 857.5 1,037 1,143
Net margin 11.33% 14.15% 12.25% 14.62% 14.59% 14.68% 14.98% 14.91%
EPS 2 0.2914 0.4474 0.5229 0.7900 0.8360 1.009 1.215 1.340
Free Cash Flow 1 - - -61.8 -42.34 278.6 261 601.5 654
FCF margin - - -1.74% -0.94% 5.75% 4.47% 8.69% 8.53%
FCF Conversion (EBITDA) - - - - 26.75% 22.29% 43.64% 41.44%
FCF Conversion (Net income) - - - - 39.4% 30.44% 58.02% 57.21%
Dividend per Share 2 - - 0.1200 0.1500 0.2600 0.3400 0.2829 0.3364
Announcement Date 27/02/20 25/03/21 24/03/22 29/03/23 11/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 - 966.9 - 1,189 1,087 1,264 1,183 1,291 1,305 1,067 2,372 1,051 1,410 1,447 -
EBITDA - - - - - - - - - - - - - - -
EBIT 1 - - - 215.6 225.6 174.8 185.1 245.8 205 190.1 - 162 204 260 253
Operating Margin - - - 18.14% 20.75% 13.83% 15.65% 19.05% 15.71% 17.83% - 15.41% 14.47% 17.97% -
Earnings before Tax (EBT) 1 - - - - 224.9 173.4 185.2 245.2 204.5 188.8 - 161.8 215 271 264
Net income 1 204.1 108.6 117.5 181.3 187 175.4 154.4 207.2 186 159.5 - 136.9 183 229 235
Net margin - 11.23% - 15.25% 17.2% 13.88% 13.05% 16.05% 14.25% 14.95% - 13.03% 12.98% 15.83% -
EPS 2 0.2466 0.1300 0.1407 - - 0.2100 0.1833 0.2500 0.2200 0.1900 - 0.1614 0.2164 0.2708 0.2782
Dividend per Share 2 - - - - - 0.1500 - - - - - - 0.2600 - -
Announcement Date 26/08/21 24/03/22 26/04/22 24/08/22 26/10/22 29/03/23 25/04/23 23/08/23 26/10/23 11/04/24 11/04/24 25/04/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - - - 471 659 1,065 1,377 1,941
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - -61.8 -42.3 279 261 602 654
ROE (net income / shareholders' equity) 7.12% 10.2% 10.6% 14.4% 13.6% 14.1% 15.1% 15.1%
ROA (Net income/ Total Assets) - - 8.1% 10.9% - 10.7% 11.5% 12.3%
Assets 1 - - 5,369 6,091 - 8,010 9,020 9,323
Book Value Per Share 2 4.190 4.750 5.180 5.830 6.520 7.260 8.200 9.150
Cash Flow per Share 2 0.1200 0.3500 0.3700 0.5000 0.6700 0.9000 1.060 1.130
Capex 1 260 209 373 460 292 320 366 322
Capex / Sales 12.26% 7.93% 10.5% 10.16% 6.02% 5.48% 5.28% 4.2%
Announcement Date 27/02/20 25/03/21 24/03/22 29/03/23 11/04/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
15.22 CNY
Average target price
22.24 CNY
Spread / Average Target
+46.16%
Consensus
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