Financials Sinotruk Jinan Truck Co.,Ltd

Equities

000951

CNE0000010Y1

Heavy Machinery & Vehicles

End-of-day quote Shenzhen S.E. 23:00:00 29/04/2024 BST 5-day change 1st Jan Change
16.35 CNY -3.43% Intraday chart for Sinotruk Jinan Truck Co.,Ltd -4.11% +22.38%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 15,099 21,112 19,844 17,360 15,618 19,113 - -
Enterprise Value (EV) 1 15,099 19,807 12,624 4,706 1,762 8,774 7,678 5,967
P/E ratio 12.4 x 11.2 x 18.8 x 82.4 x 14.5 x 13.4 x 10.9 x 9.17 x
Yield 2.44% 2.16% 1.78% 0.55% 3.46% 4.04% 4.59% 4.76%
Capitalization / Revenue 0.38 x 0.35 x 0.35 x 0.6 x 0.37 x 0.38 x 0.32 x 0.28 x
EV / Revenue 0.38 x 0.33 x 0.23 x 0.16 x 0.04 x 0.18 x 0.13 x 0.09 x
EV / EBITDA 6.66 x 5.97 x 5.55 x 5.23 x 0.8 x 3.76 x 2.47 x 1.63 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 2.16 x 2.52 x 1.43 x 1.27 x 1.07 x 1.22 x 1.15 x 1.06 x
Nbr of stocks (in thousands) 939,513 939,513 1,174,869 1,169,803 1,168,995 1,168,995 - -
Reference price 2 16.07 22.47 16.89 14.84 13.36 16.35 16.35 16.35
Announcement Date 31/03/20 31/03/21 31/03/22 30/03/23 25/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 39,843 59,938 56,099 28,822 42,070 50,021 59,107 67,162
EBITDA 1 2,268 3,317 2,273 899.6 2,190 2,333 3,112 3,658
EBIT 1 2,032 3,104 2,039 577.8 1,774 2,454 3,116 3,583
Operating Margin 5.1% 5.18% 3.63% 2% 4.22% 4.91% 5.27% 5.34%
Earnings before Tax (EBT) 1 2,066 3,189 2,087 586.5 1,812 2,480 3,154 3,627
Net income 1 1,223 1,880 1,038 213.7 1,080 1,431 1,758 2,095
Net margin 3.07% 3.14% 1.85% 0.74% 2.57% 2.86% 2.98% 3.12%
EPS 2 1.300 2.000 0.9000 0.1800 0.9200 1.217 1.497 1.783
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.3929 0.4857 0.3000 0.0820 0.4620 0.6600 0.7507 0.7784
Announcement Date 31/03/20 31/03/21 31/03/22 30/03/23 25/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 7,162 7,497 7,835 7,124 6,367 9,214 10,577 11,306 11,427 16,253 - 15,105 - -
EBITDA 1 - 269.8 389.7 306.5 - - - - - 745 908.8 722.4 - -
EBIT 1 -144.5 233.7 361.7 189.6 -207.2 420.3 260.1 602.8 467 640.9 - 618.3 - -
Operating Margin -2.02% 3.12% 4.62% 2.66% -3.25% 4.56% 2.46% 5.33% 4.09% 3.94% - 4.09% - -
Earnings before Tax (EBT) 1 -135.9 238.8 368.2 190.7 -211.2 421 265.7 637.8 480.8 691.6 813.3 678.2 - -
Net income 1 -112.8 124.1 196.4 36.5 -143.3 224 159.4 424.9 274 346.2 - 416.3 - -
Net margin -1.57% 1.65% 2.51% 0.51% -2.25% 2.43% 1.51% 3.76% 2.4% 2.13% - 2.76% - -
EPS 2 -0.1000 0.1100 0.1600 0.0300 -0.1200 0.1900 0.1400 0.3600 0.2300 0.2947 0.3377 0.3544 - -
Dividend per Share 2 0.3000 - - - 0.0820 - - - - - - 0.6140 - -
Announcement Date 31/03/22 22/04/22 30/08/22 30/10/22 30/03/23 28/04/23 30/10/23 25/03/24 29/04/24 - - - - -
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 - 1,305 7,220 12,654 13,855 10,340 11,435 13,146
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 17.8% 24.7% 9.31% 1.55% 7.59% 9.3% 10.7% 11.8%
ROA (Net income/ Total Assets) 5.31% 6.15% 2.86% 0.61% - 3.6% 3.78% 4%
Assets 1 23,030 30,561 36,297 34,927 - 39,715 46,519 52,369
Book Value Per Share 2 7.440 8.930 11.80 11.70 12.50 13.40 14.20 15.40
Cash Flow per Share 2 2.770 4.420 1.790 5.980 1.800 2.590 2.630 3.790
Capex 1 150 851 462 448 496 1,054 806 430
Capex / Sales 0.38% 1.42% 0.82% 1.56% 1.18% 2.11% 1.36% 0.64%
Announcement Date 31/03/20 31/03/21 31/03/22 30/03/23 25/03/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
16.35 CNY
Average target price
20.42 CNY
Spread / Average Target
+24.89%
Consensus
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