Financials Zhejiang Jiaxin Silk Corp.,Ltd.

Equities

002404

CNE100000P44

Apparel & Accessories

End-of-day quote Shenzhen S.E. 23:00:00 15/05/2024 BST 5-day change 1st Jan Change
6.43 CNY -2.28% Intraday chart for Zhejiang Jiaxin Silk Corp.,Ltd. +5.58% +6.46%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,091 3,617 4,664 3,231 3,574 3,443
Enterprise Value (EV) 1 3,104 3,599 4,403 3,725 3,291 3,353
P/E ratio 21.4 x 23.5 x 24.1 x 25 x 15.5 x 15.9 x
Yield 3.74% 3.15% 2.44% 3.47% 3.92% 4.97%
Capitalization / Revenue 0.97 x 1.05 x 1.79 x 0.87 x 0.83 x 0.8 x
EV / Revenue 0.98 x 1.05 x 1.69 x 1.01 x 0.76 x 0.78 x
EV / EBITDA 16.8 x 16.7 x 29.3 x 15.2 x 11.6 x 13.4 x
EV / FCF -30.1 x 16.2 x 23.4 x -6.42 x 4.04 x -17.3 x
FCF Yield -3.32% 6.16% 4.28% -15.6% 24.7% -5.78%
Price to Book 1.76 x 2.04 x 2.53 x 1.78 x 1.85 x 1.68 x
Nbr of stocks (in thousands) 577,674 570,547 568,720 561,014 561,014 569,968
Reference price 2 5.350 6.340 8.200 5.760 6.370 6.040
Announcement Date 19/03/19 14/04/20 30/03/21 30/03/22 29/03/23 09/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,181 3,438 2,603 3,697 4,328 4,299
EBITDA 1 184.4 215.9 150.5 244.4 283.7 249.5
EBIT 1 132.2 161.2 97.14 189.7 226 194.5
Operating Margin 4.15% 4.69% 3.73% 5.13% 5.22% 4.53%
Earnings before Tax (EBT) 1 193.4 207.2 216.3 172.9 315.6 281.1
Net income 1 143.5 158 194.8 130.7 230.4 216.9
Net margin 4.51% 4.59% 7.48% 3.54% 5.32% 5.04%
EPS 2 0.2500 0.2700 0.3400 0.2300 0.4100 0.3800
Free Cash Flow 1 -103.2 221.6 188.5 -580.1 813.7 -193.8
FCF margin -3.24% 6.44% 7.24% -15.69% 18.8% -4.51%
FCF Conversion (EBITDA) - 102.62% 125.26% - 286.85% -
FCF Conversion (Net income) - 140.28% 96.76% - 353.22% -
Dividend per Share 2 0.2000 0.2000 0.2000 0.2000 0.2500 0.3000
Announcement Date 19/03/19 14/04/20 30/03/21 30/03/22 29/03/23 09/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 13.5 - - 493 - -
Net Cash position 1 - 18.1 261 - 282 89.7
Leverage (Debt/EBITDA) 0.0733 x - - 2.018 x - -
Free Cash Flow 1 -103 222 188 -580 814 -194
ROE (net income / shareholders' equity) 9.52% 9.26% 10.9% 7.66% 12.4% 11%
ROA (Net income/ Total Assets) 2.98% 3.32% 2.01% 3.48% 3.9% 3.47%
Assets 1 4,817 4,752 9,698 3,753 5,910 6,257
Book Value Per Share 2 3.040 3.110 3.240 3.230 3.450 3.600
Cash Flow per Share 2 1.000 0.9000 0.9500 0.9900 1.680 1.570
Capex 1 81 82.1 65 60.6 37.9 76.3
Capex / Sales 2.55% 2.39% 2.5% 1.64% 0.88% 1.78%
Announcement Date 19/03/19 14/04/20 30/03/21 30/03/22 29/03/23 09/04/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

  1. Stock Market
  2. Equities
  3. 002404 Stock
  4. Financials Zhejiang Jiaxin Silk Corp.,Ltd.