Financials Zhejiang Jingu Company Limited

Equities

002488

CNE100000VN4

Auto, Truck & Motorcycle Parts

End-of-day quote Shenzhen S.E. 23:00:00 14/05/2024 BST 5-day change 1st Jan Change
5.22 CNY -1.69% Intraday chart for Zhejiang Jingu Company Limited -3.87% -27.30%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 6,704 6,932 6,065 8,420 5,793 6,870
Enterprise Value (EV) 1 6,752 8,095 7,607 9,873 7,580 9,113
P/E ratio 41.4 x 357 x -37.9 x 97.6 x 54.9 x 239 x
Yield 1.51% - - - - 0.17%
Capitalization / Revenue 2.45 x 3.27 x 2.31 x 3.09 x 1.92 x 2.05 x
EV / Revenue 2.47 x 3.82 x 2.9 x 3.62 x 2.51 x 2.71 x
EV / EBITDA 248 x 42.8 x 45.5 x 87.4 x -205 x 40.8 x
EV / FCF -27.9 x -11.1 x -26.7 x -572 x -23.8 x -15.6 x
FCF Yield -3.59% -9.02% -3.74% -0.17% -4.21% -6.41%
Price to Book 1.63 x 1.56 x 1.55 x 2.2 x 1.5 x 1.86 x
Nbr of stocks (in thousands) 1,011,204 972,197 999,148 959,030 959,030 956,792
Reference price 2 6.630 7.130 6.070 8.780 6.040 7.180
Announcement Date 26/04/19 29/04/20 28/04/21 28/04/22 03/04/23 28/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,736 2,119 2,621 2,728 3,019 3,357
EBITDA 1 27.22 189.2 167.3 113 -36.91 223.6
EBIT 1 -113.6 43.11 12.69 -49.78 -192.6 74.36
Operating Margin -4.15% 2.03% 0.48% -1.82% -6.38% 2.21%
Earnings before Tax (EBT) 1 249.2 21.97 -173 79.53 372.9 30.74
Net income 1 164.2 23.1 -163.2 67.55 110 32.05
Net margin 6% 1.09% -6.23% 2.48% 3.64% 0.95%
EPS 2 0.1600 0.0200 -0.1600 0.0900 0.1100 0.0300
Free Cash Flow 1 -242.3 -730.2 -284.6 -17.26 -318.9 -583.8
FCF margin -8.86% -34.46% -10.86% -0.63% -10.56% -17.39%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.1000 - - - - 0.0120
Announcement Date 26/04/19 29/04/20 28/04/21 28/04/22 03/04/23 28/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 47.3 1,163 1,542 1,452 1,787 2,243
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.737 x 6.148 x 9.219 x 12.86 x -48.42 x 10.03 x
Free Cash Flow 1 -242 -730 -285 -17.3 -319 -584
ROE (net income / shareholders' equity) 3.97% 0.5% -4.26% 1.78% 2.81% 0.78%
ROA (Net income/ Total Assets) -0.98% 0.39% 0.12% -0.48% -1.72% 0.61%
Assets 1 -16,728 5,995 -134,408 -14,076 -6,382 5,275
Book Value Per Share 2 4.070 4.560 3.930 3.990 4.020 3.870
Cash Flow per Share 2 2.210 0.8400 0.4100 0.5800 0.5900 0.6000
Capex 1 253 211 163 102 325 453
Capex / Sales 9.26% 9.96% 6.22% 3.74% 10.76% 13.48%
Announcement Date 26/04/19 29/04/20 28/04/21 28/04/22 03/04/23 28/04/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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