JIAMEI FOOD PACKAGING (CHUZHOU) CO.,LTD Financials Jiamei Food Packaging (Chuzhou) Co.,Ltd
Equities
002969
CNE100003Q73
Non-Paper Containers & Packaging
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.27 CNY | +0.62% |
|
-3.25% | -20.63% |
| Apr. 26 | Jiamei Food Packaging Co.,Ltd Announces Profit Distribution Proposal for 2023 | CI |
| Apr. 26 | Jiamei Food Packaging Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Capitalization 1 | 11,355 | 5,401 | 5,464 | 4,032 | 3,952 |
| Enterprise Value (EV) 1 | 11,378 | 5,478 | 5,253 | 4,237 | 4,456 |
| P/E ratio | 60 x | 158 x | 36.2 x | 237 x | 25.5 x |
| Yield | 0.16% | 0.18% | 0.19% | 0.26% | 0.73% |
| Capitalization / Revenue | 4.33 x | 2.71 x | 1.58 x | 1.35 x | 1.25 x |
| EV / Revenue | 4.34 x | 2.75 x | 1.52 x | 1.42 x | 1.41 x |
| EV / EBITDA | 28.5 x | 22.5 x | 13.5 x | 18.2 x | 10.1 x |
| EV / FCF | 61.7 x | -62.9 x | -117 x | -13.7 x | -14.9 x |
| FCF Yield | 1.62% | -1.59% | -0.85% | -7.31% | -6.71% |
| Price to Book | 5.46 x | 2.6 x | 2.32 x | 1.7 x | 1.57 x |
| Nbr of stocks (in thousands) | 952,631 | 952,631 | 960,334 | 962,208 | 959,127 |
| Reference price 2 | 11.92 | 5.670 | 5.690 | 4.190 | 4.120 |
| Announcement Date | 4/24/20 | 4/26/21 | 4/22/22 | 4/28/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 2,960 | 2,624 | 1,992 | 3,452 | 2,981 | 3,152 |
| EBITDA 1 | 447.6 | 399.2 | 243.6 | 387.8 | 233.3 | 442.9 |
| EBIT 1 | 277.6 | 245.6 | 86.28 | 227.8 | 67.95 | 253.6 |
| Operating Margin | 9.38% | 9.36% | 4.33% | 6.6% | 2.28% | 8.05% |
| Earnings before Tax (EBT) 1 | 221 | 217.3 | 48.18 | 190.6 | 27.29 | 215 |
| Net income 1 | 174.9 | 171.9 | 34.54 | 163.9 | 17.03 | 154.3 |
| Net margin | 5.91% | 6.55% | 1.73% | 4.75% | 0.57% | 4.9% |
| EPS 2 | 0.2014 | 0.1987 | 0.0360 | 0.1570 | 0.0177 | 0.1613 |
| Free Cash Flow 1 | 232.8 | 184.5 | -87.07 | -44.77 | -309.8 | -299 |
| FCF margin | 7.87% | 7.03% | -4.37% | -1.3% | -10.39% | -9.49% |
| FCF Conversion (EBITDA) | 52.02% | 46.22% | - | - | - | - |
| FCF Conversion (Net income) | 133.09% | 107.33% | - | - | - | - |
| Dividend per Share | - | 0.0190 | 0.0100 | 0.0110 | 0.0110 | 0.0300 |
| Announcement Date | 4/1/19 | 4/24/20 | 4/26/21 | 4/22/22 | 4/28/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 572 | 22.2 | 76.6 | - | 205 | 505 |
| Net Cash position 1 | - | - | - | 211 | - | - |
| Leverage (Debt/EBITDA) | 1.278 x | 0.0555 x | 0.3147 x | - | 0.8797 x | 1.14 x |
| Free Cash Flow 1 | 233 | 185 | -87.1 | -44.8 | -310 | -299 |
| ROE (net income / shareholders' equity) | 11.5% | 9.34% | 1.65% | 7.36% | 0.72% | 6.31% |
| ROA (Net income/ Total Assets) | 5.06% | 4.26% | 1.47% | 3.46% | 0.93% | 3.58% |
| Assets 1 | 3,458 | 4,037 | 2,355 | 4,739 | 1,836 | 4,309 |
| Book Value Per Share 2 | 1.870 | 2.180 | 2.180 | 2.450 | 2.470 | 2.620 |
| Cash Flow per Share 2 | 0.5100 | 0.7700 | 0.5400 | 0.8300 | 0.6100 | 0.2800 |
| Capex 1 | 203 | 170 | 122 | 325 | 504 | 305 |
| Capex / Sales | 6.84% | 6.48% | 6.14% | 9.43% | 16.91% | 9.67% |
| Announcement Date | 4/1/19 | 4/24/20 | 4/26/21 | 4/22/22 | 4/28/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -20.63% | 433M | |
| +28.75% | 4.11B | |
| +13.62% | 2.87B | |
| +2.99% | 2.36B | |
| +8.70% | 1.6B | |
| -17.76% | 1.45B | |
| +76.92% | 1.15B | |
| +1.04% | 968M | |
| +3.70% | 831M | |
| +9.46% | 765M |
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