JIANGSU ZHANGJIAGANG RURAL COMMERCIAL BANK CO., LTD

Financials Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd

Equities

002839

CNE100002K54

Banks

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-04-29 pm EDT			5-day change	1st Jan Change
4.15 ^CNY	+0.24%		+1.72%	+6.96%

Apr. 30	Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Mar. 20	Lancang River Hydropower Names Chairman, Vice Chairmen	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	10,737	11,029	10,414	10,002	8,418	9,004	-
Enterprise Value (EV) ¹	10,737	11,029	10,414	10,002	8,418	9,004	9,004
P/E ratio	-	-	9.14 x	7.44 x	5.97 x	4.32 x	3.84 x
Yield	2.53%	2.62%	2.78%	4.34%	5.15%	6.02%	6.75%
Capitalization / Revenue	2.79 x	2.63 x	2.26 x	2.07 x	1.85 x	1.88 x	1.8 x
EV / Revenue	2.79 x	2.63 x	2.26 x	2.07 x	1.85 x	1.88 x	1.8 x
EV / EBITDA	-	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	1.01 x	0.98 x	0.72 x	0.64 x	0.56 x	0.56 x	0.5 x
Nbr of stocks (in thousands)	2,169,081	2,169,558	2,169,559	2,169,649	2,169,650	2,169,650	-
Reference price ²	4.950	5.083	4.800	4.610	3.880	4.150	4.150
Announcement Date	2/3/20	1/22/21	3/28/22	1/16/23	4/30/24	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	3,853	4,195	4,616	4,827	4,541	4,791	4,991
EBITDA	-	-	-	-	-	-	-
EBIT ¹	966.5	998.3	3,145	1,778	1,925	3,339	3,484
Operating Margin	25.09%	23.8%	68.14%	36.83%	42.38%	69.69%	69.81%
Earnings before Tax (EBT)	-	-	1,373	1,855	-	-	-
Net income ¹	-	-	1,304	1,682	1,787	2,077	2,351
Net margin	-	-	28.24%	34.84%	39.35%	43.35%	47.1%
EPS ²	-	-	0.5250	0.6200	0.6500	0.9600	1.080
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	0.1250	0.1333	0.1333	0.2000	0.2000	0.2500	0.2800
Announcement Date	2/3/20	1/22/21	3/28/22	1/16/23	4/30/24	-	-

¹CNY in Million²CNY

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	9.22%	9.15%	11.1%	12.2%	11.7%	11.7%	12.1%
ROA (Net income/ Total Assets)	0.8%	0.75%	0.85%	0.96%	-	0.94%	0.95%
Assets ¹	-	-	154,192	176,054	-	220,957	247,474
Book Value Per Share ²	4.920	5.160	6.650	7.170	6.930	7.440	8.270
Cash Flow per Share	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-
Announcement Date	2/3/20	1/22/21	3/28/22	1/16/23	4/30/24	-	-

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

Ratings for Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd

Trading Rating

Investor Rating

ESG Refinitiv

C-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

4.15 CNY

Average target price

5.36 CNY

Spread / Average Target

+29.16%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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