JNBY DESIGN LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 15.44 HKD | +1.31% |
|
-0.13% | +47.05% |
| Jun. 04 | JNBY Design Subsidiaries Renew Lease Deals | MT |
| Jun. 04 | JNBY Design’s Unit Renews Apparel Agreements with Company’s Affiliates | MT |
Valuation
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 6,302 | 3,513 | 5,858 | 3,814 | 3,936 | 7,283 | - | - |
| Enterprise Value (EV) 1 | 6,086 | 3,300 | 5,060 | 3,430 | 3,511 | 6,188 | 6,158 | 5,814 |
| P/E ratio | 13.4 x | 10.6 x | 8.9 x | 6.96 x | 6.44 x | 8.68 x | 7.7 x | 6.94 x |
| Yield | 3.42% | 7.06% | 5.32% | 12.5% | 11.5% | 10.2% | 9.54% | 10.5% |
| Capitalization / Revenue | 1.88 x | 1.13 x | 1.42 x | 0.93 x | 0.88 x | 1.39 x | 1.24 x | 1.13 x |
| EV / Revenue | 1.81 x | 1.06 x | 1.23 x | 0.84 x | 0.79 x | 1.18 x | 1.05 x | 0.9 x |
| EV / EBITDA | 8.78 x | 4.49 x | 4.45 x | 3.12 x | 2.76 x | 4.6 x | 4.2 x | 3.64 x |
| EV / FCF | 34.6 x | 5.98 x | 4.17 x | 4.77 x | 4.43 x | 6.42 x | 6.53 x | 5.14 x |
| FCF Yield | 2.89% | 16.7% | 24% | 20.9% | 22.6% | 15.6% | 15.3% | 19.4% |
| Price to Book | 4.63 x | 2.45 x | 3.36 x | 2.31 x | 1.99 x | 3.35 x | 3 x | 2.68 x |
| Nbr of stocks (in thousands) | 500,772 | 495,954 | 510,417 | 498,023 | 501,030 | 507,868 | - | - |
| Reference price 2 | 12.58 | 7.083 | 11.48 | 7.659 | 7.856 | 14.34 | 14.34 | 14.34 |
| Announcement Date | 8/27/19 | 8/26/20 | 8/31/21 | 8/30/22 | 9/7/23 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,358 | 3,099 | 4,126 | 4,086 | 4,465 | 5,256 | 5,878 | 6,445 |
| EBITDA 1 | 693.2 | 735.5 | 1,136 | 1,099 | 1,273 | 1,344 | 1,468 | 1,596 |
| EBIT 1 | 645 | 495.4 | 882.1 | 775.9 | 857.9 | 1,148 | 1,284 | 1,412 |
| Operating Margin | 19.21% | 15.98% | 21.38% | 18.99% | 19.21% | 21.85% | 21.84% | 21.91% |
| Earnings before Tax (EBT) 1 | 663.3 | 486.4 | 886.6 | 775.6 | 850.8 | 1,162 | 1,310 | 1,452 |
| Net income 1 | 484.8 | 346.7 | 647.2 | 558.9 | 621.3 | 841.6 | 949.3 | 1,055 |
| Net margin | 14.44% | 11.19% | 15.68% | 13.68% | 13.91% | 16.01% | 16.15% | 16.38% |
| EPS 2 | 0.9400 | 0.6700 | 1.290 | 1.100 | 1.220 | 1.651 | 1.862 | 2.067 |
| Free Cash Flow 1 | 176.1 | 551.6 | 1,212 | 718.4 | 792.5 | 964.5 | 942.4 | 1,130 |
| FCF margin | 5.24% | 17.8% | 29.38% | 17.58% | 17.75% | 18.35% | 16.03% | 17.54% |
| FCF Conversion (EBITDA) | 25.4% | 74.99% | 106.74% | 65.36% | 62.23% | 71.77% | 64.2% | 70.83% |
| FCF Conversion (Net income) | 36.32% | 159.09% | 187.34% | 128.55% | 127.55% | 114.61% | 99.27% | 107.1% |
| Dividend per Share 2 | 0.4300 | 0.5000 | 0.6100 | 0.9600 | 0.9000 | 1.460 | 1.368 | 1.504 |
| Announcement Date | 8/27/19 | 8/26/20 | 8/31/21 | 8/30/22 | 9/7/23 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: June | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,135 | 964 | 2,315 | 1,812 | - | 1,601 | - | 2,105 | 2,976 | 2,328 |
| EBITDA | - | -74.3 | - | - | - | - | - | - | - | - |
| EBIT 1 | - | -103.9 | 641.9 | 240.1 | 613.8 | 162.1 | 517.3 | 340.6 | 803.1 | 339.5 |
| Operating Margin | - | -10.78% | 27.73% | 13.26% | - | 10.12% | - | 16.18% | 26.99% | 14.58% |
| Earnings before Tax (EBT) 1 | - | -113 | 642.6 | 244 | 614.6 | 161 | - | 336.3 | 807.8 | 340 |
| Net income 1 | - | -83.18 | 463.5 | 183.7 | - | 115 | - | 249.6 | 574.1 | 264 |
| Net margin | - | -8.63% | 20.03% | 10.14% | - | 7.18% | - | 11.86% | 19.29% | 11.34% |
| EPS | 0.8400 | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/25/20 | 8/26/20 | 2/25/21 | 8/31/21 | 2/28/22 | 8/30/22 | - | 9/7/23 | 2/27/24 | - |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 216 | 213 | 797 | 384 | 426 | 1,095 | 1,125 | 1,469 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 176 | 552 | 1,212 | 718 | 792 | 965 | 942 | 1,130 |
| ROE (net income / shareholders' equity) | 35.9% | 23.9% | 40.4% | 32.9% | 33.9% | 39.4% | 40.1% | 40.1% |
| ROA (Net income/ Total Assets) | 22% | 13.5% | 19.5% | 14.5% | 15.6% | 18.9% | 19.4% | 19.1% |
| Assets 1 | 2,203 | 2,560 | 3,326 | 3,859 | 3,983 | 4,457 | 4,905 | 5,527 |
| Book Value Per Share 2 | 2.720 | 2.890 | 3.420 | 3.320 | 3.960 | 4.280 | 4.780 | 5.360 |
| Cash Flow per Share 2 | 0.6500 | 1.300 | 2.660 | 1.680 | 1.850 | 2.380 | 2.260 | 2.500 |
| Capex 1 | 160 | 117 | 124 | 140 | 147 | 138 | 146 | 145 |
| Capex / Sales | 4.75% | 3.78% | 3.01% | 3.43% | 3.28% | 2.62% | 2.48% | 2.24% |
| Announcement Date | 8/27/19 | 8/26/20 | 8/31/21 | 8/30/22 | 9/7/23 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
14.34
CNY
Average target price
16.65
CNY
Spread / Average Target
+16.09%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +47.05% | 991M | |
| -19.81% | 937M | |
| -7.68% | 451M | |
| +47.48% | 419M | |
| -18.60% | 382M | |
| -2.53% | 330M | |
| -44.19% | 254M | |
| -44.82% | 249M | |
| +4.22% | 105M | |
| -1.24% | 61.96M |
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- Financials JNBY Design Limited
