Financials Shanghai Jin Jiang International Hotels Co., Ltd. Shanghai S.E.

Equities

900934

CNE000000HM6

Hotels, Motels & Cruise Lines

End-of-day quote Shanghai S.E. 06:00:00 2024-05-30 pm EDT 5-day change 1st Jan Change
1.512 USD -0.66% Intraday chart for Shanghai Jin Jiang International Hotels Co., Ltd. +0.80% +20.10%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 25,078 43,320 55,505 55,491 28,723 27,365 - -
Enterprise Value (EV) 1 34,508 52,978 64,461 63,440 34,223 32,851 31,239 31,655
P/E ratio 25.2 x 448 x 607 x 550 x 31.9 x 20.2 x 16.3 x 15.2 x
Yield 2.09% 0.11% 0.09% 0.1% 1.67% 2.28% 2.7% 3.12%
Capitalization / Revenue 1.66 x 4.38 x 4.9 x 5.04 x 1.96 x 1.77 x 1.62 x 1.54 x
EV / Revenue 2.29 x 5.35 x 5.68 x 5.76 x 2.34 x 2.12 x 1.85 x 1.78 x
EV / EBITDA 11 x 33.5 x 37.9 x 42.7 x 12.2 x 8.27 x 7.51 x 6.64 x
EV / FCF 21.5 x - 42.1 x 36.1 x 7.71 x 10.6 x 8.95 x 6.7 x
FCF Yield 4.65% - 2.38% 2.77% 13% 9.43% 11.2% 14.9%
Price to Book 2.07 x 3.88 x 3.77 x 3.77 x 1.92 x 1.7 x 1.54 x 1.49 x
Nbr of stocks (in thousands) 957,936 957,936 1,070,044 1,070,044 1,070,044 1,070,044 - -
Reference price 2 28.71 51.53 58.60 58.35 29.90 28.07 28.07 28.07
Announcement Date 3/27/20 3/30/21 3/28/22 3/28/23 4/1/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 15,099 9,898 11,339 11,008 14,649 15,483 16,886 17,759
EBITDA 1 3,151 1,581 1,701 1,486 2,804 3,971 4,157 4,770
EBIT 1 1,763 277.7 577.4 461.7 1,801 2,407 2,906 3,208
Operating Margin 11.68% 2.81% 5.09% 4.19% 12.29% 15.55% 17.21% 18.07%
Earnings before Tax (EBT) 1 1,759 303.6 604.8 494.8 1,793 2,348 2,920 3,152
Net income 1 1,092 110.2 100.6 113.5 1,002 1,497 1,847 1,982
Net margin 7.24% 1.11% 0.89% 1.03% 6.84% 9.67% 10.94% 11.16%
EPS 2 1.140 0.1151 0.0966 0.1061 0.9362 1.389 1.719 1.852
Free Cash Flow 1 1,605 - 1,531 1,756 4,438 3,098 3,492 4,723
FCF margin 10.63% - 13.5% 15.95% 30.3% 20.01% 20.68% 26.59%
FCF Conversion (EBITDA) 50.93% - 90.02% 118.21% 158.3% 78.02% 83.99% 99.02%
FCF Conversion (Net income) 146.87% - 1,521.87% 1,547.41% 443.04% 206.99% 189.02% 238.33%
Dividend per Share 2 0.6000 0.0580 0.0530 0.0600 0.5000 0.6396 0.7572 0.8768
Announcement Date 3/27/20 3/30/21 3/28/22 3/28/23 4/1/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 2,990 2,322 2,721 3,052 2,913 2,922 3,884 4,156 3,687 3,206 4,078 4,457 3,954 3,440 4,356
EBITDA - - - - - - - - - - - - - - -
EBIT 1 169.9 -141.2 132.1 261.5 209.4 244 642.8 703.8 210.1 332 728.5 937.7 540 - -
Operating Margin 5.68% -6.08% 4.86% 8.57% 7.19% 8.35% 16.55% 16.93% 5.7% 10.35% 17.86% 21.04% 13.66% - -
Earnings before Tax (EBT) 172 -128.6 118.7 - - - - - - - - - - - -
Net income 3.852 -120 2.05 159.9 - - - - - - - - - - -
Net margin 0.13% -5.17% 0.08% 5.24% - - - - - - - - - - -
EPS 2 0.0100 -0.1122 0.002000 0.1500 0.0700 0.1217 0.3700 0.4200 0.0300 0.1775 0.3295 0.6079 0.2378 - -
Dividend per Share 0.0530 - - - - - - - - - - - - - -
Announcement Date 3/28/22 4/29/22 8/30/22 10/28/22 3/28/23 4/28/23 8/29/23 10/30/23 4/1/24 4/30/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 9,430 9,658 8,955 7,949 5,501 5,486 3,873 4,289
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.993 x 6.108 x 5.264 x 5.351 x 1.962 x 1.381 x 0.9317 x 0.8993 x
Free Cash Flow 1 1,605 - 1,531 1,756 4,438 3,099 3,492 4,723
ROE (net income / shareholders' equity) 8.35% 0.85% 0.69% 0.68% 5.84% 8.63% 9.66% 10.1%
ROA (Net income/ Total Assets) 2.77% 0.28% 0.23% 0.24% - 3.21% 3.74% 4.08%
Assets 1 39,497 38,807 43,446 48,008 - 46,644 49,427 48,513
Book Value Per Share 2 13.80 13.30 15.50 15.50 15.60 16.50 18.20 18.80
Cash Flow per Share 2 2.750 0.1600 1.990 2.090 4.820 2.300 3.430 3.290
Capex 1 1,033 688 538 482 724 741 904 920
Capex / Sales 6.84% 6.95% 4.74% 4.37% 4.94% 4.78% 5.35% 5.18%
Announcement Date 3/27/20 3/30/21 3/28/22 3/28/23 4/1/24 - - -
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

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
21
Last Close Price
28.07 CNY
Average target price
35.04 CNY
Spread / Average Target
+24.81%
Consensus
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