Financials Bank of Jiangsu Co., Ltd.

Equities

600919

CNE100002G76

Banks

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
7.67 CNY -9.12% Intraday chart for Bank of Jiangsu Co., Ltd. -6.12% +14.65%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 68,920 83,582 80,642 86,107 107,671 140,755 140,755 -
Enterprise Value (EV) 1 68,920 83,582 80,642 86,107 107,671 122,770 140,755 140,755
P/E ratio 5.74 x 6.96 x 5.25 x 5.55 x 5.36 x 4.4 x 4.01 x 3.51 x
Yield 5.7% 3.84% 5.79% 6.86% 7.07% 7.03% 6.65% 8.63%
Capitalization / Revenue 1.96 x 1.86 x 1.55 x 1.35 x 1.53 x 1.65 x 1.79 x 1.59 x
EV / Revenue 1.96 x 1.86 x 1.55 x 1.35 x 1.53 x 1.65 x 1.79 x 1.59 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.56 x 0.76 x 0.58 x 0.57 x 0.64 x 0.58 x 0.62 x 0.53 x
Nbr of stocks (in thousands) 11,544,450 11,544,480 14,769,607 14,769,626 14,769,652 18,351,324 18,351,324 -
Reference price 2 5.970 7.240 5.460 5.830 7.290 7.670 7.670 7.670
Announcement Date 1/17/19 1/17/20 1/18/21 1/11/22 2/1/23 4/25/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 35,224 44,974 52,026 63,771 70,570 74,293 78,515 88,272
EBITDA - - - - - - - -
EBIT 1 14,417 15,679 16,765 26,408 32,674 38,753 61,162 67,424
Operating Margin 40.93% 34.86% 32.22% 41.41% 46.3% 52.16% 77.9% 76.38%
Earnings before Tax (EBT) 1 14,267 15,615 16,748 26,476 32,629 38,694 42,449 49,549
Net income 1 13,065 14,619 15,066 19,694 25,386 28,750 33,599 38,233
Net margin 37.09% 32.51% 28.96% 30.88% 35.97% 38.7% 42.79% 43.31%
EPS 2 1.040 1.040 1.040 1.050 1.360 1.520 1.913 2.186
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.3400 0.2780 0.3160 0.4000 0.5156 0.4700 0.5100 0.6622
Announcement Date 1/17/19 1/17/20 1/18/21 1/11/22 2/1/23 4/25/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1 2022 S1 2023 Q1 2023 Q2 2023 S1
Net sales - 35,107 - - -
EBITDA - - - - -
EBIT - 17,208 - - -
Operating Margin - 49.02% - - -
Earnings before Tax (EBT) 1 - - - 11,680 22,434
Net income 1 6,584 13,380 8,219 8,801 17,020
Net margin - 38.11% - - -
EPS 0.3700 - 0.4200 - -
Dividend per Share - - - - -
Announcement Date 4/28/22 7/15/22 4/27/23 8/2/23 8/2/23
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 12.4% 12.7% 11.9% 12.6% 14.8% 14.5% 15.3% 15.7%
ROA (Net income/ Total Assets) 0.71% 0.73% 0.67% 0.79% 0.91% 0.99% 0.91% 1%
Assets 1 1,848,210 1,994,407 2,256,065 2,478,168 2,799,514 3,129,666 3,712,568 3,823,324
Book Value Per Share 2 10.60 9.530 9.350 10.30 11.40 11.50 12.40 14.40
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 1/17/19 1/17/20 1/18/21 1/11/22 2/1/23 4/25/24 - -
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

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
13
Last Close Price
7.67 CNY
Average target price
8.997 CNY
Spread / Average Target
+17.30%
Consensus

Annual profits - Rate of surprise

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