CHANGJIANG & JINGGONG STEEL BUILDING (GROUP) CO., LTD Financials Changjiang & Jinggong Steel Building (Group) Co., Ltd
Equities
600496
CNE000001BH7
Iron & Steel
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.85 CNY | +1.79% |
|
+1.79% | -6.56% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 5,232 | 9,018 | 8,575 | 7,951 | 6,070 | 5,672 | - | - |
| Enterprise Value (EV) 1 | 5,232 | 7,666 | 8,000 | 7,468 | 5,213 | 5,894 | 5,812 | 5,652 |
| P/E ratio | 13 x | 13 x | 12.5 x | 12 x | 12.3 x | 8.37 x | 7.53 x | 7.77 x |
| Yield | 0.8% | 0.67% | 0.85% | 0.91% | 1.97% | 1.86% | 2.14% | 2.17% |
| Capitalization / Revenue | 0.51 x | 0.79 x | 0.57 x | 0.51 x | 0.37 x | 0.32 x | 0.3 x | 0.28 x |
| EV / Revenue | 0.51 x | 0.67 x | 0.53 x | 0.48 x | 0.32 x | 0.34 x | 0.31 x | 0.28 x |
| EV / EBITDA | 10.2 x | 9.82 x | 9.8 x | 8.61 x | 6.99 x | 6.27 x | 5.76 x | 5.32 x |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 0.99 x | 1.32 x | 1.14 x | 1.02 x | 0.74 x | 0.63 x | 0.6 x | 0.55 x |
| Nbr of stocks (in thousands) | 1,810,445 | 2,012,874 | 2,012,874 | 2,012,874 | 1,990,118 | 1,990,118 | - | - |
| Reference price 2 | 2.890 | 4.480 | 4.260 | 3.950 | 3.050 | 2.850 | 2.850 | 2.850 |
| Announcement Date | 4/17/20 | 3/5/21 | 3/10/22 | 4/17/23 | 4/17/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 10,235 | 11,484 | 15,141 | 15,618 | 16,506 | 17,539 | 19,032 | 20,470 |
| EBITDA 1 | 511.8 | 780.9 | 816 | 867.7 | 745.8 | 939.9 | 1,009 | 1,063 |
| EBIT 1 | 398.9 | 665.4 | 703.6 | 732.2 | 592.2 | 707.8 | 779.3 | 824.2 |
| Operating Margin | 3.9% | 5.79% | 4.65% | 4.69% | 3.59% | 4.04% | 4.09% | 4.03% |
| Earnings before Tax (EBT) 1 | 407.9 | 676.7 | 720.7 | 740.6 | 595 | 666.4 | 762.1 | 806.1 |
| Net income 1 | 403.3 | 648.1 | 686.8 | 706.1 | 548.4 | 683.3 | 770.7 | 754.4 |
| Net margin | 3.94% | 5.64% | 4.54% | 4.52% | 3.32% | 3.9% | 4.05% | 3.69% |
| EPS 2 | 0.2228 | 0.3451 | 0.3412 | 0.3294 | 0.2481 | 0.3406 | 0.3787 | 0.3670 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.0230 | 0.0300 | 0.0360 | 0.0360 | 0.0600 | 0.0532 | 0.0611 | 0.0620 |
| Announcement Date | 4/17/20 | 3/5/21 | 3/10/22 | 4/17/23 | 4/17/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,959 | 4,746 | 3,712 | 3,570 | 3,776 | 4,560 | 3,721 | 4,003 | 3,830 | 4,953 | 3,414 | 5,322 | 4,419 | 4,592 | 2,921 |
| EBITDA 1 | 272 | 124.6 | 231.9 | 256.8 | 307.7 | - | - | - | - | - | 149.4 | 294.9 | 222.2 | 222.2 | 160.4 |
| EBIT 1 | 242.3 | 122.2 | 192.2 | 218 | 268.5 | 53.63 | 194.1 | 226.3 | 164.6 | 7.169 | 116.8 | 232.7 | 191.9 | 187.6 | 119 |
| Operating Margin | 6.12% | 2.57% | 5.18% | 6.11% | 7.11% | 1.18% | 5.22% | 5.65% | 4.3% | 0.14% | 3.42% | 4.37% | 4.34% | 4.08% | 4.07% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | - | - | - | 202.3 | 272.7 | 52.08 | 180.3 | 210.7 | 144.7 | 12.68 | 97.49 | 250.3 | 178.8 | 178.8 | 115 |
| Net margin | - | - | - | 5.67% | 7.22% | 1.14% | 4.85% | 5.26% | 3.78% | 0.26% | 2.86% | 4.7% | 4.05% | 3.89% | 3.94% |
| EPS 2 | 0.1200 | 0.0600 | 0.0889 | 0.0900 | 0.1300 | 0.0200 | 0.0816 | 0.1000 | 0.0600 | 0.0100 | 0.0480 | 0.1072 | 0.0830 | 0.0830 | 0.0632 |
| Dividend per Share 2 | - | 0.0360 | - | - | - | 0.0360 | - | - | - | - | - | - | - | 0.0394 | - |
| Announcement Date | 10/28/21 | 3/10/22 | 4/29/22 | 8/25/22 | 10/27/22 | 4/17/23 | 4/27/23 | 8/25/23 | 10/27/23 | 4/17/24 | 4/26/24 | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | 222 | 140 | - |
| Net Cash position 1 | - | 1,351 | 575 | 483 | 857 | - | - | 19.6 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | 0.2362 x | 0.1389 x | - |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 7.92% | 11% | 9.56% | 9.03% | 6.64% | 7.76% | 8.09% | 7.19% |
| ROA (Net income/ Total Assets) | 2.98% | 4.38% | 4.06% | 3.51% | - | 2.6% | 2.8% | - |
| Assets 1 | 13,539 | 14,787 | 16,916 | 20,133 | - | 26,281 | 27,524 | - |
| Book Value Per Share 2 | 2.910 | 3.390 | 3.740 | 3.880 | 4.150 | 4.520 | 4.750 | 5.200 |
| Cash Flow per Share 2 | 0.3000 | 0.2100 | -0.1200 | -0.0800 | 0.2300 | 0.2000 | 0.2700 | 0.5400 |
| Capex 1 | 81.3 | 59.2 | 197 | 548 | 251 | 203 | 202 | 149 |
| Capex / Sales | 0.79% | 0.52% | 1.3% | 3.51% | 1.52% | 1.16% | 1.06% | 0.73% |
| Announcement Date | 4/17/20 | 3/5/21 | 3/10/22 | 4/17/23 | 4/17/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
2.85
CNY
Average target price
3.248
CNY
Spread / Average Target
+13.95%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -6.56% | 783M | |
| +0.79% | 42.1B | |
| +18.89% | 24.83B | |
| -21.02% | 21.75B | |
| +13.50% | 21.17B | |
| -7.50% | 20.77B | |
| +6.81% | 9.44B | |
| -12.44% | 8.5B | |
| -23.08% | 8.41B | |
| +36.31% | 8.35B |
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- Financials Changjiang & Jinggong Steel Building (Group) Co., Ltd
