Financials Changjiang Pharmaceutical Group Co., Ltd.

Equities

300391

CNE100001XN8

Pharmaceuticals

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
3.97 CNY -4.57% Intraday chart for Changjiang Pharmaceutical Group Co., Ltd. +3.93% -48.71%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 2,602 2,270 2,547 4,299 5,325 3,416
Enterprise Value (EV) 1 2,653 2,187 2,372 5,151 6,168 4,418
P/E ratio 35.4 x 22 x -3.81 x 170 x 108 x -147 x
Yield 0.15% 0.51% - - - -
Capitalization / Revenue 3.5 x 2.58 x 3.51 x 3.54 x 2.25 x 2.11 x
EV / Revenue 3.57 x 2.48 x 3.27 x 4.24 x 2.61 x 2.73 x
EV / EBITDA 23.2 x 13.9 x -58.2 x 43.2 x 21.6 x 24.7 x
EV / FCF 9.9 x -8.02 x 16.9 x 21.2 x -15 x -14.4 x
FCF Yield 10.1% -12.5% 5.91% 4.72% -6.67% -6.92%
Price to Book 2.78 x 1.58 x 3.36 x 5.53 x 6.44 x 4.27 x
Nbr of stocks (in thousands) 297,308 350,336 350,336 350,336 350,336 350,336
Reference price 2 8.753 6.480 7.270 12.27 15.20 9.750
Announcement Date 4/22/18 3/29/19 4/27/20 4/27/21 4/27/22 4/27/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 744.2 881 725.3 1,215 2,362 1,615
EBITDA 1 114.3 156.8 -40.72 119.4 285.2 178.9
EBIT 1 77.98 116.1 -81.4 78.76 228.6 75.5
Operating Margin 10.48% 13.17% -11.22% 6.49% 9.68% 4.67%
Earnings before Tax (EBT) 1 69.49 116.5 -680.2 58.41 158.3 71.83
Net income 1 69.72 102 -669.7 25.32 49.1 -23.27
Net margin 9.37% 11.58% -92.33% 2.08% 2.08% -1.44%
EPS 2 0.2476 0.2949 -1.910 0.0723 0.1402 -0.0664
Free Cash Flow 1 268 -272.6 140.2 243.3 -411.3 -305.8
FCF margin 36.02% -30.94% 19.32% 20.04% -17.41% -18.93%
FCF Conversion (EBITDA) 234.6% - - 203.87% - -
FCF Conversion (Net income) 384.48% - - 961.02% - -
Dividend per Share 2 0.0133 0.0333 - - - -
Announcement Date 4/22/18 3/29/19 4/27/20 4/27/21 4/27/22 4/27/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 51.1 - - 852 843 1,002
Net Cash position 1 - 83.1 175 - - -
Leverage (Debt/EBITDA) 0.4469 x - - 7.141 x 2.957 x 5.601 x
Free Cash Flow 1 268 -273 140 243 -411 -306
ROE (net income / shareholders' equity) 10.4% 8.42% -61.6% 6.02% 10.4% 2.72%
ROA (Net income/ Total Assets) 3.59% 3.58% -2.82% 1.59% 3.21% 1.21%
Assets 1 1,943 2,850 23,742 1,596 1,529 -1,922
Book Value Per Share 2 3.140 4.100 2.160 2.220 2.360 2.290
Cash Flow per Share 2 0.8600 1.020 1.170 0.4000 0.3100 0.0500
Capex 1 4.05 8.84 5.24 18.8 142 51.5
Capex / Sales 0.54% 1% 0.72% 1.55% 6.02% 3.19%
Announcement Date 4/22/18 3/29/19 4/27/20 4/27/21 4/27/22 4/27/23
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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