Financials China National Gold Group Gold Jewellery Co.,Ltd.

Equities

600916

CNE100004BQ1

Apparel & Accessories

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
10.61 CNY +1.05% Intraday chart for China National Gold Group Gold Jewellery Co.,Ltd. -2.57% +7.50%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025
Capitalization 1 23,066 21,235 17,825 17,825 -
Enterprise Value (EV) 1 23,066 21,235 16,582 17,825 17,825
P/E ratio 28.6 x 27.5 x 17 x 14.3 x 12.3 x
Yield - 2.37% 4.56% 3.86% 4.34%
Capitalization / Revenue 0.45 x 0.45 x 0.29 x 0.27 x 0.24 x
EV / Revenue 0.45 x 0.45 x 0.29 x 0.27 x 0.24 x
EV / EBITDA 23.3 x 17.4 x 13.5 x 10.3 x 8.95 x
EV / FCF - - - - -
FCF Yield - - - - -
Price to Book 3.52 x 3.07 x 2.25 x 2.24 x 2.07 x
Nbr of stocks (in thousands) 1,680,000 1,680,000 1,680,000 1,680,000 -
Reference price 2 13.73 12.64 10.61 10.61 10.61
Announcement Date 2/24/22 4/21/23 4/28/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net sales 1 33,788 50,758 47,124 56,364 66,496 75,070
EBITDA 1 598.2 990.1 1,221 1,224 1,733 1,992
EBIT 1 558.2 953.7 859.8 1,189 1,503 1,742
Operating Margin 1.65% 1.88% 1.82% 2.11% 2.26% 2.32%
Earnings before Tax (EBT) 1 629 1,001 946.5 1,203 1,550 1,792
Net income 1 500.2 794.4 765.3 973.5 1,246 1,443
Net margin 1.48% 1.57% 1.62% 1.73% 1.87% 1.92%
EPS 2 0.3300 0.4800 0.4600 0.5800 0.7400 0.8600
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 - - 0.3000 0.4500 0.4100 0.4600
Announcement Date 4/20/21 2/24/22 4/21/23 4/28/24 - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net Debt - - - - - -
Net Cash position - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 10.1% 12.9% 11.4% 13.6% 15.7% 16.8%
ROA (Net income/ Total Assets) - - 6.76% 8.05% 9.51% 10.4%
Assets 1 - - 11,325 12,404 13,100 13,849
Book Value Per Share 2 3.470 3.900 4.120 4.400 4.730 5.120
Cash Flow per Share 2 0.3700 0.4900 0.7100 0.9400 1.300 0.0600
Capex 1 - - 40.7 60.1 64.4 75.5
Capex / Sales - - 0.09% 0.11% 0.1% 0.1%
Announcement Date 4/20/21 2/24/22 4/21/23 4/28/24 - -
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
BUY
Number of Analysts
4
Last Close Price
10.61 CNY
Average target price
14.31 CNY
Spread / Average Target
+34.87%
Consensus

Annual profits - Rate of surprise

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