Financials Everbright Jiabao Co., Ltd.

Equities

600622

CNE0000006F8

Real Estate Development & Operations

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
2.19 CNY +3.79% Intraday chart for Everbright Jiabao Co., Ltd. +3.79% -15.12%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 15,946 6,541 5,849 5,069 4,379 4,904
Enterprise Value (EV) 1 14,067 9,347 11,981 15,275 13,261 14,257
P/E ratio 29.5 x 7.46 x 13 x 12.1 x 12.2 x 81.8 x
Yield 1.17% 2.82% 1.54% - 2.53% -
Capitalization / Revenue 5.17 x 1.37 x 1.21 x 1.29 x 1.07 x 0.88 x
EV / Revenue 4.56 x 1.96 x 2.49 x 3.88 x 3.24 x 2.56 x
EV / EBITDA 16.1 x 5.67 x 9.56 x 12.4 x 14.8 x 10.1 x
EV / FCF 7,467 x 98.5 x -38.7 x -14.3 x 3.25 x 185 x
FCF Yield 0.01% 1.02% -2.58% -6.99% 30.7% 0.54%
Price to Book 2.93 x 1.07 x 0.92 x 0.76 x 0.62 x 0.7 x
Nbr of stocks (in thousands) 1,499,687 1,499,687 1,499,685 1,499,685 1,499,685 1,499,685
Reference price 2 10.63 4.362 3.900 3.380 2.920 3.270
Announcement Date 4/27/18 4/9/19 4/28/20 4/30/21 4/29/22 4/28/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 3,083 4,758 4,821 3,937 4,095 5,570
EBITDA 1 871.2 1,649 1,253 1,235 894.7 1,408
EBIT 1 838 1,572 1,126 1,046 885.6 1,079
Operating Margin 27.18% 33.04% 23.37% 26.55% 21.63% 19.38%
Earnings before Tax (EBT) 1 918.1 1,618 682.7 648.4 465.5 309.6
Net income 1 545.4 881.5 451.3 412.5 365.3 58
Net margin 17.69% 18.53% 9.36% 10.48% 8.92% 1.04%
EPS 2 0.3609 0.5846 0.3000 0.2800 0.2400 0.0400
Free Cash Flow 1 1.884 94.92 -309.3 -1,067 4,076 77.05
FCF margin 0.06% 1.99% -6.42% -27.11% 99.56% 1.38%
FCF Conversion (EBITDA) 0.22% 5.76% - - 455.63% 5.47%
FCF Conversion (Net income) 0.35% 10.77% - - 1,115.9% 132.84%
Dividend per Share 2 0.1243 0.1231 0.0600 - 0.0740 -
Announcement Date 4/27/18 4/9/19 4/28/20 4/30/21 4/29/22 4/28/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - 2,806 6,132 10,206 8,882 9,353
Net Cash position 1 1,879 - - - - -
Leverage (Debt/EBITDA) - 1.701 x 4.894 x 8.265 x 9.928 x 6.642 x
Free Cash Flow 1 1.88 94.9 -309 -1,067 4,076 77
ROE (net income / shareholders' equity) 11.4% 16.5% 4.98% 3.9% 2.3% 0.76%
ROA (Net income/ Total Assets) 3.77% 5.1% 2.63% 2.1% 1.6% 2.05%
Assets 1 14,477 17,295 17,152 19,660 22,854 2,823
Book Value Per Share 2 3.630 4.070 4.250 4.460 4.740 4.700
Cash Flow per Share 2 2.140 4.180 2.300 2.330 3.010 1.830
Capex 1 7.21 40.1 364 625 441 168
Capex / Sales 0.23% 0.84% 7.56% 15.86% 10.78% 3.02%
Announcement Date 4/27/18 4/9/19 4/28/20 4/30/21 4/29/22 4/28/23
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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