Financials Guangzhou Jiacheng International Logistics Co.,Ltd.

Equities

603535

CNE100002WF4

Air Freight & Logistics

End-of-day quote Shanghai S.E. 06:00:00 2024-06-20 pm EDT 5-day change 1st Jan Change
16.63 CNY +1.71% Intraday chart for Guangzhou Jiacheng International Logistics Co.,Ltd. -1.83% -7.61%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,772 2,725 6,431 4,872 4,168 4,198
Enterprise Value (EV) 1 2,044 2,126 5,951 4,587 3,886 4,988
P/E ratio 20.3 x 21.3 x 40 x 25.5 x 25.2 x 26.5 x
Yield 0.54% 0.55% 0.26% 0.38% 0.48% 0.56%
Capitalization / Revenue 2.48 x 2.28 x 5.59 x 3.84 x 3.26 x 3.43 x
EV / Revenue 1.83 x 1.78 x 5.17 x 3.61 x 3.04 x 4.07 x
EV / EBITDA 15 x 12.1 x 33.7 x 21.1 x 17.5 x 20.2 x
EV / FCF -23.3 x -14.1 x -30.6 x -19.9 x -67.8 x -5.15 x
FCF Yield -4.3% -7.11% -3.27% -5.02% -1.48% -19.4%
Price to Book 1.86 x 1.71 x 3.69 x 2.39 x 1.81 x 1.72 x
Nbr of stocks (in thousands) 218,080 218,080 218,080 233,248 233,248 233,248
Reference price 2 12.71 12.50 29.49 20.89 17.87 18.00
Announcement Date 4/11/19 4/1/20 3/23/21 3/9/22 3/30/23 4/19/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,116 1,194 1,151 1,269 1,278 1,225
EBITDA 1 136.4 176.3 176.4 217.5 221.8 247.1
EBIT 1 118 157.8 160.6 200.1 191.1 206.6
Operating Margin 10.58% 13.21% 13.95% 15.77% 14.96% 16.86%
Earnings before Tax (EBT) 1 157.7 141.4 193.9 214.3 198.4 190.4
Net income 1 137.5 127.9 161.6 182.4 171.1 164.3
Net margin 12.33% 10.71% 14.04% 14.37% 13.39% 13.41%
EPS 2 0.6276 0.5862 0.7379 0.8207 0.7100 0.6800
Free Cash Flow 1 -87.86 -151.2 -194.8 -230.3 -57.34 -968.5
FCF margin -7.88% -12.66% -16.92% -18.15% -4.49% -79.03%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.0690 0.0690 0.0759 0.0793 0.0850 0.1000
Announcement Date 4/11/19 4/1/20 3/23/21 3/9/22 3/30/23 4/19/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 Q4 2022 Q1 2022 Q2 2022 S1
Net sales - - - - -
EBITDA - - - - -
EBIT - - - - -
Operating Margin - - - - -
Earnings before Tax (EBT) - - - - -
Net income 1 100.6 22.37 41.55 63.8 105.4
Net margin - - - - -
EPS - - - - -
Dividend per Share - - - - -
Announcement Date 8/27/21 3/8/22 4/27/22 8/30/22 8/30/22
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - 789
Net Cash position 1 728 599 480 286 282 -
Leverage (Debt/EBITDA) - - - - - 3.194 x
Free Cash Flow 1 -87.9 -151 -195 -230 -57.3 -968
ROE (net income / shareholders' equity) 9.52% 8.28% 9.68% 9.64% 7.88% 6.9%
ROA (Net income/ Total Assets) 4.11% 4.98% 4.51% 4.8% 3.59% 3.15%
Assets 1 3,348 2,568 3,584 3,801 4,767 5,213
Book Value Per Share 2 6.820 7.320 7.990 8.730 9.860 10.50
Cash Flow per Share 2 0.9400 1.870 2.360 1.020 3.880 1.310
Capex 1 142 289 232 308 306 1,195
Capex / Sales 12.76% 24.17% 20.15% 24.29% 23.98% 97.5%
Announcement Date 4/11/19 4/1/20 3/23/21 3/9/22 3/30/23 4/19/24
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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