JA SOLAR TECHNOLOGY CO., LTD. Financials JA Solar Technology Co., Ltd.
Equities
002459
CNE100000SD1
Renewable Energy Equipment & Services
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 14.49 CNY | +3.21% |
|
-1.96% | -30.07% |
| Apr. 03 | China solar industry faces shakeout, but rock-bottom prices to persist | RE |
| Apr. 01 | Tranche Update on JA Solar Technology Co., Ltd.'s Equity Buyback Plan announced on October 31, 2023. | CI |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 64,962 | 148,239 | 141,536 | 48,067 | 48,067 | - |
| Enterprise Value (EV) 1 | 64,962 | 145,167 | 134,822 | 47,561 | 46,911 | 55,071 |
| P/E ratio | 37.7 x | 73 x | 25.2 x | 5.55 x | 5.45 x | 4.41 x |
| Yield | - | - | 0.4% | 1.8% | 1.5% | 2.16% |
| Capitalization / Revenue | 2.51 x | 3.59 x | 1.94 x | 0.57 x | 0.49 x | 0.4 x |
| EV / Revenue | 2.51 x | 3.51 x | 1.85 x | 0.56 x | 0.48 x | 0.46 x |
| EV / EBITDA | 17.2 x | 28.1 x | 14.6 x | 3.46 x | 3.05 x | 2.97 x |
| EV / FCF | - | -86.9 x | 311 x | -4.97 x | 14 x | 40.1 x |
| FCF Yield | - | -1.15% | 0.32% | -20.1% | 7.14% | 2.49% |
| Price to Book | 4.43 x | 8.99 x | - | 1.33 x | 1.13 x | 0.94 x |
| Nbr of stocks (in thousands) | 3,126,852 | 3,134,291 | 3,297,567 | 3,317,276 | 3,317,276 | - |
| Reference price 2 | 20.78 | 47.30 | 42.92 | 14.49 | 14.49 | 14.49 |
| Announcement Date | 3/29/21 | 4/14/22 | 3/22/23 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Net sales 1 | 25,847 | 41,302 | 72,989 | 84,977 | 98,117 | 120,189 |
| EBITDA 1 | 3,771 | 5,173 | 9,259 | 13,727 | 15,390 | 18,552 |
| EBIT 1 | 1,918 | 2,600 | 6,468 | 10,220 | 9,763 | 13,239 |
| Operating Margin | 7.42% | 6.3% | 8.86% | 12.03% | 9.95% | 11.01% |
| Earnings before Tax (EBT) 1 | 1,814 | 2,426 | 6,317 | 9,966 | 10,252 | 12,726 |
| Net income 1 | 1,507 | 2,039 | 5,533 | 8,637 | 8,431 | 10,876 |
| Net margin | 5.83% | 4.94% | 7.58% | 10.16% | 8.59% | 9.05% |
| EPS 2 | 0.5510 | 0.6480 | 1.700 | 2.612 | 2.658 | 3.285 |
| Free Cash Flow 1 | - | -1,671 | 433.6 | -9,563 | 3,347 | 1,372 |
| FCF margin | - | -4.05% | 0.59% | -11.25% | 3.41% | 1.14% |
| FCF Conversion (EBITDA) | - | - | 4.68% | - | 21.75% | 7.39% |
| FCF Conversion (Net income) | - | - | 7.84% | - | 39.7% | 12.61% |
| Dividend per Share 2 | - | - | 0.1714 | 0.2603 | 0.2167 | 0.3129 |
| Announcement Date | 3/29/21 | 4/14/22 | 3/22/23 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 S1 | 2022 Q3 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | - | - | - | 19,138 | 24,687 | 17,293 | 22,665 | 29,272 | 33,217 |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - |
| Net income | 1,702 | 1,587 | 2,582 | 2,231 | 1,951 | - | - | - | - | - |
| Net margin | - | - | - | - | 10.2% | - | - | - | - | - |
| EPS | 0.5286 | 0.4786 | - | 0.3700 | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/25/22 | 10/27/22 | 4/26/23 | 8/30/23 | 10/31/23 | - | - | - | - | - |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | 7,004 |
| Net Cash position 1 | - | 3,072 | 6,715 | 506 | 1,156 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | 0.3775 x |
| Free Cash Flow 1 | - | -1,671 | 434 | -9,563 | 3,347 | 1,372 |
| ROE (net income / shareholders' equity) | 13.3% | 13.1% | 24.2% | 25.3% | 21.3% | 21.2% |
| ROA (Net income/ Total Assets) | 4.58% | 4.33% | 8.56% | 10.3% | 9.37% | 9.76% |
| Assets 1 | 32,913 | 47,135 | 64,658 | 83,516 | 89,949 | 111,451 |
| Book Value Per Share 2 | 4.690 | 5.260 | - | 10.90 | 12.90 | 15.50 |
| Cash Flow per Share 2 | 0.8300 | 1.190 | 2.520 | 4.340 | 5.030 | 4.590 |
| Capex 1 | 3,100 | 5,421 | 7,753 | 17,655 | 11,668 | 11,006 |
| Capex / Sales | 11.99% | 13.13% | 10.62% | 20.78% | 11.89% | 9.16% |
| Announcement Date | 3/29/21 | 4/14/22 | 3/22/23 | - | - | - |
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
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
19
Last Close Price
14.49
CNY
Average target price
27.7
CNY
Spread / Average Target
+91.19%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -30.07% | 6.63B | |
| -18.69% | 19.47B | |
| +3.74% | 19.13B | |
| -15.29% | 15.23B | |
| -13.38% | 13.47B | |
| -13.32% | 10.6B | |
| +47.65% | 7.64B | |
| -16.81% | 7.26B | |
| +24.12% | 6.03B | |
| -6.60% | 5.98B |
- Stock Market
- Equities
- 002459 Stock
- Financials JA Solar Technology Co., Ltd.
