Financials JCET Group Co., Ltd.

Equities

600584

CNE000001F05

Semiconductors

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
25.17 CNY +3.54% Intraday chart for JCET Group Co., Ltd. +2.57% -15.71%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 35,231 68,234 55,202 41,019 53,420 45,030 - -
Enterprise Value (EV) 1 45,171 77,396 59,437 45,550 55,058 46,629 43,704 44,317
P/E ratio 366 x 52.6 x 18 x 12.7 x 36.4 x 24 x 14.6 x 14.1 x
Yield - 0.12% 0.64% 0.87% 0.33% 0.87% 0.89% 2.38%
Capitalization / Revenue 1.5 x 2.58 x 1.81 x 1.21 x 1.8 x 1.36 x 1.2 x 1.09 x
EV / Revenue 1.92 x 2.92 x 1.95 x 1.35 x 1.86 x 1.41 x 1.17 x 1.07 x
EV / EBITDA 14 x 16.1 x 8.85 x 6.59 x 11.1 x 8.16 x 5.84 x 5.85 x
EV / FCF 102 x 32 x 17.8 x 20.8 x 40.2 x 31.2 x 16.7 x 10.3 x
FCF Yield 0.98% 3.13% 5.62% 4.82% 2.49% 3.2% 5.99% 9.73%
Price to Book 2.79 x 5.09 x 2.63 x 1.66 x 2.05 x 1.63 x 1.45 x 1.39 x
Nbr of stocks (in thousands) 1,602,875 1,602,875 1,779,553 1,779,553 1,789,000 1,789,036 - -
Reference price 2 21.98 42.57 31.02 23.05 29.86 25.17 25.17 25.17
Announcement Date 4/29/20 4/28/21 3/30/22 3/30/23 4/18/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 23,526 26,464 30,502 33,762 29,661 33,009 37,437 41,336
EBITDA 1 3,218 4,799 6,716 6,909 4,971 5,713 7,486 7,573
EBIT 1 125 1,446 3,170 3,246 1,520 1,911 3,172 3,258
Operating Margin 0.53% 5.46% 10.39% 9.61% 5.12% 5.79% 8.47% 7.88%
Earnings before Tax (EBT) 1 80.37 1,431 3,170 3,291 1,522 1,953 3,279 3,357
Net income 1 88.66 1,304 2,958 3,231 1,471 1,872 3,053 3,183
Net margin 0.38% 4.93% 9.7% 9.57% 4.96% 5.67% 8.15% 7.7%
EPS 2 0.0600 0.8100 1.720 1.810 0.8200 1.048 1.725 1.783
Free Cash Flow 1 440.7 2,422 3,341 2,195 1,371 1,494 2,620 4,313
FCF margin 1.87% 9.15% 10.95% 6.5% 4.62% 4.53% 7% 10.43%
FCF Conversion (EBITDA) 13.69% 50.46% 49.74% 31.77% 27.57% 26.16% 34.99% 56.95%
FCF Conversion (Net income) 497.09% 185.72% 112.95% 67.94% 93.21% 79.84% 85.81% 135.48%
Dividend per Share 2 - 0.0500 0.2000 0.2000 0.1000 0.2186 0.2239 0.5987
Announcement Date 4/29/20 4/28/21 3/30/22 3/30/23 4/18/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 11,976 8,585 16,683 8,138 7,455 9,184 8,984 5,860 6,313 8,257 9,231 17,488 6,842 7,163 9,004 9,470 7,511 8,139
EBITDA 1 - 1,796 - 1,765 1,532 1,808 - - - - - - - 1,222 1,373 1,453 588.7 1,422
EBIT 1 - 826 - 951 713 901.7 679.6 144 403 551 421.8 - 170.9 385.8 591.9 684.3 -287.9 581.9
Operating Margin - 9.62% - 11.69% 9.56% 9.82% 7.56% 2.46% 6.38% 6.67% 4.57% - 2.5% 5.39% 6.57% 7.23% -3.83% 7.15%
Earnings before Tax (EBT) 1 - 831 - 956 713 941.6 680.8 141 405 550 426.6 - 171.4 401.9 608 638.6 -239.3 603.1
Net income 1 366 843 - 861 682 908.9 778.6 110 386 478 497 - 135.2 383.8 582.9 618.5 -262.3 573.1
Net margin 3.06% 9.82% - 10.58% 9.15% 9.9% 8.67% 1.88% 6.11% 5.79% 5.38% - 1.98% 5.36% 6.47% 6.53% -3.49% 7.04%
EPS 2 - 0.4900 - 0.4800 0.3900 0.5100 0.4300 0.0600 0.2200 0.2600 0.2800 - 0.0800 0.2150 0.3253 0.3436 -0.1466 0.3196
Dividend per Share 2 - 0.2000 - - - - 0.2000 - - - - - - 0.1184 - - - 0.2096
Announcement Date 8/20/20 3/30/22 3/30/22 4/29/22 8/18/22 10/27/22 3/30/23 4/25/23 8/25/23 10/27/23 4/18/24 4/18/24 4/24/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 9,940 9,161 4,235 4,532 1,639 1,599 - -
Net Cash position 1 - - - - - - 1,326 713
Leverage (Debt/EBITDA) 3.088 x 1.909 x 0.6306 x 0.6559 x 0.3297 x 0.28 x - -
Free Cash Flow 1 441 2,422 3,341 2,195 1,371 1,494 2,620 4,313
ROE (net income / shareholders' equity) 0.71% 10% 16.4% 14.2% 5.81% 6.79% 10.3% 9.96%
ROA (Net income/ Total Assets) 0.26% 3.96% 8.52% 8.45% - 6.27% 7.06% 6.3%
Assets 1 33,971 32,946 34,713 38,255 - 29,851 43,231 50,531
Book Value Per Share 2 7.880 8.360 11.80 13.80 14.60 15.40 17.40 18.10
Cash Flow per Share 2 1.980 3.390 4.320 3.380 2.480 2.990 4.290 4.170
Capex 1 2,736 3,013 4,088 3,817 3,066 4,119 4,678 3,876
Capex / Sales 11.63% 11.39% 13.4% 11.31% 10.34% 12.48% 12.49% 9.38%
Announcement Date 4/29/20 4/28/21 3/30/22 3/30/23 4/18/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
20
Last Close Price
25.17 CNY
Average target price
36.33 CNY
Spread / Average Target
+44.34%
Consensus
  1. Stock Market
  2. Equities
  3. 600584 Stock
  4. Financials JCET Group Co., Ltd.