Financials JD Logistics, Inc. Hong Kong S.E.

Equities

KYG5074S1012

Air Freight & Logistics

End-of-day quote Hong Kong S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
8.5 HKD +3.16% Intraday chart for JD Logistics, Inc. +12.14% -13.09%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Capitalization 1 121,987 81,129 54,199 48,061 - -
Enterprise Value (EV) 1 108,246 83,408 54,199 49,083 47,158 43,336
P/E ratio -6.76 x -58.1 x 88.9 x 27 x 18.9 x 13.5 x
Yield - - - - - -
Capitalization / Revenue 1.17 x 0.59 x 0.33 x 0.27 x 0.24 x 0.23 x
EV / Revenue 1.03 x 0.61 x 0.33 x 0.27 x 0.24 x 0.2 x
EV / EBITDA -172 x 8.53 x 3.71 x 3.19 x 2.77 x 2.34 x
EV / FCF 52.7 x 9.83 x - 5.49 x 4.77 x 3.33 x
FCF Yield 1.9% 10.2% - 18.2% 21% 30%
Price to Book 2.82 x 1.72 x - 1.01 x 0.96 x 0.89 x
Nbr of stocks (in thousands) 5,660,170 6,075,430 6,097,253 6,108,253 - -
Reference price 2 21.55 13.35 8.889 7.868 7.868 7.868
Announcement Date 3/10/22 3/9/23 3/6/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 73,375 104,693 137,402 166,625 181,225 197,009 212,857
EBITDA 1 - -631.1 9,774 14,606 15,384 17,040 18,488
EBIT 1 - -2,975 -242.4 760.2 3,074 4,463 6,016
Operating Margin - -2.84% -0.18% 0.46% 1.7% 2.27% 2.83%
Earnings before Tax (EBT) 1 - -15,600 -814.2 1,619 3,264 4,603 6,052
Net income 1 -4,134 -15,842 -1,397 616.2 2,014 2,822 3,966
Net margin -5.63% -15.13% -1.02% 0.37% 1.11% 1.43% 1.86%
EPS 2 - -3.190 -0.2300 0.1000 0.2918 0.4154 0.5847
Free Cash Flow 1 - 2,055 8,481 - 8,940 9,881 13,007
FCF margin - 1.96% 6.17% - 4.93% 5.02% 6.11%
FCF Conversion (EBITDA) - - 86.77% - 58.11% 57.99% 70.36%
FCF Conversion (Net income) - - - - 443.86% 350.15% 328.01%
Dividend per Share 2 - - - - - - -
Announcement Date 5/16/21 3/10/22 3/9/23 3/6/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 S2 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 48,472 56,221 27,351 31,272 58,623 35,771 43,008 36,728 41,033 41,663 47,201 40,537 44,616 44,752 51,283
EBITDA - - - - - - - - - - - - - - -
EBIT 1 -1,986 -471.6 -874.9 -134.8 - -9.454 776.6 -1,301 477.6 270.2 1,313 -353.7 511 652.6 1,611
Operating Margin -4.1% -0.84% -3.2% -0.43% - -0.03% 1.81% -3.54% 1.16% 0.65% 2.78% -0.87% 1.15% 1.46% 3.14%
Earnings before Tax (EBT) - - - - - - - - - - - - - - -
Net income - -481.6 - - - - - - - - - - - - -
Net margin - -0.86% - - - - - - - - - - - - -
EPS - - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 9/14/21 3/10/22 5/17/22 8/23/22 8/23/22 11/18/22 3/9/23 5/11/23 8/16/23 11/15/23 3/6/24 - - - -
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - 2,279 - 1,022 - -
Net Cash position 1 - 13,741 - - - 903 4,725
Leverage (Debt/EBITDA) - - 0.2332 x - 0.0665 x - -
Free Cash Flow 1 - 2,055 8,481 - 8,940 9,881 13,007
ROE (net income / shareholders' equity) - -96.6% 0.91% - 5.36% 6.79% 7.93%
ROA (Net income/ Total Assets) - -24.1% 0.42% - 2.83% 3.7% 4.5%
Assets 1 - 65,759 -334,667 - 71,221 76,243 88,206
Book Value Per Share 2 - 7.640 7.760 - 7.760 8.200 8.870
Cash Flow per Share 2 - 1.250 2.220 - 2.340 2.740 3.230
Capex 1 - 4,152 4,833 - 5,896 6,079 6,396
Capex / Sales - 3.97% 3.52% - 3.25% 3.09% 3%
Announcement Date 5/16/21 3/10/22 3/9/23 3/6/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
19
Last Close Price
7.868 CNY
Average target price
10.63 CNY
Spread / Average Target
+35.11%
Consensus

Quarterly revenue - Rate of surprise

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