Financials Jia Yao Holdings Limited

Equities

1626

KYG5137W1078

Paper Packaging

Market Closed - Hong Kong S.E. 04:08:22 2024-04-29 am EDT 5-day change 1st Jan Change
3.6 HKD -1.37% Intraday chart for Jia Yao Holdings Limited -3.23% -9.09%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 432 455.8 202 464.4 471.6 2,160
Enterprise Value (EV) 1 360.3 436.5 242.6 492.4 248.9 1,868
P/E ratio 44 x 152 x -7.48 x -17.2 x 78.6 x 22.5 x
Yield - - - - 6.3% -
Capitalization / Revenue 0.76 x 0.78 x 0.35 x 0.67 x 0.49 x 1.48 x
EV / Revenue 0.64 x 0.75 x 0.42 x 0.71 x 0.26 x 1.28 x
EV / EBITDA 8.75 x 18.6 x -17.4 x -46.3 x 8.04 x 10.7 x
EV / FCF 2.98 x -7.13 x -4.69 x 37.1 x 3.37 x 32.4 x
FCF Yield 33.6% -14% -21.3% 2.69% 29.6% 3.09%
Price to Book 2.06 x 2.15 x 1.09 x 2.9 x 1.44 x 5.36 x
Nbr of stocks (in thousands) 300,000 300,000 300,000 300,000 600,000 600,000
Reference price 2 1.440 1.519 0.6733 1.548 0.7860 3.599
Announcement Date 4/17/19 5/8/20 4/16/21 4/25/22 4/20/23 4/18/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 567.1 581.3 576.2 688.9 968.4 1,456
EBITDA 1 41.19 23.46 -13.98 -10.62 30.96 175.3
EBIT 1 24.43 9.502 -26.91 -23.06 16.53 156.8
Operating Margin 4.31% 1.63% -4.67% -3.35% 1.71% 10.77%
Earnings before Tax (EBT) 1 20.49 9.831 -29.42 -28.82 18.26 167
Net income 1 12.98 4.222 -26.2 -26.22 5.496 99.28
Net margin 2.29% 0.73% -4.55% -3.81% 0.57% 6.82%
EPS 2 0.0327 0.0100 -0.0900 -0.0900 0.0100 0.1600
Free Cash Flow 1 120.9 -61.23 -51.7 13.26 73.79 57.69
FCF margin 21.32% -10.53% -8.97% 1.92% 7.62% 3.96%
FCF Conversion (EBITDA) 293.51% - - - 238.37% 32.91%
FCF Conversion (Net income) 931.08% - - - 1,342.66% 58.1%
Dividend per Share - - - - 0.0495 -
Announcement Date 4/17/19 5/8/20 4/16/21 4/25/22 4/20/23 4/18/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - 40.6 27.9 - -
Net Cash position 1 71.7 19.3 - - 223 292
Leverage (Debt/EBITDA) - - -2.906 x -2.628 x - -
Free Cash Flow 1 121 -61.2 -51.7 13.3 73.8 57.7
ROE (net income / shareholders' equity) 6.8% 2.9% -12.4% -13.6% 3.74% 29.4%
ROA (Net income/ Total Assets) 1.95% 0.83% -2.71% -2.13% 1.13% 7.72%
Assets 1 665.2 507.4 967.8 1,232 486.5 1,286
Book Value Per Share 2 0.7000 0.7100 0.6200 0.5300 0.5500 0.6700
Cash Flow per Share 2 0.7100 0.2500 0.2300 0.2200 0.4400 0.5200
Capex 1 21.6 7.56 7.23 30.7 15 44.7
Capex / Sales 3.8% 1.3% 1.25% 4.46% 1.54% 3.07%
Announcement Date 4/17/19 5/8/20 4/16/21 4/25/22 4/20/23 4/18/24
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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