JIANGSU CHANGQING AGROCHEMICAL CO., LTD. Financials Jiangsu Changqing Agrochemical Co., Ltd.
Equities
002391
CNE100000NF7
Agricultural Chemicals
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.3 CNY | -1.85% |
|
-1.49% | -15.87% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,422 | 4,741 | 5,284 | 4,567 | 4,092 | 3,395 | - | - |
| Enterprise Value (EV) 1 | 4,422 | 4,741 | 5,284 | 4,567 | 4,092 | 3,395 | 3,395 | 3,395 |
| P/E ratio | 14.6 x | 23.3 x | 21.3 x | 17.5 x | 56 x | 29.4 x | 17.7 x | 12 x |
| Yield | 2.44% | 2.79% | 2.48% | 2.84% | 3.17% | 1.79% | 3.96% | 4.15% |
| Capitalization / Revenue | 1.31 x | 1.58 x | 1.4 x | 1.08 x | 1.13 x | 0.83 x | 0.67 x | 0.64 x |
| EV / Revenue | 1.31 x | 1.58 x | 1.4 x | 1.08 x | 1.13 x | 0.83 x | 0.67 x | 0.64 x |
| EV / EBITDA | 6.81 x | 10.5 x | 9.81 x | 7.69 x | - | 5.95 x | 5.07 x | - |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 1.28 x | 1.09 x | 1.17 x | 0.98 x | 0.89 x | 0.75 x | 0.71 x | 0.7 x |
| Nbr of stocks (in thousands) | 539,261 | 660,316 | 653,905 | 649,593 | 649,593 | 640,607 | - | - |
| Reference price 2 | 8.200 | 7.180 | 8.080 | 7.030 | 6.300 | 5.300 | 5.300 | 5.300 |
| Announcement Date | 2/27/20 | 4/21/21 | 4/18/22 | 4/11/23 | 4/17/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,377 | 3,008 | 3,765 | 4,244 | 3,614 | 4,079 | 5,069 | 5,332 |
| EBITDA 1 | 649.3 | 452.6 | 538.5 | 594.1 | - | 571 | 670 | - |
| EBIT 1 | 440.1 | 225.7 | 285.1 | 285.1 | 72.69 | 124.5 | 192 | 312 |
| Operating Margin | 13.03% | 7.5% | 7.57% | 6.72% | 2.01% | 3.05% | 3.79% | 5.85% |
| Earnings before Tax (EBT) 1 | 417.2 | 206 | 265.5 | 273.1 | 56.61 | 109.5 | 179.5 | 303 |
| Net income 1 | 370.8 | 195 | 248.5 | 262.4 | 73.11 | 119.5 | 194.5 | 287 |
| Net margin | 10.98% | 6.48% | 6.6% | 6.18% | 2.02% | 2.93% | 3.84% | 5.38% |
| EPS 2 | 0.5632 | 0.3084 | 0.3785 | 0.4024 | 0.1126 | 0.1800 | 0.3000 | 0.4400 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.2000 | 0.2000 | 0.2000 | 0.2000 | 0.2000 | 0.0950 | 0.2100 | 0.2200 |
| Announcement Date | 2/27/20 | 4/21/21 | 4/18/22 | 4/11/23 | 4/17/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 952.8 | 1,022 | 982 | 785.9 | 824.9 | 859.9 | 1,412 | 1,349 | 1,107 |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - |
| Net income | 99.4 | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| EPS | 0.1530 | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 10/24/22 | 4/11/23 | 4/11/23 | 8/14/23 | 10/26/23 | 4/17/24 | 4/17/24 | - | - | - |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 10.9% | 4.73% | 5.63% | 5.74% | 1.59% | 2.61% | 5.17% | 5.87% |
| ROA (Net income/ Total Assets) | 8.05% | 3.61% | 3.96% | 3.66% | - | 1.45% | 2.83% | 2.8% |
| Assets 1 | 4,607 | 5,408 | 6,270 | 7,170 | - | 8,241 | 6,865 | 10,250 |
| Book Value Per Share 2 | 6.410 | 6.590 | 6.880 | 7.140 | 7.050 | 7.030 | 7.450 | 7.540 |
| Cash Flow per Share 2 | 0.6900 | 0.5300 | 0.6600 | 1.300 | -0.1400 | 0.9500 | 0.6200 | 1.020 |
| Capex 1 | 422 | 574 | 1,026 | 857 | 860 | 945 | 760 | 850 |
| Capex / Sales | 12.49% | 19.08% | 27.24% | 20.21% | 23.79% | 23.17% | 14.99% | 15.94% |
| Announcement Date | 2/27/20 | 4/21/21 | 4/18/22 | 4/11/23 | 4/17/24 | - | - | - |
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
5.3
CNY
Average target price
6.3
CNY
Spread / Average Target
+18.87%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -15.87% | 469M | |
| +3.33% | 3.66B | |
| -19.60% | 2.17B | |
| +3.66% | 1.89B | |
| +0.22% | 1.71B | |
| -1.15% | 1.32B | |
| +5.69% | 1.2B | |
| -18.30% | 1.08B | |
| -0.17% | 1.03B | |
| -6.30% | 923M |
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