Financials Jiangsu Financial Leasing Co., Ltd.

Equities

600901

CNE100002SX5

Consumer Lending

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
5.38 ^CNY	+0.19%		-0.19%	+11.16%

Apr. 27	Jiangsu Financial Leasing Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	Two China Glass Units Sell Assets to Jiangsu Financial Leasing in Sale-Leaseback Deals	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	18,876	16,456	15,202	16,369	20,545	23,510	-	-
Enterprise Value (EV) ¹	18,876	16,456	15,202	16,369	20,545	23,510	23,510	23,510
P/E ratio	11.9 x	8.75 x	7.6 x	8.56 x	9.88 x	8.15 x	6.92 x	7.37 x
Yield	-	-	6.88%	6.39%	6.61%	6.23%	6.78%	6.69%
Capitalization / Revenue	6.16 x	4.38 x	3.86 x	3.77 x	4.29 x	4.54 x	3.96 x	4.16 x
EV / Revenue	6.16 x	4.38 x	3.86 x	3.77 x	4.29 x	4.54 x	3.96 x	4.16 x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	-	1.26 x	1.04 x	1.05 x	1.15 x	1.19 x	1.03 x	0.96 x
Nbr of stocks (in thousands)	4,181,310	4,181,310	4,181,310	4,181,803	4,244,928	4,369,842	-	-
Reference price ²	4.514	3.936	3.636	3.914	4.840	5.380	5.380	5.380
Announcement Date	4/29/20	3/4/21	4/21/22	4/21/23	4/26/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	3,066	3,753	3,941	4,346	4,787	5,180	5,944	5,648
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	-	2,505	2,765	3,219	3,542	4,214	4,681	4,241
Operating Margin	-	66.75%	70.17%	74.06%	74%	81.37%	78.75%	75.09%
Earnings before Tax (EBT) ¹	-	2,503	2,764	3,216	3,543	3,854	4,455	4,235
Net income ¹	-	1,877	2,072	2,412	2,660	2,891	3,344	3,174
Net margin	-	50.01%	52.59%	55.49%	55.57%	55.82%	56.26%	56.2%
EPS ²	0.3786	0.4500	0.4786	0.4571	0.4900	0.6600	0.7775	0.7300
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	-	-	0.2500	0.2500	0.3200	0.3350	0.3650	0.3600
Announcement Date	4/29/20	3/4/21	4/21/22	4/21/23	4/26/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q1
Net sales	-
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income ¹	680.1
Net margin	-
EPS ²	0.1286
Dividend per Share	-
Announcement Date	4/22/23

¹CNY in Million²CNY

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)	-	-	15.4%	15.9%	15.8%	15.4%	15.9%	13.6%
ROA (Net income/ Total Assets)	-	-	2.3%	2.32%	-	2.3%	2.33%	2.19%
Assets ¹	-	-	90,107	103,947	-	125,969	143,817	144,932
Book Value Per Share ²	-	3.110	3.480	3.740	4.200	4.510	5.240	5.620
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-	-
Announcement Date	4/29/20	3/4/21	4/21/22	4/21/23	4/26/24	-	-	-

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

Ratings for Jiangsu Financial Leasing Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

C+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

5.38 CNY

Average target price

5.78 CNY

Spread / Average Target

+7.43%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Consumer Leasing

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Consumer Leasing