Financials Jiangsu Jinling Sports Equipment Co.,Ltd.

Equities

300651

CNE100002P18

Recreational Products

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
14.08 CNY +0.79% Intraday chart for Jiangsu Jinling Sports Equipment Co.,Ltd. +4.53% -29.53%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,285 3,525 5,758 3,589 2,872 2,572
Enterprise Value (EV) 1 3,283 3,546 5,782 3,683 2,765 2,328
P/E ratio 92.3 x 82.9 x 191 x 138 x 74.4 x 37.7 x
Yield 0.65% 0.37% 0.22% 0.36% 0.54% -
Capitalization / Revenue 7.24 x 7.06 x 12.8 x 6.56 x 6.05 x 5.01 x
EV / Revenue 7.23 x 7.1 x 12.9 x 6.73 x 5.83 x 4.53 x
EV / EBITDA 51.7 x 44.9 x 73.8 x 51 x 34.8 x 27.5 x
EV / FCF -71.1 x -305 x 571 x -59.9 x 13.2 x 24.4 x
FCF Yield -1.41% -0.33% 0.18% -1.67% 7.58% 4.1%
Price to Book 5.07 x 5.27 x 8.39 x 4.86 x 3.75 x 3.04 x
Nbr of stocks (in thousands) 128,747 128,747 128,747 128,747 128,747 128,749
Reference price 2 25.52 27.38 44.72 27.88 22.31 19.98
Announcement Date 4/21/19 4/26/20 4/26/21 4/26/22 4/25/23 4/19/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 453.8 499.6 449.1 547.3 474.4 513.9
EBITDA 1 63.53 79.04 78.37 72.27 79.45 84.54
EBIT 1 41.57 50.55 47.41 40.05 42.24 47.33
Operating Margin 9.16% 10.12% 10.56% 7.32% 8.9% 9.21%
Earnings before Tax (EBT) 1 43.08 50.44 39.85 37.23 45.79 73.03
Net income 1 35.4 42.5 30.08 26.04 38.47 67.62
Net margin 7.8% 8.51% 6.7% 4.76% 8.11% 13.16%
EPS 2 0.2765 0.3301 0.2337 0.2022 0.3000 0.5300
Free Cash Flow 1 -46.16 -11.61 10.12 -61.52 209.6 95.47
FCF margin -10.17% -2.32% 2.25% -11.24% 44.19% 18.58%
FCF Conversion (EBITDA) - - 12.92% - 263.86% 112.93%
FCF Conversion (Net income) - - 33.65% - 544.88% 141.18%
Dividend per Share 2 0.1647 0.1000 0.1000 0.1000 0.1200 -
Announcement Date 4/21/19 4/26/20 4/26/21 4/26/22 4/25/23 4/19/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 20.4 24.5 94 - -
Net Cash position 1 2.36 - - - 108 244
Leverage (Debt/EBITDA) - 0.2584 x 0.3127 x 1.301 x - -
Free Cash Flow 1 -46.2 -11.6 10.1 -61.5 210 95.5
ROE (net income / shareholders' equity) 5.6% 6.39% 4.61% 3.82% 5.15% 7.76%
ROA (Net income/ Total Assets) 2.94% 3.48% 3.16% 2.24% 2.09% 2.28%
Assets 1 1,206 1,221 951.2 1,162 1,844 2,960
Book Value Per Share 2 5.030 5.200 5.330 5.740 5.950 6.570
Cash Flow per Share 2 0.8900 0.3500 0.4000 1.100 1.090 1.930
Capex 1 54.9 52.1 43.3 48.5 19.9 25.2
Capex / Sales 12.09% 10.42% 9.63% 8.86% 4.2% 4.9%
Announcement Date 4/21/19 4/26/20 4/26/21 4/26/22 4/25/23 4/19/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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