Financials Jiangsu Phoenix Publishing & Media Corporation Limited

Equities

601928

CNE1000019Q6

Consumer Publishing

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
10.13 CNY -0.10% Intraday chart for Jiangsu Phoenix Publishing & Media Corporation Limited -9.71% +14.98%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 19,367 16,109 20,588 20,156 22,421 25,780 - -
Enterprise Value (EV) 1 9,126 16,109 20,588 20,156 22,421 25,780 25,780 25,780
P/E ratio 14.4 x 10.1 x 8.38 x 9.68 x 7.6 x 14.2 x 10.8 x 12.2 x
Yield 3.94% 6.32% 6.18% 6.31% 5.68% 4.94% 5.97% -
Capitalization / Revenue 1.54 x 1.33 x 1.64 x 1.48 x 1.64 x 1.8 x 1.61 x 1.63 x
EV / Revenue 1.54 x 1.33 x 1.64 x 1.48 x 1.64 x 1.8 x 1.61 x 1.63 x
EV / EBITDA 11.1 x 8.3 x 7.02 x 7.59 x 7.84 x 9.37 x 9.23 x 7.84 x
EV / FCF 11,528,199 x - - - - - - -
FCF Yield 0% - - - - - - -
Price to Book 1.39 x 1.09 x 1.28 x 1.17 x 1.17 x 1.31 x 1.26 x 1.22 x
Nbr of stocks (in thousands) 2,544,900 2,544,900 2,544,900 2,544,900 2,544,900 2,544,900 - -
Reference price 2 7.610 6.330 8.090 7.920 8.810 10.13 10.13 10.13
Announcement Date 4/30/20 4/22/21 3/14/22 4/21/23 3/7/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 12,585 12,135 12,517 13,596 13,645 14,356 15,968 15,774
EBITDA 1 1,749 1,941 2,931 2,657 2,858 2,750 2,793 3,287
EBIT 1 1,421 1,609 2,512 2,175 2,333 2,456 2,776 2,873
Operating Margin 11.29% 13.26% 20.07% 16% 17.1% 17.11% 17.39% 18.21%
Earnings before Tax (EBT) 1 1,443 1,619 2,508 2,128 2,328 2,444 2,754 2,851
Net income 1 1,344 1,596 2,457 2,082 2,952 1,822 2,390 2,125
Net margin 10.68% 13.15% 19.63% 15.31% 21.63% 12.69% 14.96% 13.47%
EPS 2 0.5280 0.6269 0.9654 0.8180 1.160 0.7150 0.9375 0.8300
Free Cash Flow 1,680 - - - - - - -
FCF margin 13.35% - - - - - - -
FCF Conversion (EBITDA) 96.05% - - - - - - -
FCF Conversion (Net income) 125.03% - - - - - - -
Dividend per Share 2 0.3000 0.4000 0.5000 0.5000 0.5000 0.5000 0.6050 -
Announcement Date 4/30/20 4/22/21 3/14/22 4/21/23 3/7/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1 2022 Q2 2022 S1 2022 Q3 2023 Q2 2023 Q3
Net sales 1 3,196 3,865 7,062 - 3,942 2,472
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) - - - - - -
Net income 1 474.5 1,030 1,505 231.2 1,077 214.5
Net margin 14.85% 26.66% 21.31% - 27.31% 8.68%
EPS - - - - - -
Dividend per Share - - - - - -
Announcement Date 4/29/22 8/22/22 8/22/22 10/28/22 8/28/23 10/27/23
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position 10,240 - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1,680 - - - - - - -
ROE (net income / shareholders' equity) 9.91% 11.2% 16% 12.7% 16.3% 9.29% 11.7% 9.95%
ROA (Net income/ Total Assets) 5.9% - 8.87% - - 5.8% 7.1% -
Assets 1 22,793 - 27,686 - - 31,405 33,655 -
Book Value Per Share 2 5.470 5.780 6.340 6.780 7.520 7.740 8.070 8.320
Cash Flow per Share 2 0.9400 1.410 1.310 0.9900 1.020 1.280 0.8100 2.390
Capex 1 709 517 810 592 445 702 741 307
Capex / Sales 5.63% 4.26% 6.47% 4.36% 3.26% 4.89% 4.64% 1.95%
Announcement Date 4/30/20 4/22/21 3/14/22 4/21/23 3/7/24 - - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
10.13 CNY
Average target price
12.3 CNY
Spread / Average Target
+21.42%
Consensus

Quarterly revenue - Rate of surprise

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