Financials Jiangsu Rutong Petro-Machinery Co., Ltd

Equities

603036

CNE100002ZX0

Oil Related Services and Equipment

End-of-day quote Shanghai S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
11.82 CNY +3.50% Intraday chart for Jiangsu Rutong Petro-Machinery Co., Ltd +8.74% -19.59%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,276 2,207 1,734 2,051 2,140 3,028
Enterprise Value (EV) 1 1,685 1,552 1,058 1,402 1,455 2,304
P/E ratio 58.9 x 33.5 x 25.8 x 37.2 x 26.7 x 32 x
Yield 0.52% 1.12% 1.76% 1.19% 1.82% 1.36%
Capitalization / Revenue 9.46 x 7.38 x 5.96 x 7.6 x 6.97 x 7.98 x
EV / Revenue 7 x 5.19 x 3.64 x 5.2 x 4.74 x 6.07 x
EV / EBITDA 43.6 x 19.7 x 12.6 x 22.3 x 17.8 x 24.1 x
EV / FCF 214 x 4.16 x 34.5 x -57 x 50.1 x 73.7 x
FCF Yield 0.47% 24% 2.9% -1.75% 2% 1.36%
Price to Book 2.27 x 2.06 x 1.56 x 1.79 x 1.77 x 2.38 x
Nbr of stocks (in thousands) 203,360 206,033 204,008 204,117 205,399 206,006
Reference price 2 11.19 10.71 8.500 10.05 10.42 14.70
Announcement Date 4/11/19 4/28/20 4/9/21 4/15/22 4/13/23 4/11/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 240.6 298.9 290.7 269.8 306.9 379.7
EBITDA 1 38.62 78.91 83.97 62.82 81.93 95.69
EBIT 1 23.08 62.96 68.99 46.73 65.86 79.68
Operating Margin 9.59% 21.07% 23.73% 17.32% 21.46% 20.98%
Earnings before Tax (EBT) 1 45.27 76.35 78.91 62.23 95.57 110
Net income 1 39.08 64.82 67.81 55.54 81.14 95.12
Net margin 16.24% 21.69% 23.32% 20.59% 26.44% 25.05%
EPS 2 0.1900 0.3200 0.3300 0.2700 0.3900 0.4600
Free Cash Flow 1 7.865 372.9 30.7 -24.57 29.06 31.28
FCF margin 3.27% 124.77% 10.56% -9.11% 9.47% 8.24%
FCF Conversion (EBITDA) 20.37% 472.53% 36.56% - 35.47% 32.69%
FCF Conversion (Net income) 20.13% 575.22% 45.27% - 35.81% 32.89%
Dividend per Share 2 0.0580 0.1200 0.1500 0.1200 0.1900 0.2000
Announcement Date 4/11/19 4/28/20 4/9/21 4/15/22 4/13/23 4/11/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 591 654 676 650 686 724
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 7.86 373 30.7 -24.6 29.1 31.3
ROE (net income / shareholders' equity) 3.83% 6.19% 6.03% 4.67% 6.67% 7.58%
ROA (Net income/ Total Assets) 1.31% 3.36% 3.49% 2.27% 3.06% 3.52%
Assets 1 2,985 1,929 1,945 2,448 2,648 2,705
Book Value Per Share 2 4.930 5.200 5.460 5.600 5.890 6.170
Cash Flow per Share 2 1.330 1.500 1.920 1.870 2.010 2.190
Capex 1 9.22 7.51 4.18 58.8 5.38 6.95
Capex / Sales 3.83% 2.51% 1.44% 21.81% 1.75% 1.83%
Announcement Date 4/11/19 4/28/20 4/9/21 4/15/22 4/13/23 4/11/24
1CNY in Million2CNY
Estimates
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