Financials Jiangsu Shagang Co., Ltd.

Equities

002075

CNE000001P11

Iron & Steel

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
4.03 CNY -1.95% Intraday chart for Jiangsu Shagang Co., Ltd. -1.71% +5.50%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 17,720 13,748 24,066 12,790 8,622 8,380
Enterprise Value (EV) 1 13,649 10,188 20,070 8,056 4,374 5,028
P/E ratio 15.2 x 26 x 36.6 x 11.4 x 18.7 x 42.4 x
Yield 0.75% 1.61% 0.91% 1.37% 1.27% -
Capitalization / Revenue 1.2 x 1.02 x 1.67 x 0.69 x 0.47 x 0.55 x
EV / Revenue 0.93 x 0.76 x 1.39 x 0.44 x 0.24 x 0.33 x
EV / EBITDA 4.31 x 7.69 x 10.8 x 2.85 x 3.89 x 6.94 x
EV / FCF 5.33 x 18.3 x 17.2 x 4.01 x 36.2 x -6.5 x
FCF Yield 18.7% 5.46% 5.81% 24.9% 2.76% -15.4%
Price to Book 3.97 x 2.77 x 4.61 x 2.09 x 1.35 x 1.18 x
Nbr of stocks (in thousands) 2,206,772 2,206,772 2,193,825 2,193,825 2,193,825 2,193,825
Reference price 2 8.030 6.230 10.97 5.830 3.930 3.820
Announcement Date 3/4/19 3/30/20 3/24/21 4/8/22 4/23/23 4/25/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 14,712 13,475 14,427 18,487 18,173 15,359
EBITDA 1 3,166 1,324 1,850 2,822 1,125 724
EBIT 1 2,804 961.6 1,431 2,377 651.7 171.7
Operating Margin 19.06% 7.14% 9.92% 12.86% 3.59% 1.12%
Earnings before Tax (EBT) 1 2,969 1,212 1,581 2,645 876.4 321.4
Net income 1 1,177 528.9 649.5 1,112 453.1 193.4
Net margin 8% 3.92% 4.5% 6.02% 2.49% 1.26%
EPS 2 0.5300 0.2400 0.3000 0.5100 0.2100 0.0900
Free Cash Flow 1 2,559 556.5 1,167 2,008 120.7 -774.1
FCF margin 17.39% 4.13% 8.09% 10.86% 0.66% -5.04%
FCF Conversion (EBITDA) 80.83% 42.02% 63.07% 71.14% 10.73% -
FCF Conversion (Net income) 217.4% 105.23% 179.65% 180.51% 26.64% -
Dividend per Share 2 0.0600 0.1002 0.1000 0.0800 0.0500 -
Announcement Date 3/4/19 3/30/20 3/24/21 4/8/22 4/23/23 4/25/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 4,071 3,560 3,996 4,734 4,247 3,353
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 2,559 557 1,167 2,008 121 -774
ROE (net income / shareholders' equity) 33.2% 12.8% 15.6% 23.9% 8.26% 2.76%
ROA (Net income/ Total Assets) 16.6% 5.22% 7.24% 10.4% 2.53% 0.53%
Assets 1 7,111 10,135 8,967 10,700 17,940 36,326
Book Value Per Share 2 2.020 2.250 2.380 2.790 2.920 3.230
Cash Flow per Share 2 0.1500 0.0900 0.0800 0.1400 0.7100 3.190
Capex 1 116 206 438 930 786 721
Capex / Sales 0.79% 1.53% 3.03% 5.03% 4.33% 4.69%
Announcement Date 3/4/19 3/30/20 3/24/21 4/8/22 4/23/23 4/25/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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