JIANGSU ZHANGJIAGANG RURAL COMMERCIAL BANK CO., LTD

Financials Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd

Equities

002839

CNE100002K54

Banks

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
4.05 ^CNY	-0.98%		-1.70%	+4.38%

Mar. 20	Lancang River Hydropower Names Chairman, Vice Chairmen	MT
Feb. 08	Shanghai No.1 Pharmacy’s Chairman, Vice Chairman Step Down; New Chairman Named	MT

Valuation

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	9,670	10,737	11,029	10,414	10,002	8,787	8,787	-
Enterprise Value (EV) ¹	9,670	10,737	11,029	10,414	10,002	8,787	8,787	8,787
P/E ratio	-	-	-	9.14 x	7.44 x	4.71 x	4.22 x	3.75 x
Yield	2.8%	2.53%	2.62%	2.78%	4.34%	5.43%	6.17%	6.91%
Capitalization / Revenue	3.23 x	2.79 x	2.63 x	2.26 x	2.07 x	1.89 x	1.83 x	1.76 x
EV / Revenue	3.23 x	2.79 x	2.63 x	2.26 x	2.07 x	1.89 x	1.83 x	1.76 x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	0.98 x	1.01 x	0.98 x	0.72 x	0.64 x	0.6 x	0.54 x	0.49 x
Nbr of stocks (in thousands)	2,169,041	2,169,081	2,169,558	2,169,559	2,169,649	2,169,650	2,169,650	-
Reference price ²	4.458	4.950	5.083	4.800	4.610	4.050	4.050	4.050
Announcement Date	1/22/19	2/3/20	1/22/21	3/28/22	1/16/23	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	2,992	3,853	4,195	4,616	4,827	4,652	4,791	4,991
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	-	966.5	998.3	3,145	1,778	3,214	3,339	3,484
Operating Margin	-	25.09%	23.8%	68.14%	36.83%	69.09%	69.69%	69.81%
Earnings before Tax (EBT)	-	-	-	1,373	1,855	-	-	-
Net income ¹	-	-	-	1,304	1,682	1,856	2,077	2,351
Net margin	-	-	-	28.24%	34.84%	39.9%	43.35%	47.1%
EPS ²	-	-	-	0.5250	0.6200	0.8600	0.9600	1.080
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.1250	0.1250	0.1333	0.1333	0.2000	0.2200	0.2500	0.2800
Announcement Date	1/22/19	2/3/20	1/22/21	3/28/22	1/16/23	-	-	-

¹CNY in Million²CNY

Estimates

Balance Sheet Analysis

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	9.39%	9.22%	9.15%	11.1%	12.2%	11.4%	11.7%	12.1%
ROA (Net income/ Total Assets)	0.77%	0.8%	0.75%	0.85%	0.96%	0.94%	0.94%	0.95%
Assets ¹	-	-	-	154,192	176,054	197,447	220,957	247,474
Book Value Per Share ²	4.570	4.920	5.160	6.650	7.170	6.700	7.440	8.270
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-	-
Announcement Date	1/22/19	2/3/20	1/22/21	3/28/22	1/16/23	-	-	-

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 Zhangjiagang Rural Commercial Bank Co., Ltd

Trading Rating

Investor Rating

ESG Refinitiv

C-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

4.05 CNY

Average target price

5.36 CNY

Spread / Average Target

+32.35%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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