Financials Jiangsu Zijin Rural Commercial Bank Co.,Ltd

Equities

601860

CNE100003GZ3

Banks

End-of-day quote Shanghai S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
2.67 CNY -0.37% Intraday chart for Jiangsu Zijin Rural Commercial Bank Co.,Ltd +1.91% +5.53%

Valuation

Fiscal Period: December 2019 2020 2021 2022
Capitalization 1 20,574 15,412 12,264 9,482
Enterprise Value (EV) 1 33,494 22,566 24,742 19,364
P/E ratio 14.5 x 11.4 x 8.82 x 6.48 x
Yield 1.78% 2.38% 2.99% 3.86%
Capitalization / Revenue 6.68 x 5.19 x 3.58 x 2.57 x
EV / Revenue 10.9 x 7.6 x 7.22 x 5.24 x
EV / EBITDA - - - -
EV / FCF - - - -
FCF Yield - - - -
Price to Book 1.5 x 1.04 x 0.77 x 0.55 x
Nbr of stocks (in thousands) 3,660,889 3,660,889 3,660,955 3,660,975
Reference price 2 5.620 4.210 3.350 2.590
Announcement Date 3/24/20 4/27/21 4/29/22 4/28/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 2,718 2,943 3,082 2,969 3,427 3,695
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 1,395 1,491 1,652 1,600 1,779 1,942
Net income 1 1,138 1,254 1,417 1,441 1,515 1,600
Net margin 41.86% 42.61% 45.98% 48.55% 44.22% 43.31%
EPS 2 0.3500 0.3800 0.3871 0.3700 0.3800 0.4000
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.1000 0.1000 0.1000 0.1000 0.1000 0.1000
Announcement Date 3/28/18 3/29/19 3/24/20 4/27/21 4/29/22 4/28/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 10,475 29,254 12,920 7,153 12,478 9,882
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 11.8% 11.3% 10.9% 10.1% 9.83% 9.67%
ROA (Net income/ Total Assets) 0.75% 0.69% 0.72% 0.69% 0.71% 0.74%
Assets 1 152,380 182,075 197,257 209,520 212,184 215,715
Book Value Per Share 2 3.020 3.360 3.760 4.050 4.370 4.670
Cash Flow per Share 2 4.680 4.060 4.010 2.010 0.4900 1.090
Capex 1 189 236 52.4 66.4 76.8 130
Capex / Sales 6.94% 8.02% 1.7% 2.24% 2.24% 3.53%
Announcement Date 3/28/18 3/29/19 3/24/20 4/27/21 4/29/22 4/28/23
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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