Financials Joinn Laboratories(China)Co.,Ltd.

Equities

603127

CNE100002W27

Biotechnology & Medical Research

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
17.37 CNY +2.72% Intraday chart for Joinn Laboratories(China)Co.,Ltd. +3.52% -26.74%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 9,347 23,453 40,246 29,328 16,313 11,998 - -
Enterprise Value (EV) 1 9,347 23,453 36,161 26,442 13,478 8,676 8,322 7,323
P/E ratio 52.5 x 74.2 x 77 x 29.2 x 44.7 x 25.3 x 19.4 x 19.3 x
Yield 0.59% - 0.31% 0.68% 0.67% 0.97% 1.15% 1.53%
Capitalization / Revenue 14.6 x - 26.5 x 12.9 x 6.86 x 4.98 x 4.16 x 4.13 x
EV / Revenue 14.6 x - 23.8 x 11.7 x 5.67 x 3.6 x 2.89 x 2.52 x
EV / EBITDA - - 71 x 19.8 x 21.5 x 11.8 x 9.11 x 8.24 x
EV / FCF - - 80.8 x 38 x 31.3 x 11.6 x 16.2 x 18.5 x
FCF Yield - - 1.24% 2.63% 3.19% 8.63% 6.18% 5.41%
Price to Book 11.3 x - 6.16 x 3.82 x 2.15 x 1.5 x 1.38 x 1.34 x
Nbr of stocks (in thousands) 621,252 624,136 747,243 749,950 746,974 746,974 - -
Reference price 2 15.05 37.58 58.89 41.72 23.71 17.37 17.37 17.37
Announcement Date 4/12/20 3/29/21 2/24/22 3/30/23 3/28/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 639.4 - 1,517 2,268 2,376 2,409 2,884 2,908
EBITDA 1 - - 509.1 1,333 626.1 737.8 913.1 889
EBIT 1 206.1 - 407.6 1,226 507.1 587.4 774 800.7
Operating Margin 32.24% - 26.88% 54.04% 21.34% 24.38% 26.84% 27.54%
Earnings before Tax (EBT) 1 205.9 - 642 1,240 507 534.7 768.5 799.1
Net income 1 178.4 315 557.5 1,074 397 514.1 673.3 675
Net margin 27.9% - 36.76% 47.37% 16.71% 21.34% 23.35% 23.22%
EPS 2 0.2863 0.5066 0.7653 1.429 0.5300 0.6857 0.8975 0.8996
Free Cash Flow 1 - - 447.4 696.3 430.3 748.6 514.7 396.1
FCF margin - - 29.5% 30.7% 18.11% 31.07% 17.85% 13.62%
FCF Conversion (EBITDA) - - 87.88% 52.25% 68.73% 101.46% 56.37% 44.55%
FCF Conversion (Net income) - - 80.26% 64.82% 108.39% 145.62% 76.45% 58.67%
Dividend per Share 2 0.0885 - 0.1837 0.2857 0.1600 0.1688 0.2000 0.2656
Announcement Date 4/12/20 3/29/21 2/24/22 3/30/23 3/28/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 - - 499.5 991.6 1,491 369.4 642.7 575 789.4 397 692 635 842
EBITDA - - 168.6 - - - - - - - - - -
EBIT - - 297.1 507.9 805 214.4 - 275.2 115 - - - -
Operating Margin - - 59.48% 51.22% 53.99% 58.03% - 47.87% 14.57% - - - -
Earnings before Tax (EBT) - - - 507.8 804.9 214.3 -97.39 275 115 - - - -
Net income 125.3 245.8 260.9 442.2 703.1 187.8 -97.13 237 69.39 - - - -
Net margin - - 52.23% 44.6% 47.16% 50.83% -15.11% 41.21% 8.79% - - - -
EPS 2 0.1684 - 0.3500 0.5857 - 0.2500 -0.0800 0.3200 0.0900 0.0300 0.1000 0.0800 0.1000
Dividend per Share 2 - - - - - - - - - - - - 0.1610
Announcement Date 4/28/22 8/30/22 10/28/22 3/30/23 3/30/23 4/27/23 8/30/23 10/30/23 3/28/24 - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - - 4,085 2,886 2,835 3,322 3,676 4,675
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - 447 696 430 749 515 396
ROE (net income / shareholders' equity) 24.4% 30.8% 13.3% 14% 4.82% 6.01% 6.97% 6.9%
ROA (Net income/ Total Assets) 13.9% - 10.4% 11.4% - 4.16% 5.01% 5.21%
Assets 1 1,280 - 5,355 9,451 - 12,370 13,432 12,951
Book Value Per Share 2 1.330 - 9.560 10.90 11.00 11.60 12.60 13.00
Cash Flow per Share 2 0.2400 - 0.9400 1.290 0.8300 1.040 0.8500 1.190
Capex 1 127 - 237 275 193 197 207 178
Capex / Sales 19.83% - 15.64% 12.11% 8.1% 8.17% 7.16% 6.12%
Announcement Date 4/12/20 3/29/21 2/24/22 3/30/23 3/28/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
17.37 CNY
Average target price
19.29 CNY
Spread / Average Target
+11.06%
Consensus
  1. Stock Market
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  3. 603127 Stock
  4. Financials Joinn Laboratories(China)Co.,Ltd.