Financials Qianjiang Yongan Pharmaceutical Co., Ltd.

Equities

002365

CNE100000LZ9

Pharmaceuticals

End-of-day quote Shenzhen S.E. 06:00:00 2024-05-20 pm EDT 5-day change 1st Jan Change
8.3 CNY +3.23% Intraday chart for Qianjiang Yongan Pharmaceutical Co., Ltd. +2.47% -15.13%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,076 2,906 2,689 3,122 3,094 2,882
Enterprise Value (EV) 1 2,609 2,407 2,063 2,595 2,302 1,936
P/E ratio 17 x 31.7 x 25.6 x 28.2 x 22 x -234 x
Yield 0.96% 1.52% 1.07% - 0.95% 1.02%
Capitalization / Revenue 3.06 x 2.12 x 2.29 x 1.99 x 2.12 x 2.96 x
EV / Revenue 2.6 x 1.76 x 1.76 x 1.66 x 1.57 x 1.99 x
EV / EBITDA 9.69 x 10.7 x 8.58 x 10.8 x 7.85 x 12.2 x
EV / FCF -114 x 5.46 x 42.1 x -936 x 11 x 14.1 x
FCF Yield -0.87% 18.3% 2.38% -0.11% 9.06% 7.08%
Price to Book 1.95 x 1.76 x 1.57 x 1.68 x 1.53 x 1.45 x
Nbr of stocks (in thousands) 294,683 294,683 286,694 294,283 294,683 294,683
Reference price 2 10.44 9.860 9.380 10.61 10.50 9.780
Announcement Date 3/27/19 4/27/20 3/30/21 3/24/22 3/29/23 4/18/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,005 1,370 1,173 1,565 1,462 972.9
EBITDA 1 269.3 225.9 240.6 240.6 293.2 159
EBIT 1 189.6 113.3 127.7 124.8 169.8 23.97
Operating Margin 18.86% 8.27% 10.88% 7.97% 11.61% 2.46%
Earnings before Tax (EBT) 1 212.1 116.4 130.6 129.9 153.1 6.052
Net income 1 178.6 89.93 105.6 111.4 140.3 -12.31
Net margin 17.76% 6.56% 9% 7.12% 9.6% -1.27%
EPS 2 0.6135 0.3109 0.3659 0.3760 0.4762 -0.0418
Free Cash Flow 1 -22.82 440.6 49.04 -2.774 208.5 137.1
FCF margin -2.27% 32.15% 4.18% -0.18% 14.26% 14.09%
FCF Conversion (EBITDA) - 195.01% 20.39% - 71.12% 86.24%
FCF Conversion (Net income) - 489.87% 46.46% - 148.58% -
Dividend per Share 2 0.1007 0.1500 0.1000 - 0.1000 0.1000
Announcement Date 3/27/19 4/27/20 3/30/21 3/24/22 3/29/23 4/18/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 467 499 626 527 792 946
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -22.8 441 49 -2.77 209 137
ROE (net income / shareholders' equity) 12.1% 6.55% 6.84% 6.31% 6.54% -1.37%
ROA (Net income/ Total Assets) 6.76% 3.69% 3.92% 3.51% 4.51% 0.63%
Assets 1 2,644 2,436 2,694 3,178 3,115 -1,961
Book Value Per Share 2 5.360 5.620 5.970 6.330 6.850 6.730
Cash Flow per Share 2 0.0800 0.4100 0.3900 0.3200 0.9300 1.110
Capex 1 269 134 104 63 149 121
Capex / Sales 26.8% 9.81% 8.9% 4.03% 10.19% 12.41%
Announcement Date 3/27/19 4/27/20 3/30/21 3/24/22 3/29/23 4/18/24
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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