SHANGHAI JAHWA UNITED CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 20.1 CNY | +2.13% |
|
+12.86% | -5.10% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 20,768 | 23,546 | 27,464 | 21,622 | 14,322 | 13,592 | - | - |
| Enterprise Value (EV) 1 | 20,303 | 23,332 | 26,943 | 21,115 | 14,184 | 13,090 | 12,083 | 11,922 |
| P/E ratio | 37.3 x | 54.3 x | 42.1 x | 45.5 x | 28.2 x | 22.9 x | 19.6 x | 17.7 x |
| Yield | 0.81% | 0.58% | 0.72% | 0.66% | 1.09% | 1.35% | 1.42% | 1.6% |
| Capitalization / Revenue | 2.73 x | 3.35 x | 3.59 x | 3.04 x | 2.17 x | 1.89 x | 1.72 x | 1.62 x |
| EV / Revenue | 2.67 x | 3.32 x | 3.52 x | 2.97 x | 2.15 x | 1.82 x | 1.53 x | 1.42 x |
| EV / EBITDA | 21.8 x | 30.3 x | 28 x | 28.5 x | 19 x | 16.1 x | 14.3 x | 13.2 x |
| EV / FCF | 28.2 x | 43.3 x | 31.5 x | 38.3 x | -889 x | 19.1 x | 17 x | 17.7 x |
| FCF Yield | 3.54% | 2.31% | 3.17% | 2.61% | -0.11% | 5.23% | 5.89% | 5.66% |
| Price to Book | 3.3 x | 3.62 x | 3.94 x | 2.98 x | 1.86 x | 1.68 x | 1.57 x | 1.48 x |
| Nbr of stocks (in thousands) | 671,248 | 677,969 | 679,634 | 678,873 | 676,224 | 676,224 | - | - |
| Reference price 2 | 30.94 | 34.73 | 40.41 | 31.85 | 21.18 | 20.10 | 20.10 | 20.10 |
| Announcement Date | 2/19/20 | 2/2/21 | 3/16/22 | 3/14/23 | 3/15/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 7,597 | 7,032 | 7,646 | 7,106 | 6,598 | 7,206 | 7,902 | 8,377 |
| EBITDA 1 | 930.3 | 769.3 | 961.2 | 739.6 | 747.5 | 815.2 | 846.8 | 905.1 |
| EBIT 1 | 700.2 | 533.8 | 752.3 | 543.5 | 556.1 | 723.9 | 850.5 | 940.7 |
| Operating Margin | 9.22% | 7.59% | 9.84% | 7.65% | 8.43% | 10.05% | 10.76% | 11.23% |
| Earnings before Tax (EBT) 1 | 702 | 534 | 764.3 | 548.9 | 563.5 | 682.9 | 794 | 864.3 |
| Net income 1 | 557.1 | 430.2 | 649.3 | 472 | 500 | 593.5 | 696.4 | 771.1 |
| Net margin | 7.33% | 6.12% | 8.49% | 6.64% | 7.58% | 8.24% | 8.81% | 9.2% |
| EPS 2 | 0.8300 | 0.6400 | 0.9600 | 0.7000 | 0.7500 | 0.8761 | 1.028 | 1.139 |
| Free Cash Flow 1 | 718.9 | 538.2 | 854.1 | 551.6 | -15.96 | 684.3 | 711.9 | 674.2 |
| FCF margin | 9.46% | 7.65% | 11.17% | 7.76% | -0.24% | 9.5% | 9.01% | 8.05% |
| FCF Conversion (EBITDA) | 77.27% | 69.96% | 88.86% | 74.58% | - | 83.95% | 84.06% | 74.5% |
| FCF Conversion (Net income) | 129.04% | 125.11% | 131.55% | 116.86% | - | 115.3% | 102.21% | 87.44% |
| Dividend per Share 2 | 0.2500 | 0.2000 | 0.2900 | 0.2100 | 0.2300 | 0.2721 | 0.2858 | 0.3218 |
| Announcement Date | 2/19/20 | 2/2/21 | 3/16/22 | 3/14/23 | 3/15/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 S1 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,210 | 1,816 | 2,117 | 1,598 | 3,715 | 1,639 | 1,752 | 3,392 | 1,980 | 1,650 | 3,629 | 1,462 | 1,506 | 2,968 | 1,905 | 1,827 | 1,635 | 1,660 | 2,193 | 1,988 |
| EBITDA 1 | - | 217.7 | 272 | - | - | 239.9 | 222.7 | - | - | - | - | - | - | - | - | 59.85 | 37.19 | 211.9 | 152.4 | 152.4 |
| EBIT | 343.4 | 247.5 | 234.8 | -30.53 | 204.3 | 170.5 | 168.7 | 339.2 | 253.2 | 92.89 | 346.1 | 96.88 | 113.1 | 210 | 272.5 | - | - | - | - | - |
| Operating Margin | 8.16% | 13.63% | 11.09% | -1.91% | 5.5% | 10.4% | 9.63% | 10% | 12.79% | 5.63% | 9.54% | 6.63% | 7.51% | 7.08% | 14.3% | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | - | 256.5 | 235.3 | -28.88 | - | 172.5 | 169.9 | 342.4 | 250.8 | 96.2 | - | 99.35 | 117.2 | 216.5 | 275.2 | 72.65 | 49.99 | 224.7 | 174.2 | 174.2 |
| Net income 1 | 285.8 | 228.8 | 199.4 | -41.69 | 157.7 | 155.5 | 158.8 | 314.4 | 230.4 | 70.55 | 301 | 93.13 | 105.9 | 199.1 | 256.2 | 54.13 | 47.06 | 199 | 154.6 | 154.6 |
| Net margin | 6.79% | 12.6% | 9.42% | -2.61% | 4.24% | 9.49% | 9.06% | 9.27% | 11.64% | 4.28% | 8.29% | 6.37% | 7.03% | 6.71% | 13.45% | 2.96% | 2.88% | 11.99% | 7.05% | 7.78% |
| EPS 2 | - | 0.3400 | 0.3000 | -0.0700 | - | 0.2400 | 0.2300 | - | 0.3400 | 0.1100 | - | 0.1400 | 0.1600 | - | 0.3800 | 0.0798 | 0.0694 | 0.2933 | 0.2286 | 0.2286 |
| Dividend per Share 2 | - | 0.2900 | - | - | - | - | 0.2100 | - | - | - | - | - | - | - | - | - | - | 0.2584 | - | - |
| Announcement Date | 8/24/21 | 3/16/22 | 4/28/22 | 8/19/22 | 8/19/22 | 10/25/22 | 3/14/23 | 3/14/23 | 4/25/23 | 8/28/23 | 8/28/23 | 10/25/23 | 3/15/24 | 3/15/24 | 4/22/24 | - | - | - | - | - |
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 | 465 | 214 | 521 | 507 | 139 | 502 | 1,509 | 1,670 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 719 | 538 | 854 | 552 | -16 | 684 | 712 | 674 |
| ROE (net income / shareholders' equity) | 9.21% | 6.73% | 9.63% | 6.64% | 6.67% | 7.23% | 8.01% | 8.31% |
| ROA (Net income/ Total Assets) | 5.23% | 3.83% | 5.54% | 3.87% | - | 5.13% | 5.51% | 6.08% |
| Assets 1 | 10,654 | 11,221 | 11,720 | 12,207 | - | 11,578 | 12,648 | 12,682 |
| Book Value Per Share 2 | 9.360 | 9.590 | 10.20 | 10.70 | 11.40 | 12.00 | 12.80 | 13.60 |
| Cash Flow per Share 2 | 1.120 | 0.9500 | 1.470 | 0.9800 | 0.1500 | 1.190 | 1.300 | 1.220 |
| Capex 1 | 29.9 | 105 | 139 | 113 | 119 | 109 | 145 | 128 |
| Capex / Sales | 0.39% | 1.5% | 1.82% | 1.59% | 1.81% | 1.51% | 1.83% | 1.52% |
| Announcement Date | 2/19/20 | 2/2/21 | 3/16/22 | 3/14/23 | 3/15/24 | - | - | - |
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
Sell
Buy
Mean consensus
HOLD
Number of Analysts
23
Last Close Price
20.1
CNY
Average target price
19.91
CNY
Spread / Average Target
-0.93%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -5.10% | 1.88B | |
| +10.07% | 381B | |
| +14.18% | 74.67B | |
| -16.59% | 62.59B | |
| +0.82% | 52.86B | |
| -12.40% | 36.11B | |
| +3.54% | 33.57B | |
| +7.92% | 17.29B | |
| +6.30% | 14.75B | |
| -8.65% | 10.82B |
- Stock Market
- Equities
- 600315 Stock
- Financials Shanghai Jahwa United Co., Ltd.
