SHENYANG JINBEI AUTOMOTIVE COMPANY LIMITED Financials Shenyang Jinbei Automotive Company Limited
Equities
600609
CNE0000004N7
Auto, Truck & Motorcycle Parts
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.67 CNY | -.--% |
|
+7.60% | -3.91% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 3,387 | 4,327 | 7,513 | 6,989 | 5,481 | 6,372 |
| Enterprise Value (EV) 1 | 3,714 | 4,125 | 6,657 | 6,553 | 4,993 | 5,250 |
| P/E ratio | 41.9 x | 70.7 x | -15.1 x | 35.5 x | 38 x | 54 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 0.55 x | 0.77 x | 1.38 x | 1.35 x | 0.97 x | 1.24 x |
| EV / Revenue | 0.6 x | 0.74 x | 1.22 x | 1.26 x | 0.89 x | 1.02 x |
| EV / EBITDA | 8.31 x | 8.27 x | 17.5 x | 11.9 x | 10.3 x | 10.2 x |
| EV / FCF | 2.59 x | 10.2 x | -311 x | 11.8 x | 82.5 x | 6.59 x |
| FCF Yield | 38.6% | 9.84% | -0.32% | 8.5% | 1.21% | 15.2% |
| Price to Book | 9.52 x | 10.3 x | 13.3 x | 8.95 x | 5.88 x | 6.81 x |
| Nbr of stocks (in thousands) | 1,092,667 | 1,092,667 | 1,311,201 | 1,311,201 | 1,311,201 | 1,311,201 |
| Reference price 2 | 3.100 | 3.960 | 5.730 | 5.330 | 4.180 | 4.860 |
| Announcement Date | 3/30/19 | 4/29/20 | 3/30/21 | 4/20/22 | 4/10/23 | 4/29/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 6,146 | 5,600 | 5,457 | 5,191 | 5,631 | 5,140 |
| EBITDA 1 | 447.2 | 498.6 | 381.5 | 552.9 | 486.8 | 514.4 |
| EBIT 1 | 335.4 | 380.5 | 277.2 | 451 | 379.1 | 394.8 |
| Operating Margin | 5.46% | 6.8% | 5.08% | 8.69% | 6.73% | 7.68% |
| Earnings before Tax (EBT) 1 | 353.1 | 343.1 | -220.5 | 387.7 | 407.7 | 312.1 |
| Net income 1 | 80.76 | 60.66 | -454.8 | 194.9 | 149.9 | 121.6 |
| Net margin | 1.31% | 1.08% | -8.33% | 3.75% | 2.66% | 2.37% |
| EPS 2 | 0.0740 | 0.0560 | -0.3800 | 0.1500 | 0.1100 | 0.0900 |
| Free Cash Flow 1 | 1,433 | 405.7 | -21.39 | 557.2 | 60.49 | 796.3 |
| FCF margin | 23.31% | 7.25% | -0.39% | 10.74% | 1.07% | 15.49% |
| FCF Conversion (EBITDA) | 320.36% | 81.38% | - | 100.78% | 12.43% | 154.8% |
| FCF Conversion (Net income) | 1,773.94% | 668.92% | - | 285.92% | 40.35% | 654.86% |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 3/30/19 | 4/29/20 | 3/30/21 | 4/20/22 | 4/10/23 | 4/29/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 327 | - | - | - | - | - |
| Net Cash position 1 | - | 202 | 856 | 435 | 488 | 1,122 |
| Leverage (Debt/EBITDA) | 0.7314 x | - | - | - | - | - |
| Free Cash Flow 1 | 1,433 | 406 | -21.4 | 557 | 60.5 | 796 |
| ROE (net income / shareholders' equity) | 33% | 27% | -27% | 33.5% | 30.7% | 22.4% |
| ROA (Net income/ Total Assets) | 3.6% | 4.06% | 3.17% | 6.05% | 5.36% | 5.85% |
| Assets 1 | 2,243 | 1,494 | -14,340 | 3,224 | 2,795 | 2,079 |
| Book Value Per Share 2 | 0.3300 | 0.3900 | 0.4300 | 0.6000 | 0.7100 | 0.7100 |
| Cash Flow per Share 2 | 1.860 | 2.400 | 1.390 | 1.170 | 1.020 | 1.120 |
| Capex 1 | 121 | 63.5 | 116 | 128 | 187 | 67.4 |
| Capex / Sales | 1.96% | 1.13% | 2.12% | 2.47% | 3.31% | 1.31% |
| Announcement Date | 3/30/19 | 4/29/20 | 3/30/21 | 4/20/22 | 4/10/23 | 4/29/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -3.91% | 846M | |
| +1.71% | 5.27B | |
| +14.39% | 2.99B | |
| -17.85% | 2.81B | |
| +2.99% | 2.62B | |
| -1.48% | 2.27B | |
| +28.76% | 1.85B | |
| +45.03% | 1.67B | |
| +6.99% | 1.54B | |
| -23.54% | 1.44B |
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- Financials Shenyang Jinbei Automotive Company Limited
