Financials Yantai Jereh Oilfield Services Group Co., Ltd.

Equities

002353

CNE100000L55

Oil Related Services and Equipment

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
31.45 CNY -1.47% Intraday chart for Yantai Jereh Oilfield Services Group Co., Ltd. -8.09% +11.88%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 35,402 33,416 38,190 28,576 28,620 32,111 - -
Enterprise Value (EV) 1 34,606 32,197 36,496 26,879 27,429 31,177 30,282 28,466
P/E ratio 26 x 19.8 x 24.1 x 12.3 x 11.7 x 10.6 x 9 x 8.8 x
Yield 0.43% 0.51% 0.45% 1.18% 1.74% 1.51% 1.8% 2.23%
Capitalization / Revenue 5.11 x 4.03 x 4.35 x 2.5 x 2.06 x 2.08 x 1.81 x 1.71 x
EV / Revenue 5 x 3.88 x 4.16 x 2.36 x 1.97 x 2.02 x 1.7 x 1.51 x
EV / EBITDA 17.5 x 13.7 x 16.2 x 8.82 x 7.7 x 7.8 x 6.48 x 5.87 x
EV / FCF -124 x -139 x 81.5 x -51.8 x - 35.2 x -26.8 x -
FCF Yield -0.81% -0.72% 1.23% -1.93% - 2.84% -3.74% -
Price to Book 3.62 x 3.02 x 3.07 x 1.66 x 1.48 x 1.49 x 1.29 x 1.17 x
Nbr of stocks (in thousands) 957,854 954,757 954,757 1,023,856 1,018,155 1,021,016 - -
Reference price 2 36.96 35.00 40.00 27.91 28.11 31.45 31.45 31.45
Announcement Date 2/14/20 2/26/21 4/14/22 3/27/23 2/2/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 6,925 8,295 8,776 11,409 13,912 15,409 17,767 18,822
EBITDA 1 1,981 2,348 2,247 3,049 3,561 3,995 4,671 4,851
EBIT 1 1,660 2,034 1,833 2,577 2,932 3,256 4,194 4,351
Operating Margin 23.97% 24.52% 20.88% 22.59% 21.07% 21.13% 23.6% 23.12%
Earnings before Tax (EBT) 1 1,618 2,017 1,885 2,613 2,930 3,566 4,170 4,377
Net income 1 1,361 1,691 1,586 2,245 2,454 3,004 3,511 3,656
Net margin 19.65% 20.39% 18.07% 19.68% 17.64% 19.49% 19.76% 19.43%
EPS 2 1.420 1.770 1.660 2.270 2.410 2.957 3.496 3.573
Free Cash Flow 1 -278.6 -231.7 447.7 -519 - 886 -1,132 -
FCF margin -4.02% -2.79% 5.1% -4.55% - 5.75% -6.37% -
FCF Conversion (EBITDA) - - 19.93% - - 22.18% - -
FCF Conversion (Net income) - - 28.23% - - 29.49% - -
Dividend per Share 2 0.1600 0.1800 0.1800 0.3300 0.4900 0.4739 0.5666 0.7018
Announcement Date 2/14/20 2/26/21 4/14/22 3/27/23 2/2/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 - 3,248 - - - - - - 3,140 3,336 5,156 2,131 3,747 3,498 5,886 - -
EBITDA - - - - - - - - - - - - - - - - -
EBIT - 501.4 - 917.6 - 612.7 820 - 844.4 636.3 1,028 - - - - - -
Operating Margin - 15.44% - - - - - - 26.89% 19.08% 19.94% - - - - - -
Earnings before Tax (EBT) - 534.6 - - - - 828.1 - - - - - - - - - -
Net income 1 688.7 440 218.1 764.7 982.8 512.5 749.7 - 691.8 520.8 890.5 - 851.3 851.3 848 - -
Net margin - 13.55% - - - - - - 22.03% 15.61% 17.27% - 22.72% 24.34% 14.41% - -
EPS 2 0.7200 0.4600 0.2300 0.8000 - 0.5400 0.7000 0.3400 0.6800 0.5200 0.8700 0.3700 0.8315 0.8315 0.8282 - -
Dividend per Share 2 - 0.1800 - - - - 0.3300 - - - - - - - 0.5543 - -
Announcement Date 8/10/20 4/14/22 4/26/22 8/9/22 8/9/22 10/29/22 3/27/23 4/28/23 8/10/23 10/27/23 2/2/24 4/25/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 796 1,220 1,695 1,697 1,191 934 1,829 3,644
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 -279 -232 448 -519 - 886 -1,132 -
ROE (net income / shareholders' equity) 15% 16.2% 13.5% 15.1% 13.5% 14.1% 14.6% 13.6%
ROA (Net income/ Total Assets) 9.57% 9.57% 8.27% 9.21% 8.06% 8.18% 8.46% 9.15%
Assets 1 14,218 17,676 19,169 24,377 30,444 36,742 41,512 39,961
Book Value Per Share 2 10.20 11.60 13.00 16.80 19.00 21.20 24.40 26.80
Cash Flow per Share 2 0.2400 0.3300 0.8400 0.9800 1.020 2.480 2.640 3.330
Capex 1 512 546 361 1,527 1,709 643 626 879
Capex / Sales 7.39% 6.59% 4.11% 13.38% 12.28% 4.17% 3.52% 4.67%
Announcement Date 2/14/20 2/26/21 4/14/22 3/27/23 2/2/24 - - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
16
Last Close Price
31.45 CNY
Average target price
40.47 CNY
Spread / Average Target
+28.69%
Consensus
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