Financials Zhejiang Development Group Co.,Ltd

Equities

000906

CNE000000YS8

Iron & Steel

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
7.69 CNY +1.45% Intraday chart for Zhejiang Development Group Co.,Ltd +1.59% +5.20%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2024 2025 2026
Capitalization 1 3,974 4,450 7,340 6,201 5,379 - -
Enterprise Value (EV) 1 3,974 4,450 7,340 6,201 5,379 5,379 5,379
P/E ratio 8.07 x 8.79 x 9.83 x 6.63 x 5.78 x 4.75 x 4.16 x
Yield - - - - - - -
Capitalization / Revenue - 0.04 x 0.04 x 0.03 x 0.03 x 0.02 x 0.02 x
EV / Revenue - 0.04 x 0.04 x 0.03 x 0.03 x 0.02 x 0.02 x
EV / EBITDA - 5.07 x 5.51 x 3.5 x 2.31 x 1.91 x 1.69 x
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Price to Book - 1.59 x 2.13 x 1.45 x 0.82 x 0.72 x 0.64 x
Nbr of stocks (in thousands) 674,658 666,183 660,688 688,233 699,492 - -
Reference price 2 5.890 6.680 11.11 9.010 7.690 7.690 7.690
Announcement Date 4/28/20 1/14/21 1/10/22 1/11/23 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2024 2025 2026
Net sales 1 - 108,977 178,270 193,605 210,867 218,736 226,262
EBITDA 1 - 877.6 1,333 1,770 2,325 2,823 3,190
EBIT 1 - 819.6 1,268 1,697 1,964 2,397 2,740
Operating Margin - 0.75% 0.71% 0.88% 0.93% 1.1% 1.21%
Earnings before Tax (EBT) 1 - 822.4 1,286 1,720 1,999 2,437 2,786
Net income 1 536.3 555.1 819.1 1,003 927.6 1,131 1,293
Net margin - 0.51% 0.46% 0.52% 0.44% 0.52% 0.57%
EPS 2 0.7300 0.7600 1.130 1.360 1.330 1.620 1.850
Free Cash Flow - - - - - - -
FCF margin - - - - - - -
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share - - - - - - -
Announcement Date 4/28/20 1/14/21 1/10/22 1/11/23 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1 2022 Q2 2022 Q3
Net sales - - -
EBITDA - - -
EBIT - - -
Operating Margin - - -
Earnings before Tax (EBT) - - -
Net income 1 166.8 300.1 212.6
Net margin - - -
EPS - - -
Dividend per Share - - -
Announcement Date 4/21/22 7/21/22 10/26/22
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2024 2025 2026
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow - - - - - - -
ROE (net income / shareholders' equity) - 19.2% 24.7% 24.5% 14% 14.9% 14.9%
ROA (Net income/ Total Assets) - - - - - - -
Assets 1 - - - - - - -
Book Value Per Share 2 - 4.210 5.220 6.220 9.410 10.60 12.00
Cash Flow per Share 2 - 1.730 3.620 -5.540 2.150 -1.560 4.060
Capex 1 - 255 201 509 296 84.6 54.7
Capex / Sales - 0.23% 0.11% 0.26% 0.14% 0.04% 0.02%
Announcement Date 4/28/20 1/14/21 1/10/22 1/11/23 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
7.69 CNY
Average target price
9.3 CNY
Spread / Average Target
+20.94%
Consensus

Annual profits - Rate of surprise

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