Financials Zhejiang Jianfeng Group Co., Ltd.

Equities

600668

CNE000000B18

Construction Materials

End-of-day quote Shanghai S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
8.8 CNY -2.55% Intraday chart for Zhejiang Jianfeng Group Co., Ltd. +1.85% -20.36%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 4,060 5,437 4,810 6,290 4,384 3,802
Enterprise Value (EV) 1 4,061 5,308 4,662 6,107 4,493 4,143
P/E ratio 6.9 x 7.5 x 8.23 x 6.81 x 15.2 x 40.6 x
Yield 2.54% 1.9% 2.86% 2.74% 1.18% -
Capitalization / Revenue 1.21 x 1.53 x 1.48 x 1.65 x 1.23 x 1.31 x
EV / Revenue 1.21 x 1.5 x 1.44 x 1.6 x 1.26 x 1.43 x
EV / EBITDA 5.25 x 6.61 x 6.77 x 8.59 x 8.9 x 12.2 x
EV / FCF 10.6 x 22 x -58.8 x 37 x 170 x 2,479 x
FCF Yield 9.45% 4.55% -1.7% 2.71% 0.59% 0.04%
Price to Book 1.28 x 1.43 x 1.08 x 1.21 x 0.85 x 0.74 x
Nbr of stocks (in thousands) 344,084 344,084 344,084 344,084 344,084 344,084
Reference price 2 11.80 15.80 13.98 18.28 12.74 11.05
Announcement Date 4/29/19 4/27/20 4/26/21 4/18/22 4/17/23 4/29/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,362 3,548 3,247 3,805 3,560 2,893
EBITDA 1 772.9 802.9 688.8 710.6 504.9 340.6
EBIT 1 656.6 675.8 546.2 535.6 308.5 118.4
Operating Margin 19.53% 19.05% 16.82% 14.08% 8.67% 4.09%
Earnings before Tax (EBT) 1 844.7 954.3 755 1,224 437.8 132.2
Net income 1 588.5 724.7 584.4 924.1 287.7 93.76
Net margin 17.5% 20.43% 18% 24.29% 8.08% 3.24%
EPS 2 1.710 2.106 1.698 2.686 0.8362 0.2725
Free Cash Flow 1 383.7 241.3 -79.21 165.2 26.43 1.671
FCF margin 11.41% 6.8% -2.44% 4.34% 0.74% 0.06%
FCF Conversion (EBITDA) 49.64% 30.05% - 23.25% 5.23% 0.49%
FCF Conversion (Net income) 65.19% 33.3% - 17.88% 9.18% 1.78%
Dividend per Share 2 0.3000 0.3000 0.4000 0.5000 0.1500 -
Announcement Date 4/29/19 4/27/20 4/26/21 4/18/22 4/17/23 4/29/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 0.91 - - - 109 341
Net Cash position 1 - 129 149 183 - -
Leverage (Debt/EBITDA) 0.001179 x - - - 0.2161 x 1.002 x
Free Cash Flow 1 384 241 -79.2 165 26.4 1.67
ROE (net income / shareholders' equity) 21.4% 21.4% 14.7% 19.8% 6.01% 1.6%
ROA (Net income/ Total Assets) 9.04% 8.14% 5.78% 5.01% 2.69% 1.03%
Assets 1 6,508 8,901 10,116 18,451 10,703 9,101
Book Value Per Share 2 9.190 11.00 12.90 15.10 15.10 14.80
Cash Flow per Share 2 0.9000 0.8000 0.6700 0.8600 1.080 0.6100
Capex 1 115 347 559 304 456 237
Capex / Sales 3.42% 9.78% 17.21% 7.99% 12.82% 8.21%
Announcement Date 4/29/19 4/27/20 4/26/21 4/18/22 4/17/23 4/29/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

  1. Stock Market
  2. Equities
  3. 600668 Stock
  4. Financials Zhejiang Jianfeng Group Co., Ltd.