Financials Zhejiang Jianye Chemical Co., Ltd.

Equities

603948

CNE100003R49

Commodity Chemicals

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
20.65 CNY +1.08% Intraday chart for Zhejiang Jianye Chemical Co., Ltd. +1.52% -9.19%

Valuation

Fiscal Period: December 2020 2021 2022 2023
Capitalization 1 3,077 4,464 3,538 3,695
Enterprise Value (EV) 1 2,372 3,753 2,510 2,716
P/E ratio 23.5 x 15.4 x 8.92 x 11.5 x
Yield 2.34% 1.97% 8.82% 4.4%
Capitalization / Revenue 1.78 x 1.59 x 1.27 x 1.39 x
EV / Revenue 1.37 x 1.34 x 0.9 x 1.03 x
EV / EBITDA 14.7 x 10.2 x 5.06 x 6.33 x
EV / FCF 38.8 x 200 x 7.48 x 16.5 x
FCF Yield 2.58% 0.5% 13.4% 6.08%
Price to Book 2.19 x 2.68 x 1.79 x 1.83 x
Nbr of stocks (in thousands) 160,000 160,000 162,530 162,495
Reference price 2 19.23 27.90 21.77 22.74
Announcement Date 4/28/21 4/21/22 4/26/23 3/8/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,832 1,676 1,729 2,799 2,796 2,650
EBITDA 1 227.9 186.9 161.6 367.7 496.2 429.4
EBIT 1 186.2 142.8 114.2 309.1 422.3 355.8
Operating Margin 10.16% 8.52% 6.6% 11.04% 15.1% 13.43%
Earnings before Tax (EBT) 1 225.1 164.2 144.8 329.5 454.7 385.9
Net income 1 197.6 142.5 125.7 290 390.2 317.7
Net margin 10.78% 8.51% 7.27% 10.36% 13.96% 11.99%
EPS 2 1.650 1.190 0.8200 1.810 2.440 1.980
Free Cash Flow 1 234.7 110.5 61.13 18.74 335.4 165.1
FCF margin 12.81% 6.59% 3.54% 0.67% 12% 6.23%
FCF Conversion (EBITDA) 102.99% 59.13% 37.84% 5.1% 67.59% 38.44%
FCF Conversion (Net income) 118.83% 77.52% 48.64% 6.46% 85.94% 51.96%
Dividend per Share - - 0.4500 0.5500 1.920 1.000
Announcement Date 2/11/20 2/11/20 4/28/21 4/21/22 4/26/23 3/8/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 138 241 705 711 1,028 979
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 235 110 61.1 18.7 335 165
ROE (net income / shareholders' equity) 32.4% 18.9% 11.3% 18.9% 21.4% 15.9%
ROA (Net income/ Total Assets) 10.6% 8.14% 4.75% 9.23% 10.6% 8.35%
Assets 1 1,862 1,751 2,648 3,143 3,665 3,804
Book Value Per Share 2 5.700 6.880 8.800 10.40 12.20 12.40
Cash Flow per Share 2 2.160 2.340 4.400 4.450 6.340 6.030
Capex 1 25 11.8 18.6 105 93.3 69.8
Capex / Sales 1.37% 0.7% 1.08% 3.75% 3.34% 2.63%
Announcement Date 2/11/20 2/11/20 4/28/21 4/21/22 4/26/23 3/8/24
1CNY in Million2CNY
Estimates
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