Financials Zhejiang Jiecang Linear Motion Technology Co.,Ltd.

Equities

603583

CNE100003F68

Electrical Components & Equipment

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
21.46 CNY -2.98% Intraday chart for Zhejiang Jiecang Linear Motion Technology Co.,Ltd. -2.68% +7.14%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 7,904 21,075 18,954 9,821 7,703 8,253 - -
Enterprise Value (EV) 1 7,904 21,075 18,179 9,275 7,118 8,460 8,377 7,429
P/E ratio 27.7 x 48.3 x 69.9 x 29.7 x 37.1 x 21.3 x 16.7 x 12.7 x
Yield 1.12% 0.52% 0.44% 1.02% 0.85% 1.5% 1.91% 2.49%
Capitalization / Revenue 5.61 x 11.3 x 7.19 x 3.27 x 2.54 x 2.28 x 1.87 x 1.52 x
EV / Revenue 5.61 x 11.3 x 6.89 x 3.08 x 2.35 x 2.34 x 1.9 x 1.37 x
EV / EBITDA 21.4 x 40 x 57.5 x 16.9 x 16.3 x 13 x 10.6 x 7.57 x
EV / FCF - - -38,888,234 x - - - - -
FCF Yield - - -0% - - - - -
Price to Book 4.47 x 5.9 x 5.1 x 2.47 x 1.86 x 1.86 x 1.73 x 1.59 x
Nbr of stocks (in thousands) 347,903 381,949 381,916 384,227 384,595 384,595 - -
Reference price 2 22.72 55.18 49.63 25.56 20.03 21.46 21.46 21.46
Announcement Date 4/20/20 4/19/21 4/25/22 4/24/23 4/23/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,408 1,868 2,637 3,007 3,034 3,622 4,408 5,421
EBITDA 1 370 526.8 316 549.7 436 649.1 793.6 981.7
EBIT 1 325.9 474.7 280.6 365.9 220.1 409.3 545.9 734.2
Operating Margin 23.15% 25.41% 10.64% 12.17% 7.25% 11.3% 12.38% 13.54%
Earnings before Tax (EBT) 1 332.2 471.7 281.3 365 219.3 432.4 553.4 751.2
Net income 1 283.6 405.4 270.5 327.8 206 387.7 495.5 648
Net margin 20.15% 21.7% 10.26% 10.9% 6.79% 10.7% 11.24% 11.95%
EPS 2 0.8214 1.143 0.7100 0.8600 0.5400 1.009 1.289 1.685
Free Cash Flow - - -467.5 - - - - -
FCF margin - - -17.73% - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.2551 0.2857 0.2200 0.2600 0.1700 0.3219 0.4107 0.5349
Announcement Date 4/20/20 4/19/21 4/25/22 4/24/23 4/23/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 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 1 872 - 732.1 694 872.3 535.4 767.9 798.1 932.6 - 721.4 901.7 1,275 - -
EBITDA - - - - - - - - - - - - - - -
EBIT 1 38.13 - 122.8 106.3 45.85 - 51.82 111.9 30.76 - 78.96 98.7 163.1 - -
Operating Margin 4.37% - 16.78% 15.31% 5.26% - 6.75% 14.02% 3.3% - 10.94% 10.94% 12.8% - -
Earnings before Tax (EBT) 1 - - - - 44.87 - 75.33 111.9 29.76 - 82.32 102.1 168.6 - -
Net income 1 - - - - 41.25 - 71.96 103.2 17.53 69.37 72.31 87.79 150.7 - -
Net margin - - - - 4.73% - 9.37% 12.92% 1.88% - 10.02% 9.74% 11.82% - -
EPS 2 0.1300 - 0.2900 0.2600 0.1100 - 0.1900 0.2700 0.0500 0.1800 0.1880 0.2282 0.3919 - -
Dividend per Share 2 0.2200 - - - - - - - - - - - 0.3138 - -
Announcement Date 4/25/22 5/29/22 8/29/22 10/24/22 4/24/23 4/24/23 8/24/23 10/26/23 4/23/24 4/23/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - 207 124 -
Net Cash position 1 - - 776 546 585 - - 825
Leverage (Debt/EBITDA) - - - - - 0.3189 x 0.1559 x -
Free Cash Flow - - -467 - - - - -
ROE (net income / shareholders' equity) 17% 17.6% 7.43% 8.51% 5.07% 9.06% 10.8% 13.1%
ROA (Net income/ Total Assets) 13.9% 12.7% 5.05% - - 6.3% 8% -
Assets 1 2,045 3,193 5,360 - - 6,154 6,194 -
Book Value Per Share 2 5.080 9.360 9.730 10.30 10.70 11.50 12.40 13.50
Cash Flow per Share 2 0.6400 1.300 0.3600 0.8300 1.760 0.8800 1.430 -
Capex 1 170 318 606 402 259 313 307 379
Capex / Sales 12.07% 17.04% 22.98% 13.36% 8.52% 8.65% 6.96% 7%
Announcement Date 4/20/20 4/19/21 4/25/22 4/24/23 4/23/24 - - -
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
2
Last Close Price
21.46 CNY
Average target price
25.35 CNY
Spread / Average Target
+18.13%
Consensus
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