Financials Zhejiang Jiemei Electronic And Technology Co., Ltd.

Equities

002859

CNE100002JM7

Electronic Equipment & Parts

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
20.2 CNY +2.80% Intraday chart for Zhejiang Jiemei Electronic And Technology Co., Ltd. +2.59% -19.04%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 8,946 10,423 15,055 11,425 10,666 8,695 - -
Enterprise Value (EV) 1 8,946 10,423 15,055 11,425 10,666 8,695 8,695 8,695
P/E ratio 75.2 x 35.7 x 40.4 x 68.9 x 42.3 x 24.2 x 17 x 14.2 x
Yield 0.81% 0.79% 0.54% 0.35% 0.8% 2.25% 2.97% -
Capitalization / Revenue 9.43 x 7.31 x 8.09 x 8.78 x 6.78 x 4.19 x 2.91 x 2.59 x
EV / Revenue 9.43 x 7.31 x 8.09 x 8.78 x 6.78 x 4.19 x 2.91 x 2.59 x
EV / EBITDA 46.7 x 26.4 x 29.2 x 39.4 x 25.3 x 14.9 x 11.6 x 9.5 x
EV / FCF 71.9 x - -36.7 x -63.9 x -31.1 x -58 x 111 x -
FCF Yield 1.39% - -2.72% -1.56% -3.22% -1.73% 0.9% -
Price to Book 5.65 x 5.85 x 7.52 x 4.33 x 3.76 x 2.7 x 2.38 x 2.09 x
Nbr of stocks (in thousands) 413,552 411,329 404,696 404,697 427,492 430,427 - -
Reference price 2 21.63 25.34 37.20 28.23 24.95 20.20 20.20 20.20
Announcement Date 2/28/20 3/29/21 4/11/22 4/11/23 4/15/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 948.5 1,426 1,861 1,301 1,572 2,076 2,985 3,355
EBITDA 1 191.5 394.7 515.3 289.9 421.6 583 751 915.3
EBIT 1 132.8 329.2 439 178 286.3 380.1 567.2 677.4
Operating Margin 14% 23.09% 23.59% 13.68% 18.21% 18.31% 19% 20.19%
Earnings before Tax (EBT) 1 132.2 329.1 438.3 176.3 284.8 382 570.4 680.5
Net income 1 118 289.3 389 165.9 255.6 362.3 513.5 616.8
Net margin 12.44% 20.29% 20.9% 12.75% 16.26% 17.45% 17.2% 18.38%
EPS 2 0.2875 0.7100 0.9200 0.4100 0.5900 0.8350 1.187 1.424
Free Cash Flow 1 124.4 - -409.9 -178.7 -342.9 -150 78 -
FCF margin 13.11% - -22.02% -13.73% -21.81% -7.23% 2.61% -
FCF Conversion (EBITDA) 64.95% - - - - - 10.39% -
FCF Conversion (Net income) 105.46% - - - - - 15.19% -
Dividend per Share 2 0.1750 0.2000 0.2000 0.1000 0.2000 0.4550 0.6000 -
Announcement Date 2/28/20 3/29/21 4/11/22 4/11/23 4/15/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 124 - -410 -179 -343 -150 78 -
ROE (net income / shareholders' equity) 7.48% 17% 19.4% 7.4% 8.88% 11.2% 14.1% 14.7%
ROA (Net income/ Total Assets) 5.59% 10.8% 10.7% 3.75% - 6.61% 8.81% 9.75%
Assets 1 2,109 2,675 3,642 4,424 - 5,481 5,831 6,324
Book Value Per Share 2 3.830 4.330 4.950 6.520 6.640 7.490 8.490 9.660
Cash Flow per Share 2 0.8200 0.6100 1.020 0.8600 0.5500 0.9400 1.180 1.470
Capex 1 213 - 826 530 582 204 400 210
Capex / Sales 22.42% - 44.4% 40.75% 37% 9.81% 13.41% 6.27%
Announcement Date 2/28/20 3/29/21 4/11/22 4/11/23 4/15/24 - - -
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
9
Last Close Price
20.2 CNY
Average target price
28 CNY
Spread / Average Target
+38.61%
Consensus

Annual profits - Rate of surprise

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