Financials Guangdong Jinming Machinery Co., Ltd.

Equities

300281

CNE100001B31

Industrial Machinery & Equipment

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
4.53 CNY +4.86% Intraday chart for Guangdong Jinming Machinery Co., Ltd. +11.85% -24.37%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,885 2,522 2,560 2,589 2,053 2,509
Enterprise Value (EV) 1 1,645 2,195 2,087 2,249 1,770 2,153
P/E ratio 94.9 x 100 x 67.9 x 65.3 x -1,289 x 374 x
Yield 0.33% 0.25% 0.46% 0.65% - 0.33%
Capitalization / Revenue 5.05 x 8.9 x 6.3 x 4.95 x 4.35 x 5.52 x
EV / Revenue 4.41 x 7.74 x 5.13 x 4.3 x 3.75 x 4.74 x
EV / EBITDA 53.9 x 80.5 x 65.8 x 44.1 x 172 x 128 x
EV / FCF -33.7 x -54 x 21.3 x 42.8 x -12.1 x 18.2 x
FCF Yield -2.97% -1.85% 4.7% 2.33% -8.29% 5.5%
Price to Book 1.56 x 2.05 x 2.03 x 2.01 x 1.62 x 1.97 x
Nbr of stocks (in thousands) 418,924 418,924 418,924 418,924 418,924 418,924
Reference price 2 4.500 6.020 6.110 6.180 4.900 5.990
Announcement Date 4/18/19 4/20/20 3/30/21 3/4/22 3/16/23 3/19/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 373.4 283.5 406.5 523.3 472.4 454.5
EBITDA 1 30.52 27.27 31.73 50.99 10.27 16.86
EBIT 1 4.808 1.876 12.54 21.2 -22.47 -15.25
Operating Margin 1.29% 0.66% 3.09% 4.05% -4.76% -3.35%
Earnings before Tax (EBT) 1 22.2 34.69 39.95 45.62 -4.644 4.227
Net income 1 19.86 24.59 36.83 39.61 -1.579 6.716
Net margin 5.32% 8.67% 9.06% 7.57% -0.33% 1.48%
EPS 2 0.0474 0.0600 0.0900 0.0946 -0.003800 0.0160
Free Cash Flow 1 -48.82 -40.68 98 52.51 -146.7 118.4
FCF margin -13.07% -14.35% 24.11% 10.04% -31.05% 26.05%
FCF Conversion (EBITDA) - - 308.89% 102.98% - 701.95%
FCF Conversion (Net income) - - 266.07% 132.57% - 1,762.68%
Dividend per Share 2 0.0150 0.0150 0.0280 0.0400 - 0.0200
Announcement Date 4/18/19 4/20/20 3/30/21 3/4/22 3/16/23 3/19/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 240 327 472 340 283 357
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -48.8 -40.7 98 52.5 -147 118
ROE (net income / shareholders' equity) 1.65% 2.02% 2.96% 3.11% -0.12% 0.53%
ROA (Net income/ Total Assets) 0.2% 0.08% 0.53% 0.91% -0.95% -0.64%
Assets 1 9,917 31,127 6,888 4,349 166.5 -1,050
Book Value Per Share 2 2.890 2.930 3.000 3.070 3.030 3.050
Cash Flow per Share 2 0.3800 0.2800 0.6100 0.4000 0.1100 0.0600
Capex 1 89.3 85.5 34 40.8 30.7 33.5
Capex / Sales 23.92% 30.15% 8.37% 7.8% 6.5% 7.37%
Announcement Date 4/18/19 4/20/20 3/30/21 3/4/22 3/16/23 3/19/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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