JIANGSU HENGSHUN VINEGAR-INDUSTRY CO.,LTD |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8.24 CNY | +2.74% |
|
+3.39% | -10.53% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 11,949 | 22,205 | 15,837 | 12,223 | 10,158 | 9,088 | - |
| Enterprise Value (EV) 1 | 11,949 | 22,205 | 15,726 | 11,919 | 9,576 | 7,849 | 7,789 |
| P/E ratio | 36.8 x | 70.6 x | 134 x | 88.6 x | 113 x | 38.5 x | 31.7 x |
| Yield | 1.36% | 0.71% | 0.63% | 0.89% | 0.76% | 1.78% | 1.6% |
| Capitalization / Revenue | 6.52 x | 11 x | 8.36 x | 5.71 x | 4.82 x | 3.76 x | 3.37 x |
| EV / Revenue | 6.52 x | 11 x | 8.31 x | 5.57 x | 4.55 x | 3.24 x | 2.89 x |
| EV / EBITDA | 25.1 x | 48.3 x | 68.2 x | 47.9 x | 51 x | 22.4 x | 19.3 x |
| EV / FCF | - | 103,916,312 x | 85,071,945 x | - | - | - | - |
| FCF Yield | - | 0% | 0% | - | - | - | - |
| Price to Book | 5.31 x | 9.27 x | 7.37 x | 5.62 x | 3.1 x | 3.87 x | 3.48 x |
| Nbr of stocks (in thousands) | 1,002,956 | 1,002,956 | 992,934 | 992,934 | 1,102,934 | 1,102,934 | - |
| Reference price 2 | 11.91 | 22.14 | 15.95 | 12.31 | 9.210 | 8.240 | 8.240 |
| Announcement Date | 4/20/20 | 3/29/21 | 4/25/22 | 2/27/23 | 4/29/24 | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,832 | 2,014 | 1,893 | 2,139 | 2,106 | 2,419 | 2,696 |
| EBITDA 1 | 475.9 | 460.1 | 230.7 | 249 | 187.7 | 351 | 402.6 |
| EBIT 1 | 393.4 | 384.5 | 146.2 | 163.5 | 103 | 257.3 | 303.6 |
| Operating Margin | 21.47% | 19.09% | 7.72% | 7.65% | 4.89% | 10.64% | 11.26% |
| Earnings before Tax (EBT) 1 | 396.9 | 388.6 | 143.2 | 163.6 | 102.1 | 264.1 | 311.9 |
| Net income 1 | 324.6 | 314.8 | 118.9 | 138 | 86.9 | 241.5 | 296.4 |
| Net margin | 17.71% | 15.63% | 6.28% | 6.45% | 4.13% | 9.98% | 10.99% |
| EPS 2 | 0.3236 | 0.3138 | 0.1191 | 0.1390 | 0.0815 | 0.2138 | 0.2602 |
| Free Cash Flow | - | 213.7 | 184.9 | - | - | - | - |
| FCF margin | - | 10.61% | 9.76% | - | - | - | - |
| FCF Conversion (EBITDA) | - | 46.44% | 80.11% | - | - | - | - |
| FCF Conversion (Net income) | - | 67.89% | 155.45% | - | - | - | - |
| Dividend per Share 2 | 0.1617 | 0.1570 | 0.1010 | 0.1100 | 0.0700 | 0.1470 | 0.1319 |
| Announcement Date | 4/20/20 | 3/29/21 | 4/25/22 | 2/27/23 | 4/29/24 | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 953.4 | 324.1 | 534 | 572 | 611.2 | 1,183 | 498.4 | 457.4 | 612.9 | 526.4 | - | 498.6 | 468.5 | 460.4 | 560.6 | 515.8 | 627.9 | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | 14.63 | -20.66 | 92.47 | 62.83 | - | 33.9 | -25.67 | 85.89 | 61.46 | - | 21.44 | -65.76 | 64.18 | 46.08 | 42.39 | 51.61 | - |
| Operating Margin | - | 4.51% | -3.87% | 16.17% | 10.28% | - | 6.8% | -5.61% | 14.01% | 11.68% | - | 4.3% | -14.04% | 13.94% | 8.22% | 8.22% | 8.22% | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | 50.67 | 127.9 | - | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | 8.29% | 10.81% | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS 2 | - | 0.007500 | -0.0100 | 0.0778 | 0.0500 | - | 0.0300 | -0.0200 | 0.0734 | 0.0466 | 0.1200 | 0.0100 | -0.0500 | 0.0501 | 0.0412 | 0.0379 | 0.0232 | - |
| Dividend per Share 2 | - | - | 0.1010 | - | - | - | - | - | - | - | - | - | - | 0.0295 | 0.0253 | 0.0253 | 0.0253 | - |
| Announcement Date | 8/17/20 | 10/29/21 | 4/25/22 | 4/25/22 | 8/22/22 | 8/22/22 | 10/27/22 | 2/27/23 | 4/27/23 | 8/28/23 | 8/28/23 | 10/29/23 | 4/29/24 | 4/29/24 | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | - | - | 111 | 304 | 582 | 1,531 | 1,644 | 1,282 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | 214 | 185 | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 14.9% | 13.5% | 5.13% | 6.34% | 2.98% | 4.25% | 8.31% | 5.76% |
| ROA (Net income/ Total Assets) | 11.1% | 10.1% | 3.69% | 4.47% | - | 6.08% | 6.29% | - |
| Assets 1 | 2,929 | 3,106 | 3,225 | 3,090 | - | 3,972 | 4,716 | - |
| Book Value Per Share 2 | 2.250 | 2.390 | 2.160 | 2.190 | 2.970 | 2.990 | 2.790 | 3.160 |
| Cash Flow per Share 2 | 0.4300 | 0.3600 | 0.3200 | 0.1900 | 0.2200 | 0.2900 | 0.3000 | - |
| Capex 1 | 74 | 150 | 138 | 187 | 331 | 169 | 182 | 304 |
| Capex / Sales | 4.04% | 7.47% | 7.28% | 8.73% | 15.71% | 7.53% | 6.82% | 11.96% |
| Announcement Date | 4/20/20 | 3/29/21 | 4/25/22 | 2/27/23 | 4/29/24 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
8.24
CNY
Average target price
8.625
CNY
Spread / Average Target
+4.67%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -10.53% | 1.22B | |
| +4.27% | 29.77B | |
| +10.35% | 11.83B | |
| +14.40% | 5.15B | |
| +13.93% | 4.21B | |
| -15.09% | 3.48B | |
| -2.50% | 3.14B | |
| +4.91% | 3.11B | |
| +28.40% | 2.79B | |
| -6.93% | 2.33B |
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- Financials Jiangsu Hengshun Vinegar-Industry Co.,Ltd
