JIANGXI HONGCHENG ENVIRONMENT CO.,LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 10.21 CNY | +0.20% |
|
-2.95% | +11.71% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 4,343 | 4,714 | 6,409 | 7,765 | 7,576 | 9,994 |
| Enterprise Value (EV) 1 | 6,223 | 6,171 | 8,838 | 11,262 | 11,896 | 15,426 |
| P/E ratio | 12.8 x | 9.79 x | 9.8 x | 11.5 x | 9.27 x | 10.9 x |
| Yield | 3.09% | 4.36% | 6.23% | 6.13% | 6.24% | 5.24% |
| Capitalization / Revenue | 0.99 x | 0.88 x | 0.97 x | 0.95 x | 0.97 x | 1.24 x |
| EV / Revenue | 1.42 x | 1.15 x | 1.34 x | 1.38 x | 1.53 x | 1.92 x |
| EV / EBITDA | 5.85 x | 4.74 x | 5.7 x | 5.68 x | 4.8 x | 5.58 x |
| EV / FCF | -18.1 x | -15.1 x | -14 x | -37.8 x | 33.1 x | -105 x |
| FCF Yield | -5.53% | -6.63% | -7.15% | -2.64% | 3.03% | -0.95% |
| Price to Book | 1.23 x | 1.19 x | 1.18 x | 1.32 x | 1.07 x | 1.3 x |
| Nbr of stocks (in thousands) | 789,594 | 789,594 | 948,038 | 952,814 | 1,090,112 | 1,093,403 |
| Reference price 2 | 5.500 | 5.970 | 6.760 | 8.150 | 6.950 | 9.140 |
| Announcement Date | 4/18/19 | 4/24/20 | 4/21/21 | 4/21/22 | 4/10/23 | 4/10/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 4,378 | 5,381 | 6,601 | 8,174 | 7,776 | 8,048 |
| EBITDA 1 | 1,064 | 1,302 | 1,550 | 1,981 | 2,480 | 2,767 |
| EBIT 1 | 655.8 | 823 | 1,046 | 1,345 | 1,531 | 1,757 |
| Operating Margin | 14.98% | 15.3% | 15.84% | 16.45% | 19.69% | 21.83% |
| Earnings before Tax (EBT) 1 | 541.1 | 726.5 | 964.1 | 1,198 | 1,300 | 1,477 |
| Net income 1 | 336 | 488.7 | 663.9 | 820 | 945.6 | 1,083 |
| Net margin | 7.68% | 9.08% | 10.06% | 10.03% | 12.16% | 13.45% |
| EPS 2 | 0.4300 | 0.6100 | 0.6900 | 0.7100 | 0.7500 | 0.8400 |
| Free Cash Flow 1 | -344 | -409.2 | -632.2 | -297.8 | 359.9 | -146.6 |
| FCF margin | -7.86% | -7.6% | -9.58% | -3.64% | 4.63% | -1.82% |
| FCF Conversion (EBITDA) | - | - | - | - | 14.51% | - |
| FCF Conversion (Net income) | - | - | - | - | 38.06% | - |
| Dividend per Share 2 | 0.1700 | 0.2600 | 0.4210 | 0.5000 | 0.4340 | 0.4790 |
| Announcement Date | 4/18/19 | 4/24/20 | 4/21/21 | 4/21/22 | 4/10/23 | 4/10/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 1,880 | 1,457 | 2,429 | 3,497 | 4,319 | 5,432 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.767 x | 1.119 x | 1.567 x | 1.765 x | 1.742 x | 1.963 x |
| Free Cash Flow 1 | -344 | -409 | -632 | -298 | 360 | -147 |
| ROE (net income / shareholders' equity) | 11.3% | 12.9% | 14% | 15.2% | 13.6% | 14.5% |
| ROA (Net income/ Total Assets) | 4.45% | 4.72% | 4.61% | 4.91% | 4.51% | 5% |
| Assets 1 | 7,555 | 10,364 | 14,388 | 16,686 | 20,971 | 21,638 |
| Book Value Per Share 2 | 4.470 | 5.010 | 5.730 | 6.180 | 6.520 | 7.020 |
| Cash Flow per Share 2 | 1.800 | 2.380 | 4.390 | 3.090 | 2.140 | 2.330 |
| Capex 1 | 1,592 | 1,188 | 2,287 | 1,909 | 1,623 | 1,872 |
| Capex / Sales | 36.35% | 22.07% | 34.65% | 23.35% | 20.87% | 23.26% |
| Announcement Date | 4/18/19 | 4/24/20 | 4/21/21 | 4/21/22 | 4/10/23 | 4/10/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +11.71% | 1.73B | |
| -10.23% | 3.37B | |
| +7.93% | 1.16B | |
| +13.26% | 1.06B | |
| -8.42% | 608M | |
| +14.04% | 588M | |
| -14.10% | 548M | |
| -18.13% | 534M | |
| +2.79% | 516M | |
| -15.15% | 499M |
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