JINGRUI HOLDINGS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.142 HKD | +238.10% |
|
+407.14% | +264.10% |
| May. 02 | Jingrui Logs 167 Million Yuan in April Contracted Sales | MT |
| Apr. 02 | Jingrui Logs 170 Million Yuan in March Contracted Sales | MT |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,746 | 3,205 | 2,959 | 2,155 | 771.4 | 54.18 |
| Enterprise Value (EV) 1 | 10,717 | 12,459 | 15,046 | 22,197 | 20,401 | 16,932 |
| P/E ratio | 2.57 x | 3.56 x | 2.85 x | 17.6 x | -0.18 x | -0.03 x |
| Yield | 13.3% | 9.31% | 10.9% | - | - | - |
| Capitalization / Revenue | 0.24 x | 0.24 x | 0.23 x | 0.16 x | 0.1 x | 0.01 x |
| EV / Revenue | 0.95 x | 0.94 x | 1.18 x | 1.64 x | 2.58 x | 2.32 x |
| EV / EBITDA | 7.12 x | 7.34 x | 9.93 x | 19.2 x | -15.1 x | -96.5 x |
| EV / FCF | -7.23 x | 11.4 x | -3.44 x | -2.34 x | 5.25 x | 9.22 x |
| FCF Yield | -13.8% | 8.75% | -29.1% | -42.8% | 19.1% | 10.8% |
| Price to Book | 0.59 x | 0.61 x | 0.44 x | 0.36 x | 0.43 x | 0.36 x |
| Nbr of stocks (in thousands) | 1,389,983 | 1,389,983 | 1,528,602 | 1,528,602 | 1,528,602 | 1,528,602 |
| Reference price 2 | 1.976 | 2.306 | 1.936 | 1.410 | 0.5047 | 0.0354 |
| Announcement Date | 3/27/19 | 4/23/20 | 4/23/21 | 4/12/23 | 4/27/23 | 4/24/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 11,268 | 13,285 | 12,782 | 13,552 | 7,908 | 7,294 |
| EBITDA 1 | 1,506 | 1,697 | 1,515 | 1,156 | -1,350 | -175.4 |
| EBIT 1 | 1,493 | 1,687 | 1,503 | 1,147 | -1,367 | -185.2 |
| Operating Margin | 13.25% | 12.7% | 11.76% | 8.47% | -17.29% | -2.54% |
| Earnings before Tax (EBT) 1 | 2,040 | 2,150 | 2,339 | 1,040 | -4,091 | -1,716 |
| Net income 1 | 1,032 | 903.6 | 958.1 | 127.5 | -4,270 | -1,721 |
| Net margin | 9.16% | 6.8% | 7.5% | 0.94% | -53.99% | -23.6% |
| EPS 2 | 0.7678 | 0.6479 | 0.6800 | 0.0800 | -2.780 | -1.120 |
| Free Cash Flow 1 | -1,483 | 1,090 | -4,375 | -9,498 | 3,888 | 1,837 |
| FCF margin | -13.16% | 8.2% | -34.23% | -70.09% | 49.17% | 25.18% |
| FCF Conversion (EBITDA) | - | 64.23% | - | - | - | - |
| FCF Conversion (Net income) | - | 120.6% | - | - | - | - |
| Dividend per Share 2 | 0.2635 | 0.2145 | 0.2105 | - | - | - |
| Announcement Date | 3/27/19 | 4/23/20 | 4/23/21 | 4/12/23 | 4/27/23 | 4/24/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 7,971 | 9,255 | 12,087 | 20,042 | 19,630 | 16,878 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.294 x | 5.455 x | 7.979 x | 17.34 x | -14.54 x | -96.22 x |
| Free Cash Flow 1 | -1,483 | 1,090 | -4,375 | -9,498 | 3,888 | 1,837 |
| ROE (net income / shareholders' equity) | 17.4% | 14.3% | 12.5% | 3.5% | -48.5% | -34.7% |
| ROA (Net income/ Total Assets) | 2.14% | 2.1% | 1.56% | 1.09% | -1.55% | -0.27% |
| Assets 1 | 48,144 | 42,955 | 61,534 | 11,702 | 275,702 | 643,928 |
| Book Value Per Share 2 | 3.330 | 3.810 | 4.380 | 3.930 | 1.170 | 0.1000 |
| Cash Flow per Share 2 | 8.330 | 7.670 | 7.740 | 1.440 | 0.4400 | 0.2200 |
| Capex 1 | 30.7 | 7.65 | 49.4 | 5.89 | 11.4 | 2.52 |
| Capex / Sales | 0.27% | 0.06% | 0.39% | 0.04% | 0.14% | 0.03% |
| Announcement Date | 3/27/19 | 4/23/20 | 4/23/21 | 4/12/23 | 4/27/23 | 4/24/24 |
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. | |
|---|---|---|
| +264.10% | 8.28M | |
| +17.32% | 29.15B | |
| -5.15% | 27.94B | |
| +26.23% | 26.02B | |
| +16.84% | 24.95B | |
| +40.97% | 22.49B | |
| +20.06% | 22.19B | |
| -4.42% | 18.48B | |
| +13.13% | 16.73B | |
| +9.98% | 16.19B |
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