Financials Jinhe Biotechnology CO., LTD.

Equities

002688

CNE100001HK7

Pharmaceuticals

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
3.82 CNY +0.79% Intraday chart for Jinhe Biotechnology CO., LTD. +6.70% -20.58%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 3,977 2,833 3,996 3,488 4,784 3,874
Enterprise Value (EV) 1 4,528 3,541 4,830 4,506 5,274 4,985
P/E ratio 36.8 x 17.2 x 21.7 x 30.5 x 43.8 x 53.1 x
Yield 0.48% 5.61% 3.97% 1.82% - 1.95%
Capitalization / Revenue 2.73 x 1.74 x 2.24 x 1.92 x 2.3 x 1.83 x
EV / Revenue 3.11 x 2.17 x 2.71 x 2.48 x 2.54 x 2.35 x
EV / EBITDA 16.1 x 11.7 x 14.2 x 13.6 x 15.8 x 17.7 x
EV / FCF -34.9 x -29 x 176 x -58.8 x -17.9 x -27.3 x
FCF Yield -2.86% -3.45% 0.57% -1.7% -5.58% -3.66%
Price to Book 2.61 x 1.69 x 2.38 x 2.16 x 1.96 x 1.74 x
Nbr of stocks (in thousands) 635,290 635,290 635,290 635,290 780,422 753,752
Reference price 2 6.260 4.460 6.290 5.490 6.130 5.140
Announcement Date 3/14/18 3/28/19 4/19/20 3/30/21 4/21/22 4/21/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 1,458 1,629 1,782 1,815 2,078 2,123
EBITDA 1 281.6 301.6 340.1 330.7 333.8 282.1
EBIT 1 209.3 215.4 240.8 210.9 203 133.1
Operating Margin 14.35% 13.22% 13.51% 11.62% 9.77% 6.27%
Earnings before Tax (EBT) 1 147.4 194.5 220.2 140.9 142.9 118.8
Net income 1 108.4 163.6 184.9 117.3 93.99 75.54
Net margin 7.44% 10.05% 10.38% 6.47% 4.52% 3.56%
EPS 2 0.1700 0.2600 0.2900 0.1800 0.1400 0.0968
Free Cash Flow 1 -129.6 -122 27.49 -76.67 -294.4 -182.3
FCF margin -8.89% -7.49% 1.54% -4.22% -14.17% -8.59%
FCF Conversion (EBITDA) - - 8.08% - - -
FCF Conversion (Net income) - - 14.87% - - -
Dividend per Share 2 0.0300 0.2500 0.2500 0.1000 - 0.1000
Announcement Date 3/14/18 3/28/19 4/19/20 3/30/21 4/21/22 4/21/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 551 708 834 1,019 490 1,110
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.956 x 2.346 x 2.453 x 3.08 x 1.469 x 3.937 x
Free Cash Flow 1 -130 -122 27.5 -76.7 -294 -182
ROE (net income / shareholders' equity) 6.83% 9.62% 10.6% 7.83% 5.49% 4.61%
ROA (Net income/ Total Assets) 4.65% 4.28% 4.51% 3.92% 3.41% 1.94%
Assets 1 2,330 3,826 4,103 2,991 2,756 3,891
Book Value Per Share 2 2.400 2.640 2.640 2.540 3.120 2.950
Cash Flow per Share 2 0.5400 0.7700 0.5700 0.5000 0.6600 0.6500
Capex 1 197 170 179 204 384 402
Capex / Sales 13.48% 10.45% 10.03% 11.24% 18.47% 18.95%
Announcement Date 3/14/18 3/28/19 4/19/20 3/30/21 4/21/22 4/21/23
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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