Financials NanJi E-Commerce Co., LTD

Equities

002127

CNE100000080

Internet Services

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
3.09 CNY +2.66% Intraday chart for NanJi E-Commerce Co., LTD +9.96% -20.57%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 18,461 26,783 33,351 16,121 11,236 9,087
Enterprise Value (EV) 1 16,891 24,112 29,928 13,769 8,809 6,120
P/E ratio 20.9 x 22.3 x 27.9 x 34.1 x -37.8 x 82.1 x
Yield - 1.14% 1.21% 1.16% - 2.06%
Capitalization / Revenue 5.51 x 6.86 x 7.99 x 4.15 x 3.39 x 3.38 x
EV / Revenue 5.04 x 6.17 x 7.17 x 3.54 x 2.66 x 2.27 x
EV / EBITDA 18.3 x 19.9 x 26.4 x 29.5 x 90.4 x 88.8 x
EV / FCF 152 x 32.8 x 53.9 x 53.8 x 54.6 x 12.7 x
FCF Yield 0.66% 3.05% 1.86% 1.86% 1.83% 7.89%
Price to Book 4.94 x 5.47 x 5.59 x 3.32 x 2.56 x 2 x
Nbr of stocks (in thousands) 2,454,870 2,454,870 2,437,913 2,336,386 2,335,953 2,335,953
Reference price 2 7.520 10.91 13.68 6.900 4.810 3.890
Announcement Date 4/25/19 4/15/20 4/15/21 4/21/22 4/20/23 4/19/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,353 3,907 4,172 3,888 3,310 2,692
EBITDA 1 922.7 1,214 1,132 467.3 97.46 68.95
EBIT 1 918.8 1,210 1,130 464.9 94.01 66.1
Operating Margin 27.4% 30.97% 27.08% 11.96% 2.84% 2.46%
Earnings before Tax (EBT) 1 963 1,278 1,249 536.8 -253.8 130.5
Net income 1 886.5 1,206 1,188 477.1 -298.3 111.6
Net margin 26.44% 30.87% 28.48% 12.27% -9.01% 4.14%
EPS 2 0.3600 0.4900 0.4900 0.2025 -0.1274 0.0474
Free Cash Flow 1 110.8 735.1 555.7 256.2 161.4 483
FCF margin 3.31% 18.82% 13.32% 6.59% 4.88% 17.94%
FCF Conversion (EBITDA) 12.01% 60.57% 49.09% 54.82% 165.59% 700.42%
FCF Conversion (Net income) 12.5% 60.95% 46.78% 53.69% - 432.85%
Dividend per Share - 0.1240 0.1660 0.0800 - 0.0800
Announcement Date 4/25/19 4/15/20 4/15/21 4/21/22 4/20/23 4/19/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 1,569 2,670 3,423 2,352 2,427 2,967
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 111 735 556 256 161 483
ROE (net income / shareholders' equity) 26% 28% 22.3% 8.97% -6.37% 2.41%
ROA (Net income/ Total Assets) 13.7% 15.1% 11.8% 4.83% 1.11% 0.79%
Assets 1 6,460 8,002 10,087 9,875 -26,853 14,133
Book Value Per Share 2 1.520 1.990 2.450 2.080 1.880 1.940
Cash Flow per Share 2 0.4800 0.5300 1.260 1.040 0.9100 0.9800
Capex 1 0.77 14.8 5.76 2.89 321 12.5
Capex / Sales 0.02% 0.38% 0.14% 0.07% 9.71% 0.46%
Announcement Date 4/25/19 4/15/20 4/15/21 4/21/22 4/20/23 4/19/24
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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