Financials Shanghai Jin Jiang International Hotels Co., Ltd.

Equities

600754

CNE000000MK0

Hotels, Motels & Cruise Lines

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
27.6 CNY +1.02% Intraday chart for Shanghai Jin Jiang International Hotels Co., Ltd. +0.88% -7.69%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 25,078 43,320 55,505 55,491 28,723 26,945 - -
Enterprise Value (EV) 1 34,508 52,978 64,461 63,440 34,223 32,753 31,249 26,945
P/E ratio 25.2 x 448 x 607 x 550 x 31.9 x 19.6 x 15.5 x 14.3 x
Yield 2.09% 0.11% 0.09% 0.1% 1.67% 2.54% 3.07% 3.36%
Capitalization / Revenue 1.66 x 4.38 x 4.9 x 5.04 x 1.96 x 1.71 x 1.58 x 1.51 x
EV / Revenue 2.29 x 5.35 x 5.68 x 5.76 x 2.34 x 2.08 x 1.84 x 1.51 x
EV / EBITDA 11 x 33.5 x 37.9 x 42.7 x 12.2 x 8.63 x 7.47 x 5.4 x
EV / FCF 21.5 x - 42.1 x 36.1 x 7.71 x 10.7 x 8.81 x 5.61 x
FCF Yield 4.65% - 2.38% 2.77% 13% 9.37% 11.4% 17.8%
Price to Book 2.07 x 3.88 x 3.77 x 3.77 x 1.92 x 1.67 x 1.51 x 1.46 x
Nbr of stocks (in thousands) 957,936 957,936 1,070,044 1,070,044 1,070,044 1,070,044 - -
Reference price 2 28.71 51.53 58.60 58.35 29.90 27.60 27.60 27.60
Announcement Date 3/27/20 3/30/21 3/28/22 3/28/23 4/1/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 15,099 9,898 11,339 11,008 14,649 15,719 17,014 17,849
EBITDA 1 3,151 1,581 1,701 1,486 2,804 3,797 4,183 4,990
EBIT 1 1,763 277.7 577.4 461.7 1,801 2,572 3,053 3,318
Operating Margin 11.68% 2.81% 5.09% 4.19% 12.29% 16.36% 17.94% 18.59%
Earnings before Tax (EBT) 1 1,759 303.6 604.8 494.8 1,793 2,555 3,123 3,283
Net income 1 1,092 110.2 100.6 113.5 1,002 1,513 1,917 2,065
Net margin 7.24% 1.11% 0.89% 1.03% 6.84% 9.63% 11.27% 11.57%
EPS 2 1.140 0.1151 0.0966 0.1061 0.9362 1.406 1.785 1.928
Free Cash Flow 1 1,605 - 1,531 1,756 4,438 3,068 3,547 4,804
FCF margin 10.63% - 13.5% 15.95% 30.3% 19.51% 20.85% 26.92%
FCF Conversion (EBITDA) 50.93% - 90.02% 118.21% 158.3% 80.79% 84.79% 96.27%
FCF Conversion (Net income) 146.87% - 1,521.87% 1,547.41% 443.04% 202.74% 184.99% 232.66%
Dividend per Share 2 0.6000 0.0580 0.0530 0.0600 0.5000 0.7005 0.8467 0.9262
Announcement Date 3/27/20 3/30/21 3/28/22 3/28/23 4/1/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 3,087 2,990 2,322 2,721 3,052 2,913 2,922 3,884 4,156 3,687 3,331 4,067 4,452 3,973 3,591
EBITDA - - - - - - - - - - - - - - -
EBIT 1 197.4 169.9 -141.2 132.1 261.5 209.4 244 642.8 703.8 210.1 305.2 791.6 1,006 649.8 -
Operating Margin 6.39% 5.68% -6.08% 4.86% 8.57% 7.19% 8.35% 16.55% 16.93% 5.7% 9.16% 19.46% 22.6% 16.36% -
Earnings before Tax (EBT) 207.2 172 -128.6 118.7 - - - - - - - - - - -
Net income 92.12 3.852 -120 2.05 159.9 - - - - - - - - - -
Net margin 2.98% 0.13% -5.17% 0.08% 5.24% - - - - - - - - - -
EPS 2 0.0900 0.0100 -0.1122 0.002000 0.1500 0.0700 0.1217 0.3700 0.4200 0.0300 0.1591 0.3914 0.5308 0.3090 -
Dividend per Share - 0.0530 - - - - - - - - - - - - -
Announcement Date 10/29/21 3/28/22 4/29/22 8/30/22 10/28/22 3/28/23 4/28/23 8/29/23 10/30/23 4/1/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 9,430 9,658 8,955 7,949 5,501 5,808 4,305 -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.993 x 6.108 x 5.264 x 5.351 x 1.962 x 1.53 x 1.029 x -
Free Cash Flow 1 1,605 - 1,531 1,756 4,438 3,068 3,547 4,804
ROE (net income / shareholders' equity) 8.35% 0.85% 0.69% 0.68% 5.84% 8.55% 9.77% 10.3%
ROA (Net income/ Total Assets) 2.77% 0.28% 0.23% 0.24% - 3.19% 3.75% 4.01%
Assets 1 39,497 38,807 43,446 48,008 - 47,410 51,105 51,440
Book Value Per Share 2 13.80 13.30 15.50 15.50 15.60 16.50 18.30 18.90
Cash Flow per Share 2 2.750 0.1600 1.990 2.090 4.820 2.990 3.380 3.700
Capex 1 1,033 688 538 482 724 648 891 950
Capex / Sales 6.84% 6.95% 4.74% 4.37% 4.94% 4.12% 5.24% 5.32%
Announcement Date 3/27/20 3/30/21 3/28/22 3/28/23 4/1/24 - - -
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

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
21
Last Close Price
27.6 CNY
Average target price
35.68 CNY
Spread / Average Target
+29.28%
Consensus
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