Financials Shanghai Jinqiao Export Processing Zone Development Co.,Ltd

Equities

600639

CNE000000404

Real Estate Development & Operations

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
11.43 CNY +2.14% Intraday chart for Shanghai Jinqiao Export Processing Zone Development Co.,Ltd +3.63% +13.06%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 11,661 13,243 12,174 12,424 11,144 10,163
Enterprise Value (EV) 1 16,339 19,382 15,786 13,641 17,973 23,363
P/E ratio 12.9 x 14 x 12.6 x 8.83 x 7.87 x 6.24 x
Yield 2.66% 2.3% 2.42% 3.92% 4.5% 5.64%
Capitalization / Revenue 4.22 x 3.95 x 3.39 x 2.69 x 2.21 x 1.54 x
EV / Revenue 5.92 x 5.78 x 4.39 x 2.95 x 3.56 x 3.55 x
EV / EBITDA 10.2 x 10.5 x 8.41 x 4.9 x 6.53 x 7.22 x
EV / FCF -85.9 x -26.4 x 5.67 x 2.87 x -2.45 x -3.19 x
FCF Yield -1.16% -3.78% 17.6% 34.9% -40.9% -31.3%
Price to Book 1.43 x 1.53 x 1.29 x 1.16 x 0.97 x 0.8 x
Nbr of stocks (in thousands) 1,122,413 1,122,413 1,122,413 1,122,413 1,122,413 1,122,413
Reference price 2 11.26 13.50 12.40 12.77 11.10 10.11
Announcement Date 4/12/19 4/17/20 4/16/21 4/14/22 4/13/23 4/11/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,761 3,352 3,593 4,617 5,053 6,585
EBITDA 1 1,606 1,841 1,878 2,782 2,753 3,237
EBIT 1 1,207 1,455 1,473 2,271 2,233 2,726
Operating Margin 43.7% 43.4% 41% 49.18% 44.19% 41.4%
Earnings before Tax (EBT) 1 1,290 1,436 1,475 2,134 2,088 2,408
Net income 1 977.1 1,085 1,108 1,623 1,584 1,819
Net margin 35.38% 32.36% 30.83% 35.15% 31.34% 27.62%
EPS 2 0.8705 0.9666 0.9869 1.446 1.411 1.620
Free Cash Flow 1 -190.1 -733.3 2,783 4,759 -7,343 -7,315
FCF margin -6.88% -21.87% 77.46% 103.07% -145.31% -111.08%
FCF Conversion (EBITDA) - - 148.21% 171.06% - -
FCF Conversion (Net income) - - 251.25% 293.23% - -
Dividend per Share 2 0.3000 0.3100 0.3000 0.5000 0.5000 0.5700
Announcement Date 4/12/19 4/17/20 4/16/21 4/14/22 4/13/23 4/11/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 4,678 6,139 3,612 1,217 6,828 13,200
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.912 x 3.335 x 1.923 x 0.4373 x 2.48 x 4.078 x
Free Cash Flow 1 -190 -733 2,783 4,759 -7,343 -7,315
ROE (net income / shareholders' equity) 10.7% 11.2% 10.4% 13.4% 11.2% 11.2%
ROA (Net income/ Total Assets) 3.69% 4.05% 3.37% 4.48% 4.12% 4.58%
Assets 1 26,448 26,817 32,868 36,191 38,470 39,673
Book Value Per Share 2 7.870 8.840 9.590 11.00 11.40 12.60
Cash Flow per Share 2 0.7000 1.030 1.850 3.750 2.340 2.050
Capex 1 16.3 33.8 13.4 12.4 7.75 27.1
Capex / Sales 0.59% 1.01% 0.37% 0.27% 0.15% 0.41%
Announcement Date 4/12/19 4/17/20 4/16/21 4/14/22 4/13/23 4/11/24
1CNY in Million2CNY
Estimates
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