ZHEJIANG DEVELOPMENT GROUP CO.,LTD |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8.07 CNY | +1.51% |
|
+2.54% | +10.40% |
| Apr. 26 | Zheshang Development Issues Bonds of Up to 500 Million Yuan | MT |
| Apr. 26 | Zheshang Development Issues 500 Milion Yuan Ultra-Short-Term Bonds | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,974 | 4,450 | 7,340 | 6,201 | 5,113 | 5,645 | - | - |
| Enterprise Value (EV) 1 | 3,974 | 4,450 | 7,340 | 6,201 | 5,113 | 5,645 | 5,645 | 5,645 |
| P/E ratio | 8.07 x | 8.79 x | 9.83 x | 6.63 x | 7.78 x | 6.07 x | 4.98 x | 4.36 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | - | 0.04 x | 0.04 x | 0.03 x | - | 0.03 x | 0.03 x | 0.02 x |
| EV / Revenue | - | 0.04 x | 0.04 x | 0.03 x | - | 0.03 x | 0.03 x | 0.02 x |
| EV / EBITDA | - | 5.07 x | 5.51 x | 3.5 x | - | 2.43 x | 2 x | 1.77 x |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | - | 1.59 x | 2.13 x | 1.45 x | - | 0.86 x | 0.76 x | 0.67 x |
| Nbr of stocks (in thousands) | 674,658 | 666,183 | 660,688 | 688,233 | 699,492 | 699,492 | - | - |
| Reference price 2 | 5.890 | 6.680 | 11.11 | 9.010 | 7.310 | 8.070 | 8.070 | 8.070 |
| Announcement Date | 4/28/20 | 1/14/21 | 1/10/22 | 1/11/23 | 4/24/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 108,977 | 178,270 | 193,605 | - | 210,867 | 218,736 | 226,262 |
| EBITDA 1 | - | 877.6 | 1,333 | 1,770 | - | 2,325 | 2,823 | 3,190 |
| EBIT 1 | - | 819.6 | 1,268 | 1,697 | - | 1,964 | 2,397 | 2,740 |
| Operating Margin | - | 0.75% | 0.71% | 0.88% | - | 0.93% | 1.1% | 1.21% |
| Earnings before Tax (EBT) 1 | - | 822.4 | 1,286 | 1,720 | - | 1,999 | 2,437 | 2,786 |
| Net income 1 | 536.3 | 555.1 | 819.1 | 1,003 | 710.8 | 927.6 | 1,131 | 1,293 |
| Net margin | - | 0.51% | 0.46% | 0.52% | - | 0.44% | 0.52% | 0.57% |
| EPS 2 | 0.7300 | 0.7600 | 1.130 | 1.360 | 0.9400 | 1.330 | 1.620 | 1.850 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 4/28/20 | 1/14/21 | 1/10/22 | 1/11/23 | 4/24/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q1 | 2022 Q2 | 2022 Q3 |
|---|---|---|---|
| Net sales | - | - | - |
| EBITDA | - | - | - |
| EBIT | - | - | - |
| Operating Margin | - | - | - |
| Earnings before Tax (EBT) | - | - | - |
| Net income 1 | 166.8 | 300.1 | 212.6 |
| Net margin | - | - | - |
| EPS | - | - | - |
| Dividend per Share | - | - | - |
| Announcement Date | 4/21/22 | 7/21/22 | 10/26/22 |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | - | 19.2% | 24.7% | 24.5% | - | 14% | 14.9% | 14.9% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | - | 4.210 | 5.220 | 6.220 | - | 9.410 | 10.60 | 12.00 |
| Cash Flow per Share 2 | - | 1.730 | 3.620 | -5.540 | - | 2.150 | -1.560 | 4.060 |
| Capex 1 | - | 255 | 201 | 509 | - | 296 | 84.6 | 54.7 |
| Capex / Sales | - | 0.23% | 0.11% | 0.26% | - | 0.14% | 0.04% | 0.02% |
| Announcement Date | 4/28/20 | 1/14/21 | 1/10/22 | 1/11/23 | 4/24/24 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Sell
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
8.07
CNY
Average target price
9.3
CNY
Spread / Average Target
+15.24%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +10.40% | 769M | |
| +9.08% | 5.64B | |
| +16.73% | 3.19B | |
| -14.29% | 1.18B | |
| +33.33% | 1.12B | |
| -8.30% | 682M | |
| 0.00% | 665M | |
| -10.76% | 529M | |
| +0.51% | 461M | |
| +16.36% | 412M |
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