ZHEJIANG MING JEWELRY CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.25 CNY | -2.78% |
|
-0.57% | -12.50% |
| Apr. 26 | Zhejiang Ming Jewelry Co., Ltd. Proposes Final Dividend for 2023 | CI |
| Apr. 25 | Zhejiang Ming Jewelry Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,603 | 2,698 | 2,439 | 2,598 | 3,210 | 3,168 |
| Enterprise Value (EV) 1 | 1,799 | 1,866 | 1,505 | 1,767 | 2,294 | 2,481 |
| P/E ratio | 29 x | 46.5 x | -9.43 x | 18.9 x | -19.6 x | 20 x |
| Yield | 1.01% | 0.59% | - | - | - | - |
| Capitalization / Revenue | 0.64 x | 0.79 x | 0.97 x | 0.73 x | 0.92 x | 0.8 x |
| EV / Revenue | 0.44 x | 0.54 x | 0.6 x | 0.49 x | 0.66 x | 0.63 x |
| EV / EBITDA | 31.8 x | 17.7 x | 44.3 x | 21 x | 46.9 x | 23.1 x |
| EV / FCF | 32.4 x | 5.97 x | 25.6 x | -17.5 x | 26.2 x | 3.29 x |
| FCF Yield | 3.09% | 16.8% | 3.9% | -5.7% | 3.82% | 30.4% |
| Price to Book | 0.81 x | 0.83 x | 0.82 x | 0.84 x | 1.09 x | 1.06 x |
| Nbr of stocks (in thousands) | 528,000 | 528,000 | 528,000 | 528,000 | 528,000 | 528,000 |
| Reference price 2 | 4.930 | 5.110 | 4.620 | 4.920 | 6.080 | 6.000 |
| Announcement Date | 4/19/19 | 4/28/20 | 4/27/21 | 4/28/22 | 4/28/23 | 4/25/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 4,094 | 3,429 | 2,510 | 3,582 | 3,474 | 3,937 |
| EBITDA 1 | 56.62 | 105.1 | 33.95 | 84.03 | 48.95 | 107.5 |
| EBIT 1 | 41.68 | 90.1 | 19.67 | 69.65 | 34.81 | 92.12 |
| Operating Margin | 1.02% | 2.63% | 0.78% | 1.94% | 1% | 2.34% |
| Earnings before Tax (EBT) 1 | 129.1 | 129.1 | -234.6 | 211.3 | -213.4 | 207.7 |
| Net income 1 | 91.43 | 57.79 | -257.1 | 137 | -162.5 | 159.1 |
| Net margin | 2.23% | 1.69% | -10.25% | 3.82% | -4.68% | 4.04% |
| EPS 2 | 0.1700 | 0.1100 | -0.4900 | 0.2600 | -0.3100 | 0.3000 |
| Free Cash Flow 1 | 55.51 | 312.8 | 58.75 | -100.7 | 87.55 | 754.5 |
| FCF margin | 1.36% | 9.12% | 2.34% | -2.81% | 2.52% | 19.16% |
| FCF Conversion (EBITDA) | 98.04% | 297.55% | 173.04% | - | 178.86% | 702.15% |
| FCF Conversion (Net income) | 60.71% | 541.22% | - | - | - | 474.29% |
| Dividend per Share 2 | 0.0500 | 0.0300 | - | - | - | - |
| Announcement Date | 4/19/19 | 4/28/20 | 4/27/21 | 4/28/22 | 4/28/23 | 4/25/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 804 | 832 | 934 | 831 | 916 | 687 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 55.5 | 313 | 58.7 | -101 | 87.6 | 755 |
| ROE (net income / shareholders' equity) | 2.9% | 1.72% | -8.3% | 4.54% | -5.36% | 5.21% |
| ROA (Net income/ Total Assets) | 0.66% | 1.33% | 0.29% | 1.03% | 0.5% | 0.98% |
| Assets 1 | 13,953 | 4,341 | -89,093 | 13,269 | -32,599 | 16,300 |
| Book Value Per Share 2 | 6.060 | 6.130 | 5.610 | 5.850 | 5.550 | 5.680 |
| Cash Flow per Share 2 | 0.9000 | 1.260 | 1.860 | 1.880 | 2.240 | 3.210 |
| Capex 1 | 31.7 | 16.2 | 10.5 | 24.3 | 21.1 | 893 |
| Capex / Sales | 0.78% | 0.47% | 0.42% | 0.68% | 0.61% | 22.67% |
| Announcement Date | 4/19/19 | 4/28/20 | 4/27/21 | 4/28/22 | 4/28/23 | 4/25/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -12.50% | 383M | |
| +13.87% | 85.62B | |
| -3.82% | 37.64B | |
| -5.16% | 14.09B | |
| +11.93% | 4.21B | |
| +13.27% | 2.6B | |
| +5.20% | 2.4B | |
| +0.34% | 1.61B | |
| -17.67% | 1.34B | |
| -15.54% | 1.1B |
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