Financials Zhengzhou Coal Mining Machinery Group Company Limited

Equities

601717

CNE100000S58

Mining Support Services & Equipment

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
16.33 CNY -0.18% Intraday chart for Zhengzhou Coal Mining Machinery Group Company Limited -5.28% +29.09%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 10,522 18,436 19,430 18,611 21,348 27,843 - -
Enterprise Value (EV) 1 10,522 18,436 19,430 18,611 21,348 27,843 27,843 27,843
P/E ratio 10.8 x 15.4 x 10.4 x 7.72 x 6.85 x 7.85 x 6.71 x 5.69 x
Yield 2.86% 1.97% 3.75% 5.02% 6.64% 4.84% 5.14% -
Capitalization / Revenue 0.41 x 0.69 x 0.66 x 0.58 x 0.59 x 0.7 x 0.63 x 0.54 x
EV / Revenue 0.41 x 0.69 x 0.66 x 0.58 x 0.59 x 0.7 x 0.63 x 0.54 x
EV / EBITDA 4.14 x 6.3 x 5.43 x 4.76 x 4.21 x 4.66 x 4.11 x 3.7 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.92 x 1.45 x 1.39 x 1.11 x 1.11 x 1.29 x 1.14 x 1.01 x
Nbr of stocks (in thousands) 1,732,471 1,732,471 1,779,494 1,778,646 1,781,409 1,785,538 - -
Reference price 2 6.470 10.93 11.59 11.16 12.65 16.33 16.33 16.33
Announcement Date 3/27/20 3/5/21 3/4/22 3/29/23 3/28/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 25,721 26,569 29,275 32,021 36,396 40,021 44,107 51,839
EBITDA 1 2,540 2,927 3,575 3,914 5,071 5,979 6,772 7,534
EBIT 1 1,529 1,944 2,620 3,075 4,092 4,841 5,708 6,420
Operating Margin 5.95% 7.32% 8.95% 9.6% 11.24% 12.1% 12.94% 12.38%
Earnings before Tax (EBT) 1 1,530 1,941 2,623 3,090 4,086 4,840 5,711 6,421
Net income 1 1,040 1,228 1,948 2,538 3,274 3,709 4,342 5,122
Net margin 4.04% 4.62% 6.65% 7.93% 9% 9.27% 9.85% 9.88%
EPS 2 0.6000 0.7090 1.114 1.446 1.848 2.080 2.433 2.870
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.1850 0.2150 0.4350 0.5600 0.8400 0.7900 0.8400 -
Announcement Date 3/27/20 3/5/21 3/4/22 3/29/23 3/28/24 - - -
1CNY in Million2CNY
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) 8.78% 9.71% 13.8% 15.7% 17.2% 16.9% 17.2% 17.8%
ROA (Net income/ Total Assets) 3.62% 3.91% 5.44% 6.21% 7.03% 7.1% 7.47% 8.1%
Assets 1 28,705 31,427 35,821 40,900 46,539 52,239 58,156 63,235
Book Value Per Share 2 7.060 7.530 8.360 10.00 11.40 12.70 14.40 16.10
Cash Flow per Share 2 1.650 1.390 1.710 1.270 1.720 2.600 3.530 -
Capex 1 948 932 874 1,113 1,036 2,304 1,790 2,000
Capex / Sales 3.68% 3.51% 2.99% 3.47% 2.85% 5.76% 4.06% 3.86%
Announcement Date 3/27/20 3/5/21 3/4/22 3/29/23 3/28/24 - - -
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
BUY
Number of Analysts
3
Last Close Price
16.33 CNY
Average target price
19.5 CNY
Spread / Average Target
+19.41%
Consensus

Annual profits - Rate of surprise

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