Financials Bank of Jiangsu Co., Ltd.

Equities

600919

CNE100002G76

Banks

End-of-day quote Shanghai S.E. 18:00:00 2024-06-27 EDT 5-day change 1st Jan Change
7.43 CNY +1.09% Intraday chart for Bank of Jiangsu Co., Ltd. +1.23% +11.06%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 83,582 80,642 86,107 107,671 122,770 136,350 - -
Enterprise Value (EV) 1 83,582 80,642 86,107 107,671 122,770 136,350 136,350 136,350
P/E ratio 6.96 x 5.25 x 5.55 x 5.36 x 4.4 x 4.39 x 3.85 x 3.46 x
Yield 3.84% 5.79% 6.86% 7.07% 7.03% 6.95% 7.99% 8.84%
Capitalization / Revenue 1.86 x 1.55 x 1.35 x 1.53 x 1.65 x 1.73 x 1.58 x 1.47 x
EV / Revenue 1.86 x 1.55 x 1.35 x 1.53 x 1.65 x 1.73 x 1.58 x 1.47 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.76 x 0.58 x 0.57 x 0.64 x 0.58 x 0.58 x 0.52 x 0.48 x
Nbr of stocks (in thousands) 11,544,480 14,769,607 14,769,626 14,769,652 18,351,324 18,351,324 - -
Reference price 2 7.240 5.460 5.830 7.290 6.690 7.430 7.430 7.430
Announcement Date 1/17/20 1/18/21 1/11/22 2/1/23 4/25/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 44,974 52,026 63,771 70,570 74,293 78,940 86,049 92,850
EBITDA - - - - - - - -
EBIT 1 15,679 16,765 26,408 32,674 38,753 58,741 65,545 70,934
Operating Margin 34.86% 32.22% 41.41% 46.3% 52.16% 74.41% 76.17% 76.4%
Earnings before Tax (EBT) 1 15,615 16,748 26,476 32,629 38,694 42,187 47,050 52,628
Net income 1 14,619 15,066 19,694 25,386 28,750 31,596 35,827 39,841
Net margin 32.51% 28.96% 30.88% 35.97% 38.7% 40.03% 41.63% 42.91%
EPS 2 1.040 1.040 1.050 1.360 1.520 1.693 1.932 2.148
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.2780 0.3160 0.4000 0.5156 0.4700 0.5166 0.5939 0.6567
Announcement Date 1/17/20 1/18/21 1/11/22 2/1/23 4/25/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1 2022 S1 2023 Q1 2023 Q2 2023 S1
Net sales - 35,107 - - -
EBITDA - - - - -
EBIT - 17,208 - - -
Operating Margin - 49.02% - - -
Earnings before Tax (EBT) 1 - - - 11,680 22,434
Net income 1 6,584 13,380 8,219 8,801 17,020
Net margin - 38.11% - - -
EPS 0.3700 - 0.4200 - -
Dividend per Share - - - - -
Announcement Date 4/28/22 7/15/22 4/27/23 8/2/23 8/2/23
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) 12.7% 11.9% 12.6% 14.8% 14.5% 13.5% 14% 14.1%
ROA (Net income/ Total Assets) 0.73% 0.67% 0.79% 0.91% 0.88% 0.89% 0.91% 0.89%
Assets 1 1,994,407 2,256,065 2,478,168 2,799,514 3,248,994 3,561,545 3,947,828 4,476,532
Book Value Per Share 2 9.530 9.350 10.30 11.40 11.50 12.70 14.20 15.60
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 1/17/20 1/18/21 1/11/22 2/1/23 4/25/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
14
Last Close Price
7.43 CNY
Average target price
9.003 CNY
Spread / Average Target
+21.17%
Consensus

Annual profits - Rate of surprise

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