Financials Jiajiayue Group Co., Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 18:00:00 2024-06-26 EDT			5-day change	1st Jan Change
8.14 ^CNY	-1.69%		-4.24%	-37.72%

04-19	Jiajiayue Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
04-02	Tranche Update on Jiajiayue Group Co., Ltd.'s Equity Buyback Plan announced on February 6, 2024.	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	14,808	12,959	9,974	7,546	8,343	5,142	-	-
Enterprise Value (EV) ¹	14,808	12,959	9,974	7,546	8,343	5,142	5,142	5,142
P/E ratio	32.5 x	30 x	-34 x	96.8 x	52.3 x	21.6 x	17.5 x	15.5 x
Yield	2.05%	2.11%	2.7%	0.79%	1.45%	2.33%	2.58%	2.89%
Capitalization / Revenue	0.97 x	0.78 x	0.57 x	0.42 x	0.47 x	0.28 x	0.26 x	0.25 x
EV / Revenue	0.97 x	0.78 x	0.57 x	0.42 x	0.47 x	0.28 x	0.26 x	0.25 x
EV / EBITDA	18 x	13.2 x	41 x	10.7 x	10.3 x	4.88 x	4.47 x	3.91 x
EV / FCF	-164 x	-133 x	17.4 x	-	8.26 x	-21.3 x	15.8 x	-6.45 x
FCF Yield	-0.61%	-0.75%	5.75%	-	12.1%	-4.69%	6.34%	-15.5%
Price to Book	5.08 x	4.42 x	4.9 x	3.91 x	3.46 x	1.97 x	1.89 x	1.77 x
Nbr of stocks (in thousands)	608,400	608,400	599,401	599,402	638,337	631,718	-	-
Reference price ²	24.34	21.30	16.64	12.59	13.07	8.140	8.140	8.140
Announcement Date	20-04-20	21-04-29	22-04-29	23-04-27	24-04-19	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	15,264	16,678	17,433	18,184	17,763	18,646	19,510	20,401
EBITDA ¹	822.4	980.3	243.1	706.5	807.3	1,055	1,151	1,316
EBIT ¹	606.9	585.1	-267.2	132.4	227	306.2	394.2	460.3
Operating Margin	3.98%	3.51%	-1.53%	0.73%	1.28%	1.64%	2.02%	2.26%
Earnings before Tax (EBT) ¹	606.2	583.2	-262.2	97.19	211.5	297.5	383.7	449.8
Net income ¹	457.5	427.6	-293.4	54.05	136.4	240.8	297.1	381.9
Net margin	3%	2.56%	-1.68%	0.3%	0.77%	1.29%	1.52%	1.87%
EPS ²	0.7500	0.7100	-0.4900	0.1300	0.2500	0.3775	0.4650	0.5260
Free Cash Flow ¹	-90.41	-97.47	573.5	-	1,010	-241	326	-797
FCF margin	-0.59%	-0.58%	3.29%	-	5.68%	-1.29%	1.67%	-3.91%
FCF Conversion (EBITDA)	-	-	235.88%	-	125.06%	-	28.31%	-
FCF Conversion (Net income)	-	-	-	-	740.25%	-	109.72%	-
Dividend per Share ²	0.5000	0.4500	0.4500	0.1000	0.1900	0.1900	0.2100	0.2350
Announcement Date	20-04-20	21-04-29	22-04-29	23-04-27	24-04-19	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	-90.4	-97.5	574	-	1,010	-241	326	-797
ROE (net income / shareholders' equity)	16.4%	14.3%	-11.9%	2.5%	5.68%	7.78%	8.89%	10.3%
ROA (Net income/ Total Assets)	5.84%	4.67%	-2.39%	-	0.95%	1.8%	2%	2.3%
Assets ¹	7,831	9,153	12,250	-	14,339	13,379	14,855	16,603
Book Value Per Share ²	4.800	4.820	3.400	3.220	3.780	4.130	4.310	4.610
Cash Flow per Share ²	1.110	1.200	2.340	2.200	2.490	0.0700	3.600	0.6000
Capex ¹	763	825	848	720	604	446	452	417
Capex / Sales	5%	4.95%	4.87%	3.96%	3.4%	2.39%	2.32%	2.05%
Announcement Date	20-04-20	21-04-29	22-04-29	23-04-27	24-04-19	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

8.14 CNY

Average target price

11.2 CNY

Spread / Average Target

+37.59%

	1st Jan change	Capi.
JIAJIAYUE GROUP CO., LTD.	-37.72%	707M
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SM INVESTMENTS CORPORATION	-6.31%	17.04B
COLES GROUP LIMITED	+5.71%	15.25B
CASEY'S GENERAL STORES, INC.	+39.36%	14.21B
JERÓNIMO MARTINS, SGPS, S.A.	-20.10%	12.39B
ICA GRUPPEN	-.--%	11.82B
DINO POLSKA S.A.	-12.83%	9.76B