Financials Jiangsu Fasten Company Limited

Equities

000890

CNE0000007T7

Iron & Steel

End-of-day quote Shenzhen S.E. 18:00:00 2024-05-08 EDT 5-day change 1st Jan Change
3.51 CNY +1.15% Intraday chart for Jiangsu Fasten Company Limited +1.15% -35.36%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,670 2,080 1,196 1,900 1,615 2,278
Enterprise Value (EV) 1 6,700 5,378 1,582 2,880 2,513 2,692
P/E ratio -11.6 x -2.67 x 71.3 x 45.3 x -128 x 181 x
Yield - - - - - -
Capitalization / Revenue 0.98 x 2.07 x 2.56 x 2.85 x 2.38 x 5.11 x
EV / Revenue 3.95 x 5.36 x 3.39 x 4.31 x 3.71 x 6.04 x
EV / EBITDA 40.8 x -7.17 x -20.7 x 28.4 x 33.2 x 57.9 x
EV / FCF 4.62 x 2.99 x 0.63 x -23.8 x -113 x 10.8 x
FCF Yield 21.7% 33.5% 159% -4.19% -0.89% 9.29%
Price to Book 2.55 x -14 x 71.9 x 38.5 x 62 x 30.2 x
Nbr of stocks (in thousands) 379,642 379,642 419,504 419,504 419,504 419,504
Reference price 2 4.400 5.480 2.850 4.530 3.850 5.430
Announcement Date 19-04-28 20-04-24 21-03-26 22-04-22 23-04-28 24-04-25
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,698 1,004 467.1 667.5 677.6 445.9
EBITDA 1 164 -750.3 -76.53 101.3 75.66 46.46
EBIT 1 125.5 -774.1 -97.48 63.05 17.85 -9.214
Operating Margin 7.39% -77.13% -20.87% 9.45% 2.63% -2.07%
Earnings before Tax (EBT) 1 -57.78 -746.2 25.95 78.26 22.68 -108.6
Net income 1 -145.2 -777.6 15.96 40.01 -11.33 11.44
Net margin -8.55% -77.48% 3.42% 5.99% -1.67% 2.56%
EPS 2 -0.3800 -2.050 0.0400 0.1000 -0.0300 0.0300
Free Cash Flow 1 1,451 1,800 2,522 -120.8 -22.26 250.1
FCF margin 85.44% 179.39% 539.99% -18.09% -3.29% 56.09%
FCF Conversion (EBITDA) 884.51% - - - - 538.28%
FCF Conversion (Net income) - - 15,806.98% - - 2,186.87%
Dividend per Share - - - - - -
Announcement Date 19-04-28 20-04-24 21-03-26 22-04-22 23-04-28 24-04-25
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1
Net sales -
EBITDA -
EBIT -
Operating Margin -
Earnings before Tax (EBT) -
Net income 1 -13.09
Net margin -
EPS 2 -0.0300
Dividend per Share -
Announcement Date 22-04-29
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 5,029 3,297 386 979 898 414
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 30.66 x -4.395 x -5.044 x 9.668 x 11.87 x 8.913 x
Free Cash Flow 1 1,451 1,800 2,522 -121 -22.3 250
ROE (net income / shareholders' equity) -18.2% -307% -24.2% 57.8% 0.2% -34.9%
ROA (Net income/ Total Assets) 0.91% -7.86% -2.13% 2.73% 0.59% -0.34%
Assets 1 -15,931 9,888 -748.3 1,467 -1,931 -3,361
Book Value Per Share 2 1.720 -0.3900 0.0400 0.1200 0.0600 0.1800
Cash Flow per Share 2 0.9600 1.080 0.6500 0.5900 0.4500 0.4500
Capex 1 16.7 31.2 4.42 41.7 54.5 3.91
Capex / Sales 0.98% 3.11% 0.95% 6.25% 8.04% 0.88%
Announcement Date 19-04-28 20-04-24 21-03-26 22-04-22 23-04-28 24-04-25
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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