Financials Jiangsu Sunshine Co., Ltd.

Equities

600220

CNE0000010V7

Textiles & Leather Goods

End-of-day quote Shanghai S.E. 18:00:00 2024-05-07 EDT 5-day change 1st Jan Change
1.31 CNY -5.07% Intraday chart for Jiangsu Sunshine Co., Ltd. -14.38% -34.17%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,745 4,066 5,083 4,744 4,851 3,549
Enterprise Value (EV) 1 5,050 5,553 6,802 5,844 6,379 5,010
P/E ratio 27.5 x 58 x 320 x 41.2 x 41.3 x -35.5 x
Yield 1.43% 1.1% 0.35% 0.75% 0.74% -
Capitalization / Revenue 1.55 x 1.73 x 2.58 x 2.38 x 2.43 x 2.07 x
EV / Revenue 2.09 x 2.36 x 3.45 x 2.93 x 3.2 x 2.92 x
EV / EBITDA 11.6 x 13.4 x 20.2 x 18.6 x 16.9 x 16.4 x
EV / FCF -25.8 x -29.8 x -53.8 x 12.6 x -14.9 x 17.5 x
FCF Yield -3.88% -3.35% -1.86% 7.94% -6.7% 5.71%
Price to Book 1.71 x 1.87 x 2.49 x 2.29 x 2.25 x 1.8 x
Nbr of stocks (in thousands) 1,783,340 1,783,340 1,783,340 1,783,340 1,783,340 1,783,340
Reference price 2 2.100 2.280 2.850 2.660 2.720 1.990
Announcement Date 19-04-17 20-04-27 21-04-29 22-04-27 23-04-27 24-04-29
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,420 2,349 1,972 1,992 1,993 1,717
EBITDA 1 436.1 413.3 336.3 313.6 377.2 305.7
EBIT 1 254.5 232.6 156.1 163.3 230.7 157.5
Operating Margin 10.52% 9.9% 7.91% 8.2% 11.58% 9.17%
Earnings before Tax (EBT) 1 183.2 169.6 69.15 146.3 146.8 -82.85
Net income 1 136 70.08 15.92 115 117.3 -100.1
Net margin 5.62% 2.98% 0.81% 5.77% 5.88% -5.83%
EPS 2 0.0763 0.0393 0.008900 0.0645 0.0658 -0.0561
Free Cash Flow 1 -195.7 -186.2 -126.5 463.8 -427.2 285.9
FCF margin -8.09% -7.93% -6.42% 23.28% -21.43% 16.65%
FCF Conversion (EBITDA) - - - 147.89% - 93.53%
FCF Conversion (Net income) - - - 403.39% - -
Dividend per Share 2 0.0300 0.0250 0.0100 0.0200 0.0200 -
Announcement Date 19-04-17 20-04-27 21-04-29 22-04-27 23-04-27 24-04-29
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,305 1,486 1,719 1,101 1,528 1,462
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.992 x 3.596 x 5.113 x 3.51 x 4.051 x 4.782 x
Free Cash Flow 1 -196 -186 -127 464 -427 286
ROE (net income / shareholders' equity) 6.35% 4.01% 1.44% 4.9% 4.86% -4.28%
ROA (Net income/ Total Assets) 3.32% 2.94% 1.97% 2.11% 3.04% 2.24%
Assets 1 4,101 2,383 809.8 5,439 3,857 -4,476
Book Value Per Share 2 1.230 1.220 1.150 1.160 1.210 1.100
Cash Flow per Share 2 0.2300 0.3500 0.2600 0.4700 0.1000 0.0400
Capex 1 309 162 65.1 52.7 234 134
Capex / Sales 12.75% 6.92% 3.3% 2.64% 11.73% 7.81%
Announcement Date 19-04-17 20-04-27 21-04-29 22-04-27 23-04-27 24-04-29
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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