Financials Jiangsu Yangnong Chemical Co., Ltd.

Equities

600486

CNE000001B66

Agricultural Chemicals

End-of-day quote Shanghai S.E. 18:00:00 2024-07-07 EDT 5-day change 1st Jan Change
53.81 CNY -2.39% Intraday chart for Jiangsu Yangnong Chemical Co., Ltd. -4.68% -14.75%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 21,268 40,907 40,659 32,198 25,650 21,888 - -
Enterprise Value (EV) 1 21,268 40,020 39,474 29,652 24,508 20,523 18,924 17,552
P/E ratio 18.2 x 33.8 x 33.3 x 17.9 x 16.3 x 13.4 x 11.2 x 9.63 x
Yield 0.95% 0.49% 0.5% 1.25% 1.39% 1.65% 2.54% 2.38%
Capitalization / Revenue 2.44 x 4.16 x 3.43 x 2.04 x 2.23 x 1.61 x 1.39 x 1.27 x
EV / Revenue 2.44 x 4.07 x 3.33 x 1.88 x 2.14 x 1.51 x 1.2 x 1.02 x
EV / EBITDA 12 x 21.9 x 19.5 x 10.6 x 9.34 x 8.21 x 6.26 x 5.25 x
EV / FCF - - 323 x 31 x 27.7 x 12.7 x 20.3 x 26.6 x
FCF Yield - - 0.31% 3.23% 3.61% 7.88% 4.94% 3.76%
Price to Book 4.21 x 6.88 x 5.86 x 3.77 x 2.65 x 1.98 x 1.72 x 1.49 x
Nbr of stocks (in thousands) 402,869 402,869 402,869 402,869 406,371 406,760 - -
Reference price 2 52.79 101.5 100.9 79.92 63.12 53.81 53.81 53.81
Announcement Date 20-04-28 21-03-29 22-03-28 23-03-19 24-03-25 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 8,701 9,831 11,841 15,811 11,478 13,617 15,797 17,277
EBITDA 1 1,778 1,827 2,022 2,789 2,625 2,499 3,024 3,342
EBIT 1 1,399 1,434 1,444 2,147 1,869 1,912 2,402 2,713
Operating Margin 16.08% 14.58% 12.19% 13.58% 16.29% 14.04% 15.2% 15.7%
Earnings before Tax (EBT) 1 1,398 1,420 1,440 2,135 1,866 1,943 2,387 2,718
Net income 1 1,170 1,210 1,222 1,794 1,565 1,641 1,994 2,272
Net margin 13.44% 12.3% 10.32% 11.35% 13.64% 12.05% 12.62% 13.15%
EPS 2 2.904 3.003 3.033 4.454 3.868 4.028 4.826 5.590
Free Cash Flow 1 - - 122.3 957.4 885.3 1,617 934 660
FCF margin - - 1.03% 6.06% 7.71% 11.88% 5.91% 3.82%
FCF Conversion (EBITDA) - - 6.05% 34.33% 33.73% 64.71% 30.88% 19.75%
FCF Conversion (Net income) - - 10.01% 53.36% 56.57% 98.55% 46.85% 29.05%
Dividend per Share 2 0.5000 0.5000 0.5000 1.000 0.8800 0.8900 1.369 1.278
Announcement Date 20-04-28 21-03-29 22-03-28 23-03-19 24-03-25 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 2,600 5,268 4,298 3,537 2,708 4,500 2,567 2,207 3,176 4,397 3,250 2,987 - -
EBITDA 1 - 1,210 826.3 419.8 - - - - - 700 544.1 508.5 - -
EBIT 1 236.9 1,075 715.5 176.1 180.3 889.4 446.9 283.7 500.1 597.3 441.5 405.8 - -
Operating Margin 9.11% 20.41% 16.65% 4.98% 6.66% 19.76% 17.41% 12.85% 15.75% 13.58% 13.58% 13.58% - -
Earnings before Tax (EBT) 1 232.7 1,075 718 162.1 180.5 889.3 446.7 283.7 500.1 597.3 441.5 397.6 - -
Net income 1 206.5 904.3 610.2 123.8 155.9 754.3 369.5 237 429.1 597.3 441.5 55.53 - -
Net margin 7.94% 17.17% 14.2% 3.5% 5.76% 16.76% 14.4% 10.74% 13.51% 13.58% 13.58% 1.86% - -
EPS 2 0.5077 2.245 1.515 0.3077 0.3846 1.872 0.9169 0.5797 1.056 1.470 1.086 0.1366 - -
Dividend per Share 2 0.5000 - - - - - - - - 0.2187 0.2187 0.2187 0.2502 0.2502
Announcement Date 22-03-28 22-04-25 22-08-28 22-10-24 23-03-19 23-04-24 23-08-28 23-10-23 24-04-22 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - 887 1,185 2,547 1,142 1,365 2,964 4,336
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - 122 957 885 1,617 934 660
ROE (net income / shareholders' equity) 25.5% 22.2% 17.6% 23.2% 17.3% 15% 16.1% 15.7%
ROA (Net income/ Total Assets) 11.6% 11.8% 9.48% 12.9% 9.88% 9.7% 10.6% 10.5%
Assets 1 10,063 10,267 12,893 13,948 15,843 16,915 18,897 21,635
Book Value Per Share 2 12.50 14.80 17.20 21.20 23.80 27.20 31.30 36.10
Cash Flow per Share 2 3.400 3.420 3.610 5.270 5.890 6.190 7.100 6.670
Capex 1 779 1,162 1,330 1,167 1,509 759 1,253 1,122
Capex / Sales 8.95% 11.82% 11.23% 7.38% 13.15% 5.57% 7.93% 6.49%
Announcement Date 20-04-28 21-03-29 22-03-28 23-03-19 24-03-25 - - -
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
53.81 CNY
Average target price
78.42 CNY
Spread / Average Target
+45.73%
Consensus
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