JIAXING GAS GROUP CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7.6 HKD | +1.06% |
|
+0.93% | -1.17% |
| 03-27 | JiaXing Gas' 2023 Profit Surges 245% | MT |
| 03-25 | JiaXing Gas Group Co., Ltd. Proposes Final Cash Dividend for the Year Ended 31 December 2023, Payable on 5 July 2024 | CI |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Capitalization 1 | 1,190 | 1,348 | 1,035 | 963.5 |
| Enterprise Value (EV) 1 | 1,115 | 1,420 | 1,136 | 969.6 |
| P/E ratio | 10.9 x | 11.5 x | 14.9 x | 4.03 x |
| Yield | 2.9% | 2.76% | 2.66% | 8.58% |
| Capitalization / Revenue | 0.93 x | 0.68 x | 0.3 x | 0.33 x |
| EV / Revenue | 0.88 x | 0.71 x | 0.33 x | 0.33 x |
| EV / EBITDA | 5.45 x | 7.05 x | 8.07 x | 4.48 x |
| EV / FCF | 7.84 x | 30.6 x | 308 x | 2.38 x |
| FCF Yield | 12.7% | 3.26% | 0.32% | 42% |
| Price to Book | 1.62 x | 1.68 x | 1.23 x | 0.94 x |
| Nbr of stocks (in thousands) | 137,845 | 137,845 | 137,845 | 137,845 |
| Reference price 2 | 8.635 | 9.778 | 7.507 | 6.990 |
| Announcement Date | 21-04-26 | 22-04-28 | 23-04-24 | 24-04-24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,259 | 1,330 | 1,274 | 1,989 | 3,466 | 2,956 |
| EBITDA 1 | 155 | 182 | 204.8 | 201.4 | 140.8 | 216.4 |
| EBIT 1 | 105.8 | 132.1 | 154.1 | 155.5 | 87.36 | 150.2 |
| Operating Margin | 8.41% | 9.93% | 12.1% | 7.82% | 2.52% | 5.08% |
| Earnings before Tax (EBT) 1 | 95.63 | 117.3 | 125.5 | 158.1 | 102.4 | 282.3 |
| Net income 1 | 70.34 | 86.9 | 92.52 | 117.4 | 69.34 | 239 |
| Net margin | 5.59% | 6.53% | 7.26% | 5.9% | 2% | 8.08% |
| EPS 2 | 0.7034 | 0.8690 | 0.7898 | 0.8515 | 0.5031 | 1.734 |
| Free Cash Flow 1 | 71.57 | 60.85 | 142.2 | 46.35 | 3.688 | 406.9 |
| FCF margin | 5.69% | 4.57% | 11.16% | 2.33% | 0.11% | 13.76% |
| FCF Conversion (EBITDA) | 46.17% | 33.44% | 69.43% | 23.01% | 2.62% | 188% |
| FCF Conversion (Net income) | 101.74% | 70.02% | 153.69% | 39.48% | 5.32% | 170.26% |
| Dividend per Share 2 | 0.7000 | - | 0.2500 | 0.2700 | 0.2000 | 0.6000 |
| Announcement Date | 20-06-30 | 20-06-30 | 21-04-26 | 22-04-28 | 23-04-24 | 24-04-24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 299 | 292 | - | 72.6 | 102 | 6.15 |
| Net Cash position 1 | - | - | 75 | - | - | - |
| Leverage (Debt/EBITDA) | 1.929 x | 1.604 x | - | 0.3602 x | 0.7215 x | 0.0284 x |
| Free Cash Flow 1 | 71.6 | 60.8 | 142 | 46.3 | 3.69 | 407 |
| ROE (net income / shareholders' equity) | 24.3% | 25.7% | 17.2% | 15.4% | 9.03% | 25.7% |
| ROA (Net income/ Total Assets) | 4.92% | 6.04% | 6.28% | 5.27% | 2.7% | 3.97% |
| Assets 1 | 1,431 | 1,440 | 1,474 | 2,227 | 2,566 | 6,022 |
| Book Value Per Share 2 | 3.240 | 3.410 | 5.340 | 5.820 | 6.110 | 7.440 |
| Cash Flow per Share 2 | 0.8600 | 0.6300 | 2.480 | 1.880 | 1.600 | 2.490 |
| Capex 1 | 38 | 34.9 | 27.6 | 60.6 | 94.8 | - |
| Capex / Sales | 3.02% | 2.62% | 2.17% | 3.05% | 2.73% | - |
| Announcement Date | 20-06-30 | 20-06-30 | 21-04-26 | 22-04-28 | 23-04-24 | 24-04-24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -1.17% | 134M | |
| +5.02% | 15B | |
| +14.06% | 8.9B | |
| +11.00% | 7.96B | |
| +6.25% | 8.06B | |
| +32.63% | 5.98B | |
| -28.62% | 5.52B | |
| +20.57% | 5.47B | |
| +1.26% | 5.22B | |
| -1.56% | 4.97B |
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