JINKOSOLAR HOLDING CO., LTD. Financials JinkoSolar Holding Co., Ltd.
Equities
JKS
US47759T1007
Renewable Energy Equipment & Services
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 24.12 USD | -2.55% |
|
+5.42% | -34.70% |
| 04-29 | Sector Update: Tech Stocks Steady Premarket Monday | MT |
| 04-29 | Transcript : JinkoSolar Holding Co., Ltd., Q1 2024 Earnings Call, Apr 29, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 996.2 | 2,802 | 2,192 | 2,049 | 1,905 | 1,282 | - | - |
| Enterprise Value (EV) 1 | 3,000 | 5,739 | 6,643 | 7,379 | 1,905 | 4,852 | 5,090 | 3,583 |
| P/E ratio | 8.06 x | 78.3 x | 19.4 x | 21.2 x | 4.31 x | 7.03 x | 3.96 x | 3.8 x |
| Yield | - | - | - | - | - | - | 0.42% | - |
| Capitalization / Revenue | 0.23 x | 0.52 x | 0.34 x | 0.17 x | 0.11 x | 0.08 x | 0.07 x | 0.06 x |
| EV / Revenue | 0.7 x | 1.07 x | 1.04 x | 0.61 x | 0.11 x | 0.29 x | 0.26 x | 0.16 x |
| EV / EBITDA | 8.29 x | 12.3 x | 22.4 x | 15.8 x | - | 3.7 x | 2.91 x | 1.76 x |
| EV / FCF | -9.39 x | -10.5 x | -5.35 x | -2.83 x | - | -17 x | 26.4 x | 1.93 x |
| FCF Yield | -10.7% | -9.52% | -18.7% | -35.4% | - | -5.87% | 3.79% | 51.9% |
| Price to Book | 0.75 x | 1.89 x | 1.26 x | 0.87 x | - | 0.36 x | 0.31 x | 0.26 x |
| Nbr of stocks (in thousands) | 44,296 | 45,294 | 47,692 | 50,124 | 51,572 | 53,155 | - | - |
| Reference price 2 | 22.49 | 61.87 | 45.96 | 40.88 | 36.94 | 24.12 | 24.12 | 24.12 |
| Announcement Date | 20-03-13 | 21-04-09 | 22-03-23 | 23-03-10 | 24-03-20 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,273 | 5,384 | 6,407 | 12,111 | 16,716 | 16,545 | 19,496 | 23,046 |
| EBITDA 1 | 361.9 | 466.3 | 297.1 | 465.9 | - | 1,311 | 1,747 | 2,039 |
| EBIT 1 | 248.4 | 273.6 | 173 | 66.84 | 858.1 | 204.5 | 747.2 | 903 |
| Operating Margin | 5.81% | 5.08% | 2.7% | 0.55% | 5.13% | 1.24% | 3.83% | 3.92% |
| Earnings before Tax (EBT) 1 | 179.7 | 86.8 | 171 | 291.2 | 1,055 | 382.2 | 546.2 | 450.3 |
| Net income 1 | 129.1 | 35.31 | 113.1 | 96.44 | 485.6 | 260.7 | 350 | 478.7 |
| Net margin | 3.02% | 0.66% | 1.77% | 0.8% | 2.9% | 1.58% | 1.8% | 2.08% |
| EPS 2 | 2.790 | 0.7900 | 2.370 | 1.930 | 8.580 | 3.433 | 6.092 | 6.345 |
| Free Cash Flow 1 | -319.6 | -546.4 | -1,241 | -2,611 | - | -285 | 193 | 1,859 |
| FCF margin | -7.48% | -10.15% | -19.37% | -21.56% | - | -1.72% | 0.99% | 8.07% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | 11.05% | 91.18% |
| FCF Conversion (Net income) | - | - | - | - | - | - | 55.14% | 388.36% |
| Dividend per Share 2 | - | - | - | - | - | - | 0.1003 | - |
| Announcement Date | 20-03-13 | 21-04-09 | 22-03-23 | 23-03-10 | 24-03-20 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,330 | 2,572 | 2,329 | 2,813 | 2,744 | 4,408 | 3,397 | 4,232 | 4,363 | 4,624 | 3,192 | 3,913 | 4,690 | 5,088 | 4,111 |
| EBITDA 1 | 65.9 | 148.3 | 69.01 | 41.35 | 66.51 | - | - | - | - | - | 244 | 311.4 | 398.6 | 476.9 | 358.7 |
| EBIT 1 | 17.3 | 76.24 | 6.429 | -43.16 | 8.874 | 93.68 | 176.4 | 212.1 | 409.8 | 49.64 | -47.04 | - | - | 198.6 | 106 |
| Operating Margin | 1.3% | 2.96% | 0.28% | -1.53% | 0.32% | 2.13% | 5.19% | 5.01% | 9.39% | 1.07% | -1.47% | - | - | 3.9% | 2.58% |
| Earnings before Tax (EBT) | 31.64 | 70.18 | 26.64 | -34.08 | 127.9 | 168 | 222.6 | 370.9 | 377 | - | 197.2 | 6.037 | 92.14 | 182.6 | 119 |
| Net income 1 | 30.14 | 37.58 | 4.567 | -93.05 | 77.29 | 102.9 | 114.8 | 180.1 | 181.4 | 4.13 | 84.4 | 24.95 | 62.88 | 88.52 | 47.46 |
| Net margin | 2.27% | 1.46% | 0.2% | -3.31% | 2.82% | 2.33% | 3.38% | 4.26% | 4.16% | 0.09% | 2.64% | 0.64% | 1.34% | 1.74% | 1.15% |
| EPS 2 | 0.6300 | 0.7900 | 0.1000 | -1.880 | 0.9000 | 0.8500 | 2.180 | 3.060 | 2.530 | 0.0800 | 0.7400 | - | 1.125 | 1.552 | 0.8298 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 21-11-30 | 22-03-23 | 22-04-28 | 22-08-26 | 22-10-28 | 23-03-10 | 23-04-28 | 23-08-14 | 23-10-30 | 24-03-20 | 24-04-29 | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,003 | 2,936 | 4,451 | 5,330 | - | 2,915 | 2,925 | 2,227 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.536 x | 6.296 x | 14.98 x | 11.44 x | - | 2.358 x | 1.674 x | 1.309 x |
| Free Cash Flow 1 | -320 | -546 | -1,241 | -2,611 | - | -285 | 193 | 1,859 |
| ROE (net income / shareholders' equity) | 10.5% | 2.39% | 6.85% | 4.85% | - | 4.93% | 9.74% | 9.16% |
| ROA (Net income/ Total Assets) | 2.15% | 0.46% | 1.14% | 0.73% | - | 2.85% | 3.47% | 8% |
| Assets 1 | 6,012 | 7,675 | 9,903 | 13,171 | - | 9,146 | 10,096 | 5,984 |
| Book Value Per Share 2 | 29.90 | 32.70 | 36.30 | 47.20 | - | 67.20 | 77.30 | 94.30 |
| Cash Flow per Share 2 | 4.700 | 2.130 | 1.360 | -17.00 | - | 16.50 | 4.510 | 25.30 |
| Capex 1 | 519 | 638 | 1,306 | 1,772 | - | 1,627 | 1,474 | 994 |
| Capex / Sales | 12.14% | 11.84% | 20.38% | 14.63% | - | 9.83% | 7.56% | 4.31% |
| Announcement Date | 20-03-13 | 21-04-09 | 22-03-23 | 23-03-10 | 24-03-20 | - | - | - |
1USD in Million2USD
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
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
24.12
USD
Average target price
35.2
USD
Spread / Average Target
+45.93%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -34.70% | 1.28B | |
| -20.52% | 19.05B | |
| +2.33% | 18.87B | |
| -17.69% | 14.8B | |
| -13.30% | 13.5B | |
| -14.56% | 10.46B | |
| +44.31% | 8.07B | |
| -17.35% | 7.22B | |
| -31.37% | 6.52B | |
| +19.74% | 6.22B |
- Stock Market
- Equities
- JKS Stock
- Financials JinkoSolar Holding Co., Ltd.
