JIUMAOJIU INTERNATIONAL HOLDINGS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.66 HKD | +6.39% |
|
+3.66% | -7.21% |
| 04-22 | Jiumaojiu International To Repurchase Up to HK$100 Million Shares | MT |
| 03-26 | Jefferies Adjusts Jiumaojiu International Holdings’ Price Target to HK$8.00 From HK$9.20, Keeps at Buy | MT |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 28,869 | 16,224 | 26,778 | 7,965 | 7,519 | - | - |
| Enterprise Value (EV) 1 | 26,395 | 15,651 | 26,497 | 7,965 | 7,222 | 8,231 | 8,418 |
| P/E ratio | 221 x | 48.5 x | 614 x | 17.9 x | 12.6 x | 9.4 x | 8.29 x |
| Yield | 0.08% | 0.44% | 0.05% | - | 3.06% | 3.79% | 4.48% |
| Capitalization / Revenue | 10.6 x | 3.88 x | 6.69 x | 1.33 x | 1 x | 0.79 x | 0.7 x |
| EV / Revenue | 9.72 x | 3.74 x | 6.61 x | 1.33 x | 0.96 x | 0.87 x | 0.78 x |
| EV / EBITDA | 74.4 x | 21.5 x | 58 x | 7.97 x | 4.65 x | 4.07 x | 3.68 x |
| EV / FCF | 99.4 x | 30.1 x | 84.3 x | - | 8.99 x | 6 x | 5.81 x |
| FCF Yield | 1.01% | 3.32% | 1.19% | - | 11.1% | 16.7% | 17.2% |
| Price to Book | 9.57 x | 5.26 x | 8.44 x | - | 2 x | 1.64 x | 1.47 x |
| Nbr of stocks (in thousands) | 1,453,410 | 1,453,410 | 1,454,212 | 1,436,568 | 1,436,568 | - | - |
| Reference price 2 | 19.86 | 11.16 | 18.41 | 5.544 | 5.234 | 5.234 | 5.234 |
| Announcement Date | 21-03-23 | 22-03-23 | 23-04-27 | 24-03-22 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,687 | 2,715 | 4,180 | 4,006 | 5,986 | 7,547 | 9,512 | 10,805 |
| EBITDA 1 | 602.3 | 354.6 | 728 | 456.8 | 999.3 | 1,554 | 2,022 | 2,290 |
| EBIT 1 | 505 | 244 | 568.8 | 266.5 | 763.7 | 935.8 | 1,276 | 1,407 |
| Operating Margin | 18.79% | 8.99% | 13.61% | 6.65% | 12.76% | 12.4% | 13.41% | 13.02% |
| Earnings before Tax (EBT) 1 | 259.2 | 176.6 | 505.9 | 94.33 | 636.4 | 817.7 | 1,151 | 1,283 |
| Net income 1 | 164.4 | 124.1 | 339.9 | 49.28 | 453.5 | 602.1 | 805 | 911.4 |
| Net margin | 6.12% | 4.57% | 8.13% | 1.23% | 7.58% | 7.98% | 8.46% | 8.43% |
| EPS 2 | 0.1233 | 0.0900 | 0.2300 | 0.0300 | 0.3100 | 0.4152 | 0.5571 | 0.6312 |
| Free Cash Flow 1 | 392.9 | 265.6 | 519.9 | 314.2 | - | 803.2 | 1,373 | 1,449 |
| FCF margin | 14.62% | 9.78% | 12.44% | 7.84% | - | 10.64% | 14.43% | 13.41% |
| FCF Conversion (EBITDA) | 65.23% | 74.91% | 71.42% | 68.78% | - | 51.68% | 67.91% | 63.27% |
| FCF Conversion (Net income) | 238.95% | 214.1% | 152.94% | 637.54% | - | 133.4% | 170.56% | 159.01% |
| Dividend per Share 2 | - | 0.0168 | 0.0489 | 0.008820 | - | 0.1602 | 0.1981 | 0.2346 |
| Announcement Date | 20-03-27 | 21-03-23 | 22-03-23 | 23-04-27 | 24-03-22 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,450 | 949.5 | 1,765 | 2,021 | 2,158 | 1,899 | 2,107 | - | 3,106 | 3,498 | 3,840 |
| EBITDA | - | - | 387.8 | 384 | - | 228.2 | - | - | - | - | - |
| EBIT 1 | - | -95.05 | 328.5 | 313.3 | 255.5 | 134.7 | 131.8 | - | 335.5 | 423.8 | 390.8 |
| Operating Margin | - | -10.01% | 18.61% | 15.5% | 11.84% | 7.09% | 6.26% | - | 10.8% | 12.11% | 10.18% |
| Earnings before Tax (EBT) | 120.6 | -128.9 | 305.5 | 276.8 | 229.2 | 95.5 | -1.173 | 325.4 | 311 | - | - |
| Net income | 71.85 | -85.9 | 210 | 186 | 153.9 | 57.7 | -8.42 | - | 231.2 | - | - |
| Net margin | 4.95% | -9.05% | 11.89% | 9.2% | 7.13% | 3.04% | -0.4% | - | 7.44% | - | - |
| EPS 2 | - | - | - | 0.1300 | 0.1000 | 0.0400 | -0.0100 | 0.1500 | 0.1600 | 0.1800 | 0.1700 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 20-03-27 | 20-08-24 | 21-03-23 | 21-08-24 | 22-03-23 | 22-08-23 | 23-04-27 | 23-09-22 | 24-03-22 | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | 713 | 899 |
| Net Cash position 1 | - | 2,474 | 573 | 281 | - | 297 | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | 0.3525 x | 0.3927 x |
| Free Cash Flow 1 | 393 | 266 | 520 | 314 | - | 803 | 1,373 | 1,449 |
| ROE (net income / shareholders' equity) | 101% | 7.88% | 11.1% | 1.58% | - | 16% | 18.6% | 19.1% |
| ROA (Net income/ Total Assets) | 11.6% | 3.84% | 6.84% | 0.93% | - | 8.45% | 10.3% | 10.2% |
| Assets 1 | 1,421 | 3,230 | 4,971 | 5,271 | - | 7,125 | 7,793 | 8,904 |
| Book Value Per Share 2 | - | 2.080 | 2.120 | 2.180 | - | 2.620 | 3.200 | 3.550 |
| Cash Flow per Share 2 | - | 0.3900 | 0.5900 | 0.4700 | - | 0.9900 | 1.310 | 1.390 |
| Capex 1 | 184 | 280 | 336 | 370 | - | 667 | 664 | 686 |
| Capex / Sales | 6.86% | 10.33% | 8.05% | 9.24% | - | 8.83% | 6.98% | 6.35% |
| Announcement Date | 20-03-27 | 21-03-23 | 22-03-23 | 23-04-27 | 24-03-22 | - | - | - |
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
B+
Sell
Buy
Mean consensus
BUY
Number of Analysts
32
Last Close Price
5.234
CNY
Average target price
7.594
CNY
Spread / Average Target
+45.10%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -7.21% | 1.04B | |
| -7.25% | 198B | |
| +41.64% | 88.97B | |
| +5.33% | 38.76B | |
| -4.50% | 24.23B | |
| -6.26% | 23.17B | |
| +25.82% | 18.07B | |
| -10.82% | 14.74B | |
| +52.01% | 11.45B | |
| -0.64% | 7.13B |
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