JOINTO ENERGY INVESTMENT CO., LTD. HEBEI

Financials Jointo Energy Investment Co., Ltd. Hebei

Equities

000600

CNE000000FT5

Independent Power Producers

End-of-day quote Shenzhen S.E. Other stock markets 18:00:00 2024-06-27 EDT			5-day change	1st Jan Change
6.3 ^CNY	+4.13%		+1.94%	+25.75%

06-19	Jointo Energy Investment Co., Ltd. Hebei Announces Cash Dividend on Share A for 2023, Payable on 26 June 2024	CI
05-20	Jointo Energy Investment Co., Ltd. Hebei Approves Final Cash Dividend for 2023	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	8,761	10,051	9,119	9,406	8,976	11,399	-	-
Enterprise Value (EV) ¹	8,761	10,051	9,119	9,406	8,976	11,399	11,399	11,399
P/E ratio	13.7 x	10.9 x	-4.12 x	92.1 x	53.9 x	16.4 x	12.8 x	11.5 x
Yield	2.45%	-	-	-	-	-	-	-
Capitalization / Revenue	0.63 x	0.71 x	0.61 x	0.51 x	0.47 x	0.58 x	0.55 x	0.52 x
EV / Revenue	0.63 x	0.71 x	0.61 x	0.51 x	0.47 x	0.58 x	0.55 x	0.52 x
EV / EBITDA	3.29 x	3.18 x	-4.99 x	6.54 x	5.72 x	3.47 x	2.97 x	2.82 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	0.76 x	0.83 x	0.95 x	0.96 x	0.91 x	1.09 x	1.04 x	1.01 x
Nbr of stocks (in thousands)	1,791,626	1,791,626	1,791,626	1,791,626	1,791,626	1,809,299	-	-
Reference price ²	4.890	5.610	5.090	5.250	5.010	6.300	6.300	6.300
Announcement Date	20-03-23	21-03-31	22-04-20	23-04-14	24-04-13	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	13,964	14,219	15,041	18,306	18,946	19,808	20,635	21,888
EBITDA ¹	2,667	3,164	-1,828	1,438	1,569	3,285	3,839	4,038
EBIT ¹	1,129	1,501	-3,362	125.3	166.1	996.7	1,338	1,469
Operating Margin	8.09%	10.55%	-22.35%	0.68%	0.88%	5.03%	6.48%	6.71%
Earnings before Tax (EBT) ¹	1,137	1,502	-3,234	242.6	279.5	1,113	1,453	1,584
Net income ¹	639.6	924.9	-2,210	103	167	691.3	893.2	987.7
Net margin	4.58%	6.5%	-14.7%	0.56%	0.88%	3.49%	4.33%	4.51%
EPS ²	0.3570	0.5160	-1.234	0.0570	0.0930	0.3833	0.4933	0.5467
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share	0.1200	-	-	-	-	-	-	-
Announcement Date	20-03-23	21-03-31	22-04-20	23-04-14	24-04-13	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 S1
Net sales	-	-
EBITDA	-	-
EBIT	-	-
Operating Margin	-	-
Earnings before Tax (EBT)	-	-
Net income ¹	-1,470	-59.08
Net margin	-	-
EPS	-	-0.0330
Dividend per Share	-	-
Announcement Date	22-04-20	22-08-24

¹CNY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	5.72%	7.84%	-20.2%	1.07%	1.7%	6.2%	7.69%	8.2%
ROA (Net income/ Total Assets)	1.99%	-	-	-	0.44%	1.4%	1.84%	1.72%
Assets ¹	32,106	-	-	-	37,539	49,378	48,545	57,422
Book Value Per Share ²	6.400	6.790	5.350	5.440	5.520	5.780	6.030	6.220
Cash Flow per Share ²	1.390	1.470	0.0800	1.070	1.180	1.370	1.640	1.820
Capex ¹	1,468	1,036	1,532	1,464	1,990	2,700	3,303	2,005
Capex / Sales	10.51%	7.28%	10.19%	8%	10.5%	13.63%	16%	9.16%
Announcement Date	20-03-23	21-03-31	22-04-20	23-04-14	24-04-13	-	-	-

¹CNY in Million²CNY

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for Jointo Energy Investment Co., Ltd. Hebei

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

6.3 CNY

Average target price

7.555 CNY

Spread / Average Target

+19.92%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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