Financials Longjian Road&Bridge Co.,Ltd

Equities

600853

CNE000000G21

Construction & Engineering

End-of-day quote Shanghai S.E. 18:00:00 2024-04-28 EDT 5-day change 1st Jan Change
3.89 CNY +2.64% Intraday chart for Longjian Road&Bridge Co.,Ltd +11.14% -8.90%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,229 2,663 2,703 2,811 3,806 4,334
Enterprise Value (EV) 1 6,812 8,462 6,700 8,601 10,511 14,270
P/E ratio 14.6 x 11.9 x 12 x 10.3 x 11 x 12.9 x
Yield 0.87% 0.94% 0.62% 1.26% 0.93% -
Capitalization / Revenue 0.21 x 0.24 x 0.23 x 0.18 x 0.22 x 0.25 x
EV / Revenue 0.65 x 0.76 x 0.57 x 0.57 x 0.62 x 0.82 x
EV / EBITDA 14 x 12.5 x 10.6 x 9.6 x 11.8 x 13.7 x
EV / FCF -107 x 12.3 x 3.01 x 390 x 42.9 x -14.6 x
FCF Yield -0.94% 8.16% 33.3% 0.26% 2.33% -6.87%
Price to Book 1.44 x 1.45 x 1.43 x 1.31 x 1.54 x 1.58 x
Nbr of stocks (in thousands) 1,004,902 1,004,902 1,004,902 1,014,903 1,014,903 1,014,903
Reference price 2 2.218 2.650 2.690 2.770 3.750 4.270
Announcement Date 19-03-29 20-04-19 21-03-30 22-03-30 23-03-30 24-04-19
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 10,505 11,106 11,837 15,198 16,959 17,428
EBITDA 1 486.6 676.3 633.6 896.4 892.8 1,044
EBIT 1 401.2 590 546.8 803.1 780.9 876
Operating Margin 3.82% 5.31% 4.62% 5.28% 4.6% 5.03%
Earnings before Tax (EBT) 1 216.9 306.2 280.8 373.2 476.7 499.7
Net income 1 146.3 223.2 224.5 268.8 349.3 334.1
Net margin 1.39% 2.01% 1.9% 1.77% 2.06% 1.92%
EPS 2 0.1519 0.2221 0.2234 0.2700 0.3400 0.3300
Free Cash Flow 1 -63.79 690.2 2,229 22.07 245.2 -980.2
FCF margin -0.61% 6.21% 18.83% 0.15% 1.45% -5.62%
FCF Conversion (EBITDA) - 102.07% 351.81% 2.46% 27.47% -
FCF Conversion (Net income) - 309.24% 993.08% 8.21% 70.2% -
Dividend per Share 2 0.0192 0.0250 0.0167 0.0350 0.0350 -
Announcement Date 19-03-29 20-04-19 21-03-30 22-03-30 23-03-30 24-04-19
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 4,583 5,799 3,997 5,790 6,705 9,936
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 9.419 x 8.576 x 6.309 x 6.459 x 7.509 x 9.519 x
Free Cash Flow 1 -63.8 690 2,229 22.1 245 -980
ROE (net income / shareholders' equity) 10.5% 11.3% 8.08% 8.7% 9.37% 7.93%
ROA (Net income/ Total Assets) 1.78% 2.1% 1.58% 2.01% 1.65% 1.59%
Assets 1 8,212 10,628 14,184 13,408 21,153 21,058
Book Value Per Share 2 1.540 1.830 1.890 2.120 2.430 2.700
Cash Flow per Share 2 1.850 2.610 4.740 5.320 6.300 4.170
Capex 1 140 174 310 1,027 989 154
Capex / Sales 1.33% 1.57% 2.61% 6.76% 5.83% 0.88%
Announcement Date 19-03-29 20-04-19 21-03-30 22-03-30 23-03-30 24-04-19
1CNY in Million2CNY
Estimates
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