NANJING SECURITIES CO., LTD. Financials Nanjing Securities Co., Ltd.
Equities
601990
CNE1000031R9
Investment Banking & Brokerage Services
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8.11 CNY | -1.22% |
|
-1.10% | +1.63% |
| 04-26 | Nanjing Securities' Q1 Profit Jumps 21% | MT |
| 04-26 | Nanjing Securities' 2023 Profit Rises 5%; Shares Up 3% | MT |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 23,916 | 42,588 | 45,232 | 36,532 | 29,233 | 29,417 |
| Enterprise Value (EV) 1 | 21,786 | 43,636 | 45,307 | 41,064 | 33,005 | 39,419 |
| P/E ratio | 96.7 x | 58.7 x | 51.1 x | 36.7 x | 44.1 x | 44.3 x |
| Yield | 1.15% | 0.54% | 1.06% | 1.01% | 1.26% | 1% |
| Capitalization / Revenue | 19.8 x | 19.4 x | 19.9 x | 13.7 x | 14.5 x | 12 x |
| EV / Revenue | 18 x | 19.9 x | 19.9 x | 15.4 x | 16.4 x | 16 x |
| EV / EBITDA | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - |
| Price to Book | 2.26 x | 3.84 x | 2.87 x | 2.22 x | 1.77 x | 1.71 x |
| Nbr of stocks (in thousands) | 3,298,823 | 3,298,823 | 3,686,361 | 3,686,361 | 3,686,361 | 3,686,361 |
| Reference price 2 | 7.250 | 12.91 | 12.27 | 9.910 | 7.930 | 7.980 |
| Announcement Date | 19-04-22 | 20-04-01 | 21-04-29 | 22-04-26 | 23-04-28 | 24-04-26 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,208 | 2,190 | 2,274 | 2,674 | 2,010 | 2,458 |
| EBITDA | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | 307.8 | 946.1 | 1,038 | 1,260 | 786.2 | 844.1 |
| Net income 1 | 231.8 | 709.8 | 809.6 | 977.3 | 645.7 | 677 |
| Net margin | 19.18% | 32.41% | 35.6% | 36.55% | 32.12% | 27.54% |
| EPS 2 | 0.0750 | 0.2200 | 0.2400 | 0.2700 | 0.1800 | 0.1800 |
| Free Cash Flow | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share 2 | 0.0833 | 0.0700 | 0.1300 | 0.1000 | 0.1000 | 0.0800 |
| Announcement Date | 19-04-22 | 20-04-01 | 21-04-29 | 22-04-26 | 23-04-28 | 24-04-26 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | 1,048 | 75.7 | 4,532 | 3,772 | 10,002 |
| Net Cash position 1 | 2,130 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 2.34% | 6.53% | 6.01% | 6.03% | 3.86% | 3.98% |
| ROA (Net income/ Total Assets) | 0.98% | 2.35% | 2.02% | 2.05% | 1.26% | 1.24% |
| Assets 1 | 23,741 | 30,191 | 40,043 | 47,725 | 51,350 | 54,594 |
| Book Value Per Share 2 | 3.210 | 3.360 | 4.280 | 4.460 | 4.480 | 4.660 |
| Cash Flow per Share 2 | 0.2200 | 0.4100 | 0.5900 | 0.3100 | 0.4800 | 0.2800 |
| Capex 1 | 159 | 120 | 86.9 | 80.2 | 73.9 | 113 |
| Capex / Sales | 13.15% | 5.47% | 3.82% | 3% | 3.68% | 4.61% |
| Announcement Date | 19-04-22 | 20-04-01 | 21-04-29 | 22-04-26 | 23-04-28 | 24-04-26 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +1.63% | 4.19B | |
| -7.69% | 28.83B | |
| -7.86% | 15.8B | |
| -0.48% | 14.37B | |
| +44.41% | 12.91B | |
| -13.85% | 12.13B | |
| -4.37% | 9.1B | |
| -14.90% | 7.04B | |
| +8.53% | 6.08B | |
| -5.93% | 5.72B |
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