Financials Zhejiang Giuseppe Garment Co., Ltd

Equities

002687

CNE100001HJ9

Apparel & Accessories

End-of-day quote Shenzhen S.E. Other stock markets 18:00:00 2024-05-16 EDT			5-day change	1st Jan Change
4.74 ^CNY	-0.63%		-0.42%	-10.18%

04-24	Zhejiang Giuseppe Garment Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
04-02	Tranche Update on Zhejiang Giuseppe Garment Co., Ltd's Equity Buyback Plan announced on February 6, 2024.	CI

Valuation

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Capitalization ¹	2,254	2,362	2,355	2,542	2,332	-
Enterprise Value (EV) ¹	2,254	2,362	2,355	2,542	2,332	2,332
P/E ratio	15.7 x	12.9 x	20.3 x	13.3 x	10.3 x	8.94 x
Yield	-	2.83%	3.09%	3.75%	4.85%	5.49%
Capitalization / Revenue	-	1.81 x	1.84 x	1.7 x	1.37 x	1.2 x
EV / Revenue	-	1.81 x	1.84 x	1.7 x	1.37 x	1.2 x
EV / EBITDA	-	8.11 x	10.5 x	8.4 x	7.33 x	6.52 x
EV / FCF	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-
Price to Book	-	1.91 x	1.82 x	1.74 x	1.44 x	1.32 x
Nbr of stocks (in thousands)	512,575	489,348	489,348	481,725	492,069	-
Reference price ²	4.397	4.828	4.812	5.277	4.740	4.740
Announcement Date	4/8/21	4/15/22	4/28/23	2/28/24	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Net sales ¹	-	1,304	1,279	1,492	1,702	1,941
EBITDA ¹	-	291.2	224.1	302.8	318	358
EBIT ¹	-	235.2	165.6	243	270	309
Operating Margin	-	18.04%	12.94%	16.29%	15.86%	15.92%
Earnings before Tax (EBT) ¹	-	230.9	160.3	237.2	270	309
Net income ¹	143.9	186.8	121.5	203.1	231.7	265.6
Net margin	-	14.33%	9.49%	13.61%	13.61%	13.68%
EPS ²	0.2800	0.3756	0.2376	0.3960	0.4600	0.5300
Free Cash Flow	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-
Dividend per Share ²	-	0.1366	0.1485	0.1980	0.2300	0.2600
Announcement Date	4/8/21	4/15/22	4/28/23	2/28/24	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q1
Net sales	-
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income	-
Net margin	-
EPS ¹	0.0495
Dividend per Share	-
Announcement Date	4/28/23

¹CNY

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	15%	9%	14.9%	14.5%	15.3%
ROA (Net income/ Total Assets)	-	10%	-	9.65%	10%	10.5%
Assets ¹	-	1,860	-	2,105	2,317	2,529
Book Value Per Share ²	-	2.530	2.650	3.030	3.290	3.590
Cash Flow per Share ²	-	0.5800	0.1300	0.8700	0.1700	0.5200
Capex ¹	-	72.1	39.4	27.1	15	15
Capex / Sales	-	5.53%	3.08%	1.82%	0.88%	0.77%
Announcement Date	4/8/21	4/15/22	4/28/23	2/28/24	-	-

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

Ratings for Zhejiang Giuseppe Garment Co., Ltd

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

4.74 CNY

Average target price

5.94 CNY

Spread / Average Target

+25.32%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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