Financials Jiangsu Shentong Valve Co., Ltd.

Equities

002438

CNE100000QH6

Industrial Machinery & Equipment

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-05-14 pm EDT			5-day change	1st Jan Change
13.14 ^CNY	-1.05%		-1.50%	+9.96%

Apr. 29	Jiangsu Shentong Valve Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 22	Jiangsu Shentong Valve Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	3,930	6,480	9,963	5,547	6,065	6,669	-	-
Enterprise Value (EV) ¹	3,930	6,480	9,963	5,547	6,065	6,669	6,669	6,669
P/E ratio	21.7 x	30 x	39.3 x	24.4 x	22.6 x	19.9 x	16.3 x	13.7 x
Yield	0.62%	0.37%	0.24%	0.46%	1.34%	0.95%	1.18%	0.53%
Capitalization / Revenue	2.88 x	4.09 x	5.22 x	2.84 x	2.84 x	2.64 x	2.24 x	1.85 x
EV / Revenue	2.88 x	4.09 x	5.22 x	2.84 x	2.84 x	2.64 x	2.24 x	1.85 x
EV / EBITDA	14.3 x	19.1 x	25.7 x	14.4 x	12.7 x	10.7 x	9.17 x	7.64 x
EV / FCF	-	-	-36,410,158 x	-	-	-	-	-
FCF Yield	-	-	-0%	-	-	-	-	-
Price to Book	1.98 x	3 x	4.17 x	1.88 x	1.85 x	1.81 x	1.65 x	1.5 x
Nbr of stocks (in thousands)	485,756	485,756	485,756	507,537	507,537	507,537	-	-
Reference price ²	8.090	13.34	20.51	10.93	11.95	13.14	13.14	13.14
Announcement Date	1/19/20	1/19/21	4/18/22	4/17/23	4/22/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,363	1,586	1,910	1,955	2,133	2,527	2,974	3,601
EBITDA ¹	274	338.6	387.8	385.2	477.8	620.8	727.6	873
EBIT ¹	186.1	247	300.4	257.1	296.7	366.7	449.6	534.8
Operating Margin	13.65%	15.58%	15.73%	13.15%	13.91%	14.51%	15.12%	14.85%
Earnings before Tax (EBT) ¹	205.6	249.4	297.2	255.9	294.7	368	451.5	538.6
Net income ¹	180.7	216	253.4	227.6	268.9	334.3	410	488.1
Net margin	13.25%	13.63%	13.27%	11.64%	12.6%	13.23%	13.78%	13.56%
EPS ²	0.3720	0.4447	0.5217	0.4483	0.5297	0.6600	0.8067	0.9600
Free Cash Flow	-	-	-273.6	-	-	-	-	-
FCF margin	-	-	-14.33%	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.0500	0.0500	0.0500	0.0500	0.1600	0.1250	0.1550	0.0700
Announcement Date	1/19/20	1/19/21	4/18/22	4/17/23	4/22/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q1	2022 Q2	2022 S1	2023 Q1
Net sales ¹	-	-	-	497.1
EBITDA	-	-	-	-
EBIT	-	-	-	-
Operating Margin	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-
Net income ¹	73.8	30.38	104.2	75.97
Net margin	-	-	-	15.28%
EPS	0.1454	-	-	-
Dividend per Share	-	-	-	-
Announcement Date	4/26/22	8/15/22	8/15/22	4/27/23

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	-	-	-274	-	-	-	-	-
ROE (net income / shareholders' equity)	9.54%	10.5%	11.1%	9.06%	8.64%	9.34%	10.3%	11%
ROA (Net income/ Total Assets)	5.43%	6.22%	6.35%	-	-	5.73%	6.46%	6.93%
Assets ¹	3,329	3,474	3,988	-	-	5,834	6,346	7,044
Book Value Per Share ²	4.090	4.450	4.920	5.820	6.460	7.250	7.970	8.790
Cash Flow per Share ²	0.2300	0.3100	0.4100	0.4900	0.3700	1.270	0.5700	1.890
Capex ¹	57.2	97.5	472	722	239	299	339	91.1
Capex / Sales	4.2%	6.15%	24.73%	36.93%	11.21%	11.82%	11.39%	2.53%
Announcement Date	1/19/20	1/19/21	4/18/22	4/17/23	4/22/24	-	-	-

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 Jiangsu Shentong Valve Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

13.14 CNY

Average target price

14.55 CNY

Spread / Average Target

+10.73%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Industrial Valve Manufacturing

	1st Jan change	Capi.
JIANGSU SHENTONG VALVE CO., LTD.	+9.96%	932M
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WATTS WATER TECHNOLOGIES, INC.	+4.47%	7.2B
NEWAY VALVE (SUZHOU) CO., LTD.	+48.41%	2.16B
HELIOS TECHNOLOGIES, INC.	+13.78%	1.73B
SUFA TECHNOLOGY INDUSTRY CO., LTD., CNNC	+17.61%	992M
OMEGA FLEX, INC.	-5.03%	678M
KITZ CORPORATION	-7.30%	657M
WUXI SMART AUTO-CONTROL ENGINEERING CO., LTD.	-22.25%	400M

Industrial Valve Manufacturing