Financials Jiangxi Wannianqing Cement Co., Ltd.

Equities

000789

CNE000000SZ5

Construction Materials

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
5.41 CNY -3.57% Intraday chart for Jiangxi Wannianqing Cement Co., Ltd. -5.25% -21.14%

Valuation

Fiscal Period: December 2019 2020 2021 2023 2024 2025 2026
Capitalization 1 9,736 10,605 9,744 5,470 4,314 - -
Enterprise Value (EV) 1 7,873 8,542 9,744 5,470 4,314 4,314 4,314
P/E ratio 7.11 x 7.52 x 6.41 x 23.4 x 14.2 x 12.7 x 11.9 x
Yield 5.73% 5.26% 6.55% - - - -
Capitalization / Revenue 0.85 x 0.85 x 0.69 x 0.67 x 0.54 x 0.53 x 0.53 x
EV / Revenue 0.85 x 0.85 x 0.69 x 0.67 x 0.54 x 0.53 x 0.53 x
EV / EBITDA 3.03 x 3.19 x 2.72 x 5.12 x 2.8 x 2.51 x 2.39 x
EV / FCF 6,602,030 x 14,367,211 x 13,649,234 x - - - -
FCF Yield 0% 0% 0% - - - -
Price to Book 1.92 x 1.7 x 1.34 x 0.78 x 0.6 x 0.58 x 0.56 x
Nbr of stocks (in thousands) 797,374 797,374 797,401 797,403 797,403 - -
Reference price 2 12.21 13.30 12.22 6.860 5.410 5.410 5.410
Announcement Date 3/25/20 3/26/21 3/25/22 3/27/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2023 2024 2025 2026
Net sales 1 11,390 12,529 14,205 8,190 7,947 8,088 8,216
EBITDA 1 3,210 3,324 3,588 1,069 1,542 1,722 1,805
EBIT 1 2,804 2,907 3,054 510.4 587.4 650.1 713.1
Operating Margin 24.62% 23.2% 21.5% 6.23% 7.39% 8.04% 8.68%
Earnings before Tax (EBT) 1 2,673 2,861 3,035 508.5 614.6 680.8 742
Net income 1 1,369 1,481 1,593 228.6 304.7 335.4 363.9
Net margin 12.02% 11.82% 11.22% 2.79% 3.83% 4.15% 4.43%
EPS 2 1.717 1.768 1.906 0.2936 0.3800 0.4250 0.4550
Free Cash Flow 1,475 738.1 713.9 - - - -
FCF margin 12.95% 5.89% 5.03% - - - -
FCF Conversion (EBITDA) 45.93% 22.2% 19.89% - - - -
FCF Conversion (Net income) 107.72% 49.86% 44.81% - - - -
Dividend per Share 0.7000 0.7000 0.8000 - - - -
Announcement Date 3/25/20 3/26/21 3/25/22 3/27/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2023 2024 2025 2026
Net Debt - - - - - - -
Net Cash position 1,863 2,063 - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1,475 738 714 - - - -
ROE (net income / shareholders' equity) 30% 26% 23.2% 3.3% 4.07% 4.35% 4.55%
ROA (Net income/ Total Assets) 12.5% 11% - - - - -
Assets 1 10,930 13,472 - - - - -
Book Value Per Share 2 6.350 7.830 9.120 8.750 9.070 9.340 9.690
Cash Flow per Share 2 3.080 - 2.350 0.9600 1.620 0.4800 2.140
Capex 1 1,018 1,499 1,159 601 1,339 775 754
Capex / Sales 8.93% 11.96% 8.16% 7.34% 16.85% 9.59% 9.18%
Announcement Date 3/25/20 3/26/21 3/25/22 3/27/24 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
5.41 CNY
Average target price
7.165 CNY
Spread / Average Target
+32.44%
Consensus

Annual profits - Rate of surprise

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