Financials Juewei Food Co., Ltd.

Equities

603517

CNE100002RT5

Food Processing

End-of-day quote Shanghai S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
20.31 CNY +3.10% Intraday chart for Juewei Food Co., Ltd. +7.06% -24.39%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 28,271 47,193 41,970 37,181 16,955 12,675 - -
Enterprise Value (EV) 1 26,848 46,146 41,205 35,857 16,815 11,388 11,046 11,113
P/E ratio 33.7 x 67.4 x 42.7 x 161 x 48 x 18.2 x 12.6 x 13.7 x
Yield 1.14% 0.64% 0.83% 0.29% 1.86% 4.15% 4.53% 5.17%
Capitalization / Revenue 5.47 x 8.94 x 6.41 x 5.61 x 2.33 x 1.66 x 1.39 x 1.41 x
EV / Revenue 5.19 x 8.75 x 6.29 x 5.41 x 2.32 x 1.5 x 1.21 x 1.24 x
EV / EBITDA 23.6 x 41.6 x 28.7 x 62.4 x 21.8 x 8.47 x 6.99 x 6.54 x
EV / FCF 53.2 x 83.9 x 88.7 x 57.7 x -80.4 x 32.4 x 15.1 x 13.8 x
FCF Yield 1.88% 1.19% 1.13% 1.73% -1.24% 3.08% 6.61% 7.23%
Price to Book 6.19 x 9.51 x 7.36 x 5.38 x 2.46 x 1.74 x 1.52 x 1.55 x
Nbr of stocks (in thousands) 608,631 608,631 614,225 608,631 631,239 624,087 - -
Reference price 2 46.45 77.54 68.33 61.09 26.86 20.31 20.31 20.31
Announcement Date 4/21/20 4/15/21 4/27/22 4/28/23 4/29/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,172 5,276 6,549 6,623 7,261 7,617 9,112 8,993
EBITDA 1 1,136 1,110 1,437 574.4 771.3 1,345 1,581 1,701
EBIT 1 1,006 956 1,262 346.5 702.8 1,055 1,375 1,330
Operating Margin 19.45% 18.12% 19.27% 5.23% 9.68% 13.86% 15.09% 14.78%
Earnings before Tax (EBT) 1 1,050 971 1,302 367.3 540.6 999.7 1,379 1,324
Net income 1 801.2 701.4 980.9 232.5 344.3 705.8 1,017 915.8
Net margin 15.49% 13.29% 14.98% 3.51% 4.74% 9.27% 11.16% 10.18%
EPS 2 1.380 1.150 1.600 0.3800 0.5600 1.116 1.612 1.487
Free Cash Flow 1 505.1 549.8 464.6 621.7 -209.3 351 730 803
FCF margin 9.77% 10.42% 7.09% 9.39% -2.88% 4.61% 8.01% 8.93%
FCF Conversion (EBITDA) 44.47% 49.52% 32.33% 108.23% - 26.09% 46.17% 47.22%
FCF Conversion (Net income) 63.04% 78.4% 47.36% 267.35% - 49.73% 71.8% 87.68%
Dividend per Share 2 0.5300 0.5000 0.5700 0.1800 0.5000 0.8421 0.9209 1.050
Announcement Date 4/21/20 4/15/21 4/27/22 4/28/23 4/29/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 - 1,702 3,405 1,688 1,648 1,784 1,503 1,824 1,876 1,932 1,630 1,695 1,773 2,022 2,009 - -
EBITDA - - - - - - - - - - - - - - - - -
EBIT 1 - 10.85 - 128.1 44.46 165.4 21.37 181.5 128.6 203.9 187 - 254.8 279.9 253.9 - -
Operating Margin - 0.64% - 7.59% 2.7% 9.27% 1.42% 9.95% 6.85% 10.56% 11.47% - 14.37% 13.84% 12.64% - -
Earnings before Tax (EBT) 1 - 37.42 - - - - - - 154.7 209.4 -4.19 - 211.4 249.8 274.4 - -
Net income 1 274.4 16.85 - - - - - - 104.6 147.6 -45.34 - 159 187.9 210.1 - -
Net margin - 0.99% - - - - - - 5.58% 7.64% -2.78% - 8.97% 9.29% 10.46% - -
EPS 2 0.4508 0.0200 - 0.1400 0.0200 0.2000 0.0200 0.2300 0.1500 0.2300 -0.0600 - 0.2832 0.3116 0.2795 - -
Dividend per Share 2 - - - - - - - - - - - - - - 0.5950 - -
Announcement Date 8/26/20 4/27/22 4/27/22 4/27/22 8/30/22 10/26/22 4/28/23 4/28/23 8/28/23 10/25/23 4/29/24 4/30/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 1,422 1,047 764 1,325 140 1,288 1,629 1,562
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 505 550 465 622 -209 351 730 803
ROE (net income / shareholders' equity) 23.3% 14.7% 18.5% 4.05% 4.91% 9.78% 12.5% 11.6%
ROA (Net income/ Total Assets) 17.3% 12.3% 14.7% 2.86% - 7.18% 9.78% 7.94%
Assets 1 4,642 5,692 6,662 8,125 - 9,830 10,400 11,534
Book Value Per Share 2 7.500 8.160 9.280 11.30 10.90 11.70 13.40 13.10
Cash Flow per Share 2 1.690 1.500 1.770 1.980 0.6700 1.660 1.890 2.030
Capex 1 523 366 621 584 629 534 403 534
Capex / Sales 10.11% 6.93% 9.49% 8.82% 8.66% 7.01% 4.42% 5.94%
Announcement Date 4/21/20 4/15/21 4/27/22 4/28/23 4/29/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
D+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
20.31 CNY
Average target price
24.48 CNY
Spread / Average Target
+20.56%
Consensus
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  4. Financials Juewei Food Co., Ltd.