Financials Tianjin Jintou State-owned Urban Development Co., Ltd.

Equities

600322

CNE0000018Z1

Real Estate Development & Operations

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
1.61 CNY +3.87% Intraday chart for Tianjin Jintou State-owned Urban Development Co., Ltd. +2.55% -25.12%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 7,088 3,594 3,317 2,587 2,267 2,499
Enterprise Value (EV) 1 22,990 15,877 16,007 12,892 10,744 10,402
P/E ratio 32.5 x 26.7 x 23.4 x -1.03 x -1.23 x -8.44 x
Yield - - - - - -
Capitalization / Revenue 1.12 x 1.06 x 0.35 x 0.94 x 0.49 x 0.74 x
EV / Revenue 3.62 x 4.67 x 1.67 x 4.68 x 2.3 x 3.1 x
EV / EBITDA 38.2 x 42.5 x 38 x -5.1 x -10.2 x -207 x
EV / FCF 26.6 x 4.08 x -138 x 3.27 x 5.73 x 33.9 x
FCF Yield 3.75% 24.5% -0.72% 30.6% 17.4% 2.95%
Price to Book 1.62 x 0.8 x 0.71 x 1.21 x 4.62 x 12.9 x
Nbr of stocks (in thousands) 1,105,700 1,105,700 1,105,700 1,105,700 1,105,700 1,105,700
Reference price 2 6.410 3.250 3.000 2.340 2.050 2.260
Announcement Date 3/19/18 4/26/19 4/29/20 4/29/21 4/12/22 4/28/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 6,349 3,401 9,564 2,753 4,665 3,360
EBITDA 1 602.3 373.2 420.9 -2,527 -1,054 -50.16
EBIT 1 541.7 311.2 358.4 -2,594 -1,132 -117
Operating Margin 8.53% 9.15% 3.75% -94.21% -24.25% -3.48%
Earnings before Tax (EBT) 1 453.1 252.5 549.3 -2,690 -1,551 -249.5
Net income 1 218.1 134.7 141.6 -2,517 -1,844 -296.1
Net margin 3.44% 3.96% 1.48% -91.44% -39.52% -8.81%
EPS 2 0.1973 0.1218 0.1280 -2.277 -1.667 -0.2678
Free Cash Flow 1 863.1 3,891 -115.7 3,945 1,874 306.6
FCF margin 13.59% 114.4% -1.21% 143.32% 40.16% 9.12%
FCF Conversion (EBITDA) 143.28% 1,042.59% - - - -
FCF Conversion (Net income) 395.67% 2,888.39% - - - -
Dividend per Share - - - - - -
Announcement Date 3/19/18 4/26/19 4/29/20 4/29/21 4/12/22 4/28/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 15,902 12,284 12,690 10,304 8,477 7,904
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 26.4 x 32.91 x 30.15 x -4.078 x -8.043 x -157.6 x
Free Cash Flow 1 863 3,891 -116 3,945 1,874 307
ROE (net income / shareholders' equity) 6.24% 2.76% 3.46% -69.7% -96% -30.2%
ROA (Net income/ Total Assets) 0.97% 0.58% 0.78% -6.68% -3.38% -0.41%
Assets 1 22,601 23,324 18,090 37,675 54,564 71,823
Book Value Per Share 2 3.960 4.080 4.210 1.930 0.4400 0.1800
Cash Flow per Share 2 3.540 1.210 0.5200 0.7500 0.5800 0.1600
Capex 1 1.47 1.71 0.9 0.41 0.22 0.76
Capex / Sales 0.02% 0.05% 0.01% 0.01% 0% 0.02%
Announcement Date 3/19/18 4/26/19 4/29/20 4/29/21 4/12/22 4/28/23
1CNY in Million2CNY
Estimates
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