Financials ZhuZhou QianJin Pharmaceutical Co.,Ltd

Equities

600479

CNE000001GX3

Pharmaceuticals

End-of-day quote Shanghai S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
11.55 CNY +1.67% Intraday chart for ZhuZhou QianJin Pharmaceutical Co.,Ltd +1.85% +7.24%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,248 3,670 3,616 5,252 4,126 4,619
Enterprise Value (EV) 1 2,111 2,315 2,263 3,980 2,337 2,738
P/E ratio 12.7 x 12.5 x 12.2 x 17.4 x 13.5 x 14.2 x
Yield 5.15% 5.7% 11.6% 4.78% 3.65% 3.25%
Capitalization / Revenue 0.98 x 1.04 x 1 x 1.43 x 1.02 x 1.22 x
EV / Revenue 0.63 x 0.66 x 0.62 x 1.09 x 0.58 x 0.72 x
EV / EBITDA 6.25 x 5.82 x 5.68 x 9.54 x 4.95 x 6.02 x
EV / FCF 9.17 x 9.65 x 9.89 x 11.9 x 3.26 x 10.9 x
FCF Yield 10.9% 10.4% 10.1% 8.39% 30.7% 9.2%
Price to Book 1.6 x 1.69 x 1.6 x 2.44 x 1.85 x 1.93 x
Nbr of stocks (in thousands) 418,507 418,507 418,507 418,507 429,807 428,917
Reference price 2 7.760 8.770 8.640 12.55 9.600 10.77
Announcement Date 4/11/19 4/9/20 4/14/21 4/14/22 4/12/23 4/11/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,329 3,525 3,627 3,664 4,026 3,798
EBITDA 1 337.6 397.9 398.4 417.2 472.1 455.1
EBIT 1 276.9 338.1 338.9 354.6 404.9 376.4
Operating Margin 8.32% 9.59% 9.34% 9.68% 10.06% 9.91%
Earnings before Tax (EBT) 1 352.3 429.7 424.6 433.4 445.8 460.4
Net income 1 255.4 294.3 297.1 302.1 303.6 320.4
Net margin 7.67% 8.35% 8.19% 8.24% 7.54% 8.44%
EPS 2 0.6102 0.7032 0.7098 0.7218 0.7093 0.7583
Free Cash Flow 1 230.3 240 228.9 334 716.2 252.1
FCF margin 6.92% 6.81% 6.31% 9.11% 17.79% 6.64%
FCF Conversion (EBITDA) 68.21% 60.31% 57.46% 80.04% 151.7% 55.39%
FCF Conversion (Net income) 90.19% 81.54% 77.06% 110.56% 235.88% 78.67%
Dividend per Share 2 0.4000 0.5000 1.000 0.6000 0.3500 0.3500
Announcement Date 4/11/19 4/9/20 4/14/21 4/14/22 4/12/23 4/11/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 1,136 1,356 1,353 1,273 1,789 1,881
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 230 240 229 334 716 252
ROE (net income / shareholders' equity) 13% 13.9% 13.4% 13.7% 14.1% 13.5%
ROA (Net income/ Total Assets) 5.12% 5.8% 5.27% 5.35% 5.83% 5.05%
Assets 1 4,987 5,073 5,639 5,649 5,209 6,341
Book Value Per Share 2 4.850 5.200 5.420 5.140 5.180 5.570
Cash Flow per Share 2 2.370 3.290 1.800 1.510 2.900 4.660
Capex 1 46.4 40.6 97.2 71.9 34.4 44
Capex / Sales 1.39% 1.15% 2.68% 1.96% 0.86% 1.16%
Announcement Date 4/11/19 4/9/20 4/14/21 4/14/22 4/12/23 4/11/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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