Financials Guangdong Jiayuan Technology Co.,Ltd.

Equities

688388

CNE100003MD8

Specialty Mining & Metals

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-05-20 pm EDT			5-day change	1st Jan Change
12.54 ^CNY	-2.49%		-12.18%	-38.17%

Apr. 25	Guangdong Jiayuan Technology Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 09	Shanghai stocks end higher, investors cautious ahead US inflation and China data	RE

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	13,084	20,349	29,403	10,504	8,644	5,308	-	-
Enterprise Value (EV) ¹	13,084	20,349	30,037	10,364	8,935	6,724	6,046	6,043
P/E ratio	33.9 x	110 x	52.8 x	21.2 x	406 x	-157 x	21.6 x	14.1 x
Yield	0.76%	0.28%	0.56%	1.23%	0.07%	-	1.52%	2.63%
Capitalization / Revenue	9.05 x	16.9 x	10.5 x	2.26 x	1.74 x	0.87 x	0.62 x	0.51 x
EV / Revenue	9.05 x	16.9 x	10.7 x	2.23 x	1.8 x	1.1 x	0.71 x	0.58 x
EV / EBITDA	-	76.3 x	42 x	12 x	31.1 x	14.1 x	7.65 x	6.41 x
EV / FCF	-	-	-	-3.33 x	-14.5 x	-35.2 x	-	-
FCF Yield	-	-	-	-30.1%	-6.88%	-2.84%	-	-
Price to Book	5.18 x	7.8 x	8.2 x	1.92 x	1.21 x	0.75 x	0.72 x	0.68 x
Nbr of stocks (in thousands)	323,226	323,226	327,868	327,877	426,238	423,323	-	-
Reference price ²	40.48	62.96	89.68	32.04	20.28	12.54	12.54	12.54
Announcement Date	2/27/20	2/4/21	2/24/22	2/27/23	2/28/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,446	1,202	2,804	4,641	4,969	6,137	8,505	10,500
EBITDA ¹	-	266.6	715	861.9	287	477.3	790.3	943.2
EBIT ¹	383	213	633.1	648.1	26.72	28.82	321.7	520.2
Operating Margin	26.48%	17.72%	22.58%	13.97%	0.54%	0.47%	3.78%	4.95%
Earnings before Tax (EBT) ¹	379.9	210.1	631.5	638.5	25.98	-46.6	336	517.2
Net income ¹	329.7	185.3	550	520.5	19.88	-34.78	248.2	379.6
Net margin	22.8%	15.41%	19.61%	11.22%	0.4%	-0.57%	2.92%	3.61%
EPS ²	1.193	0.5714	1.700	1.514	0.0500	-0.0800	0.5800	0.8900
Free Cash Flow ¹	-	-	-	-3,115	-614.4	-191	-	-
FCF margin	-	-	-	-67.11%	-12.36%	-3.11%	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.3071	0.1786	0.5043	0.3929	0.0150	-	0.1900	0.3300
Announcement Date	2/27/20	2/4/21	2/24/22	2/27/23	2/28/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4
Net sales ¹	-	1,360	983.8	1,094	1,628	1,263
EBITDA	-	-	-	-	-	-
EBIT	-	-	-	-	-	-
Operating Margin	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-
Net income	149.7	-	-	-	-	-
Net margin	-	-	-	-	-	-
EPS	0.4571	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-
Announcement Date	10/28/22	2/27/23	4/26/23	8/28/23	10/27/23	2/28/24

¹CNY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	634	-	291	1,415	738	735
Net Cash position ¹	-	-	-	140	-	-	-	-
Leverage (Debt/EBITDA)	-	-	0.8873 x	-	1.015 x	2.965 x	0.9339 x	0.7791 x
Free Cash Flow ¹	-	-	-	-3,115	-614	-191	-	-
ROE (net income / shareholders' equity)	22.2%	7.27%	17.9%	12.1%	0.28%	0.02%	2.9%	4.9%
ROA (Net income/ Total Assets)	-	6.63%	12.4%	6.12%	0.16%	-0.2%	1.3%	2%
Assets ¹	-	2,797	4,440	8,509	12,645	17,388	19,093	18,978
Book Value Per Share ²	7.810	8.070	10.90	16.70	16.80	16.80	17.30	18.60
Cash Flow per Share ²	1.460	0.2800	0.9700	-1.260	1.560	0.3500	2.430	3.210
Capex ¹	63.2	516	1,183	2,577	1,281	1,002	1,646	1,426
Capex / Sales	4.37%	42.91%	42.18%	55.53%	25.78%	16.33%	19.35%	13.58%
Announcement Date	2/27/20	2/4/21	2/24/22	2/27/23	2/28/24	-	-	-

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 Guangdong Jiayuan Technology Co.,Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

12.54 CNY

Average target price

14.28 CNY

Spread / Average Target

+13.84%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Nonferrous Metal Processing

	1st Jan change	Capi.
GUANGDONG JIAYUAN TECHNOLOGY CO.,LTD.	-38.17%	753M
VSMPO-AVISMA CORPORATION	-.--%	7.27B
ZHEJIANG HUAYOU COBALT CO., LTD	-10.20%	7.06B
CHINA NONFERROUS MINING CORPORATION LIMITED	+59.06%	4.35B
YUNNAN COPPER CO.,LTD	+37.92%	4.33B
CHINA RARE EARTH RESOURCES AND TECHNOLOGY CO., LTD.	+4.41%	4.32B
PANGANG GROUP VANADIUM & TITANIUM RESOURCES CO., LTD.	-6.10%	4.06B
WESTERN SUPERCONDUCTING TECHNOLOGIES CO., LTD.	-19.07%	3.92B
AURUBIS AG	+4.90%	3.8B
ZHE JIANG HAI LIANG CO., LTD	-17.22%	2.59B

Nonferrous Metal Processing