Financials Hangzhou Jiebai Group Co., Limited

Equities

600814

CNE000000DP8

Department Stores

End-of-day quote Shanghai S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
6.62 CNY +3.60% Intraday chart for Hangzhou Jiebai Group Co., Limited +10.15% -4.89%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,632 3,639 3,997 4,809 5,439 5,118
Enterprise Value (EV) 1 770.3 66.21 -168.9 2,253 2,679 1,644
P/E ratio 24.4 x 15.5 x 15.1 x 13.3 x 22.4 x 19.3 x
Yield 1.28% 1.96% 2.02% 2.92% 1.76% 2.05%
Capitalization / Revenue 0.61 x 0.57 x 2.23 x 2.26 x 2.74 x 2.52 x
EV / Revenue 0.13 x 0.01 x -0.09 x 1.06 x 1.35 x 0.81 x
EV / EBITDA 1.71 x 0.14 x -0.29 x 2.7 x 3.9 x 2.33 x
EV / FCF 0.68 x 0.14 x -0.23 x 2.96 x 4.59 x 1.81 x
FCF Yield 147% 724% -439% 33.8% 21.8% 55.2%
Price to Book 1.53 x 1.42 x 1.45 x 1.53 x 1.66 x 1.47 x
Nbr of stocks (in thousands) 715,027 715,027 715,027 736,477 735,933 735,303
Reference price 2 5.080 5.090 5.590 6.530 7.390 6.960
Announcement Date 3/11/19 4/1/20 3/29/21 3/24/22 3/29/23 3/27/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 5,909 6,400 1,790 2,129 1,988 2,027
EBITDA 1 450.1 467.5 581.7 835.2 687.1 705.4
EBIT 1 386.2 409.6 529.5 786.2 637.7 659.6
Operating Margin 6.54% 6.4% 29.59% 36.92% 32.07% 32.54%
Earnings before Tax (EBT) 1 443.7 649.7 651 816.5 663.6 694.4
Net income 1 149.1 235.3 266.9 350.6 237.6 260.2
Net margin 2.52% 3.68% 14.91% 16.46% 11.95% 12.84%
EPS 2 0.2085 0.3291 0.3700 0.4900 0.3300 0.3600
Free Cash Flow 1 1,136 479.7 741.6 762.2 583.5 906.8
FCF margin 19.23% 7.5% 41.44% 35.8% 29.34% 44.73%
FCF Conversion (EBITDA) 252.39% 102.6% 127.49% 91.26% 84.92% 128.55%
FCF Conversion (Net income) 762.05% 203.87% 277.88% 217.43% 245.61% 348.44%
Dividend per Share 2 0.0650 0.1000 0.1130 0.1910 0.1300 0.1430
Announcement Date 3/11/19 4/1/20 3/29/21 3/24/22 3/29/23 3/27/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 2,862 3,573 4,166 2,557 2,759 3,474
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 1,136 480 742 762 583 907
ROE (net income / shareholders' equity) 9.34% 13.5% 12.8% 15.2% 10.8% 11.1%
ROA (Net income/ Total Assets) 4.53% 4.57% 5.49% 6.53% 4.6% 4.74%
Assets 1 3,294 5,145 4,865 5,368 5,162 5,489
Book Value Per Share 2 3.330 3.590 3.870 4.260 4.460 4.730
Cash Flow per Share 2 4.020 3.140 4.430 5.680 6.180 6.930
Capex 1 86.8 44.1 53.6 42.5 31.5 39.8
Capex / Sales 1.47% 0.69% 3% 1.99% 1.58% 1.96%
Announcement Date 3/11/19 4/1/20 3/29/21 3/24/22 3/29/23 3/27/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

  1. Stock Market
  2. Equities
  3. 600814 Stock
  4. Financials Hangzhou Jiebai Group Co., Limited