JARDINE MATHESON HOLDINGS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 38.06 USD | +0.16% |
|
+3.45% | -7.64% |
| Apr. 26 | Jardine Matheson Buys Back Shares | MT |
| Apr. 25 | Jardine Matheson Repurchases More Shares | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 20,576 | 20,452 | 19,738 | 14,752 | 11,918 | 10,929 | - | - |
| Enterprise Value (EV) 1 | 28,656 | 26,946 | 29,114 | 25,090 | 11,918 | 22,466 | 23,173 | 23,472 |
| P/E ratio | 7.35 x | -52.3 x | 9.15 x | 41.7 x | 13.4 x | 6.56 x | 6.27 x | 5.75 x |
| Yield | 3.09% | 3.07% | 3.64% | 4.22% | - | 5.97% | 6.28% | 6.58% |
| Capitalization / Revenue | 0.5 x | 0.63 x | 0.55 x | 0.39 x | 0.54 x | 0.3 x | 0.29 x | 0.27 x |
| EV / Revenue | 0.7 x | 0.83 x | 0.81 x | 0.67 x | 0.54 x | 0.62 x | 0.61 x | 0.59 x |
| EV / EBITDA | 4.48 x | 5.66 x | 5.25 x | 4.02 x | 2.93 x | 3.88 x | 3.85 x | 3.7 x |
| EV / FCF | 7.99 x | 5.88 x | 6.77 x | 6.86 x | - | 23.1 x | 17.8 x | 16.9 x |
| FCF Yield | 12.5% | 17% | 14.8% | 14.6% | - | 4.33% | 5.61% | 5.91% |
| Price to Book | 0.68 x | 0.7 x | 0.58 x | 0.51 x | - | 0.36 x | 0.35 x | 0.34 x |
| Nbr of stocks (in thousands) | 370,068 | 365,211 | 358,810 | 289,824 | 289,199 | 287,155 | - | - |
| Reference price 2 | 55.60 | 56.00 | 55.01 | 50.90 | 41.21 | 38.06 | 38.06 | 38.06 |
| Announcement Date | 3/5/20 | 3/11/21 | 3/3/22 | 3/2/23 | 2/27/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 40,922 | 32,647 | 35,862 | 37,724 | 22,234 | 36,481 | 38,227 | 40,035 |
| EBITDA 1 | 6,397 | 4,764 | 5,549 | 6,234 | 4,072 | 5,789 | 6,025 | 6,336 |
| EBIT 1 | 3,991 | 2,337 | 3,328 | 4,126 | 3,035 | 4,245 | 4,413 | 4,644 |
| Operating Margin | 9.75% | 7.16% | 9.28% | 10.94% | 13.65% | 11.64% | 11.55% | 11.6% |
| Earnings before Tax (EBT) 1 | 5,431 | -678 | 3,912 | 3,223 | 3,714 | 4,905 | 5,171 | 5,428 |
| Net income 1 | 2,838 | -394 | 1,881 | 354 | 1,215 | 1,677 | 1,757 | 1,914 |
| Net margin | 6.94% | -1.21% | 5.25% | 0.94% | 5.47% | 4.6% | 4.6% | 4.78% |
| EPS 2 | 7.560 | -1.070 | 6.010 | 1.220 | 3.080 | 5.800 | 6.073 | 6.617 |
| Free Cash Flow 1 | 3,587 | 4,581 | 4,298 | 3,657 | - | 972.7 | 1,300 | 1,386 |
| FCF margin | 8.77% | 14.03% | 11.98% | 9.69% | - | 2.67% | 3.4% | 3.46% |
| FCF Conversion (EBITDA) | 56.07% | 96.16% | 77.46% | 58.66% | - | 16.8% | 21.58% | 21.88% |
| FCF Conversion (Net income) | 126.39% | - | 228.5% | 1,033.05% | - | 58.01% | 74.02% | 72.43% |
| Dividend per Share 2 | 1.720 | 1.720 | 2.000 | 2.150 | - | 2.272 | 2.391 | 2.504 |
| Announcement Date | 3/5/20 | 3/11/21 | 3/3/22 | 3/2/23 | 2/27/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 20,750 | 15,906 | 16,741 | 17,492 | 18,370 | - | 19,447 | 18,307 | 10,549 | 17,942 | 17,942 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | 2,159 | 2,152 | 1,455 | - | - |
| Operating Margin | - | - | - | - | - | - | 11.1% | 11.76% | 13.79% | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | 423 | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - |
| EPS 2 | 1.570 | -2.090 | 1.020 | -0.3500 | 6.360 | 1.470 | -0.2500 | 1.950 | 1.430 | 2.860 | 2.860 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/5/20 | 7/30/20 | 3/11/21 | 7/29/21 | 3/3/22 | 7/28/22 | 3/2/23 | 7/28/23 | 2/27/24 | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 8,080 | 6,494 | 9,376 | 10,338 | - | 11,537 | 12,244 | 12,543 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.263 x | 1.363 x | 1.69 x | 1.658 x | - | 1.993 x | 2.032 x | 1.98 x |
| Free Cash Flow 1 | 3,587 | 4,581 | 4,298 | 3,657 | - | 973 | 1,300 | 1,386 |
| ROE (net income / shareholders' equity) | 10.1% | -1.32% | 6.36% | 5.41% | - | 4.96% | 5.1% | 5.21% |
| ROA (Net income/ Total Assets) | 3.03% | -0.41% | 2.03% | 1.75% | - | 2.59% | 2.69% | 2.79% |
| Assets 1 | 93,589 | 96,098 | 92,507 | 20,185 | - | 64,656 | 65,298 | 68,706 |
| Book Value Per Share 2 | 81.90 | 79.90 | 95.10 | 99.70 | - | 105.0 | 109.0 | 113.0 |
| Cash Flow per Share 2 | 13.00 | 14.30 | 16.20 | 16.70 | - | 19.90 | 13.10 | 14.10 |
| Capex 1 | 1,278 | 694 | 778 | 1,168 | - | 3,086 | 1,690 | 1,777 |
| Capex / Sales | 3.12% | 2.13% | 2.17% | 3.1% | - | 8.46% | 4.42% | 4.44% |
| Announcement Date | 3/5/20 | 3/11/21 | 3/3/22 | 3/2/23 | 2/27/24 | - | - | - |
1USD in Million2USD
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
C-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
38.06
USD
Average target price
44.96
USD
Spread / Average Target
+18.13%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -7.64% | 10.91B | |
| +11.85% | 876B | |
| 0.00% | 239B | |
| +27.20% | 177B | |
| -7.75% | 126B | |
| -5.21% | 74.14B | |
| -16.00% | 50.58B | |
| -24.57% | 38.71B | |
| +19.71% | 32.18B | |
| +14.46% | 29.19B |
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- Financials Jardine Matheson Holdings Limited
