Financials Jason Furniture (Hangzhou) Co.,Ltd.

Equities

603816

CNE100002GF7

Home Furnishings

End-of-day quote Shanghai S.E. 06:00:00 2024-05-06 pm EDT 5-day change 1st Jan Change
35.67 CNY +1.34% Intraday chart for Jason Furniture (Hangzhou) Co.,Ltd. +6.83% +1.91%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 27,521 44,591 47,945 35,103 28,700 29,013 - -
Enterprise Value (EV) 1 25,994 43,084 45,821 32,365 26,775 26,308 26,166 25,161
P/E ratio 23.2 x 50.7 x 29.1 x 19.4 x 14.3 x 12.8 x 11.2 x 10.3 x
Yield 2.56% 1.16% 1.71% 2.6% 3.97% 4.29% 4.56% 5.44%
Capitalization / Revenue 2.48 x 3.52 x 2.61 x 1.95 x 1.49 x 1.34 x 1.18 x 1.11 x
EV / Revenue 2.34 x 3.4 x 2.5 x 1.8 x 1.39 x 1.21 x 1.07 x 0.96 x
EV / EBITDA 17.3 x 33.4 x 21.1 x 13.1 x 9.65 x 8.08 x 7.1 x 6.37 x
EV / FCF - 39 x 121 x 34 x 116 x 19.8 x 18.8 x 12.4 x
FCF Yield - 2.57% 0.83% 2.94% 0.86% 5.06% 5.33% 8.05%
Price to Book 4.66 x 6.62 x 6.08 x 3.95 x 2.99 x 2.63 x 2.26 x 2.1 x
Nbr of stocks (in thousands) 782,356 822,135 807,791 821,892 819,990 813,385 - -
Reference price 2 35.18 54.24 59.35 42.71 35.00 35.67 35.67 35.67
Announcement Date 4/22/20 4/29/21 4/21/22 4/28/23 4/29/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 11,094 12,666 18,342 18,010 19,212 21,702 24,537 26,195
EBITDA 1 1,499 1,289 2,170 2,464 2,774 3,254 3,686 3,948
EBIT 1 1,292 1,036 1,868 2,052 2,288 2,663 3,091 3,309
Operating Margin 11.65% 8.18% 10.18% 11.39% 11.91% 12.27% 12.6% 12.63%
Earnings before Tax (EBT) 1 1,522 1,195 2,068 2,296 2,440 2,752 3,240 3,482
Net income 1 1,161 845.5 1,664 1,812 2,006 2,282 2,619 2,841
Net margin 10.47% 6.68% 9.07% 10.06% 10.44% 10.51% 10.68% 10.85%
EPS 2 1.515 1.069 2.038 2.200 2.440 2.779 3.183 3.457
Free Cash Flow 1 - 1,106 378.2 952.7 230.7 1,332 1,394 2,026
FCF margin - 8.73% 2.06% 5.29% 1.2% 6.14% 5.68% 7.74%
FCF Conversion (EBITDA) - 85.78% 17.43% 38.67% 8.32% 40.92% 37.82% 51.32%
FCF Conversion (Net income) - 130.78% 22.72% 52.58% 11.5% 58.36% 53.22% 71.32%
Dividend per Share 2 0.9000 0.6308 1.015 1.110 1.390 1.531 1.628 1.939
Announcement Date 4/22/20 4/29/21 4/21/22 4/28/23 4/29/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 5,117 4,540 4,476 4,746 4,248 3,954 4,924 5,258 5,076 4,350 4,951 5,544 5,876 - -
EBITDA 1 454.8 - 458.1 636.6 - - - - - - 681.6 784.6 887.6 - -
EBIT 1 382.7 506.7 375.6 648.2 390 422.6 644.1 682 539 476.3 611.7 705 641 - -
Operating Margin 7.48% 11.16% 8.39% 13.66% 9.18% 10.69% 13.08% 12.97% 10.62% 10.95% 12.35% 12.72% 10.91% - -
Earnings before Tax (EBT) 1 463.7 - 586.9 666 470.4 - 664.3 716.5 562.2 - 601.7 711.1 820.5 - -
Net income 1 426.6 - 447.6 512.3 408.9 - 523.4 577.6 504.9 - 494.6 584.5 674.5 - -
Net margin 8.34% - 10% 10.79% 9.63% - 10.63% 10.99% 9.95% - 9.99% 10.54% 11.48% - -
EPS 2 0.5231 0.5385 0.5415 0.6300 0.4900 0.4900 0.6300 0.7100 0.6100 0.5100 0.6409 0.7356 0.7203 - -
Dividend per Share 2 1.015 - - - 1.110 - - - - - - - 1.641 - -
Announcement Date 4/21/22 4/21/22 8/15/22 10/27/22 4/28/23 4/28/23 8/30/23 10/30/23 4/29/24 4/30/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 1,527 1,507 2,125 2,738 1,925 2,705 2,848 3,853
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - 1,106 378 953 231 1,332 1,394 2,026
ROE (net income / shareholders' equity) 21.9% 13.8% 23.2% 21.6% 21.9% 20.9% 20.8% 20.9%
ROA (Net income/ Total Assets) 10.2% 6.68% 11.5% - - 12.9% 12.7% 14%
Assets 1 11,380 12,649 14,488 - - 17,632 20,575 20,302
Book Value Per Share 2 7.550 8.200 9.760 10.80 11.70 13.60 15.80 17.00
Cash Flow per Share 2 2.720 2.650 2.480 2.930 2.970 3.590 4.030 4.010
Capex 1 756 1,075 1,662 1,457 2,212 1,115 1,243 1,017
Capex / Sales 6.82% 8.49% 9.06% 8.09% 11.51% 5.14% 5.07% 3.88%
Announcement Date 4/22/20 4/29/21 4/21/22 4/28/23 4/29/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
17
Last Close Price
35.67 CNY
Average target price
44.99 CNY
Spread / Average Target
+26.14%
Consensus
  1. Stock Market
  2. Equities
  3. 603816 Stock
  4. Financials Jason Furniture (Hangzhou) Co.,Ltd.
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