Financials Jiangsu Kanion Pharmaceutical Co.,Ltd.

Equities

600557

CNE000001CL7

Pharmaceuticals

End-of-day quote Shanghai S.E. 06:00:00 2024-05-21 pm EDT 5-day change 1st Jan Change
18.36 CNY -2.08% Intraday chart for Jiangsu Kanion Pharmaceutical Co.,Ltd. -7.51% -10.53%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 8,739 6,030 7,055 10,961 11,999 10,463 - -
Enterprise Value (EV) 1 9,016 6,030 7,055 10,961 11,999 10,463 10,463 10,463
P/E ratio 17.1 x 23.1 x 21.9 x 25 x 22.1 x 16 x 13.5 x 11.3 x
Yield 0.54% - - - 1.8% 2.17% 2.33% 2.5%
Capitalization / Revenue 1.91 x 1.99 x 1.93 x 2.52 x 2.46 x 1.81 x 1.56 x 1.37 x
EV / Revenue 1.91 x 1.99 x 1.93 x 2.52 x 2.46 x 1.81 x 1.56 x 1.37 x
EV / EBITDA 11.7 x - 13 x 16.9 x 15.9 x 12.7 x 8.78 x 9.18 x
EV / FCF - - - - 16.1 x 45.1 x 11.6 x 11.3 x
FCF Yield - - - - 6.21% 2.22% 8.63% 8.84%
Price to Book 2.22 x - 1.64 x 2.31 x 2.31 x 1.8 x 1.64 x 1.47 x
Nbr of stocks (in thousands) 592,881 592,881 576,429 584,598 584,748 580,948 - -
Reference price 2 14.74 10.17 12.24 18.75 20.52 18.01 18.01 18.01
Announcement Date 4/9/20 4/9/21 3/3/22 2/20/23 3/10/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 4,566 3,032 3,649 4,351 4,868 5,786 6,694 7,660
EBITDA 1 746.3 - 542.1 648.3 754.5 822 1,192 1,140
EBIT 1 578.9 - 351 454.8 563.8 688.6 823.9 978.5
Operating Margin 12.68% - 9.62% 10.45% 11.58% 11.9% 12.31% 12.77%
Earnings before Tax (EBT) 1 575.4 - 328.3 445.7 551 674.4 811 966
Net income 1 507 - 320.5 434.5 536.7 659.1 778.6 932.4
Net margin 11.1% - 8.79% 9.99% 11.03% 11.39% 11.63% 12.17%
EPS 2 0.8600 0.4400 0.5600 0.7500 0.9300 1.123 1.331 1.595
Free Cash Flow 1 - - - - 745.6 232 903 925
FCF margin - - - - 15.32% 4.01% 13.49% 12.08%
FCF Conversion (EBITDA) - - - - 98.81% 28.22% 75.75% 81.15%
FCF Conversion (Net income) - - - - 138.91% 35.2% 115.97% 99.21%
Dividend per Share 2 0.0800 - - - 0.3700 0.3900 0.4200 0.4500
Announcement Date 4/9/20 4/9/21 3/3/22 2/20/23 3/10/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 - 942.9 1,372 1,359 1,357 1,065 1,550 1,712 1,520
EBITDA - - - - - - - - -
EBIT - - - - - - - - -
Operating Margin - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - -
Net income 134.3 - - - - - - - -
Net margin - - - - - - - - -
EPS 0.2300 - - - - - - - -
Dividend per Share - - - - - - - - -
Announcement Date 7/12/23 10/25/23 3/10/24 4/12/24 - - - - -
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 277 - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) 0.3708 x - - - - - - -
Free Cash Flow 1 - - - - 746 232 903 925
ROE (net income / shareholders' equity) 12.9% - 7.57% 9.61% 10.8% 11.4% 12.1% 13%
ROA (Net income/ Total Assets) - - - - - 8.23% 8.53% 9.27%
Assets 1 - - - - - 8,005 9,133 10,062
Book Value Per Share 2 6.640 - 7.470 8.130 8.880 10.00 11.00 12.30
Cash Flow per Share 2 1.560 - 1.590 1.700 1.780 1.350 2.060 1.600
Capex 1 449 - 142 189 295 325 650 311
Capex / Sales 9.83% - 3.9% 4.35% 6.07% 5.61% 9.71% 4.06%
Announcement Date 4/9/20 4/9/21 3/3/22 2/20/23 3/10/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
18.01 CNY
Average target price
25.17 CNY
Spread / Average Target
+39.77%
Consensus

Quarterly revenue - Rate of surprise

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