NANJING PORT CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6.4 CNY | -0.31% |
|
+3.56% | -10.24% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,896 | 3,393 | 3,243 | 2,991 | 3,538 | 3,499 |
| Enterprise Value (EV) 1 | 3,648 | 3,994 | 3,640 | 3,482 | 3,884 | 3,563 |
| P/E ratio | 17.7 x | 26.1 x | 25.2 x | 20.5 x | 25.7 x | 21 x |
| Yield | 0.59% | 0.61% | 0.67% | 0.87% | 0.92% | 1.43% |
| Capitalization / Revenue | 4.04 x | 4.6 x | 4.3 x | 3.75 x | 4.32 x | 3.73 x |
| EV / Revenue | 5.08 x | 5.42 x | 4.82 x | 4.37 x | 4.74 x | 3.8 x |
| EV / EBITDA | 10.2 x | 11.2 x | 10.1 x | 9.63 x | 10.9 x | 9.04 x |
| EV / FCF | 64.3 x | 29.3 x | 16.6 x | 13.3 x | 19.1 x | 25.1 x |
| FCF Yield | 1.55% | 3.41% | 6.02% | 7.54% | 5.23% | 3.99% |
| Price to Book | 1.13 x | 1.27 x | 1.16 x | 1.03 x | 1.17 x | 1.11 x |
| Nbr of stocks (in thousands) | 483,967 | 483,967 | 483,967 | 483,967 | 483,967 | 490,695 |
| Reference price 2 | 5.985 | 7.010 | 6.700 | 6.180 | 7.310 | 7.130 |
| Announcement Date | 4/24/19 | 4/28/20 | 4/28/21 | 4/29/22 | 4/28/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 717.7 | 736.8 | 754.7 | 796.7 | 818.6 | 938.3 |
| EBITDA 1 | 358.9 | 357.8 | 361.4 | 361.6 | 356 | 394 |
| EBIT 1 | 222.1 | 214.9 | 215.4 | 210.3 | 209.4 | 242.2 |
| Operating Margin | 30.94% | 29.17% | 28.54% | 26.39% | 25.58% | 25.81% |
| Earnings before Tax (EBT) 1 | 252 | 205.2 | 205.7 | 225.3 | 222.9 | 266.4 |
| Net income 1 | 164 | 130.1 | 128.8 | 145.9 | 137.8 | 166.5 |
| Net margin | 22.85% | 17.66% | 17.07% | 18.31% | 16.84% | 17.74% |
| EPS 2 | 0.3389 | 0.2689 | 0.2662 | 0.3014 | 0.2848 | 0.3403 |
| Free Cash Flow 1 | 56.7 | 136.3 | 219 | 262.4 | 203.2 | 142.1 |
| FCF margin | 7.9% | 18.49% | 29.02% | 32.94% | 24.82% | 15.14% |
| FCF Conversion (EBITDA) | 15.8% | 38.08% | 60.6% | 72.57% | 57.07% | 36.07% |
| FCF Conversion (Net income) | 34.57% | 104.71% | 170.01% | 179.9% | 147.41% | 85.36% |
| Dividend per Share 2 | 0.0354 | 0.0430 | 0.0450 | 0.0540 | 0.0670 | 0.1020 |
| Announcement Date | 4/24/19 | 4/28/20 | 4/28/21 | 4/29/22 | 4/28/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 752 | 601 | 397 | 491 | 346 | 64.4 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.095 x | 1.681 x | 1.098 x | 1.357 x | 0.9714 x | 0.1636 x |
| Free Cash Flow 1 | 56.7 | 136 | 219 | 262 | 203 | 142 |
| ROE (net income / shareholders' equity) | 6.16% | 4.87% | 4.7% | 5.02% | 4.64% | 5.43% |
| ROA (Net income/ Total Assets) | 2.96% | 2.87% | 2.91% | 2.81% | 2.77% | 3.08% |
| Assets 1 | 5,543 | 4,529 | 4,433 | 5,188 | 4,984 | 5,401 |
| Book Value Per Share 2 | 5.300 | 5.540 | 5.760 | 6.020 | 6.250 | 6.450 |
| Cash Flow per Share 2 | 0.3100 | 0.8300 | 0.9700 | 0.7400 | 0.4100 | 0.8400 |
| Capex 1 | 111 | 94.8 | 67.3 | 46.9 | 100 | 233 |
| Capex / Sales | 15.45% | 12.87% | 8.92% | 5.89% | 12.26% | 24.87% |
| Announcement Date | 4/24/19 | 4/28/20 | 4/28/21 | 4/29/22 | 4/28/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -10.24% | 435M | |
| +3.37% | 9.91B | |
| +25.43% | 3.6B | |
| +3.28% | 2.99B | |
| +34.02% | 1.72B | |
| -.--% | 1.11B | |
| -8.33% | 691M | |
| +39.78% | 512M | |
| -3.32% | 280M | |
| -.--% | 224M |
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