TIANJIN JINTOU STATE-OWNED URBAN DEVELOPMENT CO., LTD. Financials Tianjin Jintou State-owned Urban Development Co., Ltd.
Equities
600322
CNE0000018Z1
Real Estate Development & Operations
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.82 CNY | +2.82% |
|
+18.18% | -15.35% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 3,594 | 3,317 | 2,587 | 2,267 | 2,499 | 2,377 |
| Enterprise Value (EV) 1 | 15,877 | 16,007 | 12,892 | 10,744 | 10,402 | 9,771 |
| P/E ratio | 26.7 x | 23.4 x | -1.03 x | -1.23 x | -8.44 x | 62.9 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 1.06 x | 0.35 x | 0.94 x | 0.49 x | 0.74 x | 0.78 x |
| EV / Revenue | 4.67 x | 1.67 x | 4.68 x | 2.3 x | 3.1 x | 3.2 x |
| EV / EBITDA | 42.5 x | 38 x | -5.1 x | -10.2 x | -207 x | 7.99 x |
| EV / FCF | 4.08 x | -138 x | 3.27 x | 5.73 x | 33.9 x | 8.43 x |
| FCF Yield | 24.5% | -0.72% | 30.6% | 17.4% | 2.95% | 11.9% |
| Price to Book | 0.8 x | 0.71 x | 1.21 x | 4.62 x | 12.9 x | 10.2 x |
| Nbr of stocks (in thousands) | 1,105,700 | 1,105,700 | 1,105,700 | 1,105,700 | 1,105,700 | 1,105,700 |
| Reference price 2 | 3.250 | 3.000 | 2.340 | 2.050 | 2.260 | 2.150 |
| Announcement Date | 4/26/19 | 4/29/20 | 4/29/21 | 4/12/22 | 4/28/23 | 4/29/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 3,401 | 9,564 | 2,753 | 4,665 | 3,360 | 3,053 |
| EBITDA 1 | 373.2 | 420.9 | -2,527 | -1,054 | -50.16 | 1,223 |
| EBIT 1 | 311.2 | 358.4 | -2,594 | -1,132 | -117 | 1,160 |
| Operating Margin | 9.15% | 3.75% | -94.21% | -24.25% | -3.48% | 37.98% |
| Earnings before Tax (EBT) 1 | 252.5 | 549.3 | -2,690 | -1,551 | -249.5 | 11.72 |
| Net income 1 | 134.7 | 141.6 | -2,517 | -1,844 | -296.1 | 37.77 |
| Net margin | 3.96% | 1.48% | -91.44% | -39.52% | -8.81% | 1.24% |
| EPS 2 | 0.1218 | 0.1280 | -2.277 | -1.667 | -0.2678 | 0.0342 |
| Free Cash Flow 1 | 3,891 | -115.7 | 3,945 | 1,874 | 306.6 | 1,159 |
| FCF margin | 114.4% | -1.21% | 143.32% | 40.16% | 9.12% | 37.95% |
| FCF Conversion (EBITDA) | 1,042.59% | - | - | - | - | 94.74% |
| FCF Conversion (Net income) | 2,888.39% | - | - | - | - | 3,067.44% |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 4/26/19 | 4/29/20 | 4/29/21 | 4/12/22 | 4/28/23 | 4/29/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 12,284 | 12,690 | 10,304 | 8,477 | 7,904 | 7,394 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 32.91 x | 30.15 x | -4.078 x | -8.043 x | -157.6 x | 6.046 x |
| Free Cash Flow 1 | 3,891 | -116 | 3,945 | 1,874 | 307 | 1,159 |
| ROE (net income / shareholders' equity) | 2.76% | 3.46% | -69.7% | -96% | -30.2% | -2.05% |
| ROA (Net income/ Total Assets) | 0.58% | 0.78% | -6.68% | -3.38% | -0.41% | 4.51% |
| Assets 1 | 23,324 | 18,090 | 37,675 | 54,564 | 71,823 | 838.1 |
| Book Value Per Share 2 | 4.080 | 4.210 | 1.930 | 0.4400 | 0.1800 | 0.2100 |
| Cash Flow per Share 2 | 1.210 | 0.5200 | 0.7500 | 0.5800 | 0.1600 | 0.2200 |
| Capex 1 | 1.71 | 0.9 | 0.41 | 0.22 | 0.76 | 0.49 |
| Capex / Sales | 0.05% | 0.01% | 0.01% | 0% | 0.02% | 0.02% |
| Announcement Date | 4/26/19 | 4/29/20 | 4/29/21 | 4/12/22 | 4/28/23 | 4/29/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -15.35% | 278M | |
| +40.41% | 28.24B | |
| -12.37% | 26.95B | |
| +23.41% | 26.45B | |
| +6.25% | 25.93B | |
| +49.25% | 22.95B | |
| +9.16% | 20.4B | |
| -0.63% | 18.55B | |
| +28.90% | 16.22B | |
| -13.27% | 15.1B |
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- Financials Tianjin Jintou State-owned Urban Development Co., Ltd.
