ZHEJIANG ORIENT FINANCIAL HOLDINGS GROUP CO., LTD. Financials Zhejiang Orient Financial Holdings Group Co., Ltd.
Equities
600120
CNE000000V06
Investment Banking & Brokerage Services
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.05 CNY | +6.58% |
|
+6.30% | +12.81% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 10,982 | 13,893 | 13,301 | 12,802 | 12,193 | 12,261 |
| Enterprise Value (EV) 1 | 10,155 | 11,656 | 10,338 | 9,580 | 4,743 | 7,035 |
| P/E ratio | 15.7 x | 17.3 x | 14.7 x | 19.2 x | 11.5 x | 25.6 x |
| Yield | 0.8% | 0.69% | 0.67% | 1.4% | 2.21% | 1.62% |
| Capitalization / Revenue | 1.02 x | 1.18 x | 0.84 x | 0.73 x | 0.61 x | 0.67 x |
| EV / Revenue | 0.95 x | 0.99 x | 0.65 x | 0.54 x | 0.24 x | 0.38 x |
| EV / EBITDA | 39.6 x | 12.2 x | 18.8 x | 14.7 x | 10.7 x | -39.8 x |
| EV / FCF | -13.9 x | -39.8 x | 16.5 x | 8.53 x | 127 x | -181 x |
| FCF Yield | -7.21% | -2.51% | 6.04% | 11.7% | 0.79% | -0.55% |
| Price to Book | 1.19 x | 1.23 x | 0.98 x | 0.96 x | 0.79 x | 0.78 x |
| Nbr of stocks (in thousands) | 2,896,326 | 2,896,326 | 2,896,326 | 2,896,323 | 3,415,381 | 3,415,381 |
| Reference price 2 | 3.792 | 4.797 | 4.592 | 4.420 | 3.570 | 3.590 |
| Announcement Date | 3/22/19 | 3/27/20 | 4/17/21 | 4/27/22 | 4/7/23 | 4/12/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 10,718 | 11,727 | 15,859 | 17,648 | 19,884 | 18,372 |
| EBITDA 1 | 256.4 | 952.6 | 550.7 | 651.8 | 441.8 | -176.7 |
| EBIT 1 | 223.8 | 917.2 | 503.6 | 593.1 | 360.8 | -300.5 |
| Operating Margin | 2.09% | 7.82% | 3.18% | 3.36% | 1.81% | -1.64% |
| Earnings before Tax (EBT) 1 | 1,027 | 1,185 | 1,217 | 868 | 1,018 | 423.7 |
| Net income 1 | 703.6 | 803 | 903.1 | 656.2 | 946.7 | 485 |
| Net margin | 6.57% | 6.85% | 5.69% | 3.72% | 4.76% | 2.64% |
| EPS 2 | 0.2415 | 0.2773 | 0.3118 | 0.2300 | 0.3100 | 0.1400 |
| Free Cash Flow 1 | -731.8 | -292.8 | 624.9 | 1,122 | 37.46 | -38.93 |
| FCF margin | -6.83% | -2.5% | 3.94% | 6.36% | 0.19% | -0.21% |
| FCF Conversion (EBITDA) | - | - | 113.46% | 172.21% | 8.48% | - |
| FCF Conversion (Net income) | - | - | 69.19% | 171.07% | 3.96% | - |
| Dividend per Share 2 | 0.0302 | 0.0330 | 0.0308 | 0.0620 | 0.0790 | 0.0580 |
| Announcement Date | 3/22/19 | 3/27/20 | 4/17/21 | 4/27/22 | 4/7/23 | 4/12/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 827 | 2,237 | 2,963 | 3,221 | 7,450 | 5,226 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | -732 | -293 | 625 | 1,122 | 37.5 | -38.9 |
| ROE (net income / shareholders' equity) | 7.59% | 8.82% | 7.42% | 5.08% | 5.97% | 1.57% |
| ROA (Net income/ Total Assets) | 0.75% | 2.85% | 1.3% | 1.32% | 0.68% | -0.49% |
| Assets 1 | 94,284 | 28,155 | 69,647 | 49,635 | 139,019 | -98,834 |
| Book Value Per Share 2 | 3.190 | 3.910 | 4.710 | 4.590 | 4.540 | 4.600 |
| Cash Flow per Share 2 | 0.9200 | 0.8600 | 1.330 | 1.890 | 1.990 | 1.800 |
| Capex 1 | 136 | 83 | 97.4 | 49.1 | 76.9 | 74.1 |
| Capex / Sales | 1.27% | 0.71% | 0.61% | 0.28% | 0.39% | 0.4% |
| Announcement Date | 3/22/19 | 3/27/20 | 4/17/21 | 4/27/22 | 4/7/23 | 4/12/24 |
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. | |
|---|---|---|
| +12.81% | 1.91B | |
| -6.55% | 28.58B | |
| -6.85% | 15.75B | |
| +2.66% | 14.3B | |
| -19.22% | 11.55B | |
| -3.68% | 9.03B | |
| -13.34% | 6.98B | |
| +5.18% | 5.82B | |
| -3.56% | 5.76B | |
| +18.21% | 4.64B |
- Stock Market
- Equities
- 600120 Stock
- Financials Zhejiang Orient Financial Holdings Group Co., Ltd.
