Financials GEM Co., Ltd.

Equities

002340

CNE100000KT4

Environmental Services & Equipment

End-of-day quote Shenzhen S.E. 06:00:00 2024-06-06 pm EDT 5-day change 1st Jan Change
6.53 CNY -0.61% Intraday chart for GEM Co., Ltd. +0.46% +19.60%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 20,209 33,437 49,509 38,157 28,040 33,410 - -
Enterprise Value (EV) 1 26,845 38,655 56,648 47,945 42,287 47,757 49,805 48,093
P/E ratio 27.1 x 77.7 x 54.5 x 28.6 x 30.3 x 21.3 x 17.3 x 14 x
Yield 0.62% 0.21% 0.28% 0.67% 1.47% 1.26% 1.29% 2.08%
Capitalization / Revenue 1.41 x 2.68 x 2.57 x 1.3 x 0.92 x 0.95 x 0.8 x 0.68 x
EV / Revenue 1.87 x 3.1 x 2.93 x 1.63 x 1.39 x 1.36 x 1.19 x 0.98 x
EV / EBITDA 17.4 x 28.5 x 27.3 x 18.1 x 15.2 x 14.2 x 11.7 x 8.51 x
EV / FCF -43.6 x -67.7 x -23.3 x -11.6 x -13.2 x 6,368 x -199 x 24.5 x
FCF Yield -2.3% -1.48% -4.29% -8.65% -7.58% 0.02% -0.5% 4.08%
Price to Book 1.93 x 2.51 x 3.48 x 2.06 x 1.49 x 1.61 x 1.47 x 1.36 x
Nbr of stocks (in thousands) 4,149,634 4,783,522 4,783,522 5,135,587 5,135,587 5,116,367 - -
Reference price 2 4.870 6.990 10.35 7.430 5.460 6.530 6.530 6.530
Announcement Date 2/28/20 2/26/21 4/27/22 4/28/23 4/27/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 14,354 12,466 19,301 29,392 30,529 35,115 41,940 48,934
EBITDA 1 1,547 1,358 2,075 2,643 2,775 3,371 4,272 5,652
EBIT 1 858.9 541.4 1,151 1,552 1,356 2,379 3,129 3,779
Operating Margin 5.98% 4.34% 5.96% 5.28% 4.44% 6.77% 7.46% 7.72%
Earnings before Tax (EBT) 1 866.8 534.9 1,153 1,547 1,361 1,923 2,797 3,519
Net income 1 735.3 412.5 923.3 1,296 934.5 1,654 1,890 2,410
Net margin 5.12% 3.31% 4.78% 4.41% 3.06% 4.71% 4.51% 4.92%
EPS 2 0.1800 0.0900 0.1900 0.2600 0.1800 0.3068 0.3778 0.4678
Free Cash Flow 1 -616.3 -571.1 -2,428 -4,150 -3,206 7.5 -250 1,962
FCF margin -4.29% -4.58% -12.58% -14.12% -10.5% 0.02% -0.6% 4.01%
FCF Conversion (EBITDA) - - - - - 0.22% - 34.72%
FCF Conversion (Net income) - - - - - 0.45% - 81.42%
Dividend per Share 2 0.0300 0.0150 0.0290 0.0500 0.0800 0.0826 0.0841 0.1357
Announcement Date 2/28/20 2/26/21 4/27/22 4/28/23 4/27/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2024 S2 2025 S1 2025 S2
Net sales 1 5,614 6,409 11,301 6,967 - 13,924 7,450 8,017 15,468 6,129 6,811 12,940 7,289 10,300 17,589 8,354 8,301 15,737 8,889 9,565 17,856 17,691 22,850
EBITDA - - - - - - - - - - - - - - - - - - - - - - -
EBIT - - 472.6 - - 872.3 - - 679.3 - - 643.3 - - 712.2 - - 1,036 - - 985.5 974.8 1,112
Operating Margin - - 4.18% - - 6.26% - - 4.39% - - 4.97% - - 4.05% - - 6.58% - - 5.52% 5.51% 4.87%
Earnings before Tax (EBT) - - - - - - - - - - - - - - - - - - - - - - -
Net income 214 - - - 349.5 681.2 - - 614.7 - - - 134.3 - - - - - - - - - -
Net margin 3.81% - - - - 4.89% - - 3.97% - - - 1.84% - - - - - - - - - -
EPS 0.0500 0.0400 0.0800 0.0700 0.0700 0.1400 0.0600 0.0500 0.1200 0.0300 0.0500 0.0800 0.0300 0.0700 0.1000 0.0900 - 0.1100 - - 0.1100 0.1000 0.1200
Dividend per Share - - - - - - - - - - - - - - - - - - - - - - -
Announcement Date 8/26/20 4/27/22 4/27/22 4/27/22 8/24/22 8/24/22 10/21/22 4/28/23 4/28/23 4/28/23 8/29/23 8/29/23 10/27/23 4/27/24 4/27/24 4/26/24 - - - - - - -
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 6,636 5,218 7,139 9,788 14,247 14,347 16,395 14,683
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.291 x 3.842 x 3.44 x 3.703 x 5.134 x 4.256 x 3.838 x 2.598 x
Free Cash Flow 1 -616 -571 -2,428 -4,150 -3,206 7.5 -250 1,962
ROE (net income / shareholders' equity) 7.26% 3.38% 6.72% 8.18% 4.93% 8.55% 9.9% 12.1%
ROA (Net income/ Total Assets) 2.84% 1.46% 2.88% 3.3% - 3.37% 3.78% 4.25%
Assets 1 25,899 28,273 32,058 39,256 - 49,131 50,049 56,701
Book Value Per Share 2 2.530 2.780 2.970 3.600 3.650 4.050 4.450 4.800
Cash Flow per Share 2 0.1800 0.1800 0.1600 -0 0.4200 0.5200 0.6100 0.4900
Capex 1 1,353 1,425 3,169 4,132 5,370 2,792 3,098 2,463
Capex / Sales 9.43% 11.43% 16.42% 14.06% 17.59% 7.95% 7.39% 5.03%
Announcement Date 2/28/20 2/26/21 4/27/22 4/28/23 4/27/24 - - -
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
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
6.53 CNY
Average target price
6.47 CNY
Spread / Average Target
-0.92%
Consensus
  1. Stock Market
  2. Equities
  3. 002340 Stock
  4. Financials GEM Co., Ltd.