Financials Jiangsu Pacific Quartz Co., Ltd

Equities

603688

CNE100001VC5

Electronic Equipment & Parts

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-06-05 pm EDT			5-day change	1st Jan Change
36.84 ^CNY	-2.77%		-6.71%	-36.40%

Apr. 29	Jiangsu Pacific Quartz Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 02	Tranche Update on Jiangsu Pacific Quartz Co., Ltd's Equity Buyback Plan announced on December 15, 2023.	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	6,276	8,302	22,276	47,443	31,388	19,933	-	-
Enterprise Value (EV) ¹	6,276	8,302	22,276	46,990	28,757	15,066	13,070	10,924
P/E ratio	39.2 x	43.6 x	79.9 x	44.7 x	6.23 x	3.83 x	2.94 x	4.65 x
Yield	-	0.72%	0.38%	0.67%	6.56%	14.2%	12.2%	10%
Capitalization / Revenue	10.1 x	12.9 x	23.2 x	23.7 x	4.37 x	2.39 x	1.83 x	2.43 x
EV / Revenue	10.1 x	12.9 x	23.2 x	23.4 x	4 x	1.81 x	1.2 x	1.33 x
EV / EBITDA	-	30.5 x	-	35.9 x	4.74 x	1.99 x	2.04 x	1.83 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	4.12 x	4.31 x	10.3 x	14.5 x	4.17 x	1.95 x	1.18 x	1.29 x
Nbr of stocks (in thousands)	500,744	529,437	529,468	541,916	541,916	541,061	-	-
Reference price ²	12.53	15.68	42.07	87.55	57.92	36.84	36.84	36.84
Announcement Date	4/22/20	3/30/21	4/15/22	3/21/23	3/22/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	622.3	645.6	960.7	2,004	7,184	8,338	10,913	8,215
EBITDA ¹	-	272.1	-	1,311	6,065	7,556	6,420	5,966
EBIT ¹	184.2	212.7	321.5	1,237	5,958	6,144	7,953	5,051
Operating Margin	29.59%	32.95%	33.47%	61.71%	82.94%	73.69%	72.88%	61.49%
Earnings before Tax (EBT) ¹	189.5	216	319.1	1,231	5,921	4,991	8,632	4,316
Net income ¹	163.1	188.1	281	1,052	5,039	4,258	7,371	3,681
Net margin	26.21%	29.14%	29.25%	52.5%	70.14%	51.06%	67.54%	44.81%
EPS ²	0.3200	0.3600	0.5267	1.960	9.300	9.631	12.51	7.923
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	-	0.1133	0.1593	0.5833	3.800	5.240	4.510	3.700
Announcement Date	4/22/20	3/30/21	4/15/22	3/21/23	3/22/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q2
Net sales	-
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income ¹	1,610
Net margin	-
EPS ²	2.987
Dividend per Share	-
Announcement Date	8/24/23

¹CNY in Million²CNY

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	-	-	-	453	2,630	4,867	6,863	9,008
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	11.3%	10.9%	13.1%	39.4%	90.6%	57.6%	40.4%	29%
ROA (Net income/ Total Assets)	-	9.15%	12.2%	34.3%	-	43.3%	34.5%	25.1%
Assets ¹	-	2,056	2,310	3,066	-	9,845	21,396	14,665
Book Value Per Share ²	3.040	3.640	4.080	6.020	13.90	18.90	31.10	28.50
Cash Flow per Share ²	0.0800	0.0600	0.0800	0.8900	7.090	10.10	15.60	-
Capex ¹	-	47.5	2.73	142	237	616	624	150
Capex / Sales	-	7.35%	0.28%	7.1%	3.3%	7.38%	5.71%	1.83%
Announcement Date	4/22/20	3/30/21	4/15/22	3/21/23	3/22/24	-	-	-

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

Ratings for Jiangsu Pacific Quartz Co., Ltd

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

36.84 CNY

Average target price

70 CNY

Spread / Average Target

+90.02%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Electronic Component

	1st Jan change	Capi.
JIANGSU PACIFIC QUARTZ CO., LTD	-36.40%	2.75B
HON HAI PRECISION INDUSTRY CO., LTD.	+69.86%	76.12B
MURATA MANUFACTURING CO., LTD	+1.84%	36.66B
LUXSHARE PRECISION INDUSTRY CO., LTD.	-3.92%	32.79B
JABIL INC.	-10.27%	13.79B
BYD ELECTRONIC (INTERNATIONAL) COMPANY LIMITED	-2.87%	10.83B
LENS TECHNOLOGY CO., LTD.	+20.15%	10.82B
AVIC JONHON OPTRONIC TECHNOLOGY CO.,LTD.	-6.26%	10.69B
COHERENT CORP.	+51.69%	10.07B
EOPTOLINK TECHNOLOGY INC., LTD.	+90.15%	9.19B

Electronic Component