Financials China Jinmao Holdings Group Limited

Equities

817

HK0817039453

Real Estate Development & Operations

Delayed Hong Kong S.E. 03:10:56 2024-07-09 am EDT 5-day change 1st Jan Change
0.64 HKD +1.59% Intraday chart for China Jinmao Holdings Group Limited +3.23% -14.67%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 71,441 45,468 30,579 22,369 10,125 8,505 - -
Enterprise Value (EV) 1 158,044 110,696 113,346 111,386 106,916 108,802 101,054 108,691
P/E ratio 9.98 x 9.45 x 5.31 x 9.47 x -1.34 x 5.22 x 4.11 x 3.58 x
Yield 3.79% 7.28% 4.98% 6.55% - 6.3% 5.67% 6.35%
Capitalization / Revenue 1.5 x 0.63 x 0.28 x 0.24 x 0.13 x 0.11 x 0.11 x 0.11 x
EV / Revenue 3.32 x 1.54 x 1.02 x 1.18 x 1.36 x 1.42 x 1.34 x 1.41 x
EV / EBITDA 16.3 x 8.36 x 7.79 x 14.5 x 32.7 x 25.4 x 18.5 x 19.2 x
EV / FCF 7.32 x 3.08 x 27.6 x 119 x 45.7 x -11.4 x 7.25 x 22.6 x
FCF Yield 13.7% 32.5% 3.62% 0.84% 2.19% -8.8% 13.8% 4.42%
Price to Book 1.66 x 0.82 x 0.5 x 0.41 x 0.24 x 0.19 x 0.19 x 0.19 x
Nbr of stocks (in thousands) 11,769,524 12,736,243 12,688,342 13,314,993 13,499,588 13,499,588 - -
Reference price 2 6.070 3.570 2.410 1.680 0.7500 0.6300 0.6300 0.6300
Announcement Date 3/25/20 3/23/21 3/29/22 3/28/23 3/27/24 - - -
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 47,605 71,669 110,659 94,623 78,477 76,369 75,311 76,883
EBITDA 1 9,685 13,244 14,551 7,684 3,269 4,286 5,453 5,667
EBIT 1 9,221 12,469 13,984 7,108 2,374 4,900 5,212 5,426
Operating Margin 19.37% 17.4% 12.64% 7.51% 3.03% 6.42% 6.92% 7.06%
Earnings before Tax (EBT) 1 14,081 11,509 15,622 11,125 -3,048 3,843 4,178 5,235
Net income 1 7,085 4,632 5,763 2,262 -7,475 1,606 2,062 2,361
Net margin 14.88% 6.46% 5.21% 2.39% -9.53% 2.1% 2.74% 3.07%
EPS 2 0.6081 0.3778 0.4535 0.1774 -0.5595 0.1207 0.1533 0.1758
Free Cash Flow 1 21,595 35,936 4,100 938.1 2,339 -9,574 13,933 4,802
FCF margin 45.36% 50.14% 3.7% 0.99% 2.98% -12.54% 18.5% 6.25%
FCF Conversion (EBITDA) 222.97% 271.35% 28.17% 12.21% 71.55% - 255.51% 84.72%
FCF Conversion (Net income) 304.82% 775.9% 71.14% 41.47% - - 675.59% 203.41%
Dividend per Share 2 0.2300 0.2600 0.1200 0.1100 - 0.0397 0.0357 0.0400
Announcement Date 3/25/20 3/23/21 3/29/22 3/28/23 3/27/24 - - -
1HKD in Million2HKD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2
Net sales 1 31,419 13,563 57,233 34,247 75,695 32,639 61,849 28,922 49,384 29,915 47,337 30,002 45,004
EBITDA - - - - - - - - - - - - -
EBIT 1 - - - 3,658 10,249 3,583 3,510 1,368 997.9 1,986 2,763 2,610 3,915
Operating Margin - - - 10.68% 13.54% 10.98% 5.68% 4.73% 2.02% 6.64% 5.84% 8.7% 8.7%
Earnings before Tax (EBT) 1 - - - - - - - - - -72.55 294.5 - -
Net income 1 - - - - - 2,919 - - - -33.57 141.9 - -
Net margin - - - - - 8.94% - - - -0.11% 0.3% - -
EPS 2 - - - - - 0.2299 -0.0535 0.0350 -0.5947 0.0160 0.0325 0.0540 0.0860
Dividend per Share - 0.1200 - 0.1200 - 0.0900 0.0200 0.0150 - - - - -
Announcement Date 3/25/20 8/25/20 3/23/21 8/24/21 3/29/22 8/30/22 3/28/23 8/29/23 3/27/24 - - - -
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 86,603 65,227 82,767 89,017 96,791 100,297 92,549 100,186
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 8.942 x 4.925 x 5.688 x 11.58 x 29.61 x 23.4 x 16.97 x 17.68 x
Free Cash Flow 1 21,595 35,936 4,100 938 2,339 -9,574 13,933 4,802
ROE (net income / shareholders' equity) 17.2% 15.2% 9.7% 4.07% -15.7% 3.42% 4.73% 4.65%
ROA (Net income/ Total Assets) 2.16% 1.95% 1.17% 0.48% -1.64% 0.56% 0.72% 0.75%
Assets 1 328,186 236,934 491,343 475,246 456,097 284,212 287,753 315,949
Book Value Per Share 2 3.670 4.380 4.840 4.070 3.180 3.240 3.300 3.240
Cash Flow per Share 2 1.880 3.050 0.4300 0.1600 0.2500 0.4900 0.5600 0.6000
Capex 1 1,185 1,420 1,360 1,095 1,002 1,159 1,198 1,244
Capex / Sales 2.49% 1.98% 1.23% 1.16% 1.28% 1.52% 1.59% 1.62%
Announcement Date 3/25/20 3/23/21 3/29/22 3/28/23 3/27/24 - - -
1HKD in Million2HKD
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
13
Last Close Price
0.63 HKD
Average target price
0.9026 HKD
Spread / Average Target
+43.27%
Consensus
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