Financials Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD.

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-07-15 pm EDT			5-day change	1st Jan Change
6.07 ^CNY	-0.49%		-3.65%	-19.60%

May. 15	Wujin Stainless Steel Pipe Chairman Steps Down; Shares Rise 3%	MT
Apr. 25	Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	3,238	3,054	2,805	4,312	4,236	3,406	-	-
Enterprise Value (EV) ¹	3,238	3,054	2,805	4,312	4,236	3,406	3,406	3,406
P/E ratio	10.4 x	13.9 x	15.9 x	19.9 x	12.2 x	7.54 x	6.74 x	6.1 x
Yield	-	-	-	-	7.02%	8.9%	8.9%	8.9%
Capitalization / Revenue	1.39 x	1.27 x	1.04 x	1.52 x	1.2 x	0.83 x	0.77 x	0.73 x
EV / Revenue	1.39 x	1.27 x	1.04 x	1.52 x	1.2 x	0.83 x	0.77 x	0.73 x
EV / EBITDA	7.56 x	9.44 x	10.6 x	14.1 x	8.68 x	5.59 x	5.05 x	4.63 x
EV / FCF	-123,012,857 x	10,959,309 x	-	-	-	-	-	-
FCF Yield	-0%	0%	-	-	-	-	-	-
Price to Book	1.38 x	1.27 x	1.13 x	1.67 x	1.52 x	1.15 x	1.07 x	0.98 x
Nbr of stocks (in thousands)	554,288	561,062	561,062	561,062	561,062	561,067	-	-
Reference price ²	5.842	5.443	5.000	7.686	7.550	6.070	6.070	6.070
Announcement Date	3/30/20	2/23/21	2/11/22	2/1/23	4/25/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,324	2,401	2,699	2,830	3,516	4,124	4,432	4,647
EBITDA ¹	428.2	323.4	265.8	306.6	488	609.6	675	736.1
EBIT ¹	366.6	258.7	197.9	233.5	405.6	517.4	579.1	637.1
Operating Margin	15.78%	10.78%	7.33%	8.25%	11.54%	12.55%	13.07%	13.71%
Earnings before Tax (EBT) ¹	365.4	253.6	201.7	245.8	407.5	522	582.4	641.5
Net income ¹	314.9	220.4	176.3	215.1	351.6	451.3	505.9	557.1
Net margin	13.55%	9.18%	6.53%	7.6%	10%	10.94%	11.41%	11.99%
EPS ²	0.5612	0.3929	0.3143	0.3857	0.6200	0.8050	0.9000	0.9950
Free Cash Flow	-26.32	278.6	-	-	-	-	-	-
FCF margin	-1.13%	11.61%	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	86.17%	-	-	-	-	-	-
FCF Conversion (Net income)	-	126.41%	-	-	-	-	-	-
Dividend per Share ²	-	-	-	-	0.5300	0.5400	0.5400	0.5400
Announcement Date	3/30/20	2/23/21	2/11/22	2/1/23	4/25/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-26.3	279	-	-	-	-	-	-
ROE (net income / shareholders' equity)	13.9%	9.23%	7.23%	8.55%	13.2%	15.3%	15.8%	16%
ROA (Net income/ Total Assets)	-	-	-	-	8.26%	9.36%	9.64%	9.34%
Assets ¹	-	-	-	-	4,258	4,821	5,248	5,964
Book Value Per Share ²	4.230	4.290	4.410	4.600	4.950	5.270	5.690	6.180
Cash Flow per Share ²	0.0800	0.6100	0.8700	-0.0400	0.3600	0.7500	0.8800	0.9800
Capex ¹	75.6	65.2	103	86.2	88	86.8	69.2	111
Capex / Sales	3.25%	2.72%	3.83%	3.04%	2.5%	2.1%	1.56%	2.39%
Announcement Date	3/30/20	2/23/21	2/11/22	2/1/23	4/25/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

6.07 CNY

Average target price

10.25 CNY

Spread / Average Target

+68.86%

	1st Jan change	Capi.
JIANGSU WUJIN STAINLESS STEEL PIPE GROUP CO.,LTD.	-19.60%	469M
JSW STEEL LIMITED	+6.15%	27.25B
BAOSHAN IRON & STEEL CO., LTD.	+18.21%	20.94B
JINDAL STEEL & POWER LIMITED	+35.02%	12.33B
CHINA STEEL CORPORATION	-14.44%	10.79B
CITIC PACIFIC SPECIAL STEEL GROUP CO., LTD	-8.19%	8.96B
BHARAT FORGE LIMITED	+33.65%	9.23B
INNER MONGOLIA BAOTOU STEEL UNION CO., LTD.	-2.74%	8.88B
JINDAL STAINLESS LIMITED	+39.49%	7.86B
TERNIUM S.A.	-11.82%	7.35B