JINKO SOLAR CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7.4 CNY | +0.27% |
|
+3.50% | -16.48% |
| Apr. 29 | Jinko Solar Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Apr. 28 | Solar panel maker Jinko sees impact from fire at workshop in Shanxi province | RE |
Valuation
| Fiscal Period: December | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Capitalization 1 | 146,500 | 88,646 | 74,038 | - | - |
| Enterprise Value (EV) 1 | 146,500 | 80,414 | 72,049 | 77,653 | 65,873 |
| P/E ratio | 48.8 x | 11.8 x | 16.5 x | 12 x | 9.43 x |
| Yield | - | 2.53% | 1.33% | 2.01% | 2.88% |
| Capitalization / Revenue | 1.76 x | 0.75 x | 0.7 x | 0.59 x | 0.52 x |
| EV / Revenue | 1.76 x | 0.68 x | 0.68 x | 0.62 x | 0.47 x |
| EV / EBITDA | 24.8 x | 4.7 x | 5.92 x | 5.14 x | 3.56 x |
| EV / FCF | - | 18 x | -13.9 x | -388 x | 4.34 x |
| FCF Yield | - | 5.54% | -7.21% | -0.26% | 23.1% |
| Price to Book | 5.49 x | 2.58 x | 2 x | 1.76 x | 1.5 x |
| Nbr of stocks (in thousands) | 10,000,000 | 10,005,197 | 10,005,200 | - | - |
| Reference price 2 | 14.65 | 8.860 | 7.400 | 7.400 | 7.400 |
| Announcement Date | 2/27/23 | 2/27/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 40,570 | 83,075 | 118,682 | 106,124 | 125,579 | 141,421 |
| EBITDA 1 | - | 4,181 | 5,912 | 17,105 | 12,164 | 15,096 | 18,499 |
| EBIT 1 | - | 1,397 | 3,208 | 9,273 | 5,356 | 7,488 | 9,577 |
| Operating Margin | - | 3.44% | 3.86% | 7.81% | 5.05% | 5.96% | 6.77% |
| Earnings before Tax (EBT) 1 | 1,182 | 1,360 | 3,181 | 8,835 | 5,322 | 7,387 | 9,234 |
| Net income 1 | 1,042 | 1,141 | 2,947 | 7,486 | 4,468 | 6,162 | 7,855 |
| Net margin | - | 2.81% | 3.55% | 6.31% | 4.21% | 4.91% | 5.55% |
| EPS 2 | - | 0.1400 | 0.3000 | 0.7500 | 0.4475 | 0.6149 | 0.7850 |
| Free Cash Flow 1 | - | -5,939 | - | 4,458 | -5,194 | -200 | 15,187 |
| FCF margin | - | -14.64% | - | 3.76% | -4.89% | -0.16% | 10.74% |
| FCF Conversion (EBITDA) | - | - | - | 26.06% | - | - | 82.1% |
| FCF Conversion (Net income) | - | - | - | 59.55% | - | - | 193.34% |
| Dividend per Share 2 | - | 0.0230 | - | 0.2240 | 0.0981 | 0.1484 | 0.2133 |
| Announcement Date | 1/6/22 | 4/22/22 | 2/27/23 | 2/27/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 S1 | 2022 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 30,304 | 23,084 | 24,815 | 25,630 | 27,351 | 21,254 | 27,973 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - |
| Net income | 905.1 | 1,806 | - | - | - | - | - | - |
| Net margin | - | 5.96% | - | - | - | - | - | - |
| EPS | 0.0900 | - | 0.1100 | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 8/26/22 | 2/27/23 | 4/29/24 | - | - | - | - | - |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | 3,614 | - |
| Net Cash position 1 | - | - | - | 8,232 | 1,990 | - | 8,165 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | 0.2394 x | - |
| Free Cash Flow 1 | - | -5,939 | - | 4,458 | -5,194 | -200 | 15,187 |
| ROE (net income / shareholders' equity) | - | 8.42% | 12.2% | 24.2% | 11.8% | 15% | 16.2% |
| ROA (Net income/ Total Assets) | - | 1.85% | - | 6.26% | 2.82% | 4.62% | 5.66% |
| Assets 1 | - | 61,703 | - | 119,613 | 158,171 | 133,276 | 138,690 |
| Book Value Per Share 2 | - | 1.360 | 2.670 | 3.440 | 3.700 | 4.210 | 4.920 |
| Cash Flow per Share 2 | - | 0.3200 | - | 2.620 | 0.8900 | 1.460 | 1.580 |
| Capex 1 | - | 9,168 | - | 20,358 | 11,621 | 8,182 | 6,245 |
| Capex / Sales | - | 22.6% | - | 17.15% | 10.95% | 6.52% | 4.42% |
| Announcement Date | 1/6/22 | 4/22/22 | 2/27/23 | 2/27/24 | - | - | - |
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
7.4
CNY
Average target price
8.813
CNY
Spread / Average Target
+19.10%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -16.48% | 10.21B | |
| +35.38% | 24.97B | |
| -9.69% | 16.24B | |
| -38.08% | 14.82B | |
| -30.60% | 10.79B | |
| +10.48% | 7.41B | |
| -35.00% | 5.67B | |
| -9.86% | 5.66B | |
| -44.95% | 4.8B | |
| -49.32% | 4.76B |
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- Financials Jinko Solar Co., Ltd.
