By Helgi Library - October 12, 2020
Jianpu Technology's total assets reached CNY 2,225 mil at the end of 2Q2019, down 2.03% compared to the previous year. ...
| Profit Statement | Dec 2018 | Mar 2019 | Jun 2019 | |
| Sales | CNY mil | 742 | 655 | 362 |
| Gross Profit | CNY mil | 675 | 599 | 338 |
| EBITDA | CNY mil | 26.1 | 26.1 | -83.6 |
| EBIT | CNY mil | 16.8 | 16.0 | -93.9 |
| Financing Cost | CNY mil | 0 | 0 | 0 |
| Pre-Tax Profit | CNY mil | 19.1 | 18.3 | -87.0 |
| Net Profit | CNY mil | 9.36 | 16.1 | -83.7 |
| Balance Sheet | Dec 2018 | Mar 2019 | Jun 2019 | |
| Total Assets | CNY mil | 2,445 | 2,443 | 2,225 |
| Non-Current Assets | CNY mil | 350 | 430 | 383 |
| Current Assets | CNY mil | 2,095 | 2,013 | 1,842 |
| Working Capital | CNY mil | 243 | 219 | 289 |
| Shareholders' Equity | CNY mil | 1,704 | 1,668 | 1,570 |
| Liabilities | CNY mil | 741 | 774 | 655 |
| Total Debt | CNY mil | 130 | 149 | 149 |
| Net Debt | CNY mil | -1,140 | -955 | -768 |
| Ratios | Dec 2018 | Mar 2019 | Jun 2019 | |
| ROE | % | -9.97 | -5.37 | -6.79 |
| ROCE | % | -36.9 | -16.0 | -18.5 |
| Gross Margin | % | 88.9 | 90.1 | 91.1 |
| EBITDA Margin | % | -7.97 | -3.24 | -3.60 |
| EBIT Margin | % | -8.88 | -4.45 | -5.34 |
| Net Margin | % | -8.18 | -3.92 | -5.14 |
| Net Debt/EBITDA | 7.11 | 12.6 | 9.69 | |
| Net Debt/Equity | % | -66.9 | -57.2 | -48.9 |
| Cost of Financing | % | 0 | 0 | 0 |
| Valuation | Dec 2018 | Mar 2019 | Jun 2019 | |
| Market Capitalisation | USD mil | 692 | 843 | 632 |
| Enterprise Value (EV) | USD mil | 527 | 701 | 520 |
| Number Of Shares | mil | 167 | 168 | 167 |
| Share Price | CNY | 28.5 | 33.8 | 25.9 |
| EV/EBITDA | -22.6 | -63.0 | -44.6 | |
| EV/Sales | 1.80 | 2.04 | 1.60 | |
| Price/Earnings (P/E) | -28.9 | -61.9 | -38.3 | |
| Price/Book Value (P/BV) | 2.80 | 3.39 | 2.76 | |
| Dividend Yield | % | 0 | 0 | 0 |
Get all company financials in excel:
| summary | Unit | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 |
| income statement | |||||||||||||||
| Sales | CNY mil | 585 | 336 | 490 | 444 | 742 | |||||||||
| Gross Profit | CNY mil | 523 | 286 | 431 | 396 | 675 | |||||||||
| EBIT | CNY mil | -118 | -59.0 | -80.0 | -56.5 | 16.8 | |||||||||
| Net Profit | CNY mil | -136 | -57.1 | -61.8 | -55.1 | 9.36 | |||||||||
| ROE | % | ... | ... | ... | -44.6 | -28.5 | -22.7 | -19.3 | -9.97 | ||||||
| EBIT Margin | % | -12.0 | -12.4 | -14.3 | -16.9 | -8.88 | |||||||||
| Net Margin | % | -14.0 | -13.8 | -14.5 | -16.7 | -8.18 | |||||||||
| balance sheet | |||||||||||||||
| Total Assets | CNY mil | ... | ... | ... | 1,914 | 1,958 | 2,271 | 2,217 | 2,445 | ||||||
| Non-Current Assets | CNY mil | ... | ... | ... | 26.6 | 54.5 | 311 | 319 | 350 | ||||||
| Current Assets | CNY mil | ... | ... | ... | 1,887 | 1,904 | 1,960 | 1,898 | 2,095 | ||||||
| Shareholders' Equity | CNY mil | ... | ... | ... | 1,538 | 1,463 | 1,706 | 1,733 | 1,704 | ||||||
| Liabilities | CNY mil | ... | ... | ... | 375 | 496 | 565 | 484 | 741 | ||||||
| Non-Current Liabilities | CNY mil | ... | ... | ... | 0 | 23.3 | 41.1 | 39.7 | 37.4 | ||||||
| Current Liabilities | CNY mil | ... | ... | ... | 375 | 472 | 524 | 444 | 704 | ||||||
| Net Debt/EBITDA | ... | ... | ... | 9.01 | 6.75 | 4.50 | 3.65 | 7.11 | |||||||
| Net Debt/Equity | % | ... | ... | ... | -100 | -93.1 | -70.1 | -63.6 | -66.9 | ||||||
| Cost of Financing | % | ... | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | 0 | 0 | ||
| valuation | |||||||||||||||
| Market Capitalisation | USD mil | ... | ... | ... | ... | ... | ... | ... | 2,683 | 766 | 1,111 | 821 | 692 | ||
| Number Of Shares | mil | ... | ... | ... | ... | ... | ... | ... | 377 | 166 | 167 | 168 | 167 | ||
| Share Price | CNY | ... | ... | ... | ... | ... | ... | ... | 46.3 | 29.1 | 44.1 | 33.6 | 28.5 | ||
| Earnings Per Share (EPS) | CNY | ... | ... | ... | ... | ... | ... | ... | -0.536 | -1.37 | -1.63 | -1.85 | -0.985 | ||
| Book Value Per Share | CNY | ... | ... | ... | ... | ... | ... | ... | 4.08 | 8.83 | 10.2 | 10.3 | 10.2 | ||
| Dividend Per Share | CNY | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | ||
| Price/Earnings (P/E) | ... | ... | ... | ... | ... | ... | ... | -86.4 | -21.2 | -27.1 | -18.2 | -28.9 | |||
| Price/Book Value (P/BV) | ... | ... | ... | ... | ... | ... | ... | 11.4 | 3.29 | 4.31 | 3.26 | 2.80 | |||
| Dividend Yield | % | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | ||
| Earnings Per Share Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 83.7 | ||
| Book Value Per Share Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 150 |
| income statement | Unit | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 |
| income statement | |||||||||||||||
| Sales | CNY mil | 585 | 336 | 490 | 444 | 742 | |||||||||
| Cost of Goods & Services | CNY mil | 61.3 | 49.3 | 59.1 | 47.4 | 67.6 | |||||||||
| Gross Profit | CNY mil | 523 | 286 | 431 | 396 | 675 | |||||||||
| Other Cost | CNY mil | 639 | 345 | 511 | 444 | 648 | |||||||||
| EBITDA | CNY mil | -116 | -58.6 | -80.0 | -47.8 | 26.1 | |||||||||
| Depreciation | CNY mil | 2.17 | 0.418 | 0 | 8.67 | 9.23 | |||||||||
| EBIT | CNY mil | -118 | -59.0 | -80.0 | -56.5 | 16.8 | |||||||||
| Financing Cost | CNY mil | 0 | 0 | 0 | 0 | 0 | |||||||||
| Extraordinary Cost | CNY mil | 0 | -1.94 | -7.65 | -2.55 | -2.26 | |||||||||
| Pre-Tax Profit | CNY mil | -118 | -57.1 | -72.3 | -54.0 | 19.1 | |||||||||
| Tax | CNY mil | 18.5 | 0 | -11.2 | -0.424 | 7.19 | |||||||||
| Minorities | CNY mil | 0 | 0 | 0.716 | 1.57 | 2.54 | |||||||||
| Net Profit | CNY mil | -136 | -57.1 | -61.8 | -55.1 | 9.36 | |||||||||
| growth rates | |||||||||||||||
| Total Revenue Growth | % | ... | ... | ... | ... | 414 | 144 | 91.5 | -5.14 | 26.9 | |||||
| Operating Cost Growth | % | ... | ... | ... | ... | 362 | 133 | 106 | 1.47 | 1.47 | |||||
| EBITDA Growth | % | ... | ... | ... | ... | 168 | 107 | 412 | 305 | -123 | |||||
| EBIT Growth | % | ... | ... | ... | ... | 173 | 109 | 412 | 378 | -114 | |||||
| Pre-Tax Profit Growth | % | ... | ... | ... | ... | 174 | 102 | 363 | 352 | -116 | |||||
| Net Profit Growth | % | ... | ... | ... | ... | 217 | 80.6 | 254 | 231 | -107 | |||||
| ratios | |||||||||||||||
| ROE | % | ... | ... | ... | -44.6 | -28.5 | -22.7 | -19.3 | -9.97 | ||||||
| ROCE | % | ... | ... | ... | ... | ... | ... | -695 | -375 | -150 | -101 | -36.9 | |||
| Gross Margin | % | ... | ... | ... | 90.1 | 89.3 | 88.7 | 88.3 | 88.9 | ||||||
| EBITDA Margin | % | ... | ... | ... | -11.9 | -12.3 | -14.2 | -16.3 | -7.97 | ||||||
| EBIT Margin | % | -12.0 | -12.4 | -14.3 | -16.9 | -8.88 | |||||||||
| Net Margin | % | -14.0 | -13.8 | -14.5 | -16.7 | -8.18 | |||||||||
| Payout Ratio | % | 0 | 0 | 0 | 0 | 0 | |||||||||
| Cost of Financing | % | ... | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | 0 | 0 | ||
| Net Debt/EBITDA | ... | ... | ... | 9.01 | 6.75 | 4.50 | 3.65 | 7.11 |
| balance sheet | Unit | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 |
| balance sheet | |||||||||||||||
| Non-Current Assets | CNY mil | ... | ... | ... | 26.6 | 54.5 | 311 | 319 | 350 | ||||||
| Property, Plant & Equipment | CNY mil | ... | ... | ... | 19.0 | 24.6 | 28.6 | 37.4 | 52.3 | ||||||
| Current Assets | CNY mil | ... | ... | ... | 1,887 | 1,904 | 1,960 | 1,898 | 2,095 | ||||||
| Inventories | CNY mil | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | ||||||
| Receivables | CNY mil | ... | ... | ... | 182 | 268 | 358 | 350 | 444 | ||||||
| Cash & Cash Equivalents | CNY mil | ... | ... | ... | 1,544 | 1,397 | 1,296 | 1,202 | 1,270 | ||||||
| Total Assets | CNY mil | ... | ... | ... | 1,914 | 1,958 | 2,271 | 2,217 | 2,445 | ||||||
| Shareholders' Equity | CNY mil | ... | ... | ... | 1,538 | 1,463 | 1,706 | 1,733 | 1,704 | ||||||
| Liabilities | CNY mil | ... | ... | ... | 375 | 496 | 565 | 484 | 741 | ||||||
| Non-Current Liabilities | CNY mil | ... | ... | ... | 0 | 23.3 | 41.1 | 39.7 | 37.4 | ||||||
| Long-Term Debt | CNY mil | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | ||||||
| Current Liabilities | CNY mil | ... | ... | ... | 375 | 472 | 524 | 444 | 704 | ||||||
| Short-Term Debt | CNY mil | ... | ... | ... | 0 | 34.3 | 100 | 100 | 130 | ||||||
| Trade Payables | CNY mil | ... | ... | ... | 177 | 170 | 168 | 131 | 202 | ||||||
| Equity And Liabilities | CNY mil | ... | ... | ... | 1,914 | 1,958 | 2,271 | 2,217 | 2,445 | ||||||
| growth rates | |||||||||||||||
| Total Asset Growth | % | ... | ... | ... | ... | ... | ... | ... | 1,323 | 860 | 730 | 490 | 27.8 | ||
| Shareholders' Equity Growth | % | ... | ... | ... | ... | ... | ... | ... | 2,824 | 1,705 | 1,458 | 2,015 | 10.8 | ||
| Net Debt Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 345,294 | -26.2 | ||
| Total Debt Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| ratios | |||||||||||||||
| Total Debt | CNY mil | ... | ... | ... | 0 | 34.3 | 100 | 100 | 130 | ||||||
| Net Debt | CNY mil | ... | ... | ... | -1,544 | -1,363 | -1,196 | -1,102 | -1,140 | ||||||
| Working Capital | CNY mil | ... | ... | ... | 4.72 | 97.9 | 191 | 219 | 243 | ||||||
| Capital Employed | CNY mil | ... | ... | ... | 31.3 | 152 | 502 | 539 | 593 | ||||||
| Net Debt/Equity | % | ... | ... | ... | -100 | -93.1 | -70.1 | -63.6 | -66.9 | ||||||
| Cost of Financing | % | ... | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | 0 | 0 |
| cash flow | Unit | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 |
| cash flow | |||||||||||||||
| Net Profit | CNY mil | -136 | -57.1 | -61.8 | -55.1 | 9.36 | |||||||||
| Depreciation | CNY mil | 2.17 | 0.418 | 0 | 8.67 | 9.23 | |||||||||
| ratios | |||||||||||||||
| Days Sales Outstanding | days | ... | ... | ... | 46.0 | 59.5 | 69.6 | 68.9 | 80.6 | ||||||
| Days Sales Of Inventory | days | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | ||||||
| Days Payable Outstanding | days | ... | ... | ... | 450 | 353 | 289 | 220 | 329 | ||||||
| Cash Conversion Cycle | days | ... | ... | ... | -404 | -294 | -220 | -151 | -249 | ||||||
| Cash Earnings | CNY mil | -134 | -56.6 | -61.8 | -46.4 | 18.6 | |||||||||
| Cash Earnings Per Share | CNY | ... | ... | ... | ... | ... | ... | ... | -0.530 | -1.36 | -1.61 | -1.78 | -0.875 | ||
| Price/Cash Earnings (P/CE) | ... | ... | ... | ... | ... | ... | ... | -87.4 | -21.4 | -27.3 | -18.9 | -32.6 |
| other data | Unit | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 |
| other data | |||||||||||||||
| ROA | % | ... | ... | ... | -29.2 | -20.1 | -16.7 | -14.9 | -7.41 | ||||||
| Gross Margin | % | ... | ... | ... | 90.1 | 89.3 | 88.7 | 88.3 | 88.9 | ||||||
| Staff Cost (As % Of Total Cost) | % | 0 | 0 | 0 | 0 | 0 | |||||||||
| Effective Tax Rate | % | -16.3 | -12.4 | -4.65 | -2.28 | 2.72 | |||||||||
| Enterprise Value (EV) | USD mil | ... | ... | ... | ... | ... | ... | ... | 2,446 | 549 | 931 | 661 | 527 | ||
| EV/EBITDA | ... | ... | ... | ... | ... | ... | ... | -93.9 | -17.4 | -22.6 | -14.8 | -22.6 | |||
| EV/Capital Employed | ... | ... | ... | ... | ... | ... | ... | 509 | 22.7 | 12.3 | 8.43 | 6.12 | |||
| EV/Sales | ... | ... | ... | ... | ... | ... | ... | 11.1 | 2.14 | 3.20 | 2.40 | 1.80 | |||
| EV/EBIT | ... | ... | ... | ... | ... | ... | ... | -92.7 | -17.2 | -22.4 | -14.2 | -20.3 |
Get all company financials in excel:
Jianpu Technology has been growing its sales by a year on average in the last 5 years. EBITDA has grown by 0% during that time to total of CNY -153 mil in 2018, or -7.62% of sales. That’s compared to -45.9% average margin seen in last five years.
The company netted CNY -165 mil in 2018 implying ROE of -10.2% and ROCE of -52.8%. Again, the average figures were 119% and -608%, respectively when looking at the previous 5 years.
Jianpu Technology’s net debt amounted to CNY -1,140 mil at the end of 2018, or -0.669% of equity. When compared to EBITDA, net debt was 7.43x, up when compared to average of 4.16x seen in the last 5 years.
Jianpu Technology stock traded at CNY 28.5 per share at the end of 2018 resulting in a market capitalization of USD 692 mil. Over the previous five years, stock price grew by 0% or % a year on average. The closing price put stock at a 12-month trailing EV/EBITDA of -23.0x and price to earnings (PE) of -28.9x as of 2018.
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