SHSE:600959

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Jiangsu Broadcasting Cable Information Network

Executive Summary

Jiangsu Broadcasting Cable Information Network Corporation Limited operates radio and television networks in China. More Details


Snowflake Analysis

Adequate balance sheet unattractive dividend payer.

Share Price & News

How has Jiangsu Broadcasting Cable Information Network's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 600959 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 600959's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

1.9%

600959

0.7%

CN Media

0.5%

CN Market


1 Year Return

-19.5%

600959

-4.1%

CN Media

23.2%

CN Market

Return vs Industry: 600959 underperformed the CN Media industry which returned -4.1% over the past year.

Return vs Market: 600959 underperformed the CN Market which returned 23.2% over the past year.


Shareholder returns

600959IndustryMarket
7 Day1.9%0.7%0.5%
30 Day4.6%1.3%0.6%
90 Day-12.9%-10.5%3.8%
1 Year-18.9%-19.5%-2.8%-4.1%25.2%23.2%
3 Year-56.7%-58.0%-21.7%-24.9%30.0%23.6%
5 Year-67.5%-68.8%-31.0%-35.1%47.5%37.4%

Long-Term Price Volatility Vs. Market

How volatile is Jiangsu Broadcasting Cable Information Network's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Jiangsu Broadcasting Cable Information Network undervalued compared to its fair value and its price relative to the market?

65.3x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 600959 (CN¥3.18) is trading above our estimate of fair value (CN¥0.33)

Significantly Below Fair Value: 600959 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 600959 is poor value based on its PE Ratio (65.3x) compared to the CN Media industry average (28x).

PE vs Market: 600959 is poor value based on its PE Ratio (65.3x) compared to the CN market (34.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 600959's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 600959 is good value based on its PB Ratio (0.7x) compared to the CN Media industry average (1.7x).


Next Steps

Future Growth

How is Jiangsu Broadcasting Cable Information Network forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

22.6%

Forecasted Media industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Jiangsu Broadcasting Cable Information Network has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Jiangsu Broadcasting Cable Information Network performed over the past 5 years?

-19.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 600959 has a large one-off gain of CN¥109.6M impacting its September 30 2020 financial results.

Growing Profit Margin: 600959's current net profit margins (3.1%) are lower than last year (6.5%).


Past Earnings Growth Analysis

Earnings Trend: 600959's earnings have declined by 19% per year over the past 5 years.

Accelerating Growth: 600959's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 600959 had negative earnings growth (-52.3%) over the past year, making it difficult to compare to the Media industry average (1.3%).


Return on Equity

High ROE: 600959's Return on Equity (1.3%) is considered low.


Next Steps

Financial Health

How is Jiangsu Broadcasting Cable Information Network's financial position?


Financial Position Analysis

Short Term Liabilities: 600959's short term assets (CN¥8.0B) do not cover its short term liabilities (CN¥9.7B).

Long Term Liabilities: 600959's short term assets (CN¥8.0B) exceed its long term liabilities (CN¥876.3M).


Debt to Equity History and Analysis

Debt Level: 600959's debt to equity ratio (6.3%) is considered satisfactory.

Reducing Debt: 600959's debt to equity ratio has reduced from 10.2% to 6.3% over the past 5 years.

Debt Coverage: 600959's debt is well covered by operating cash flow (191.3%).

Interest Coverage: Insufficient data to determine if 600959's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Jiangsu Broadcasting Cable Information Network current dividend yield, its reliability and sustainability?

0.94%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 600959's dividend (0.94%) is higher than the bottom 25% of dividend payers in the CN market (0.39%).

High Dividend: 600959's dividend (0.94%) is low compared to the top 25% of dividend payers in the CN market (1.77%).


Stability and Growth of Payments

Stable Dividend: 600959 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 600959 has only been paying a dividend for 5 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (61.6%), 600959's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

CN¥367k

CEO Compensation


CEO

Guozhong Wang

3.92yrs

Tenure

CN¥366,800

Compensation

Guozhong Wang has been General Manager at Jiangsu Broadcasting Cable Information Network Corporation Limited since April 21, 2017.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Jiangsu Broadcasting Cable Information Network Corporation Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Jiangsu Broadcasting Cable Information Network Corporation Limited
  • Ticker: 600959
  • Exchange: SHSE
  • Founded: NaN
  • Industry: Broadcasting
  • Sector: Media
  • Market Cap: CN¥15.702b
  • Shares outstanding: 5.00b
  • Website: https://www.jscnnet.com

Number of Employees


Location

  • Jiangsu Broadcasting Cable Information Network Corporation Limited
  • Jiangsu Radio and Television City, No. 4
  • 25th Floor
  • Nanjing
  • Jiangsu Province
  • 210008
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
600959SHSE (Shanghai Stock Exchange)YesDomestic SharesCNCNYApr 2015
600959XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)YesDomestic SharesCNCNYApr 2015

Biography

Jiangsu Broadcasting Cable Information Network Corporation Limited operates radio and television networks in China. The company is also involved in radio and television transmission activities; the develop...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/04 09:12
End of Day Share Price2021/03/04 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.