Financials Beijing Dalong Weiye Real Estate Development Co.,Ltd

Equities

600159

CNE000000W21

Real Estate Development & Operations

End-of-day quote Shanghai S.E. 18:00:00 2024-05-14 EDT 5-day change 1st Jan Change
2.67 CNY +1.91% Intraday chart for Beijing Dalong Weiye Real Estate Development Co.,Ltd +4.30% -31.54%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,000 2,117 2,108 2,548 2,507 3,237
Enterprise Value (EV) 1 1,576 1,182 1,296 1,572 1,483 2,689
P/E ratio 21.9 x 21.3 x 19.5 x 25.6 x -14.4 x -9.77 x
Yield 2.07% 1.96% 1.97% 1.63% - -
Capitalization / Revenue 2.27 x 2.32 x 2.14 x 1.5 x 2.89 x 4.56 x
EV / Revenue 1.79 x 1.3 x 1.31 x 0.92 x 1.71 x 3.79 x
EV / EBITDA 11.4 x 8.13 x 9.02 x 5.83 x -8.4 x 162 x
EV / FCF 65.4 x 2.11 x -15.6 x 7.33 x 7.9 x 42.8 x
FCF Yield 1.53% 47.4% -6.41% 13.6% 12.7% 2.33%
Price to Book 0.87 x 0.9 x 0.87 x 1.03 x 1.11 x 2.07 x
Nbr of stocks (in thousands) 830,003 830,003 830,003 830,003 830,003 830,003
Reference price 2 2.410 2.550 2.540 3.070 3.020 3.900
Announcement Date 19-04-24 20-04-09 21-04-15 22-04-15 23-04-21 24-04-19
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 882.4 912.7 987.1 1,701 867.7 709.3
EBITDA 1 138.2 145.4 143.7 269.8 -176.6 16.59
EBIT 1 126.7 134.8 133.2 259.4 -188.1 5.653
Operating Margin 14.36% 14.77% 13.49% 15.24% -21.68% 0.8%
Earnings before Tax (EBT) 1 122.8 128.7 137.7 267.2 -154.9 -303.1
Net income 1 91.09 101.2 105 101.3 -172.4 -330.8
Net margin 10.32% 11.08% 10.64% 5.95% -19.87% -46.64%
EPS 2 0.1100 0.1200 0.1300 0.1200 -0.2100 -0.3990
Free Cash Flow 1 24.1 560.6 -82.99 214.4 187.8 62.78
FCF margin 2.73% 61.42% -8.41% 12.6% 21.64% 8.85%
FCF Conversion (EBITDA) 17.44% 385.41% - 79.48% - 378.33%
FCF Conversion (Net income) 26.46% 554.16% - 211.64% - -
Dividend per Share 2 0.0500 0.0500 0.0500 0.0500 - -
Announcement Date 19-04-24 20-04-09 21-04-15 22-04-15 23-04-21 24-04-19
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 424 934 813 976 1,024 548
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 24.1 561 -83 214 188 62.8
ROE (net income / shareholders' equity) 3.94% 3.99% 4.24% 7.25% -7.82% -15.2%
ROA (Net income/ Total Assets) 2.15% 1.99% 1.88% 3.75% -2.79% 0.09%
Assets 1 4,236 5,083 5,580 2,701 6,185 -357,614
Book Value Per Share 2 2.760 2.830 2.910 2.980 2.720 1.880
Cash Flow per Share 2 0.8300 1.160 0.9800 1.180 1.230 0.5400
Capex 1 2.08 0.88 1.64 0.48 0.85 0.09
Capex / Sales 0.24% 0.1% 0.17% 0.03% 0.1% 0.01%
Announcement Date 19-04-24 20-04-09 21-04-15 22-04-15 23-04-21 24-04-19
1CNY in Million2CNY
Estimates
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