Financials Black Peony (Group) Co., Ltd.

Equities

600510

CNE000001BL9

Real Estate Development & Operations

End-of-day quote Shanghai S.E. 18:00:00 2024-05-16 EDT 5-day change 1st Jan Change
5.13 CNY +5.34% Intraday chart for Black Peony (Group) Co., Ltd. +8.23% -9.20%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 6,345 6,800 6,892 7,592 6,684 5,698
Enterprise Value (EV) 1 11,619 10,035 9,149 13,175 14,123 12,852
P/E ratio 9.62 x 8.82 x 8.59 x 11.7 x 11.4 x 16.1 x
Yield 3.22% 3.45% 3.39% 3.07% 3.18% 2.21%
Capitalization / Revenue 0.94 x 0.87 x 0.67 x 0.77 x 0.58 x 0.78 x
EV / Revenue 1.72 x 1.29 x 0.9 x 1.34 x 1.22 x 1.75 x
EV / EBITDA 10.6 x 6.12 x 5.56 x 8.66 x 9.35 x 18.3 x
EV / FCF -18.3 x 2.91 x 11.8 x -3.19 x -17.1 x 25.1 x
FCF Yield -5.47% 34.4% 8.48% -31.4% -5.86% 3.98%
Price to Book 0.8 x 0.81 x 0.77 x 0.81 x 0.73 x 0.58 x
Nbr of stocks (in thousands) 1,047,095 1,014,971 1,014,971 1,014,971 1,012,665 1,008,436
Reference price 2 6.060 6.700 6.790 7.480 6.600 5.650
Announcement Date 19-04-18 20-04-21 21-04-19 22-04-25 23-04-24 24-04-23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 6,758 7,777 10,212 9,827 11,545 7,345
EBITDA 1 1,101 1,640 1,647 1,522 1,511 704.1
EBIT 1 1,003 1,525 1,540 1,412 1,408 614.5
Operating Margin 14.84% 19.6% 15.08% 14.37% 12.19% 8.37%
Earnings before Tax (EBT) 1 1,093 1,722 1,744 1,207 1,204 782.3
Net income 1 661.8 781.3 797.8 662.6 610.9 364.3
Net margin 9.79% 10.05% 7.81% 6.74% 5.29% 4.96%
EPS 2 0.6300 0.7600 0.7900 0.6400 0.5800 0.3500
Free Cash Flow 1 -635.2 3,452 776.1 -4,130 -827.8 511.8
FCF margin -9.4% 44.39% 7.6% -42.03% -7.17% 6.97%
FCF Conversion (EBITDA) - 210.53% 47.12% - - 72.69%
FCF Conversion (Net income) - 441.83% 97.27% - - 140.48%
Dividend per Share 2 0.1950 0.2310 0.2300 0.2300 0.2100 0.1250
Announcement Date 19-04-18 20-04-21 21-04-19 22-04-25 23-04-24 24-04-23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 5,274 3,235 2,257 5,583 7,439 7,154
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 4.792 x 1.973 x 1.37 x 3.668 x 4.924 x 10.16 x
Free Cash Flow 1 -635 3,452 776 -4,130 -828 512
ROE (net income / shareholders' equity) 9.04% 14.1% 12.9% 8.13% 7.82% 3.93%
ROA (Net income/ Total Assets) 2.54% 3.29% 2.98% 2.57% 2.65% 1.25%
Assets 1 26,012 23,759 26,738 25,735 23,027 29,145
Book Value Per Share 2 7.620 8.310 8.770 9.230 9.030 9.760
Cash Flow per Share 2 3.010 4.010 5.000 3.780 3.370 3.810
Capex 1 18.6 23.7 72.7 109 32 6.1
Capex / Sales 0.27% 0.3% 0.71% 1.11% 0.28% 0.08%
Announcement Date 19-04-18 20-04-21 21-04-19 22-04-25 23-04-24 24-04-23
1CNY in Million2CNY
Estimates
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