Financials China Evergrande New Energy Vehicle Group Limited

Equities

708

HK0000264595

Homebuilding

Market Closed - Hong Kong S.E. 04:08:27 2024-07-12 EDT 5-day change 1st Jan Change
0.39 HKD +2.63% Intraday chart for China Evergrande New Energy Vehicle Group Limited -2.50% -23.53%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 78,142 59,995 224,099 31,101 28,098 5,027
Enterprise Value (EV) 1 91,489 112,961 286,633 68,072 54,352 31,712
P/E ratio -54.7 x -13.6 x -29.9 x -0.49 x -1.02 x -0.42 x
Yield - - - - - -
Capitalization / Revenue 24.9 x 10.6 x 14.5 x 12.3 x 210 x 3.75 x
EV / Revenue 29.2 x 20 x 18.5 x 26.9 x 406 x 23.7 x
EV / EBITDA 161 x -97.7 x -113 x -2.54 x -23.5 x -9.65 x
EV / FCF -23.4 x -5.76 x -36.8 x 3.12 x 2.06 x -0.76 x
FCF Yield -4.28% -17.4% -2.72% 32% 48.5% -131%
Price to Book -118 x -8 x -37 x -0.79 x -0.41 x -0.13 x
Nbr of stocks (in thousands) 8,640,000 8,640,000 8,816,580 10,843,793 10,843,793 10,843,793
Reference price 2 9.044 6.944 25.42 2.868 2.591 0.4635
Announcement Date 19-04-26 20-04-29 21-04-29 23-08-11 23-08-11 24-04-30
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,133 5,636 15,487 2,531 134 1,340
EBITDA 1 568.4 -1,156 -2,544 -26,763 -2,312 -3,286
EBIT 1 540 -1,871 -3,567 -27,978 -3,346 -3,799
Operating Margin 17.24% -33.2% -23.03% -1,105.3% -2,496.63% -283.46%
Earnings before Tax (EBT) 1 -1,132 -4,526 -7,395 -57,279 -15,784 -10,952
Net income 1 -1,429 -4,426 -7,394 -56,275 -27,660 -11,934
Net margin -45.62% -78.54% -47.74% -2,223.22% -20,640.37% -890.51%
EPS 2 -0.1654 -0.5123 -0.8510 -5.853 -2.551 -1.101
Free Cash Flow 1 -3,913 -19,610 -7,792 21,807 26,361 -41,551
FCF margin -124.89% -347.97% -50.31% 861.52% 19,670.43% -3,100.51%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 19-04-26 20-04-29 21-04-29 23-08-11 23-08-11 24-04-30
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 13,346 52,967 62,534 36,971 26,254 26,686
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 23.48 x -45.8 x -24.58 x -1.381 x -11.35 x -8.122 x
Free Cash Flow 1 -3,913 -19,610 -7,792 21,807 26,361 -41,551
ROE (net income / shareholders' equity) -1,683% 505% 215% 249% 27.5% 20.6%
ROA (Net income/ Total Assets) 2.26% -2.02% -1.83% -11.9% -1.62% -3.16%
Assets 1 -63,185 218,788 403,783 472,498 1,711,656 377,187
Book Value Per Share 2 -0.0800 -0.8700 -0.6900 -3.620 -6.330 -3.470
Cash Flow per Share 2 0.1800 1.140 1.190 0.2300 0.0200 0.0100
Capex 1 701 3,732 5,883 8,586 636 1,138
Capex / Sales 22.37% 66.23% 37.99% 339.2% 474.92% 84.94%
Announcement Date 19-04-26 20-04-29 21-04-29 23-08-11 23-08-11 24-04-30
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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