Financials China Overseas Land & Investment Ltd.

Equities

688

HK0688002218

Real Estate Development & Operations

Market Closed - Hong Kong S.E. 04:08:12 2024-07-19 EDT 5-day change 1st Jan Change
13.02 HKD -4.26% Intraday chart for China Overseas Land & Investment Ltd. -6.33% -5.38%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 332,521 184,671 202,041 225,465 150,602 142,502 - -
Enterprise Value (EV) 1 436,114 305,943 339,123 408,399 315,240 318,170 334,896 291,918
P/E ratio 7.32 x 3.56 x 4.08 x 8.47 x 5.43 x 5.34 x 5.07 x 4.82 x
Yield 3.36% 7% 6.55% 3.88% 5.81% 5.87% 6.02% 6.36%
Capitalization / Revenue 1.86 x 0.84 x 0.68 x 1.09 x 0.69 x 0.64 x 0.61 x 0.58 x
EV / Revenue 2.44 x 1.39 x 1.14 x 1.98 x 1.44 x 1.42 x 1.44 x 1.2 x
EV / EBITDA 6.37 x 3.89 x 4.72 x 10.1 x 7.13 x 8.06 x 8.07 x 6.88 x
EV / FCF 106 x 27.2 x 12.8 x -33.9 x 8.32 x 25.7 x 21.2 x -
FCF Yield 0.95% 3.68% 7.8% -2.95% 12% 3.89% 4.72% -
Price to Book 1.08 x 0.5 x 0.48 x 0.56 x 0.37 x 0.34 x 0.33 x 0.31 x
Nbr of stocks (in thousands) 10,956,202 10,953,185 10,944,815 10,944,884 10,944,884 10,944,884 - -
Reference price 2 30.35 16.86 18.46 20.60 13.76 13.02 13.02 13.02
Announcement Date 20-03-26 21-03-29 22-03-31 23-03-31 24-03-28 - - -
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 178,452 220,642 298,693 206,002 219,235 223,586 233,218 244,262
EBITDA 1 68,507 78,613 71,892 40,303 44,217 39,486 41,482 42,409
EBIT 1 67,983 77,468 74,364 39,850 43,869 37,285 38,747 41,675
Operating Margin 38.1% 35.11% 24.9% 19.34% 20.01% 16.68% 16.61% 17.06%
Earnings before Tax (EBT) 1 70,826 82,186 77,842 41,135 44,513 41,235 43,215 46,593
Net income 1 45,382 52,140 49,513 26,578 27,723 26,690 28,129 29,598
Net margin 25.43% 23.63% 16.58% 12.9% 12.65% 11.94% 12.06% 12.12%
EPS 2 4.144 4.738 4.525 2.433 2.533 2.437 2.568 2.702
Free Cash Flow 1 4,128 11,246 26,450 -12,065 37,891 12,375 15,808 -
FCF margin 2.31% 5.1% 8.86% -5.86% 17.28% 5.53% 6.78% -
FCF Conversion (EBITDA) 6.03% 14.31% 36.79% - 85.69% 31.34% 38.11% -
FCF Conversion (Net income) 9.1% 21.57% 53.42% - 136.68% 46.36% 56.2% -
Dividend per Share 2 1.020 1.180 1.210 0.8000 0.8000 0.7644 0.7843 0.8282
Announcement Date 20-03-26 21-03-29 22-03-31 23-03-31 24-03-28 - - -
1HKD in Million2HKD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2
Net sales 1 96,083 99,265 115,391 129,705 165,674 118,723 87,432 95,929 122,718 94,638 130,290 105,228 157,842
EBITDA - - - - - - - - - - - - -
EBIT 1 - - - 37,749 35,651 27,603 12,282 20,518 23,225 14,148 21,223 15,560 23,341
Operating Margin - - - 29.1% 21.52% 23.25% 14.05% 21.39% 18.93% 14.95% 16.29% 14.79% 14.79%
Earnings before Tax (EBT) - - - - - - - - - - - - -
Net income - 22,991 - - - - - - - - - - -
Net margin - 23.16% - - - - - - - - - - -
EPS - - - - - - - - - - - - -
Dividend per Share - 0.4500 - 0.4500 - 0.4000 - - - - - - -
Announcement Date 20-03-26 20-08-24 21-03-29 21-08-23 22-03-31 22-08-24 23-03-31 23-09-13 24-03-28 - - - -
1HKD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 103,593 121,272 137,082 182,935 164,639 175,667 192,393 149,416
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.512 x 1.543 x 1.907 x 4.539 x 3.723 x 4.449 x 4.638 x 3.523 x
Free Cash Flow 1 4,128 11,246 26,450 -12,065 37,891 12,375 15,808 -
ROE (net income / shareholders' equity) 15.8% 14.8% 12.2% 7% 7.04% 6.25% 6.22% 6.23%
ROA (Net income/ Total Assets) 6.13% 5.67% 4.74% 2.74% 2.79% 2.57% 2.6% 2.65%
Assets 1 740,320 918,928 1,044,143 970,353 994,224 1,037,195 1,082,772 1,118,560
Book Value Per Share 2 28.10 33.90 38.80 37.00 36.90 38.40 40.00 41.60
Cash Flow per Share 2 0.9900 1.060 2.440 -1.040 3.480 1.190 1.520 -
Capex 1 6,720 14,582 268 701 221 559 1,448 956
Capex / Sales 3.77% 6.61% 0.09% 0.34% 0.1% 0.25% 0.62% 0.39%
Announcement Date 20-03-26 21-03-29 22-03-31 23-03-31 24-03-28 - - -
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
25
Last Close Price
13.02 HKD
Average target price
18.18 HKD
Spread / Average Target
+39.66%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. 688 Stock
  4. Financials China Overseas Land & Investment Ltd.