Financials Ganglong China Property Group Limited

Equities

6968

KYG373041055

Real Estate Development & Operations

Market Closed - Hong Kong S.E. 04:08:42 2024-06-28 EDT 5-day change 1st Jan Change
0.186 HKD +1.64% Intraday chart for Ganglong China Property Group Limited +5.68% -4.62%

Valuation

Fiscal Period: December 2020 2021 2022 2023
Capitalization 1 6,354 6,057 1,074 287.4
Enterprise Value (EV) 1 16,454 16,853 9,530 7,786
P/E ratio 5.74 x 12.6 x 8.83 x 1.94 x
Yield 4.62% - - -
Capitalization / Revenue 1.52 x 0.58 x 0.09 x 0.02 x
EV / Revenue 3.94 x 1.63 x 0.8 x 0.44 x
EV / EBITDA 23.7 x 13 x 8.29 x 4.54 x
EV / FCF -5.54 x -3 x 5.44 x 5.3 x
FCF Yield -18% -33.3% 18.4% 18.9%
Price to Book 1.72 x 1.58 x 0.27 x 0.07 x
Nbr of stocks (in thousands) 1,630,618 1,626,704 1,621,799 1,621,799
Reference price 2 3.897 3.724 0.6624 0.1772
Announcement Date 21-04-19 22-04-08 23-04-21 24-04-22
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,660 1,978 4,171 10,369 11,892 17,579
EBITDA 1 380.2 441.7 693.6 1,297 1,149 1,713
EBIT 1 377.5 435.2 684.7 1,283 1,131 1,698
Operating Margin 22.75% 22% 16.41% 12.37% 9.51% 9.66%
Earnings before Tax (EBT) 1 481 763.9 1,024 1,504 1,075 1,546
Net income 1 354.8 668 960.7 480.9 121.9 148
Net margin 21.38% 33.77% 23.03% 4.64% 1.02% 0.84%
EPS - 0.5567 0.6786 0.2950 0.0750 0.0912
Free Cash Flow 1 -1,443 -6,288 -2,969 -5,618 1,751 1,470
FCF margin -86.96% -317.88% -71.17% -54.18% 14.72% 8.36%
FCF Conversion (EBITDA) - - - - 152.4% 85.8%
FCF Conversion (Net income) - - - - 1,436.61% 993.41%
Dividend per Share - - 0.1800 - - -
Announcement Date 20-06-29 20-06-29 21-04-19 22-04-08 23-04-21 24-04-22
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 2,816 8,887 10,100 10,795 8,456 7,498
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 7.407 x 20.12 x 14.56 x 8.324 x 7.36 x 4.377 x
Free Cash Flow 1 -1,443 -6,288 -2,969 -5,618 1,751 1,470
ROE (net income / shareholders' equity) 64.9% 39.9% 20.9% 14.9% 5.43% 6.39%
ROA (Net income/ Total Assets) 3.21% 1.68% 1.24% 1.57% 1.38% 2.72%
Assets 1 11,059 39,710 77,611 30,670 8,842 5,446
Book Value Per Share - 1.040 2.270 2.360 2.440 2.520
Cash Flow per Share - 0.8800 2.790 1.420 0.7200 0.3500
Capex 1 5.79 18 22.5 34.3 9.87 1.97
Capex / Sales 0.35% 0.91% 0.54% 0.33% 0.08% 0.01%
Announcement Date 20-06-29 20-06-29 21-04-19 22-04-08 23-04-21 24-04-22
1CNY in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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