Financials Greentown Management Holdings Company Limited

Equities

9979

KYG4102M1033

Construction & Engineering

Market Closed - Hong Kong S.E. 04:08:13 2024-07-03 EDT 5-day change 1st Jan Change
5.26 HKD +4.37% Intraday chart for Greentown Management Holdings Company Limited -3.49% -2.05%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,488 8,519 10,651 9,810 9,427 - -
Enterprise Value (EV) 1 5,488 6,322 8,565 7,601 7,029 6,658 6,210
P/E ratio 12.5 x 15 x 13.9 x 9.96 x 7.59 x 6.1 x 5.05 x
Yield 6.07% 4.6% 5.66% 7.79% 10.5% 12.9% 15.6%
Capitalization / Revenue 3.03 x 3.8 x 4.01 x 2.97 x 2.32 x 1.89 x 1.57 x
EV / Revenue 3.03 x 2.82 x 3.22 x 2.3 x 1.73 x 1.34 x 1.04 x
EV / EBITDA 11.1 x 9.02 x 9.09 x 6.21 x 4.73 x 3.64 x 2.88 x
EV / FCF 6.17 x -215 x - 8.17 x 5.44 x 3.89 x 3.03 x
FCF Yield 16.2% -0.47% - 12.2% 18.4% 25.7% 33%
Price to Book 1.78 x 2.55 x 2.85 x 2.46 x 2.23 x 2.03 x 1.84 x
Nbr of stocks (in thousands) 1,957,976 1,957,976 2,010,000 2,010,000 2,010,000 - -
Reference price 2 2.803 4.351 5.299 4.881 4.690 4.690 4.690
Announcement Date 21-03-22 22-03-22 23-03-17 24-03-21 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,994 1,813 2,243 2,656 3,302 4,069 4,982 5,988
EBITDA 1 - 493.8 701.1 942.4 1,224 1,487 1,827 2,153
EBIT 1 - 470.2 676.1 873.5 1,140 1,412 1,748 2,109
Operating Margin - 25.94% 30.14% 32.89% 34.51% 34.69% 35.08% 35.22%
Earnings before Tax (EBT) 1 - 524.9 722.2 924.6 1,177 1,502 1,870 2,270
Net income 1 - 439.3 565.2 744.5 973.6 1,237 1,544 1,881
Net margin - 24.23% 25.2% 28.03% 29.48% 30.41% 31% 31.41%
EPS 2 0.2300 0.2244 0.2900 0.3800 0.4900 0.6181 0.7683 0.9292
Free Cash Flow 1 - 889.2 -29.41 - 930.7 1,293 1,712 2,052
FCF margin - 49.05% -1.31% - 28.18% 31.78% 34.36% 34.28%
FCF Conversion (EBITDA) - 180.07% - - 76.04% 86.93% 93.72% 95.34%
FCF Conversion (Net income) - 202.4% - - 95.59% 104.5% 110.86% 109.12%
Dividend per Share 2 - 0.1700 0.2000 0.3000 0.3800 0.4916 0.6068 0.7300
Announcement Date 20-06-28 21-03-22 22-03-22 23-03-17 24-03-21 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 S1
Net sales 1 1,259
EBITDA -
EBIT -
Operating Margin -
Earnings before Tax (EBT) 1 466.8
Net income 1 360.8
Net margin 28.67%
EPS -
Dividend per Share -
Announcement Date 22-07-27
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - - 2,197 2,086 2,210 2,398 2,769 3,216
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - 889 -29.4 - 931 1,293 1,712 2,053
ROE (net income / shareholders' equity) - 18.8% 17.6% 21% 25.2% 29.2% 33.1% 35.6%
ROA (Net income/ Total Assets) - 10.3% 11.3% 13.1% 15.1% 16.5% 17.8% 18.1%
Assets 1 - 4,254 4,996 5,703 6,447 7,478 8,654 10,395
Book Value Per Share 2 - 1.570 1.710 1.860 1.990 2.110 2.310 2.540
Cash Flow per Share 2 - 0.5400 0.2900 0.3700 0.4800 0.6400 0.7900 1.080
Capex 1 - 14.1 20.7 27.6 24.4 29.9 44.3 50.1
Capex / Sales - 0.78% 0.92% 1.04% 0.74% 0.73% 0.89% 0.84%
Announcement Date 20-06-28 21-03-22 22-03-22 23-03-17 24-03-21 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
4.69 CNY
Average target price
7.862 CNY
Spread / Average Target
+67.64%
Consensus

Annual profits - Rate of surprise

  1. Stock Market
  2. Equities
  3. 9979 Stock
  4. Financials Greentown Management Holdings Company Limited