HAINAN EXPRESSWAY CO., LTD. Financials Hainan Expressway Co., Ltd.
Equities
000886
CNE000000V48
Real Estate Development & Operations
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.94 CNY | +0.68% |
|
+24.79% | +44.88% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 3,708 | 4,114 | 4,825 | 3,926 | 4,796 | 4,054 |
| Enterprise Value (EV) 1 | 1,839 | 2,309 | 3,275 | 2,301 | 3,092 | 2,732 |
| P/E ratio | 22.3 x | 69.3 x | 54.2 x | 79.4 x | 19.4 x | 44.6 x |
| Yield | 1.33% | - | 2.05% | 1.26% | 1.03% | 1.22% |
| Capitalization / Revenue | 8.03 x | 23.7 x | 40.1 x | 31 x | 28.4 x | 32.7 x |
| EV / Revenue | 3.98 x | 13.3 x | 27.2 x | 18.1 x | 18.3 x | 22 x |
| EV / EBITDA | 10 x | 78.3 x | -253 x | -53.3 x | -73.5 x | -31.7 x |
| EV / FCF | 6.72 x | 122 x | -22.9 x | -22.2 x | -23.7 x | -6.75 x |
| FCF Yield | 14.9% | 0.82% | -4.38% | -4.5% | -4.23% | -14.8% |
| Price to Book | 1.34 x | 1.48 x | 1.71 x | 1.39 x | 1.59 x | 1.33 x |
| Nbr of stocks (in thousands) | 988,828 | 988,828 | 988,828 | 988,828 | 988,828 | 988,828 |
| Reference price 2 | 3.750 | 4.160 | 4.880 | 3.970 | 4.850 | 4.100 |
| Announcement Date | 4/11/19 | 4/28/20 | 4/27/21 | 4/27/22 | 4/18/23 | 4/16/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 461.9 | 173.9 | 120.2 | 126.8 | 169.2 | 124.2 |
| EBITDA 1 | 183 | 29.5 | -12.94 | -43.18 | -42.07 | -86.19 |
| EBIT 1 | 131.5 | -8.591 | -28.63 | -51.71 | -51.67 | -97.98 |
| Operating Margin | 28.46% | -4.94% | -23.81% | -40.77% | -30.54% | -78.91% |
| Earnings before Tax (EBT) 1 | 210.5 | 86.28 | 139.1 | 97.1 | 309.5 | 108.9 |
| Net income 1 | 166.1 | 62.36 | 92.75 | 51.37 | 250.2 | 90.51 |
| Net margin | 35.96% | 35.86% | 77.14% | 40.51% | 147.89% | 72.89% |
| EPS 2 | 0.1680 | 0.0600 | 0.0900 | 0.0500 | 0.2500 | 0.0920 |
| Free Cash Flow 1 | 273.5 | 18.97 | -143.3 | -103.5 | -130.7 | -404.8 |
| FCF margin | 59.22% | 10.91% | -119.17% | -81.58% | -77.27% | -326.06% |
| FCF Conversion (EBITDA) | 149.46% | 64.32% | - | - | - | - |
| FCF Conversion (Net income) | 164.69% | 30.43% | - | - | - | - |
| Dividend per Share 2 | 0.0500 | - | 0.1000 | 0.0500 | 0.0500 | 0.0500 |
| Announcement Date | 4/11/19 | 4/28/20 | 4/27/21 | 4/27/22 | 4/18/23 | 4/16/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 1,869 | 1,804 | 1,551 | 1,625 | 1,704 | 1,322 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 274 | 19 | -143 | -103 | -131 | -405 |
| ROE (net income / shareholders' equity) | 6.1% | 2.24% | 3.29% | 1.81% | 8.52% | 2.96% |
| ROA (Net income/ Total Assets) | 2.54% | -0.16% | -0.55% | -1.01% | -0.99% | -1.79% |
| Assets 1 | 6,529 | -38,002 | -16,803 | -5,068 | -25,272 | -5,050 |
| Book Value Per Share 2 | 2.810 | 2.820 | 2.860 | 2.860 | 3.060 | 3.090 |
| Cash Flow per Share 2 | 0.3100 | 0.6800 | 1.140 | 1.280 | 1.570 | 1.270 |
| Capex 1 | 2.7 | 2.07 | 2.65 | 7.41 | 134 | 116 |
| Capex / Sales | 0.58% | 1.19% | 2.2% | 5.84% | 78.93% | 93.08% |
| Announcement Date | 4/11/19 | 4/28/20 | 4/27/21 | 4/27/22 | 4/18/23 | 4/16/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +44.88% | 808M | |
| +4.17% | 26.41B | |
| -13.96% | 12.56B | |
| +8.89% | 10.87B | |
| -22.81% | 8.07B | |
| +9.98% | 6.99B | |
| -5.44% | 6.89B | |
| +5.04% | 6.84B | |
| -3.24% | 3.71B | |
| +10.47% | 3.51B |
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- Financials Hainan Expressway Co., Ltd.
