NEW CITY DEVELOPMENT GROUP LIMITED Financials New City Development Group Limited
Equities
456
KYG648311119
Real Estate Development & Operations
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.58 HKD | -3.33% |
|
0.00% | -6.45% |
| 03-28 | New City Development Group Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 2023 | Global New Material Arm Luzhai Chesir Pearl Secures 1 Billion Yuan Funding | MT |
Valuation
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,161 | 3,132 | 480.8 | 463 | 281.3 | 139.3 |
| Enterprise Value (EV) 1 | 1,307 | 3,389 | 841.8 | 939.9 | 1,151 | 899.9 |
| P/E ratio | 50 x | 221 x | -443 x | -15.6 x | -4.36 x | -1.83 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 29.7 x | 34.1 x | 9.91 x | 9.89 x | 1.42 x | 0.77 x |
| EV / Revenue | 33.5 x | 36.9 x | 17.4 x | 20.1 x | 5.82 x | 4.99 x |
| EV / EBITDA | 130 x | -155 x | 947 x | -120 x | -32.4 x | -13.1 x |
| EV / FCF | 31 x | -23 x | 310 x | -1.34 x | -3.24 x | 5.37 x |
| FCF Yield | 3.23% | -4.34% | 0.32% | -74.9% | -30.9% | 18.6% |
| Price to Book | 1.75 x | 4.54 x | 0.67 x | 0.6 x | 0.4 x | 0.26 x |
| Nbr of stocks (in thousands) | 66,341 | 69,597 | 72,297 | 86,543 | 86,543 | 86,543 |
| Reference price 2 | 17.50 | 45.00 | 6.650 | 5.350 | 3.250 | 1.610 |
| Announcement Date | 18-04-26 | 19-04-29 | 20-04-28 | 21-04-29 | 22-04-29 | 23-04-28 |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net sales 1 | 39.08 | 91.76 | 48.49 | 46.79 | 197.8 | 180.2 |
| EBITDA 1 | 10.08 | -21.92 | 0.889 | -7.839 | -35.47 | -68.6 |
| EBIT 1 | 9.557 | -27.44 | -5.165 | -16.95 | -45.04 | -80.51 |
| Operating Margin | 24.46% | -29.9% | -10.65% | -36.23% | -22.77% | -44.68% |
| Earnings before Tax (EBT) 1 | 26.1 | 28 | -3.628 | -33.78 | -69.4 | -125.1 |
| Net income 1 | 23.27 | 13.75 | -1.075 | -27.95 | -64.42 | -76.23 |
| Net margin | 59.56% | 14.99% | -2.22% | -59.73% | -32.56% | -42.3% |
| EPS 2 | 0.3500 | 0.2034 | -0.0150 | -0.3422 | -0.7450 | -0.8808 |
| Free Cash Flow 1 | 42.17 | -147.1 | 2.718 | -703.6 | -355 | 167.7 |
| FCF margin | 107.92% | -160.32% | 5.6% | -1,503.7% | -179.48% | 93.08% |
| FCF Conversion (EBITDA) | 418.39% | - | 305.69% | - | - | - |
| FCF Conversion (Net income) | 181.19% | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 18-04-26 | 19-04-29 | 20-04-28 | 21-04-29 | 22-04-29 | 23-04-28 |
1HKD in Million2HKD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 146 | 257 | 361 | 477 | 869 | 761 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 14.5 x | -11.73 x | 406.1 x | -60.83 x | -24.51 x | -11.09 x |
| Free Cash Flow 1 | 42.2 | -147 | 2.72 | -704 | -355 | 168 |
| ROE (net income / shareholders' equity) | 3.63% | 2.03% | -0.52% | -4.41% | -9.1% | -20.3% |
| ROA (Net income/ Total Assets) | 0.57% | -1.45% | -0.23% | -0.61% | -1.33% | -2.37% |
| Assets 1 | 4,061 | -948.5 | 469.8 | 4,606 | 4,826 | 3,220 |
| Book Value Per Share 2 | 10.00 | 9.910 | 9.890 | 8.900 | 8.160 | 6.290 |
| Cash Flow per Share 2 | 0.5400 | 1.040 | 0.1500 | 0.5000 | 0.0700 | 0.1000 |
| Capex 1 | 1 | - | - | - | - | - |
| Capex / Sales | 2.55% | - | - | - | - | - |
| Announcement Date | 18-04-26 | 19-04-29 | 20-04-28 | 21-04-29 | 22-04-29 | 23-04-28 |
1HKD in Million2HKD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -6.45% | 9M | |
| -10.95% | 27.77B | |
| +9.82% | 27.05B | |
| +17.83% | 26.3B | |
| +49.23% | 23.85B | |
| +8.72% | 20.92B | |
| +1.01% | 19.13B | |
| +28.04% | 16.64B | |
| -12.37% | 15.27B | |
| +1.87% | 15.05B |
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