Financials China Overseas Property Holdings Limited

Equities

2669

KYG2118M1096

Real Estate Services

Market Closed - Hong Kong S.E. 04:08:12 2024-06-14 am EDT 5-day change 1st Jan Change
5.37 HKD +2.29% Intraday chart for China Overseas Property Holdings Limited +2.48% -8.36%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 16,106 13,279 27,182 26,722 19,261 17,635 - -
Enterprise Value (EV) 1 13,567 9,573 22,899 22,031 13,867 11,381 9,186 8,011
P/E ratio 30 x 19 x 27.6 x 21 x 13.2 x 10.1 x 8.51 x 7.86 x
Yield 1.02% 1.58% 1.09% 1.48% - 3.09% 3.63% 3.82%
Capitalization / Revenue 2.95 x 2.03 x 2.88 x 2.11 x 1.36 x 1.05 x 0.88 x 0.8 x
EV / Revenue 2.48 x 1.46 x 2.43 x 1.74 x 0.98 x 0.68 x 0.46 x 0.36 x
EV / EBITDA 16.9 x 9.68 x 17.9 x 13.4 x 7.25 x 5.04 x 3.39 x 2.7 x
EV / FCF 66.3 x 8.08 x 35.4 x 20.2 x - 5.39 x 3.96 x 2.92 x
FCF Yield 1.51% 12.4% 2.83% 4.96% - 18.5% 25.2% 34.3%
Price to Book 10.7 x 6.18 x 9.06 x 7.4 x 4.31 x 3.14 x 2.46 x 2.06 x
Nbr of stocks (in thousands) 3,286,860 3,286,860 3,286,860 3,286,860 3,286,860 3,283,960 - -
Reference price 2 4.900 4.040 8.270 8.130 5.860 5.370 5.370 5.370
Announcement Date 3/20/20 3/25/21 3/24/22 3/23/23 3/26/24 - - -
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,466 6,545 9,442 12,689 14,146 16,755 19,984 22,130
EBITDA 1 803.4 988.5 1,280 1,640 1,914 2,260 2,714 2,967
EBIT 1 762.5 938.9 1,213 1,555 1,824 2,276 2,691 2,888
Operating Margin 13.95% 14.34% 12.85% 12.25% 12.89% 13.58% 13.47% 13.05%
Earnings before Tax (EBT) 1 760.5 931.6 1,318 1,678 1,955 2,220 2,773 2,970
Net income 1 537.8 700 983.9 1,273 1,455 1,664 2,081 2,251
Net margin 9.84% 10.7% 10.42% 10.03% 10.29% 9.93% 10.41% 10.17%
EPS 2 0.1636 0.2130 0.2993 0.3873 0.4427 0.5316 0.6307 0.6835
Free Cash Flow 1 204.5 1,185 647 1,092 - 2,110 2,319 2,744
FCF margin 3.74% 18.11% 6.85% 8.6% - 12.59% 11.6% 12.4%
FCF Conversion (EBITDA) 25.45% 119.92% 50.56% 66.57% - 93.38% 85.45% 92.51%
FCF Conversion (Net income) 38.02% 169.35% 65.76% 85.75% - 126.8% 111.42% 121.9%
Dividend per Share 2 0.0500 0.0640 0.0900 0.1200 - 0.1661 0.1948 0.2050
Announcement Date 3/20/20 3/25/21 3/24/22 3/23/23 3/26/24 - - -
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 3,065 2,850 3,695 4,296 5,146 5,814 6,875 7,163 6,382 7,092 10,638 8,593 12,890
EBITDA 395.6 383.3 - 519.4 748.9 - - - - - - - -
EBIT 1 409.3 394 - 489.6 723.3 655.5 899.3 942.7 802.3 934.9 1,402 1,073 1,609
Operating Margin 13.35% 13.82% - 11.4% 14.06% 11.27% 13.08% 13.16% 12.57% 13.18% 13.18% 12.48% 12.48%
Earnings before Tax (EBT) - - - - - - - - - - - - -
Net income 289.4 280 - 393.1 590.8 - - - - - - - -
Net margin 9.44% 9.83% - 9.15% 11.48% - - - - - - - -
EPS 2 - - - - - 0.1587 0.2286 0.2209 0.2032 0.2160 0.3240 0.2480 0.3670
Dividend per Share - - - - - - - - - - - - -
Announcement Date 3/20/20 8/20/20 3/25/21 8/17/21 3/24/22 8/31/22 3/23/23 8/21/23 3/26/24 - - - -
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 2,539 3,706 4,283 4,691 5,394 6,254 8,449 9,624
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 204 1,185 647 1,092 - 2,110 2,319 2,745
ROE (net income / shareholders' equity) 40.8% 38.2% 38.2% 38.5% 36.8% 33.7% 31.4% 28.1%
ROA (Net income/ Total Assets) 13.7% 13.3% 13.6% 13.8% 13.8% 13.9% 13.8% 12.6%
Assets 1 3,932 5,245 7,257 9,220 10,577 11,972 15,066 17,841
Book Value Per Share 2 0.4600 0.6500 0.9100 1.100 1.360 1.710 2.190 2.600
Cash Flow per Share 2 0.0900 0.3700 0.2300 0.3700 - 0.5400 0.6600 0.8600
Capex 1 36 34.7 123 119 - 102 125 218
Capex / Sales 0.66% 0.53% 1.3% 0.94% - 0.61% 0.63% 0.98%
Announcement Date 3/20/20 3/25/21 3/24/22 3/23/23 3/26/24 - - -
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
C
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
21
Last Close Price
5.37 HKD
Average target price
7.088 HKD
Spread / Average Target
+32.00%
Consensus
  1. Stock Market
  2. Equities
  3. 2669 Stock
  4. Financials China Overseas Property Holdings Limited