Financials Greenland Hong Kong Holdings Limited

Equities

337

KYG4587S1049

Real Estate Development & Operations

Market Closed - Hong Kong S.E. 04:08:05 2024-05-31 am EDT 5-day change 1st Jan Change
0.33 HKD +8.20% Intraday chart for Greenland Hong Kong Holdings Limited +1.54% +6.45%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 4,644 8,365 5,431 3,385 1,834 780.3
Enterprise Value (EV) 1 19,087 14,196 20,974 16,345 15,088 27,425
P/E ratio 2.75 x 3.38 x 2.08 x 1.57 x 3.81 x -0.45 x
Yield 10.5% 7.4% 12.9% 20% - -
Capitalization / Revenue 0.3 x 0.47 x 0.16 x 0.1 x 0.07 x 0.03 x
EV / Revenue 1.24 x 0.8 x 0.62 x 0.48 x 0.57 x 1.1 x
EV / EBITDA 6.66 x 3.61 x 3.69 x 2.7 x 5.94 x 23.8 x
EV / FCF -12.1 x -1.47 x 7.75 x 2.59 x 16.8 x 14.1 x
FCF Yield -8.23% -68% 12.9% 38.5% 5.97% 7.09%
Price to Book 0.44 x 0.63 x 0.4 x 0.24 x 0.13 x 0.06 x
Nbr of stocks (in thousands) 2,769,188 2,769,188 2,769,188 2,769,188 2,769,188 2,769,188
Reference price 2 1.677 3.021 1.961 1.222 0.6624 0.2818
Announcement Date 4/29/19 4/28/20 4/29/21 4/29/22 4/28/23 4/29/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 15,444 17,662 33,734 33,927 26,614 24,933
EBITDA 1 2,868 3,935 5,688 6,047 2,540 1,151
EBIT 1 2,779 3,849 5,577 5,960 2,483 1,106
Operating Margin 17.99% 21.79% 16.53% 17.57% 9.33% 4.44%
Earnings before Tax (EBT) 1 3,731 5,598 7,100 6,289 2,270 -600.4
Net income 1 1,736 2,520 2,655 2,214 563.2 -1,666
Net margin 11.24% 14.27% 7.87% 6.53% 2.12% -6.68%
EPS 2 0.6100 0.8933 0.9419 0.7783 0.1737 -0.6326
Free Cash Flow 1 -1,571 -9,660 2,708 6,300 900.1 1,944
FCF margin -10.17% -54.7% 8.03% 18.57% 3.38% 7.8%
FCF Conversion (EBITDA) - - 47.61% 104.18% 35.43% 168.87%
FCF Conversion (Net income) - - 102% 284.57% 159.8% -
Dividend per Share 2 0.1756 0.2235 0.2526 0.2444 - -
Announcement Date 4/29/19 4/28/20 4/29/21 4/29/22 4/28/23 4/29/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 14,443 5,832 15,543 12,960 13,254 26,645
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 5.037 x 1.482 x 2.733 x 2.143 x 5.218 x 23.15 x
Free Cash Flow 1 -1,571 -9,660 2,708 6,300 900 1,944
ROE (net income / shareholders' equity) 15.5% 19.9% 15.3% 10.6% 3.33% -8.18%
ROA (Net income/ Total Assets) 2.18% 2.54% 2.14% 2.23% 0.97% 0.5%
Assets 1 79,479 99,271 123,775 99,173 57,787 -334,712
Book Value Per Share 2 3.780 4.780 4.850 5.110 5.060 4.440
Cash Flow per Share 2 1.470 2.730 3.470 2.680 1.090 0.6200
Capex 1 71.2 32.2 59.4 146 1,151 296
Capex / Sales 0.46% 0.18% 0.18% 0.43% 4.32% 1.19%
Announcement Date 4/29/19 4/28/20 4/29/21 4/29/22 4/28/23 4/29/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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