Financials Greentown Management Holdings Company Limited

Equities

9979

KYG4102M1033

Construction & Engineering

Market Closed - Hong Kong S.E. 04:08:28 2024-05-24 am EDT 5-day change 1st Jan Change
6.97 HKD -3.46% Intraday chart for Greentown Management Holdings Company Limited -7.68% +29.80%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,488 8,519 10,651 9,810 12,987 - -
Enterprise Value (EV) 1 5,488 6,322 8,565 9,810 10,586 10,019 9,572
P/E ratio 12.5 x 15 x 13.9 x 9.96 x 10.4 x 8.38 x 6.88 x
Yield 6.07% 4.6% 5.66% - 7.53% 9.15% 11.6%
Capitalization / Revenue 3.03 x 3.8 x 4.01 x 2.97 x 3.17 x 2.58 x 2.13 x
EV / Revenue 3.03 x 2.82 x 3.22 x 2.97 x 2.59 x 1.99 x 1.57 x
EV / EBITDA 11.1 x 9.02 x 9.09 x 8.01 x 7.08 x 5.43 x 4.31 x
EV / FCF 6.17 x -215 x - - 8.19 x 5.85 x 4.66 x
FCF Yield 16.2% -0.47% - - 12.2% 17.1% 21.4%
Price to Book 1.78 x 2.55 x 2.85 x - 3.02 x 2.73 x 2.51 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 6.461 6.461 6.461
Announcement Date 3/22/21 3/22/22 3/17/23 3/21/24 - - -
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 4,093 5,036 6,096
EBITDA 1 - 493.8 701.1 942.4 1,224 1,495 1,844 2,219
EBIT 1 - 470.2 676.1 873.5 1,140 1,417 1,760 2,140
Operating Margin - 25.94% 30.14% 32.89% 34.51% 34.62% 34.94% 35.1%
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% 30.23% 30.66% 30.86%
EPS 2 0.2300 0.2244 0.2900 0.3800 0.4900 0.6185 0.7709 0.9387
Free Cash Flow 1 - 889.2 -29.41 - - 1,293 1,712 2,052
FCF margin - 49.05% -1.31% - - 31.59% 33.99% 33.67%
FCF Conversion (EBITDA) - 180.07% - - - 86.48% 92.84% 92.51%
FCF Conversion (Net income) - 202.4% - - - 104.5% 110.86% 109.12%
Dividend per Share 2 - 0.1700 0.2000 0.3000 - 0.4866 0.5910 0.7471
Announcement Date 6/28/20 3/22/21 3/22/22 3/17/23 3/21/24 - - -
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 7/27/22
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 - 2,401 2,968 3,415
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - 889 -29.4 - - 1,293 1,712 2,053
ROE (net income / shareholders' equity) - 18.8% 17.6% 21% - 29.2% 33% 35.8%
ROA (Net income/ Total Assets) - 10.3% 11.3% 13.1% - 16.5% 17.8% 18.1%
Assets 1 - 4,254 4,996 5,703 - 7,478 8,654 10,395
Book Value Per Share 2 - 1.570 1.710 1.860 - 2.140 2.360 2.580
Cash Flow per Share 2 - 0.5400 0.2900 0.3700 - 0.6400 0.7900 1.080
Capex 1 - 14.1 20.7 27.6 - 30 44.5 55.7
Capex / Sales - 0.78% 0.92% 1.04% - 0.73% 0.88% 0.91%
Announcement Date 6/28/20 3/22/21 3/22/22 3/17/23 3/21/24 - - -
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
13
Last Close Price
6.461 CNY
Average target price
7.763 CNY
Spread / Average Target
+20.15%
Consensus

Annual profits - Rate of surprise

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