Financials Kaisa Prosperity Holdings Limited

Equities

2168

KYG522441032

Real Estate Services

Delayed Hong Kong S.E. 11:12:04 2024-05-22 pm EDT 5-day change 1st Jan Change
2.3 HKD -5.74% Intraday chart for Kaisa Prosperity Holdings Limited +16.16% +121.15%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 913.4 2,627 2,476 1,504 556.7 145.7
Enterprise Value (EV) 1 205.9 1,878 1,246 1,172 334.4 -129
P/E ratio 12.9 x 16 x 10.9 x 27.1 x 5.96 x -0.32 x
Yield 2.42% 2.48% 3.59% - - -
Capitalization / Revenue 1.02 x 2.08 x 1.43 x 0.56 x 0.31 x 0.08 x
EV / Revenue 0.23 x 1.49 x 0.72 x 0.44 x 0.19 x -0.07 x
EV / EBITDA 1.74 x 8.84 x 3.51 x 2.85 x 2.29 x 0.32 x
EV / FCF 0.22 x 14.8 x 9.44 x 10.8 x -4.3 x -0.43 x
FCF Yield 465% 6.78% 10.6% 9.29% -23.3% -235%
Price to Book 1.8 x 3.95 x 1.98 x 1.22 x 0.42 x 0.17 x
Nbr of stocks (in thousands) 140,000 140,000 154,000 154,110 154,110 154,110
Reference price 2 6.524 18.77 16.08 9.761 3.612 0.9453
Announcement Date 4/29/19 4/27/20 4/27/21 7/5/22 4/27/23 4/29/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 895.8 1,262 1,730 2,666 1,784 1,794
EBITDA 1 118.2 212.4 354.6 410.7 145.8 -399.3
EBIT 1 115.3 206.7 346.2 398.4 133.4 -410
Operating Margin 12.87% 16.38% 20.01% 14.94% 7.48% -22.85%
Earnings before Tax (EBT) 1 110.6 210.3 312.6 135 138.9 -581.9
Net income 1 54.06 163.9 222 56.81 93.38 -450
Net margin 6.03% 12.99% 12.83% 2.13% 5.23% -25.08%
EPS 2 0.5050 1.170 1.480 0.3600 0.6060 -2.920
Free Cash Flow 1 957.5 127.2 132.1 108.8 -77.76 303.1
FCF margin 106.89% 10.08% 7.63% 4.08% -4.36% 16.89%
FCF Conversion (EBITDA) 810.39% 59.91% 37.24% 26.5% - -
FCF Conversion (Net income) 1,771.36% 77.64% 59.5% 191.58% - -
Dividend per Share 2 0.1581 0.4660 0.5773 - - -
Announcement Date 4/29/19 4/27/20 4/27/21 7/5/22 4/27/23 4/29/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 707 750 1,229 333 222 275
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 958 127 132 109 -77.8 303
ROE (net income / shareholders' equity) 13.2% 28% 23.3% 5.3% 7.94% -37.5%
ROA (Net income/ Total Assets) 6.42% 11% 13.2% 11.9% 3.73% -12.6%
Assets 1 842.2 1,490 1,676 478.6 2,502 3,580
Book Value Per Share 2 3.620 4.750 8.130 8.010 8.660 5.640
Cash Flow per Share 2 5.060 5.390 6.620 2.320 1.600 1.860
Capex 1 3.89 5.55 7.65 7.91 6.88 3.19
Capex / Sales 0.43% 0.44% 0.44% 0.3% 0.39% 0.18%
Announcement Date 4/29/19 4/27/20 4/27/21 7/5/22 4/27/23 4/29/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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