Financials Longfor Group Holdings Limited

Equities

960

KYG5635P1090

Real Estate Development & Operations

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
11 HKD +12.24% Intraday chart for Longfor Group Holdings Limited +20.88% -12.00%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 122,017 195,163 231,502 181,644 134,810 68,907 68,907 -
Enterprise Value (EV) 1 196,573 300,046 231,502 321,836 270,194 74,891 188,763 201,257
P/E ratio 7.53 x 10.6 x 11.4 x 7.49 x 5.3 x 5.52 x 5.5 x 5.3 x
Yield 4.82% 3.68% - 5.68% 5.27% 6.91% 5.27% 5.76%
Capitalization / Revenue 1.05 x 1.29 x 1.25 x 0.81 x 0.54 x 0.41 x 0.41 x 0.42 x
EV / Revenue 1.7 x 1.99 x 1.25 x 1.44 x 1.08 x 0.41 x 1.12 x 1.22 x
EV / EBITDA 6.31 x 7.43 x 5.52 x 7.9 x 6.54 x 3.72 x 8.96 x 8.73 x
EV / FCF 2.85 x 16.5 x 9.58 x 11.5 x 27.6 x 6.31 x 7.77 x 6.5 x
FCF Yield 35.1% 6.05% 10.4% 8.7% 3.63% 15.8% 12.9% 15.4%
Price to Book 1.49 x 2.03 x 2.14 x 1.41 x 0.95 x 0.42 x 0.42 x 0.39 x
Nbr of stocks (in thousands) 5,938,372 5,983,111 6,058,514 6,074,310 6,281,542 6,767,287 6,767,287 -
Reference price 2 20.55 32.62 38.21 29.90 21.46 10.18 10.18 10.18
Announcement Date 3/25/19 3/24/20 3/26/21 3/25/22 3/17/23 3/22/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 115,798 151,026 184,547 223,375 250,565 180,737 167,798 165,005
EBITDA 1 31,161 40,384 41,960 40,745 41,344 20,121 21,078 23,062
EBIT 1 30,939 40,242 41,702 40,256 40,906 19,819 19,977 21,970
Operating Margin 26.72% 26.65% 22.6% 18.02% 16.33% 10.97% 11.91% 13.31%
Earnings before Tax (EBT) 1 37,483 45,961 46,370 47,627 45,822 24,729 22,442 24,269
Net income 1 16,237 18,337 20,002 23,854 24,362 12,850 12,092 12,952
Net margin 14.02% 12.14% 10.84% 10.68% 9.72% 7.11% 7.21% 7.85%
EPS 2 2.730 3.070 3.340 3.990 4.050 2.060 1.851 1.921
Free Cash Flow 1 68,933 18,148 24,163 28,009 9,807 33,338 24,293 30,946
FCF margin 59.53% 12.02% 13.09% 12.54% 3.91% 16.64% 14.48% 18.75%
FCF Conversion (EBITDA) 221.21% 44.94% 57.59% 68.74% 23.72% 122.43% 115.25% 134.18%
FCF Conversion (Net income) 424.54% 98.97% 120.8% 117.42% 40.26% 207.58% 200.89% 238.93%
Dividend per Share 2 0.9900 1.200 - 1.700 1.130 0.7038 0.5368 0.5860
Announcement Date 3/25/19 3/24/20 3/26/21 3/25/22 3/17/23 3/22/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S1 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 38,570 112,457 51,141 133,406 60,615 162,760 94,805 155,761 62,044 118,692 66,012 113,333 71,418 107,127
EBITDA - - - - - - - - - - - - - -
EBIT 1 - - - - - - - - - 11,208 8,271 11,241 - -
Operating Margin - - - - - - - - - 9.44% 12.53% 9.92% - -
Earnings before Tax (EBT) - - - - - - - - - - - - - -
Net income - - 6,339 - - - - - - - - - - -
Net margin - - 12.39% - - - - - - - - - - -
EPS 2 - - - - - - - - - 0.7520 0.9900 1.180 - -
Dividend per Share 2 0.3600 - 0.4000 - 0.4700 - - - - 0.5180 0.3300 0.3170 - -
Announcement Date 8/26/19 3/24/20 8/26/20 3/26/21 8/25/21 3/25/22 8/26/22 3/17/23 8/18/23 3/22/24 - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 74,556 104,883 - 140,193 135,384 141,610 119,856 132,350
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.393 x 2.597 x - 3.441 x 3.275 x 5.2 x 5.686 x 5.739 x
Free Cash Flow 1 68,933 18,148 24,163 28,009 9,807 33,338 24,293 30,946
ROE (net income / shareholders' equity) 21.3% 20.9% 19.8% 20.4% 16.9% 10.2% 7.54% 7.49%
ROA (Net income/ Total Assets) 3.73% 3.16% 2.82% 2.91% 2.71% 2.1% 1.94% 1.97%
Assets 1 434,827 579,556 708,714 820,391 898,405 764,697 624,717 656,903
Book Value Per Share 2 13.80 16.00 17.90 21.20 22.60 24.30 24.50 25.80
Cash Flow per Share 2 13.10 5.730 6.140 4.770 1.660 1.190 6.230 6.730
Capex 1 8,941 16,128 12,567 523 154 7,852 10,086 9,544
Capex / Sales 7.72% 10.68% 6.81% 0.23% 0.06% 3.92% 6.01% 5.78%
Announcement Date 3/25/19 3/24/20 3/26/21 3/25/22 3/17/23 3/22/24 - -
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

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
26
Last Close Price
10.18 CNY
Average target price
12.78 CNY
Spread / Average Target
+25.56%
Consensus
  1. Stock Market
  2. Equities
  3. 960 Stock
  4. Financials Longfor Group Holdings Limited