Financials Shanghai Zendai Property Limited

Equities

755

BMG8064K1045

Real Estate Development & Operations

Market Closed - Hong Kong S.E. 04:09:05 2024-06-07 am EDT 5-day change 1st Jan Change
0.015 HKD +7.14% Intraday chart for Shanghai Zendai Property Limited -6.25% +36.36%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,905 669.6 669.6 476.1 252.9 163.7
Enterprise Value (EV) 1 8,572 8,258 7,661 7,323 2,427 1,857
P/E ratio -2.1 x -0.63 x -0.58 x -0.23 x 0.09 x 1.83 x
Yield - - - - - -
Capitalization / Revenue 0.27 x 0.5 x 0.15 x 0.64 x 0.64 x 0.43 x
EV / Revenue 1.2 x 6.12 x 1.67 x 9.88 x 6.12 x 4.89 x
EV / EBITDA 27.8 x -50 x 31.6 x -13.9 x -22.8 x 13.9 x
EV / FCF 2.67 x -385 x 2.07 x 5.88 x -2.03 x -8.96 x
FCF Yield 37.5% -0.26% 48.2% 17% -49.1% -11.2%
Price to Book 0.7 x 0.42 x 9.4 x -0.24 x 0.26 x 0.15 x
Nbr of stocks (in thousands) 14,879,352 14,879,352 14,879,352 14,879,352 14,879,352 14,879,352
Reference price 2 0.1280 0.0450 0.0450 0.0320 0.0170 0.0110
Announcement Date 4/30/19 4/23/20 5/14/21 4/28/22 4/28/23 4/28/24
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 7,172 1,349 4,599 741 396.6 380.1
EBITDA 1 308.4 -165.1 242.7 -525.2 -106.3 134
EBIT 1 274.4 -195.1 208.5 -568.9 -131.9 112
Operating Margin 3.83% -14.47% 4.53% -76.77% -33.25% 29.48%
Earnings before Tax (EBT) 1 -658.5 -1,082 -809.6 -2,163 2,794 -51.93
Net income 1 -905.5 -1,058 -1,151 -2,070 2,884 89.5
Net margin -12.63% -78.45% -25.02% -279.41% 727.04% 23.55%
EPS 2 -0.0609 -0.0711 -0.0773 -0.1391 0.1938 0.006000
Free Cash Flow 1 3,214 -21.44 3,695 1,245 -1,193 -207.3
FCF margin 44.82% -1.59% 80.35% 168.06% -300.67% -54.53%
FCF Conversion (EBITDA) 1,042.42% - 1,522.73% - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 4/30/19 4/23/20 5/14/21 4/28/22 4/28/23 4/28/24
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 6,667 7,588 6,991 6,847 2,174 1,694
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 21.62 x -45.97 x 28.81 x -13.04 x -20.44 x 12.64 x
Free Cash Flow 1 3,214 -21.4 3,695 1,245 -1,193 -207
ROE (net income / shareholders' equity) -29.2% -47.6% -117% 280% -955% 2.15%
ROA (Net income/ Total Assets) 0.8% -0.67% 0.79% -2.52% -0.82% 1.23%
Assets 1 -113,073 158,887 -145,135 82,254 -351,018 7,297
Book Value Per Share 2 0.1800 0.1100 0 -0.1400 0.0700 0.0800
Cash Flow per Share 2 0.0600 0.0300 0.0200 0.0200 0.0100 0.0100
Capex 1 11.5 3.71 39.5 15.7 15.8 2.69
Capex / Sales 0.16% 0.28% 0.86% 2.12% 3.99% 0.71%
Announcement Date 4/30/19 4/23/20 5/14/21 4/28/22 4/28/23 4/28/24
1HKD in Million2HKD
Estimates
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