Financials Wanda Hotel Development Company Limited

Equities

169

BMG9430N1039

Hotels, Motels & Cruise Lines

Market Closed - Hong Kong S.E. 04:08:12 2024-06-17 am EDT 5-day change 1st Jan Change
0.235 HKD 0.00% Intraday chart for Wanda Hotel Development Company Limited +1.29% -1.67%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,818 1,785 1,433 1,480 1,409 1,123
Enterprise Value (EV) 1 3,746 3,836 325.1 -269.9 685.7 1,065
P/E ratio 3.68 x -11.9 x 8.68 x 6.15 x 7.29 x 6.8 x
Yield - - - - - -
Capitalization / Revenue 2.76 x 2.2 x 2.19 x 1.69 x 1.73 x 1.14 x
EV / Revenue 3.67 x 4.72 x 0.5 x -0.31 x 0.84 x 1.08 x
EV / EBITDA 7.6 x 11.1 x 1.38 x -0.9 x 2.81 x 3.59 x
EV / FCF 1.29 x -1.4 x 0.07 x 1.37 x -2.32 x -1.84 x
FCF Yield 77.6% -71.4% 1,445% 72.8% -43% -54.4%
Price to Book 1.27 x 0.93 x 0.65 x 0.58 x 0.55 x 0.41 x
Nbr of stocks (in thousands) 4,697,346 4,697,346 4,697,346 4,697,346 4,697,346 4,697,346
Reference price 2 0.6000 0.3800 0.3050 0.3150 0.3000 0.2390
Announcement Date 4/25/19 4/27/20 4/20/21 4/24/22 4/27/23 4/29/24
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,020 812.9 655.4 873.7 816.8 983.1
EBITDA 1 492.9 344.8 235.5 298.6 244.4 296.7
EBIT 1 479.3 329.4 226.5 287.8 228.6 279.9
Operating Margin 47% 40.52% 34.56% 32.95% 27.98% 28.47%
Earnings before Tax (EBT) 1 -84.39 -596.7 135.5 398.4 299 280.3
Net income 1 766.7 -150.4 165.1 240.5 193.2 165.2
Net margin 75.18% -18.5% 25.19% 27.53% 23.66% 16.8%
EPS 2 0.1632 -0.0320 0.0352 0.0512 0.0411 0.0352
Free Cash Flow 1 2,905 -2,738 4,698 -196.4 -295 -579.2
FCF margin 284.89% -336.84% 716.83% -22.48% -36.12% -58.92%
FCF Conversion (EBITDA) 589.4% - 1,995.32% - - -
FCF Conversion (Net income) 378.93% - 2,845.16% - - -
Dividend per Share - - - - - -
Announcement Date 4/25/19 4/27/20 4/20/21 4/24/22 4/27/23 4/29/24
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 928 2,051 - - - -
Net Cash position 1 - - 1,108 1,750 723 57.3
Leverage (Debt/EBITDA) 1.883 x 5.949 x - - - -
Free Cash Flow 1 2,905 -2,738 4,698 -196 -295 -579
ROE (net income / shareholders' equity) -2.03% -17.7% 3.54% 7.8% 6.62% 5.9%
ROA (Net income/ Total Assets) 1.87% 1.88% 1.75% 2.61% 2.29% 3.56%
Assets 1 41,023 -8,009 9,426 9,205 8,433 4,633
Book Value Per Share 2 0.4700 0.4100 0.4700 0.5400 0.5500 0.5800
Cash Flow per Share 2 0.5800 0.5200 0.5100 0.6400 0.2300 0.0700
Capex 1 347 344 238 26.6 8.75 14.9
Capex / Sales 34.05% 42.25% 36.38% 3.05% 1.07% 1.51%
Announcement Date 4/25/19 4/27/20 4/20/21 4/24/22 4/27/23 4/29/24
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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