Financials Beijing Capital Development Co., Ltd.

Equities

600376

CNE000001782

Real Estate Development & Operations

End-of-day quote Shanghai S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
2.76 CNY +2.99% Intraday chart for Beijing Capital Development Co., Ltd. +13.11% -9.21%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 20,559 15,142 14,600 14,678 7,842 7,120 -
Enterprise Value (EV) 1 118,870 113,477 110,287 112,713 102,697 108,695 108,006
P/E ratio 8.44 x 5.19 x 30.3 x -22 x -1.21 x 12.1 x 11 x
Yield 5.02% 6.81% 1.77% 1.76% - 2.9% 3.62%
Capitalization / Revenue 0.43 x 0.34 x 0.22 x 0.31 x 0.16 x 0.14 x 0.15 x
EV / Revenue 2.49 x 2.57 x 1.63 x 2.35 x 2.15 x 2.13 x 2.33 x
EV / EBITDA 13.9 x 16.4 x 25.1 x 53.4 x -21.9 x 17.8 x 18.3 x
EV / FCF 103,976,955 x - - - - - -
FCF Yield 0% - - - - - -
Price to Book - 0.57 x 0.56 x 0.59 x 0.44 x 0.28 x 0.29 x
Nbr of stocks (in thousands) 2,579,565 2,579,565 2,579,565 2,579,565 2,579,565 2,579,565 -
Reference price 2 7.970 5.870 5.660 5.690 3.040 2.760 2.760
Announcement Date 4/30/20 4/16/21 4/15/22 4/28/23 4/19/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 47,645 44,226 67,802 47,921 47,763 50,954 46,288
EBITDA 1 8,577 6,939 4,399 2,111 -4,697 6,095 5,917
EBIT 1 8,354 6,665 4,075 1,716 -5,167 3,953 5,782
Operating Margin 17.53% 15.07% 6.01% 3.58% -10.82% 7.76% 12.49%
Earnings before Tax (EBT) 1 8,430 6,409 4,091 1,823 -5,216 2,534 2,902
Net income 1 2,758 3,140 692.3 -460.9 -6,339 585.4 680.9
Net margin 5.79% 7.1% 1.02% -0.96% -13.27% 1.15% 1.47%
EPS 2 0.9446 1.131 0.1870 -0.2586 -2.519 0.2284 0.2520
Free Cash Flow 1,143 - - - - - -
FCF margin 2.4% - - - - - -
FCF Conversion (EBITDA) 13.33% - - - - - -
FCF Conversion (Net income) 41.45% - - - - - -
Dividend per Share 2 0.4000 0.4000 0.1000 0.1000 - 0.0800 0.1000
Announcement Date 4/30/20 4/16/21 4/15/22 4/28/23 4/19/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 23,872 - 2,347 4,757 12,282 28,536 3,635 15,766 13,237 15,125 3,459 14,552 7,276 21,828 4,629 13,887
EBITDA - - - - - - - - - - - - - - - -
EBIT 1 1,321 - -303.4 -1,005 1,642 1,383 -961.9 -432.5 -722.7 -3,050 -843.1 1,791 895.6 2,687 578.2 1,735
Operating Margin 5.53% - -12.93% -21.13% 13.37% 4.84% -26.46% -2.74% -5.46% -20.17% -24.37% 12.31% 12.31% 12.31% 12.49% 12.49%
Earnings before Tax (EBT) 1 1,327 - -300.7 -992.8 1,793 1,324 -956.6 -435.1 -721.4 -3,103 -856.4 939.9 469.9 1,410 290.2 870.5
Net income 1 - -156.2 - - - - - - - -3,273 -807 221.9 111 332.9 68.09 204.3
Net margin - - - - - - - - - -21.64% -23.33% 1.53% 1.53% 1.53% 1.47% 1.47%
EPS 2 -0.0200 - -0.1692 -0.4200 0.3100 0.0200 -0.3786 -0.3800 -0.4700 -1.290 -0.3341 0.0860 0.0430 0.1290 0.0264 0.0792
Dividend per Share 2 0.1000 - - - - 0.1000 - - - - - - - 0.1000 - -
Announcement Date 4/15/22 4/15/22 4/29/22 8/28/22 10/28/22 4/28/23 4/28/23 8/25/23 10/27/23 4/19/24 4/29/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 98,311 98,335 95,686 98,035 94,855 101,575 100,886
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) 11.46 x 14.17 x 21.75 x 46.43 x -20.2 x 16.66 x 17.05 x
Free Cash Flow 1,143 - - - - - -
ROE (net income / shareholders' equity) 10.3% 11.4% 1.83% -2.66% -30.5% 2.37% 2.84%
ROA (Net income/ Total Assets) 0.93% 1% - - - 0.2% -
Assets 1 297,513 315,538 - - - 292,693 -
Book Value Per Share 2 - 10.30 10.10 9.620 6.970 10.00 9.370
Cash Flow per Share 2 0.6700 2.170 2.870 1.710 2.200 2.390 -
Capex 1 581 634 558 99.9 246 398 634
Capex / Sales 1.22% 1.43% 0.82% 0.21% 0.51% 0.78% 1.37%
Announcement Date 4/30/20 4/16/21 4/15/22 4/28/23 4/19/24 - -
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
C
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
2.76 CNY
Average target price
4.24 CNY
Spread / Average Target
+53.62%
Consensus
  1. Stock Market
  2. Equities
  3. 600376 Stock
  4. Financials Beijing Capital Development Co., Ltd.