Financials Changsha Broad Homes Industrial Group Co., Ltd.

Equities

Market Closed - Hong Kong S.E. Other stock markets 04:08:22 2024-04-29 am EDT			5-day change	1st Jan Change
2.26 ^HKD	+5.61%		+5.12%	-17.82%

Mar. 29	Changsha Broad Homes Industrial Narrows 2023 Loss	MT
Mar. 28	Changsha Broad Homes Industrial Group Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	3,787	7,790	4,760	3,359	1,219	966	-	-
Enterprise Value (EV) ¹	3,787	10,016	7,306	3,359	1,219	966	966	966
P/E ratio	4.41 x	36.3 x	139 x	-4.1 x	-3.09 x	-9.13 x	53.5 x	5.04 x
Yield	6.44%	3.13%	-	-	-	-	-	3.96%
Capitalization / Revenue	1.12 x	2.98 x	1.56 x	1.5 x	0.55 x	0.37 x	0.3 x	0.25 x
EV / Revenue	1.12 x	2.98 x	1.56 x	1.5 x	0.55 x	0.37 x	0.3 x	0.25 x
EV / EBITDA	4,984,552 x	13,771,912 x	11,805,830 x	-	-	-	-	-
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	0.91 x	1.88 x	1.15 x	1.02 x	0.41 x	0.34 x	0.34 x	0.32 x
Nbr of stocks (in thousands)	487,639	487,639	487,639	487,639	487,639	487,639	-	-
Reference price ²	7.766	15.97	9.761	6.889	2.499	1.981	1.981	1.981
Announcement Date	3/26/20	2/26/21	3/30/22	3/31/23	3/28/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	3,369	2,614	3,059	2,232	2,201	2,621	3,175	3,875
EBITDA	759.7	565.6	403.2	-	-	-	-	-
EBIT	600.6	336	157.6	-317.3	-85.54	-	-	-
Operating Margin	17.83%	12.85%	5.15%	-14.22%	-3.89%	-	-	-
Earnings before Tax (EBT) ¹	733.7	265.4	32.93	-832.9	-409	-111	15	193
Net income ¹	676.9	216.4	32.43	-808.1	-389.1	-104	17	187
Net margin	20.09%	8.28%	1.06%	-36.2%	-17.68%	-3.97%	0.54%	4.83%
EPS ²	1.760	0.4400	0.0700	-1.680	-0.8100	-0.2170	0.0370	0.3930
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.5000	0.5000	-	-	-	-	-	0.0785
Announcement Date	3/26/20	2/26/21	3/30/22	3/31/23	3/28/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	2,226	2,546	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	3.935 x	6.314 x	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	19.2%	5.2%	0.8%	-21.3%	-11.9%	-3.7%	0.6%	6.5%
ROA (Net income/ Total Assets)	8.01%	2.3%	-	-8.4%	-	-1.2%	0.2%	2%
Assets ¹	8,447	9,410	-	9,620	-	8,667	8,500	9,350
Book Value Per Share ²	8.540	8.490	8.510	6.720	6.040	5.830	5.860	6.260
Cash Flow per Share	2.520	0.3700	1.660	-	-	-	-	-
Capex ¹	970	502	631	370	-	356	356	356
Capex / Sales	28.79%	19.19%	20.62%	16.57%	-	13.58%	11.21%	9.19%
Announcement Date	3/26/20	2/26/21	3/30/22	3/31/23	3/28/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.981 CNY

Average target price

2.681 CNY

Spread / Average Target

+35.34%

	1st Jan change	Capi.
CHANGSHA BROAD HOMES INDUSTRIAL GROUP CO., LTD.	-17.82%	133M
MARTIN MARIETTA MATERIALS, INC.	+21.26%	37.34B
VULCAN MATERIALS COMPANY	+15.08%	34.54B
ULTRATECH CEMENT LIMITED	-5.13%	33.53B
GRASIM INDUSTRIES LIMITED	+11.80%	19.06B
AMBUJA CEMENTS	+20.89%	18.67B
HEIDELBERG MATERIALS AG	+18.24%	18.51B
CEMEX, S.A.B. DE C.V.	+6.96%	11.93B
SUMMIT MATERIALS, INC.	+4.00%	7.02B
KNIFE RIVER CORPORATION	+18.24%	4.43B