CHEN XING DEVELOPMENT HOLDINGS LIMITED Financials Chen Xing Development Holdings Limited
Equities
2286
KYG2087W1042
Real Estate Development & Operations
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.295 HKD | 0.00% |
|
-15.71% | -13.24% |
| Mar. 27 | Chen Xing Development Holdings Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Mar. 08 | Chen Xing Development to Swing to Loss | MT |
Valuation
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 749.6 | 676.1 | 1,292 | 742.3 | 733.3 | 423.9 |
| Enterprise Value (EV) 1 | 739.5 | -397.9 | 2,654 | 2,418 | 3,163 | 3,074 |
| P/E ratio | 4.4 x | 5.41 x | 11.9 x | 3.59 x | 9.32 x | 40.6 x |
| Yield | 11.1% | - | - | - | - | - |
| Capitalization / Revenue | 0.7 x | 0.64 x | 0.99 x | 0.61 x | 0.47 x | 0.35 x |
| EV / Revenue | 0.69 x | -0.37 x | 2.03 x | 2 x | 2.02 x | 2.57 x |
| EV / EBITDA | 2.58 x | -1.8 x | 13.6 x | 6.79 x | 9.08 x | 11.9 x |
| EV / FCF | 1.41 x | -1.16 x | -1.16 x | -3.24 x | -3.98 x | 24.7 x |
| FCF Yield | 70.7% | -86.5% | -86% | -30.8% | -25.1% | 4.05% |
| Price to Book | 0.74 x | 0.63 x | 1.04 x | 0.51 x | 0.48 x | 0.28 x |
| Nbr of stocks (in thousands) | 500,000 | 500,000 | 600,000 | 600,000 | 600,000 | 600,000 |
| Reference price 2 | 1.499 | 1.352 | 2.154 | 1.237 | 1.222 | 0.7065 |
| Announcement Date | 4/27/18 | 4/29/19 | 4/23/20 | 4/27/21 | 4/28/22 | 4/28/23 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,077 | 1,065 | 1,307 | 1,208 | 1,569 | 1,196 |
| EBITDA 1 | 286.3 | 221 | 195.1 | 356.1 | 348.3 | 259.4 |
| EBIT 1 | 277.2 | 211.6 | 184.8 | 345.1 | 336.4 | 249 |
| Operating Margin | 25.74% | 19.87% | 14.14% | 28.58% | 21.44% | 20.82% |
| Earnings before Tax (EBT) 1 | 296 | 226.7 | 203.7 | 413.4 | 286.2 | 110.6 |
| Net income 1 | 170.5 | 124.9 | 106 | 206.7 | 78.72 | 10.44 |
| Net margin | 15.84% | 11.73% | 8.11% | 17.12% | 5.02% | 0.87% |
| EPS 2 | 0.3410 | 0.2498 | 0.1814 | 0.3446 | 0.1312 | 0.0174 |
| Free Cash Flow 1 | 522.9 | 344.1 | -2,282 | -745.4 | -794.2 | 124.4 |
| FCF margin | 48.56% | 32.32% | -174.56% | -61.73% | -50.63% | 10.4% |
| FCF Conversion (EBITDA) | 182.64% | 155.71% | - | - | - | 47.96% |
| FCF Conversion (Net income) | 306.63% | 275.49% | - | - | - | 1,191.11% |
| Dividend per Share 2 | 0.1666 | - | - | - | - | - |
| Announcement Date | 4/27/18 | 4/29/19 | 4/23/20 | 4/27/21 | 4/28/22 | 4/28/23 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 1,362 | 1,676 | 2,430 | 2,650 |
| Net Cash position 1 | 10.1 | 1,074 | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | 6.981 x | 4.706 x | 6.977 x | 10.22 x |
| Free Cash Flow 1 | 523 | 344 | -2,282 | -745 | -794 | 124 |
| ROE (net income / shareholders' equity) | 16.6% | 11.4% | 8.94% | 15.8% | 6.83% | 2.93% |
| ROA (Net income/ Total Assets) | 2.6% | 1.66% | 1.08% | 1.72% | 1.66% | 1.23% |
| Assets 1 | 6,562 | 7,542 | 9,841 | 12,042 | 4,736 | 849.1 |
| Book Value Per Share 2 | 2.040 | 2.160 | 2.080 | 2.420 | 2.530 | 2.550 |
| Cash Flow per Share 2 | 0.5700 | 2.890 | 1.850 | 0.8900 | 0.4000 | 0.5600 |
| Capex 1 | 11.1 | 14.8 | 7.55 | 15.2 | 1.81 | 0.1 |
| Capex / Sales | 1.03% | 1.39% | 0.58% | 1.26% | 0.12% | 0.01% |
| Announcement Date | 4/27/18 | 4/29/19 | 4/23/20 | 4/27/21 | 4/28/22 | 4/28/23 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -13.24% | 22.61M | |
| +36.16% | 27.94B | |
| -13.74% | 26.97B | |
| +25.00% | 26.95B | |
| -0.71% | 25.32B | |
| +44.49% | 22.58B | |
| +2.78% | 19.59B | |
| +1.45% | 19.52B | |
| +28.54% | 16.23B | |
| -14.80% | 14.98B |
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