Stock 1278 CHINA NEW TOWN DEVELOPMENT COMPANY LIMITED
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Financials China New Town Development Company Limited

Equities

1278

VGG2156N1006

Real Estate Development & Operations

Market Closed - Hong Kong S.E.
Other stock markets
 04:08:20 2024-04-26 am EDT 		5-day change 1st Jan Change
0.062 HKD +6.90% Intraday chart for China New Town Development Company Limited -1.59% -11.43%
Apr. 25 China New Town to Acquire 30% of Elder Care Services Firm MT
Apr. 25 China New Town Development’s Profit Up in 2023 MT

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 2,511 1,708 1,269 1,474 649.9 549.8
Enterprise Value (EV) 1 2,626 2,625 629.6 466.5 12.04 -674.8
P/E ratio 7.49 x 20.4 x 13.3 x -5.87 x 5.99 x 204 x
Yield 3.74% 3% 3.01% - - -
Capitalization / Revenue 2.12 x 2.85 x 3.06 x 3.76 x 2.38 x 1.8 x
EV / Revenue 2.22 x 4.38 x 1.52 x 1.19 x 0.04 x -2.21 x
EV / EBITDA 4.18 x 897 x 4.87 x 2.16 x 0.11 x -30 x
EV / FCF -19.8 x 40.2 x 1.44 x 7.6 x 0.03 x -115 x
FCF Yield -5.06% 2.49% 69.6% 13.1% 3,844% -0.87%
Price to Book 0.59 x 0.41 x 0.3 x 0.37 x 0.16 x 0.14 x
Nbr of stocks (in thousands) 9,726,246 9,726,246 9,726,246 9,726,246 9,726,246 9,726,246
Reference price 2 0.2582 0.1756 0.1305 0.1515 0.0668 0.0565
Announcement Date 4/25/18 4/29/19 4/28/20 4/23/21 4/13/22 4/27/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 1,183 599.3 414.9 391.6 273 305
EBITDA 1 628.6 2.925 129.3 216.2 112.2 22.47
EBIT 1 626.8 0.795 126.9 214.2 110.2 20.69
Operating Margin 52.98% 0.13% 30.59% 54.69% 40.37% 6.78%
Earnings before Tax (EBT) 1 562.8 -146.1 177.5 -207.1 141.4 56.49
Net income 1 335.6 83.89 95.41 -250.9 108.6 2.702
Net margin 28.37% 14% 22.99% -64.07% 39.77% 0.89%
EPS 2 0.0345 0.008625 0.009809 -0.0258 0.0112 0.000277
Free Cash Flow 1 -132.9 65.24 438.2 61.34 462.8 5.85
FCF margin -11.23% 10.89% 105.61% 15.66% 169.49% 1.92%
FCF Conversion (EBITDA) - 2,230.52% 338.86% 28.37% 412.36% 26.03%
FCF Conversion (Net income) - 77.77% 459.31% - 426.18% 216.49%
Dividend per Share 2 0.009660 0.005269 0.003933 - - -
Announcement Date 4/25/18 4/29/19 4/28/20 4/23/21 4/13/22 4/27/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 115 917 - - - -
Net Cash position 1 - - 639 1,007 638 1,225
Leverage (Debt/EBITDA) 0.1822 x 313.4 x - - - -
Free Cash Flow 1 -133 65.2 438 61.3 463 5.85
ROE (net income / shareholders' equity) 9.44% 2.65% 2.4% -5.47% 2.94% 0.16%
ROA (Net income/ Total Assets) 4.83% 0.01% 0.9% 1.66% 0.98% 0.19%
Assets 1 6,944 1,446,431 10,630 -15,074 11,105 1,386
Book Value Per Share 2 0.4300 0.4300 0.4400 0.4100 0.4200 0.4200
Cash Flow per Share 2 0.1600 0.0700 0.0300 0.0900 0.0400 0.0500
Capex 1 4.63 4.73 0.45 0.34 0.17 0.36
Capex / Sales 0.39% 0.79% 0.11% 0.09% 0.06% 0.12%
Announcement Date 4/25/18 4/29/19 4/28/20 4/23/21 4/13/22 4/27/23
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sector Other Real Estate Development & Operations

1st Jan change Capi.
CHINA NEW TOWN DEVELOPMENT COMPANY LIMITED Stock China New Town Development Company Limited
-11.43% 77.03M
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Other Real Estate Development & Operations
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