Financials DaFa Properties Group Limited

Equities

6111

KYG261681079

Real Estate Development & Operations

Market Closed - Hong Kong S.E. 04:08:27 2023-03-31 am EDT 5-day change 1st Jan Change
0.093 HKD -10.58% Intraday chart for DaFa Properties Group Limited -.--% -.--%

Valuation

Fiscal Period: December 2018 2019 2020 2021
Capitalization 1 3,199 4,084 4,926 3,094
Enterprise Value (EV) 1 7,336 10,001 13,016 11,223
P/E ratio 5.26 x 7.92 x 14.5 x -6.44 x
Yield 3.75% 2.94% 1.38% 1.28%
Capitalization / Revenue 0.54 x 0.55 x 0.54 x 0.52 x
EV / Revenue 1.23 x 1.35 x 1.42 x 1.9 x
EV / EBITDA 7.01 x 9.5 x 10.9 x 74.8 x
EV / FCF 11.2 x -6.17 x -2.89 x -6.71 x
FCF Yield 8.96% -16.2% -34.6% -14.9%
Price to Book 1.04 x 1.19 x 1.35 x 0.99 x
Nbr of stocks (in thousands) 827,880 827,880 827,880 825,587
Reference price 2 3.864 4.933 5.950 3.748
Announcement Date 4/29/19 4/24/20 4/20/21 4/28/22
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2016 2017 2018 2019 2020 2021
Net sales 1 704.6 4,570 5,946 7,398 9,188 5,911
EBITDA 1 -46.31 441.4 1,047 1,052 1,195 150
EBIT 1 -57.08 429.1 1,030 1,034 1,179 136.4
Operating Margin -8.1% 9.39% 17.32% 13.98% 12.83% 2.31%
Earnings before Tax (EBT) 1 85.1 335.5 989.4 951.2 1,250 -188.6
Net income 1 24.72 137.5 476.8 515.8 338.9 -480.4
Net margin 3.51% 3.01% 8.02% 6.97% 3.69% -8.13%
EPS - 0.4583 0.7339 0.6231 0.4093 -0.5819
Free Cash Flow 1 1,111 -2,302 657.2 -1,622 -4,504 -1,672
FCF margin 157.61% -50.37% 11.05% -21.92% -49.02% -28.29%
FCF Conversion (EBITDA) - - 62.76% - - -
FCF Conversion (Net income) 4,492.14% - 137.84% - - -
Dividend per Share - - 0.1450 0.1450 0.0820 0.0480
Announcement Date 9/27/18 9/27/18 4/29/19 4/24/20 4/20/21 4/28/22
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2016 2017 2018 2019 2020 2021
Net Debt 1 2,802 5,370 4,137 5,917 8,089 8,129
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) -60.5 x 12.17 x 3.951 x 5.623 x 6.767 x 54.18 x
Free Cash Flow 1 1,111 -2,302 657 -1,622 -4,504 -1,672
ROE (net income / shareholders' equity) 1.11% 7.28% 18.7% 13.5% 9.9% -4.93%
ROA (Net income/ Total Assets) -0.32% 1.92% 3.73% 2.75% 2.35% 0.22%
Assets 1 -7,628 7,144 12,789 18,737 14,439 -214,656
Book Value Per Share - 6.630 3.720 4.130 4.420 3.780
Cash Flow per Share - 1.260 1.800 3.400 4.700 4.670
Capex 1 51.7 26.4 48.2 20.8 6.49 11.7
Capex / Sales 7.34% 0.58% 0.81% 0.28% 0.07% 0.2%
Announcement Date 9/27/18 9/27/18 4/29/19 4/24/20 4/20/21 4/28/22
1CNY in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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