Financials E-Star Commercial Management Company Limited

Equities

6668

KYG3170A1085

Real Estate Services

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
1.25 HKD 0.00% Intraday chart for E-Star Commercial Management Company Limited +0.81% +1.63%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025
Capitalization 1 3,117 1,908 1,174 1,174 -
Enterprise Value (EV) 1 3,117 1,908 1,135 469.9 316.9
P/E ratio 16.6 x - 6.81 x 6.09 x 5.46 x
Yield 2.73% - 8.64% 10.6% 11%
Capitalization / Revenue 5.45 x 3.4 x 1.79 x 1.66 x 1.49 x
EV / Revenue 5.45 x 3.4 x 1.79 x 0.66 x 0.4 x
EV / EBITDA 11.8 x 7.37 x 1.41 x 1.39 x 0.85 x
EV / FCF - - - - -
FCF Yield - - - - -
Price to Book - - 0.93 x 0.88 x 0.85 x
Nbr of stocks (in thousands) 1,020,039 1,018,974 1,014,516 1,014,516 -
Reference price 2 3.056 1.872 1.157 1.157 1.157
Announcement Date 3/30/22 3/30/23 3/20/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 - 442 572.2 561.9 635 708.9 790.3
EBITDA 1 - - 263.6 259 359 338.5 372
EBIT 1 - 195 256.3 253.1 267 309 348
Operating Margin - 44.11% 44.79% 45.05% 42.38% 43.59% 44.03%
Earnings before Tax (EBT) 1 - - 252.4 - 239 263 293
Net income 1 95.6 - 184.9 - 176 193 215
Net margin - - 32.32% - 27.94% 27.22% 27.21%
EPS 2 0.1254 - 0.1846 - 0.1700 0.1900 0.2120
Free Cash Flow - - - - - - -
FCF margin - - - - - - -
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 - 0.0380 0.0836 - 0.1000 0.1230 0.1270
Announcement Date 1/14/21 3/30/21 3/30/22 3/30/23 3/20/24 - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - - - - -
Net Cash position 1 - - - - 666 704 857
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow - - - - - - -
ROE (net income / shareholders' equity) - 132% 28.9% 13.6% 14.3% 13.9% 14%
ROA (Net income/ Total Assets) - 34.4% 19.7% 8.63% 8% 7.84% 8.06%
Assets 1 - - 936.8 - 2,200 2,463 2,669
Book Value Per Share 2 - - - - 1.250 1.310 1.360
Cash Flow per Share - - - - - - -
Capex 1 - 1.86 0.67 - 2 3 4
Capex / Sales - 0.42% 0.12% - 0.32% 0.42% 0.51%
Announcement Date 1/14/21 3/30/21 3/30/22 3/30/23 3/20/24 - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
1.157 CNY
Average target price
1.941 CNY
Spread / Average Target
+67.75%
Consensus

Annual profits - Rate of surprise

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