Financials Evergrande Property Services Group Limited

Equities

6666

KYG3224K1022

Real Estate Services

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
0.57 HKD +11.76% Intraday chart for Evergrande Property Services Group Limited +18.75% +17.53%

Valuation

Fiscal Period: December 2020 2021 2022 2023
Capitalization 1 81,345 23,255 20,214 4,766
Enterprise Value (EV) 1 68,738 22,577 19,007 2,469
P/E ratio 28.6 x -71.7 x 14.4 x 3.15 x
Yield - - - -
Capitalization / Revenue 7.74 x 1.76 x 1.71 x 0.38 x
EV / Revenue 6.54 x 1.71 x 1.61 x 0.2 x
EV / EBITDA 20.1 x 69.2 x 8.66 x 1 x
EV / FCF 11.5 x 3.83 x -79.5 x 2.29 x
FCF Yield 8.72% 26.1% -1.26% 43.7%
Price to Book 8.2 x -6.01 x -10.1 x -10.2 x
Nbr of stocks (in thousands) 10,810,811 10,810,811 10,810,811 10,810,811
Reference price 2 7.524 2.151 1.870 0.4408
Announcement Date 4/28/21 6/20/23 6/20/23 4/24/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 5,903 7,333 10,509 13,193 11,809 12,487
EBITDA 1 352.3 1,324 3,415 326.2 2,196 2,457
EBIT 1 336.6 1,303 3,391 133.5 1,978 2,241
Operating Margin 5.7% 17.77% 32.26% 1.01% 16.75% 17.94%
Earnings before Tax (EBT) 1 310.3 1,229 3,499 -218.9 1,937 2,105
Net income 1 239.1 930.2 2,648 -316.3 1,423 1,541
Net margin 4.05% 12.69% 25.2% -2.4% 12.05% 12.34%
EPS - 0.0930 0.2631 -0.0300 0.1300 0.1400
Free Cash Flow 1 46.53 -363.2 5,995 5,893 -239.1 1,079
FCF margin 0.79% -4.95% 57.05% 44.67% -2.02% 8.64%
FCF Conversion (EBITDA) 13.21% - 175.56% 1,806.79% - 43.91%
FCF Conversion (Net income) 19.46% - 226.39% - - 69.99%
Dividend per Share - - - - - -
Announcement Date 9/29/20 9/29/20 4/28/21 6/20/23 6/20/23 4/24/24
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 907 679 12,606 678 1,208 2,297
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 46.5 -363 5,995 5,893 -239 1,079
ROE (net income / shareholders' equity) 35.3% 72.4% 45.2% -12.2% -59% -209%
ROA (Net income/ Total Assets) 4.41% 12.2% 17.3% 0.7% 18% 18.2%
Assets 1 5,423 7,596 15,320 -44,960 7,913 8,471
Book Value Per Share - 0.1800 0.9200 -0.3600 -0.1900 -0.0400
Cash Flow per Share - 0.0700 1.170 0.1000 0.1500 0.1700
Capex 1 37.7 17.1 17.9 17.5 32.8 31
Capex / Sales 0.64% 0.23% 0.17% 0.13% 0.28% 0.25%
Announcement Date 9/29/20 9/29/20 4/28/21 6/20/23 6/20/23 4/24/24
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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