FINANCIAL STREET HOLDINGS CO., LTD. Financials Financial Street Holdings Co., Ltd.
Equities
000402
CNE000000KT5
Real Estate Development & Operations
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.84 CNY | +4.03% |
|
+2.53% | -21.76% |
| Apr. 25 | British commodities platform Marex prices US IPO at $1.35 bln valuation | RE |
| Apr. 22 | Financial Street Property Reports Higher Profit, Revenue in 2023 | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 24,270 | 19,279 | 16,917 | 15,692 | 10,850 | 8,489 | - | - |
| Enterprise Value (EV) 1 | 97,894 | 87,908 | 79,243 | 77,361 | 69,273 | 62,751 | 62,279 | 8,489 |
| P/E ratio | 7.06 x | 7.68 x | 10.3 x | 18.8 x | -5.58 x | -4.98 x | 25.4 x | 10.9 x |
| Yield | 3.69% | 4.65% | 5.3% | 0.29% | - | 0.44% | 0.53% | - |
| Capitalization / Revenue | 0.93 x | 1.06 x | 0.7 x | 0.77 x | 0.86 x | 0.62 x | 0.52 x | 0.53 x |
| EV / Revenue | 3.74 x | 4.85 x | 3.28 x | 3.77 x | 5.51 x | 4.6 x | 3.8 x | 0.53 x |
| EV / EBITDA | 16.6 x | 25.2 x | 28.2 x | 71.6 x | -28.4 x | -45.4 x | 43.6 x | 4.51 x |
| EV / FCF | 38,156,459 x | 8,936,102 x | - | - | - | - | - | - |
| FCF Yield | 0% | 0% | - | - | - | - | - | - |
| Price to Book | 0.7 x | 0.53 x | 0.46 x | 0.41 x | 0.3 x | 0.25 x | 0.24 x | 0.25 x |
| Nbr of stocks (in thousands) | 2,988,930 | 2,988,930 | 2,988,930 | 2,988,930 | 2,988,930 | 2,988,930 | - | - |
| Reference price 2 | 8.120 | 6.450 | 5.660 | 5.250 | 3.630 | 2.840 | 2.840 | 2.840 |
| Announcement Date | 4/14/20 | 3/30/21 | 3/30/22 | 4/28/23 | 4/11/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 26,184 | 18,121 | 24,155 | 20,506 | 12,571 | 13,646 | 16,389 | 15,890 |
| EBITDA 1 | 5,890 | 3,490 | 2,811 | 1,081 | -2,441 | -1,381 | 1,429 | 1,883 |
| EBIT 1 | 5,756 | 3,356 | 2,673 | 959 | -2,558 | -2,289 | 908.7 | 1,054 |
| Operating Margin | 21.98% | 18.52% | 11.07% | 4.68% | -20.35% | -16.77% | 5.54% | 6.63% |
| Earnings before Tax (EBT) 1 | 5,717 | 3,461 | 2,699 | 1,087 | -2,577 | -2,245 | 447.8 | 1,079 |
| Net income 1 | 3,442 | 2,498 | 1,643 | 846.4 | -1,946 | -1,697 | 398.1 | 776.7 |
| Net margin | 13.14% | 13.79% | 6.8% | 4.13% | -15.48% | -12.44% | 2.43% | 4.89% |
| EPS 2 | 1.150 | 0.8400 | 0.5500 | 0.2800 | -0.6500 | -0.5700 | 0.1120 | 0.2600 |
| Free Cash Flow | 2,566 | 9,837 | - | - | - | - | - | - |
| FCF margin | 9.8% | 54.29% | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | 43.56% | 281.85% | - | - | - | - | - | - |
| FCF Conversion (Net income) | 74.54% | 393.74% | - | - | - | - | - | - |
| Dividend per Share 2 | 0.3000 | 0.3000 | 0.3000 | 0.0150 | - | 0.0125 | 0.0150 | - |
| Announcement Date | 4/14/20 | 3/30/21 | 3/30/22 | 4/28/23 | 4/11/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 4,193 | 14,489 | 4,700 | 5,904 | 4,906 | 4,996 | 2,835 | 2,780 | 2,585 | 4,370 | 2,189 | 6,568 | 3,284 | 9,852 | 1,811 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | 686.7 | 961.6 | 1,268 | 226.8 | 246.1 | -781.4 | -245.5 | -654.4 | -781.7 | -876.1 | 179 | 537 | 268.5 | 805.6 | 259.5 |
| Operating Margin | - | 16.38% | 6.64% | 26.97% | 3.84% | 5.02% | -15.64% | -8.66% | -23.54% | -30.24% | -20.05% | 8.18% | 8.18% | 8.18% | 8.18% | 14.33% |
| Earnings before Tax (EBT) 1 | - | 696.6 | 966.7 | 1,280 | 311.6 | 261 | -766 | -244 | -650.6 | -773.2 | -909.7 | 61.09 | 183.3 | 91.64 | 274.9 | 162.2 |
| Net income 1 | 251.3 | 510.2 | 528.5 | 934.5 | 214.3 | 231.1 | -533.5 | -211.1 | -517.4 | -609.9 | -607.1 | 50.18 | 150.5 | 75.27 | 225.8 | 133.3 |
| Net margin | - | 12.17% | 3.65% | 19.88% | 3.63% | 4.71% | -10.68% | -7.45% | -18.61% | -23.59% | -13.89% | 2.29% | 2.29% | 2.29% | 2.29% | 7.36% |
| EPS 2 | - | 0.1700 | 0.1800 | 0.3100 | 0.0700 | 0.0800 | -0.1800 | -0.0700 | -0.1700 | -0.2100 | -0.2000 | 0.0168 | 0.0504 | 0.0252 | 0.0756 | 0.0446 |
| Dividend per Share 2 | - | - | 0.3000 | - | - | - | 0.0150 | - | - | - | - | - | - | - | 0.0150 | - |
| Announcement Date | 8/28/20 | 10/29/21 | 3/30/22 | 4/27/22 | 8/19/22 | 10/27/22 | 4/28/23 | 4/28/23 | 8/30/23 | 10/30/23 | 4/11/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 73,624 | 68,629 | 62,325 | 61,669 | 58,424 | 54,262 | 53,790 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 12.5 x | 19.66 x | 22.18 x | 57.05 x | -23.93 x | -39.29 x | 37.65 x | - |
| Free Cash Flow | 2,566 | 9,837 | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 10.3% | 7.02% | 4.48% | 2.26% | -5.27% | -4.92% | 0.98% | 2.24% |
| ROA (Net income/ Total Assets) | 2.22% | 1.51% | 0.98% | - | - | 0.3% | - | - |
| Assets 1 | 155,259 | 165,569 | 167,003 | - | - | -565,667 | - | - |
| Book Value Per Share 2 | 11.60 | 12.20 | 12.40 | 12.70 | 12.00 | 11.50 | 12.00 | 11.50 |
| Cash Flow per Share 2 | 0.8900 | 3.310 | 1.300 | 1.880 | 2.030 | 2.270 | 0.9100 | 2.000 |
| Capex 1 | 94.7 | 52.5 | 27.1 | 105 | 56.2 | 687 | 459 | 731 |
| Capex / Sales | 0.36% | 0.29% | 0.11% | 0.51% | 0.45% | 5.04% | 2.8% | 4.6% |
| Announcement Date | 4/14/20 | 3/30/21 | 3/30/22 | 4/28/23 | 4/11/24 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
2.84
CNY
Average target price
4.257
CNY
Spread / Average Target
+49.88%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -21.76% | 1.17B | |
| -9.36% | 22.5B | |
| +9.02% | 10.79B | |
| -34.32% | 10.32B | |
| -28.99% | 7.2B | |
| -5.56% | 7.01B | |
| -0.34% | 6.53B | |
| -3.03% | 6.09B | |
| +12.96% | 3.57B | |
| -5.92% | 3.54B |
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- Financials Financial Street Holdings Co., Ltd.
