Financials Greenland Hong Kong Holdings Limited

Equities

337

KYG4587S1049

Real Estate Development & Operations

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
0.204 HKD +6.25% Intraday chart for Greenland Hong Kong Holdings Limited +7.37% -34.19%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 7,175 4,644 8,365 5,431 3,385 1,834
Enterprise Value (EV) 1 19,361 19,087 14,196 20,974 16,345 15,088
P/E ratio 5.64 x 2.75 x 3.38 x 2.08 x 1.57 x 3.81 x
Yield 4.82% 10.5% 7.4% 12.9% 20% -
Capitalization / Revenue 0.49 x 0.3 x 0.47 x 0.16 x 0.1 x 0.07 x
EV / Revenue 1.32 x 1.24 x 0.8 x 0.62 x 0.48 x 0.57 x
EV / EBITDA 7.26 x 6.66 x 3.61 x 3.69 x 2.7 x 5.94 x
EV / FCF 12 x -12.1 x -1.47 x 7.75 x 2.59 x 16.8 x
FCF Yield 8.32% -8.23% -68% 12.9% 38.5% 5.97%
Price to Book 0.79 x 0.44 x 0.63 x 0.4 x 0.24 x 0.13 x
Nbr of stocks (in thousands) 2,770,002 2,769,188 2,769,188 2,769,188 2,769,188 2,769,188
Reference price 2 2.590 1.677 3.021 1.961 1.222 0.6624
Announcement Date 4/19/18 4/29/19 4/28/20 4/29/21 4/29/22 4/28/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 14,619 15,444 17,662 33,734 33,927 26,614
EBITDA 1 2,668 2,868 3,935 5,688 6,047 2,540
EBIT 1 2,571 2,779 3,849 5,577 5,960 2,483
Operating Margin 17.59% 17.99% 21.79% 16.53% 17.57% 9.33%
Earnings before Tax (EBT) 1 3,255 3,731 5,598 7,100 6,289 2,270
Net income 1 1,319 1,736 2,520 2,655 2,214 563.2
Net margin 9.02% 11.24% 14.27% 7.87% 6.53% 2.12%
EPS 2 0.4597 0.6100 0.8933 0.9419 0.7783 0.1737
Free Cash Flow 1 1,610 -1,571 -9,660 2,708 6,300 900.1
FCF margin 11.01% -10.17% -54.7% 8.03% 18.57% 3.38%
FCF Conversion (EBITDA) 60.34% - - 47.61% 104.18% 35.43%
FCF Conversion (Net income) 122.05% - - 102% 284.57% 159.8%
Dividend per Share 2 0.1249 0.1756 0.2235 0.2526 0.2444 -
Announcement Date 4/19/18 4/29/19 4/28/20 4/29/21 4/29/22 4/28/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 12,185 14,443 5,832 15,543 12,960 13,254
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 4.566 x 5.037 x 1.482 x 2.733 x 2.143 x 5.218 x
Free Cash Flow 1 1,610 -1,571 -9,660 2,708 6,300 900
ROE (net income / shareholders' equity) 17.2% 15.5% 19.9% 15.3% 10.6% 3.33%
ROA (Net income/ Total Assets) 2.62% 2.18% 2.54% 2.14% 2.23% 0.97%
Assets 1 50,438 79,479 99,271 123,775 99,173 57,787
Book Value Per Share 2 3.270 3.780 4.780 4.850 5.110 5.060
Cash Flow per Share 2 1.970 1.470 2.730 3.470 2.680 1.090
Capex 1 42.7 71.2 32.2 59.4 146 1,151
Capex / Sales 0.29% 0.46% 0.18% 0.18% 0.43% 4.32%
Announcement Date 4/19/18 4/29/19 4/28/20 4/29/21 4/29/22 4/28/23
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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