GREENTOWN SERVICE GROUP CO. LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.33 HKD | +4.39% |
|
+8.12% | +14.43% |
| Mar. 27 | Greentown’s Profit Rises 11% in 2023; Shares Surge 12% | MT |
| Mar. 26 | Greentown Service Group Co. Ltd. Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 11 July 2024 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 14,635 | 21,214 | 25,922 | 19,039 | 14,788 | 9,752 | 9,752 | - |
| Enterprise Value (EV) 1 | 12,440 | 19,912 | 20,367 | 14,835 | 10,551 | 8,432 | 5,443 | 4,525 |
| P/E ratio | 31 x | 44.7 x | 35 x | 22.6 x | 26.9 x | 13.9 x | 12.9 x | 11.2 x |
| Yield | 1.22% | 0.9% | 1.25% | 2.22% | 1.91% | 3.5% | 5.12% | 5.93% |
| Capitalization / Revenue | 2.18 x | 2.47 x | 2.57 x | 1.52 x | 1 x | 0.48 x | 0.5 x | 0.44 x |
| EV / Revenue | 1.85 x | 2.32 x | 2.02 x | 1.18 x | 0.71 x | 0.48 x | 0.28 x | 0.2 x |
| EV / EBITDA | 20.8 x | 22.6 x | 16.2 x | 9.71 x | 8.14 x | 6.33 x | 3.52 x | 2.54 x |
| EV / FCF | 25.9 x | 29.2 x | 21 x | 24.3 x | 43.7 x | 2.98 x | 7.11 x | 3.21 x |
| FCF Yield | 3.85% | 3.43% | 4.75% | 4.11% | 2.29% | 33.5% | 14.1% | 31.2% |
| Price to Book | 6.28 x | 7.68 x | 3.61 x | 2.71 x | 2.08 x | 1.31 x | 1.27 x | 1.2 x |
| Nbr of stocks (in thousands) | 2,777,776 | 2,789,485 | 3,218,248 | 3,245,296 | 3,232,380 | 3,163,646 | 3,163,646 | - |
| Reference price 2 | 5.269 | 7.605 | 8.055 | 5.867 | 4.575 | 3.082 | 3.082 | 3.082 |
| Announcement Date | 3/24/19 | 3/31/20 | 3/26/21 | 3/25/22 | 3/24/23 | 3/26/24 | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,710 | 8,582 | 10,106 | 12,566 | 14,856 | 17,393 | 19,674 | 22,258 |
| EBITDA 1 | 596.9 | 881.4 | 1,255 | 1,528 | 1,296 | 1,332 | 1,547 | 1,779 |
| EBIT 1 | 516.2 | 643.8 | 969.6 | 1,150 | 862.9 | 847 | 1,223 | 1,418 |
| Operating Margin | 7.69% | 7.5% | 9.6% | 9.15% | 5.81% | 4.87% | 6.22% | 6.37% |
| Earnings before Tax (EBT) 1 | 629.1 | 643.2 | 1,003 | 1,191 | 863.9 | 972.2 | 1,243 | 1,445 |
| Net income 1 | 483.3 | 477.4 | 710.4 | 846.3 | 547.5 | 605.4 | 764.2 | 886.1 |
| Net margin | 7.2% | 5.56% | 7.03% | 6.73% | 3.69% | 3.48% | 3.88% | 3.98% |
| EPS 2 | 0.1700 | 0.1700 | 0.2300 | 0.2600 | 0.1700 | 0.1900 | 0.2386 | 0.2762 |
| Free Cash Flow 1 | 479.5 | 682.6 | 968.4 | 609.3 | 241.5 | 1,875 | 766 | 1,412 |
| FCF margin | 7.15% | 7.95% | 9.58% | 4.85% | 1.63% | 10.59% | 3.89% | 6.34% |
| FCF Conversion (EBITDA) | 80.33% | 77.45% | 77.17% | 39.87% | 18.63% | 127.43% | 49.5% | 79.32% |
| FCF Conversion (Net income) | 99.21% | 142.99% | 136.32% | 72% | 44.11% | 260.82% | 100.24% | 159.29% |
| Dividend per Share 2 | 0.0642 | 0.0685 | 0.1010 | 0.1301 | 0.0875 | 0.1080 | 0.1579 | 0.1826 |
| Announcement Date | 3/24/19 | 3/31/20 | 3/26/21 | 3/25/22 | 3/24/23 | 3/26/24 | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S1 | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,663 | 4,919 | 4,400 | 5,706 | 5,596 | 6,970 | 6,828 | 8,029 | 8,197 | 9,196 | 9,212 | 10,414 |
| EBITDA | 386.5 | 494.9 | 653.9 | - | 876.5 | 651.6 | - | - | - | - | - | - |
| EBIT 1 | 312.6 | 331.3 | 496.2 | - | 700 | 450 | 498.4 | 364.4 | 521.1 | 325.9 | 812.6 | 508.2 |
| Operating Margin | 8.53% | 6.73% | 11.28% | - | 12.51% | 6.46% | 7.3% | 4.54% | 6.36% | 3.54% | 8.82% | 4.88% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | 234.4 | 243 | 373.6 | - | 508.8 | - | - | - | 415.4 | - | - | - |
| Net margin | 6.4% | 4.94% | 8.49% | - | 9.09% | - | - | - | 5.07% | - | - | - |
| EPS 2 | 0.0800 | 0.0900 | 0.1300 | 0.1000 | 0.1700 | 0.0900 | 0.1000 | 0.0700 | 0.1300 | 0.0600 | 0.1800 | 0.0800 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/23/19 | 3/31/20 | 8/21/20 | 3/26/21 | 8/27/21 | 3/25/22 | 8/26/22 | 3/24/23 | 8/25/23 | 3/26/24 | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 2,195 | 1,303 | 5,555 | 4,204 | 4,237 | 4,161 | 4,308 | 5,227 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 479 | 683 | 968 | 609 | 241 | 1,875 | 766 | 1,412 |
| ROE (net income / shareholders' equity) | 22.8% | 18.8% | 14.8% | 12.2% | 7.74% | 9.62% | 10.1% | 11.2% |
| ROA (Net income/ Total Assets) | 10.2% | 6.89% | 6.58% | 6.17% | 3.51% | 4.18% | 4.29% | 4.63% |
| Assets 1 | 4,742 | 6,933 | 10,800 | 13,727 | 15,616 | 17,199 | 17,814 | 19,137 |
| Book Value Per Share 2 | 0.8400 | 0.9900 | 2.230 | 2.160 | 2.200 | 2.350 | 2.430 | 2.560 |
| Cash Flow per Share 2 | 0.2400 | 0.3300 | 0.4300 | 0.3100 | 0.2100 | 0.3000 | 0.4000 | 0.5400 |
| Capex 1 | 177 | 237 | 348 | 409 | 454 | 417 | 434 | 394 |
| Capex / Sales | 2.63% | 2.76% | 3.44% | 3.26% | 3.05% | 2.35% | 2.21% | 1.77% |
| Announcement Date | 3/24/19 | 3/31/20 | 3/26/21 | 3/25/22 | 3/24/23 | 3/26/24 | - | - |
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
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
20
Last Close Price
3.082
CNY
Average target price
3.354
CNY
Spread / Average Target
+8.80%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +14.43% | 1.35B | |
| +1.26% | 8.22B | |
| -23.13% | 2.87B | |
| -27.26% | 2.1B | |
| +2.43% | 2.08B | |
| -52.23% | 1.48B | |
| -19.36% | 1.33B | |
| -15.99% | 909M | |
| -36.13% | 575M | |
| -8.55% | 558M |
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