Financials Guangdong Land Holdings Limited

Equities

124

BMG4182K1009

Real Estate Development & Operations

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
0.29 HKD +9.43% Intraday chart for Guangdong Land Holdings Limited +3.57% -49.12%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 2,995 2,944 2,311 1,883 1,369 1,335
Enterprise Value (EV) 1 1,231 4,620 4,460 7,008 18,450 25,087
P/E ratio 60.8 x 13.1 x 6.77 x 1.12 x 0.98 x 3.4 x
Yield - - - 1.39% 12.5% 14.1%
Capitalization / Revenue 16 x 9.42 x 1.26 x 0.47 x 0.23 x 0.97 x
EV / Revenue 6.6 x 14.8 x 2.43 x 1.75 x 3.07 x 18.2 x
EV / EBITDA 15.5 x -195 x 34.9 x 8.23 x 7.02 x 4,760 x
EV / FCF -0.97 x -1.18 x 9.92 x -6.6 x -1.74 x -4.75 x
FCF Yield -103% -85% 10.1% -15.1% -57.6% -21%
Price to Book 0.66 x 0.65 x 0.49 x 0.28 x 0.16 x 0.17 x
Nbr of stocks (in thousands) 1,711,537 1,711,537 1,711,537 1,711,537 1,711,537 1,711,537
Reference price 2 1.750 1.720 1.350 1.100 0.8000 0.7800
Announcement Date 4/27/18 4/24/19 4/23/20 4/21/21 4/27/22 4/26/23
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 186.7 312.4 1,837 4,000 6,006 1,378
EBITDA 1 79.6 -23.65 127.7 851.4 2,629 5.27
EBIT 1 78.01 -30.04 113.7 833.3 2,624 0.295
Operating Margin 41.78% -9.61% 6.19% 20.83% 43.69% 0.02%
Earnings before Tax (EBT) 1 146.3 273.5 634.8 2,756 2,946 669.8
Net income 1 49.29 224.3 341.1 1,682 1,402 392.7
Net margin 26.4% 71.78% 18.57% 42.04% 23.35% 28.5%
EPS 2 0.0288 0.1310 0.1993 0.9827 0.8193 0.2294
Free Cash Flow 1 -1,274 -3,927 449.5 -1,061 -10,618 -5,277
FCF margin -682.32% -1,257.06% 24.48% -26.53% -176.78% -383.04%
FCF Conversion (EBITDA) - - 352% - - -
FCF Conversion (Net income) - - 131.8% - - -
Dividend per Share - - - 0.0153 0.1000 0.1100
Announcement Date 4/27/18 4/24/19 4/23/20 4/21/21 4/27/22 4/26/23
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - 1,676 2,149 5,125 17,081 23,752
Net Cash position 1 1,764 - - - - -
Leverage (Debt/EBITDA) - -70.88 x 16.83 x 6.019 x 6.496 x 4,507 x
Free Cash Flow 1 -1,274 -3,927 450 -1,061 -10,618 -5,277
ROE (net income / shareholders' equity) 1.15% 4.94% 7.33% 28.5% 16.9% 4.52%
ROA (Net income/ Total Assets) 0.82% -0.23% 0.63% 3.18% 4.88% 0%
Assets 1 5,992 -95,757 54,026 52,826 28,718 130,896,000
Book Value Per Share 2 2.640 2.650 2.780 3.990 4.960 4.550
Cash Flow per Share 2 0.3500 0.4900 0.5900 1.550 1.510 1.550
Capex 1 0.72 57.6 3.3 21.9 23.7 24.7
Capex / Sales 0.38% 18.44% 0.18% 0.55% 0.39% 1.8%
Announcement Date 4/27/18 4/24/19 4/23/20 4/21/21 4/27/22 4/26/23
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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