Financials Guangdong Shirongzhaoye Co., Ltd.

Equities

002016

CNE000001K16

Real Estate Development & Operations

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
5.67 CNY +7.59% Intraday chart for Guangdong Shirongzhaoye Co., Ltd. +15.01% -9.86%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 8,787 7,298 7,007 5,518 4,579 5,049
Enterprise Value (EV) 1 8,224 7,197 6,119 3,922 2,716 3,770
P/E ratio 9.62 x 9.17 x 7.94 x 6.61 x 6.47 x 35.7 x
Yield 6.63% 5.54% - 1.47% 5.3% 0.38%
Capitalization / Revenue 2.83 x 3.1 x 2.55 x 1.87 x 1.92 x 6.07 x
EV / Revenue 2.65 x 3.06 x 2.22 x 1.33 x 1.14 x 4.54 x
EV / EBITDA 6.33 x 7.11 x 5.17 x 3.2 x 2.92 x 19.5 x
EV / FCF -26.9 x 350 x 5.6 x 9.52 x 18.8 x -13.5 x
FCF Yield -3.72% 0.29% 17.9% 10.5% 5.33% -7.41%
Price to Book 3.55 x 2.71 x 2.21 x 1.36 x 0.98 x 1.1 x
Nbr of stocks (in thousands) 809,096 809,096 809,096 809,096 809,096 809,096
Reference price 2 10.86 9.020 8.660 6.820 5.660 6.240
Announcement Date 3/30/18 4/19/19 4/28/20 4/28/21 4/27/22 4/27/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 3,105 2,353 2,753 2,948 2,380 831.3
EBITDA 1 1,299 1,013 1,183 1,225 931.2 193.2
EBIT 1 1,288 1,002 1,173 1,214 920.7 181.4
Operating Margin 41.47% 42.57% 42.61% 41.19% 38.68% 21.82%
Earnings before Tax (EBT) 1 1,232 1,072 1,189 1,172 957.2 207.2
Net income 1 913 796.2 882.2 834.3 707.6 141.4
Net margin 29.4% 33.83% 32.05% 28.3% 29.73% 17.01%
EPS 2 1.128 0.9841 1.090 1.031 0.8746 0.1747
Free Cash Flow 1 -306.2 20.58 1,094 412.1 144.7 -279.3
FCF margin -9.86% 0.87% 39.72% 13.98% 6.08% -33.6%
FCF Conversion (EBITDA) - 2.03% 92.42% 33.65% 15.54% -
FCF Conversion (Net income) - 2.59% 123.96% 49.4% 20.45% -
Dividend per Share 2 0.7200 0.5000 - 0.1000 0.3000 0.0240
Announcement Date 3/30/18 4/19/19 4/28/20 4/28/21 4/27/22 4/27/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 563 101 888 1,596 1,863 1,279
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -306 20.6 1,094 412 145 -279
ROE (net income / shareholders' equity) 42.5% 31% 30.1% 23.1% 16.2% 3.11%
ROA (Net income/ Total Assets) 11.3% 8.67% 9.15% 9.22% 7.84% 1.68%
Assets 1 8,115 9,179 9,642 9,051 9,024 8,417
Book Value Per Share 2 3.060 3.330 3.920 5.020 5.790 5.670
Cash Flow per Share 2 1.880 2.710 2.620 2.340 2.210 1.600
Capex 1 9.76 37.4 146 100 12.1 178
Capex / Sales 0.31% 1.59% 5.29% 3.39% 0.51% 21.46%
Announcement Date 3/30/18 4/19/19 4/28/20 4/28/21 4/27/22 4/27/23
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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