Financials Guangzhou R&F Properties Co., Ltd.

Equities

2777

CNE100000569

Real Estate Development & Operations

Market Closed - Hong Kong S.E. 04:08:34 2024-06-21 am EDT 5-day change 1st Jan Change
0.9 HKD 0.00% Intraday chart for Guangzhou R&F Properties Co., Ltd. -4.26% -21.05%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 44,919 31,487 8,867 6,297 3,888 3,142 - -
Enterprise Value (EV) 1 219,356 166,093 135,785 120,654 125,450 100,950 81,826 67,770
P/E ratio 4.28 x 3.32 x -1 x -0.4 x -0.19 x -0.61 x -0.8 x -0.98 x
Yield 9.96% 11.9% 4.23% - - - - -
Capitalization / Revenue 0.49 x 0.37 x 0.12 x 0.18 x 0.11 x 0.12 x 0.12 x 0.12 x
EV / Revenue 2.42 x 1.93 x 1.78 x 3.43 x 3.46 x 3.7 x 3.23 x 2.66 x
EV / EBITDA 9.47 x 8.28 x -141 x 204 x -59 x 12.6 x 9.86 x 7.95 x
EV / FCF -8,531,961 x 9,407,953 x 11,373,547 x -55,925,265 x - - - -
FCF Yield -0% 0% 0% -0% - - - -
Price to Book 0.54 x 0.33 x 0.11 x 0.12 x 0.12 x 0.11 x 0.13 x 0.15 x
Nbr of stocks (in thousands) 3,495,367 3,752,367 3,752,367 3,752,367 3,752,367 3,752,367 - -
Reference price 2 12.85 8.391 2.363 1.678 1.036 0.8373 0.8373 0.8373
Announcement Date 3/26/20 3/25/21 3/31/22 3/31/23 3/28/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 90,814 85,892 76,401 35,193 36,239 27,300 25,343 25,511
EBITDA 1 23,161 20,058 -963.5 590.8 -2,127 8,040 8,297 8,522
EBIT 1 21,156 18,029 -2,655 -1,533 -4,239 1,299 1,934 2,273
Operating Margin 23.3% 20.99% -3.47% -4.36% -11.7% 4.76% 7.63% 8.91%
Earnings before Tax (EBT) 1 18,226 15,912 -5,930 -14,135 -14,116 2,501 2,632 2,584
Net income 10,090 9,005 -8,848 -15,737 - - - -
Net margin 11.11% 10.48% -11.58% -44.72% - - - -
EPS 2 3.000 2.531 -2.358 -4.194 -5.374 -1.384 -1.049 -0.8532
Free Cash Flow -25,710 17,655 11,939 -2,157 - - - -
FCF margin -28.31% 20.55% 15.63% -6.13% - - - -
FCF Conversion (EBITDA) - 88.02% - - - - - -
FCF Conversion (Net income) - 196.06% - - - - - -
Dividend per Share 2 1.280 1.000 0.1000 - - - - -
Announcement Date 3/26/20 3/25/21 3/31/22 3/31/23 3/28/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2
Net sales 1 55,761 33,591 52,301 39,493 36,908 17,782 17,411
EBITDA - - - - - - -
EBIT 1 - - - 6,525 -9,716 -2,359 -1,695
Operating Margin - - - 16.52% -26.32% -13.26% -9.73%
Earnings before Tax (EBT) - - - - - - -
Net income - - - - - - -
Net margin - - - - - - -
EPS - - - - - - -
Dividend per Share - 0.3800 - 0.1000 - - -
Announcement Date 3/26/20 8/24/20 3/25/21 8/24/21 3/31/22 8/31/22 3/31/23
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 174,437 134,606 126,919 114,358 121,562 97,808 78,684 64,628
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 7.532 x 6.711 x -131.7 x 193.6 x -57.16 x 12.17 x 9.483 x 7.584 x
Free Cash Flow -25,710 17,655 11,939 -2,157 - - - -
ROE (net income / shareholders' equity) 13.3% 10.8% -10.6% -25.3% -45.8% -6.82% -5.8% -5.49%
ROA (Net income/ Total Assets) 2.44% 2.07% -2.09% -4.1% - - - -
Assets 413,898 434,763 424,021 383,727 - - - -
Book Value Per Share 2 24.00 25.20 20.70 14.50 8.980 7.600 6.550 5.680
Cash Flow per Share 2 -7.490 5.150 3.040 -0.3400 - 7.800 5.680 4.190
Capex 1 1,564 1,670 1,805 909 581 267 703 973
Capex / Sales 1.72% 1.94% 2.36% 2.58% 1.6% 0.98% 2.77% 3.82%
Announcement Date 3/26/20 3/25/21 3/31/22 3/31/23 3/28/24 - - -
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-
More Ratings
Sell
Consensus
Buy
Mean consensus
SELL
Number of Analysts
2
Last Close Price
0.8373 CNY
Average target price
0.6475 CNY
Spread / Average Target
-22.66%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. 2777 Stock
  4. Financials Guangzhou R&F Properties Co., Ltd.