H WORLD GROUP LIMITED Financials H World Group Limited Sao Paulo
Equities
H1TH34
BRH1THBDR001
Hotels, Motels & Cruise Lines
|
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 43.74 BRL | -0.14% |
|
-.--% | +0.41% |
| May. 17 | H World Group Reports Lower Q1 EBITDA | MT |
| May. 17 | Stocks Down Marginally as Traders Wait for Market Direction Cues; Asia Churns, Europe Rises | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 79,193 | 94,173 | 76,493 | 94,634 | 75,656 | 93,662 | - | - |
| Enterprise Value (EV) 1 | 89,634 | 97,770 | 81,310 | 101,740 | 75,656 | 88,616 | 82,793 | 78,245 |
| P/E ratio | 47 x | -39.2 x | -159 x | -50 x | 18.9 x | 21.2 x | 18.8 x | 17 x |
| Yield | 0.86% | - | 0.58% | 0.5% | - | 1.59% | 2.21% | 2.5% |
| Capitalization / Revenue | 7.06 x | 9.24 x | 5.98 x | 6.83 x | 3.46 x | 3.88 x | 3.58 x | 3.3 x |
| EV / Revenue | 7.99 x | 9.59 x | 6.36 x | 7.34 x | 3.46 x | 3.67 x | 3.17 x | 2.75 x |
| EV / EBITDA | 26.8 x | -401 x | 51.8 x | 167 x | 11 x | 11.9 x | 9.9 x | 8.52 x |
| EV / FCF | 51 x | -83.8 x | -244 x | 229 x | - | 17.9 x | 14 x | 11.9 x |
| FCF Yield | 1.96% | -1.19% | -0.41% | 0.44% | - | 5.58% | 7.13% | 8.4% |
| Price to Book | 10.7 x | 7.6 x | 6.75 x | 9.81 x | - | 6.65 x | 5.1 x | 4.49 x |
| Nbr of stocks (in thousands) | 283,891 | 320,512 | 322,500 | 323,446 | 318,774 | 313,794 | - | - |
| Reference price 2 | 279.0 | 293.8 | 237.2 | 292.6 | 237.3 | 298.5 | 298.5 | 298.5 |
| Announcement Date | 3/26/20 | 3/24/21 | 3/23/22 | 3/27/23 | 3/20/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 11,212 | 10,196 | 12,787 | 13,862 | 21,882 | 24,117 | 26,134 | 28,417 |
| EBITDA 1 | 3,349 | -244 | 1,571 | 610 | 6,874 | 7,428 | 8,362 | 9,180 |
| EBIT 1 | 2,108 | -1,686 | 164 | -294 | 4,714 | 6,033 | 6,863 | 7,576 |
| Operating Margin | 18.8% | -16.54% | 1.28% | -2.12% | 21.54% | 25.01% | 26.26% | 26.66% |
| Earnings before Tax (EBT) 1 | 2,565 | -2,279 | -408 | -1,606 | 5,349 | 5,825 | 6,660 | 7,332 |
| Net income 1 | 1,769 | -2,192 | -465 | -1,821 | 4,085 | 4,319 | 5,111 | 5,584 |
| Net margin | 15.78% | -21.5% | -3.64% | -13.14% | 18.67% | 17.91% | 19.56% | 19.65% |
| EPS 2 | 5.940 | -7.490 | -1.490 | -5.850 | 12.55 | 14.08 | 15.85 | 17.58 |
| Free Cash Flow 1 | 1,758 | -1,167 | -333 | 444 | - | 4,944 | 5,905 | 6,572 |
| FCF margin | 15.68% | -11.45% | -2.6% | 3.2% | - | 20.5% | 22.59% | 23.13% |
| FCF Conversion (EBITDA) | 52.49% | - | - | 72.79% | - | 66.56% | 70.62% | 71.59% |
| FCF Conversion (Net income) | 99.38% | - | - | - | - | 114.46% | 115.53% | 117.68% |
| Dividend per Share 2 | 2.411 | - | 1.378 | 1.454 | - | 4.743 | 6.598 | 7.476 |
| Announcement Date | 3/26/20 | 3/24/21 | 3/23/22 | 3/27/23 | 3/20/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,350 | 2,681 | 3,382 | 4,093 | 3,706 | 4,480 | 5,530 | 6,288 | 5,585 | 5,278 | 6,166 | 6,751 | 6,146 | 6,131 | 6,816 |
| EBITDA 1 | 278 | -333 | 53 | 491 | 398 | 1,651 | 1,767 | 2,186 | 1,270 | 1,421 | 1,992 | 2,193 | 1,857 | 1,973 | 2,175 |
| EBIT 1 | 39 | -708 | 8 | 500 | -93 | 664 | 1,385 | 1,909 | 757 | 1,003 | 1,636 | 1,965 | 1,423 | 1,594 | 1,796 |
| Operating Margin | 1.16% | -26.41% | 0.24% | 12.22% | -2.51% | 14.82% | 25.05% | 30.36% | 13.55% | 19% | 26.54% | 29.11% | 23.16% | 26% | 26.35% |
| Earnings before Tax (EBT) 1 | -406 | -747 | -676 | -256 | 73 | 1,209 | 1,356 | 1,753 | 1,032 | 1,003 | 1,579 | 1,790 | 1,463 | 1,574 | 1,772 |
| Net income 1 | -459 | -630 | -350 | -717 | -124 | 990 | 1,015 | 1,337 | 743 | 659 | 1,313 | 1,508 | 1,196 | 1,170 | 1,323 |
| Net margin | -13.7% | -23.5% | -10.35% | -17.52% | -3.35% | 22.1% | 18.35% | 21.26% | 13.3% | 12.49% | 21.29% | 22.34% | 19.47% | 19.08% | 19.42% |
| EPS 2 | -1.470 | -2.020 | -1.130 | -2.310 | -0.4000 | 3.050 | 3.110 | 4.070 | 2.310 | - | 3.635 | 4.719 | 3.324 | 3.567 | 4.025 |
| Dividend per Share 2 | 1.378 | - | - | - | 1.454 | - | - | - | - | - | - | - | 5.076 | - | - |
| Announcement Date | 3/23/22 | 5/30/22 | 8/29/22 | 11/28/22 | 3/27/23 | 5/29/23 | 8/24/23 | 11/24/23 | 3/20/24 | 5/17/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 10,441 | 3,597 | 4,817 | 7,106 | - | - | - | - |
| Net Cash position 1 | - | - | - | - | - | 5,046 | 10,868 | 15,417 |
| Leverage (Debt/EBITDA) | 3.118 x | -14.74 x | 3.066 x | 11.65 x | - | - | - | - |
| Free Cash Flow 1 | 1,758 | -1,167 | -333 | 444 | - | 4,944 | 5,905 | 6,572 |
| ROE (net income / shareholders' equity) | 23.1% | -23.4% | -2.34% | -14% | - | 32.5% | 29% | 26.7% |
| ROA (Net income/ Total Assets) | 4.06% | -3.04% | -0.4% | -2.2% | - | 6.73% | 7.18% | 7.59% |
| Assets 1 | 43,561 | 72,124 | 114,840 | 82,626 | - | 64,170 | 71,203 | 73,607 |
| Book Value Per Share 2 | 26.20 | 38.70 | 35.10 | 29.80 | - | 44.90 | 58.50 | 66.50 |
| Cash Flow per Share 2 | 10.80 | 2.080 | 4.310 | 2.080 | - | 16.40 | 18.70 | 21.60 |
| Capex 1 | 1,535 | 1,776 | 1,675 | 1,053 | - | 964 | 955 | 963 |
| Capex / Sales | 13.69% | 17.42% | 13.1% | 7.6% | - | 4% | 3.66% | 3.39% |
| Announcement Date | 3/26/20 | 3/24/21 | 3/23/22 | 3/27/23 | 3/20/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
17
Last Close Price
298.5
CNY
Average target price
378.9
CNY
Spread / Average Target
+26.95%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -14.36% | 7.3B | |
| -11.57% | 5.72B | |
| +4.85% | 5.66B | |
| +3.68% | 4.04B | |
| +13.06% | 2.74B | |
| +5.30% | 2.56B | |
| -2.37% | 2.32B | |
| +7.69% | 2.16B | |
| +14.65% | 2.09B |
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- Financials H World Group Limited
