KINETIC DEVELOPMENT GROUP LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.9 HKD | +1.12% |
|
-1.10% | +63.64% |
| Apr. 11 | Kinetic Development Group Limited Declares Special Dividend, Payable on 07 May 2024 | CI |
| Mar. 26 | Kinetic Development Posts 22% Profit Drop for 2023; Proposes Dividend | MT |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 3,405 | 2,825 | 3,122 | 3,572 | 4,467 | 4,214 |
| Enterprise Value (EV) 1 | 3,602 | 2,686 | 1,989 | 1,193 | 4,703 | 4,571 |
| P/E ratio | 4.22 x | 3.39 x | 3.83 x | 1.45 x | 1.68 x | 2.03 x |
| Yield | 9.78% | 12% | 12.5% | 23.1% | 21.7% | 14.5% |
| Capitalization / Revenue | 1.39 x | 1.03 x | 1.05 x | 0.64 x | 0.73 x | 0.89 x |
| EV / Revenue | 1.47 x | 0.98 x | 0.67 x | 0.21 x | 0.76 x | 0.96 x |
| EV / EBITDA | 3 x | 2.39 x | 1.51 x | 0.33 x | 1.22 x | 1.73 x |
| EV / FCF | 5.17 x | 4.92 x | 1.81 x | 0.49 x | 2.74 x | 5.19 x |
| FCF Yield | 19.3% | 20.3% | 55.3% | 202% | 36.5% | 19.3% |
| Price to Book | 1.92 x | 1.25 x | 1.13 x | 0.78 x | 0.71 x | 0.57 x |
| Nbr of stocks (in thousands) | 8,430,000 | 8,430,000 | 8,430,000 | 8,430,000 | 8,430,000 | 8,430,000 |
| Reference price 2 | 0.4039 | 0.3351 | 0.3703 | 0.4237 | 0.5299 | 0.4999 |
| Announcement Date | 4/1/19 | 4/16/20 | 4/8/21 | 4/28/22 | 4/18/23 | 4/10/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 2,443 | 2,736 | 2,961 | 5,581 | 6,156 | 4,745 |
| EBITDA 1 | 1,202 | 1,121 | 1,319 | 3,646 | 3,868 | 2,642 |
| EBIT 1 | 1,043 | 1,002 | 1,204 | 3,523 | 3,750 | 2,508 |
| Operating Margin | 42.68% | 36.61% | 40.64% | 63.13% | 60.91% | 52.86% |
| Earnings before Tax (EBT) 1 | 1,051 | 1,020 | 1,228 | 3,422 | 3,634 | 2,441 |
| Net income 1 | 807 | 833.3 | 814.8 | 2,469 | 2,665 | 2,078 |
| Net margin | 33.03% | 30.46% | 27.51% | 44.24% | 43.28% | 43.79% |
| EPS 2 | 0.0957 | 0.0988 | 0.0967 | 0.2928 | 0.3161 | 0.2465 |
| Free Cash Flow 1 | 696.7 | 546.3 | 1,101 | 2,412 | 1,718 | 881.1 |
| FCF margin | 28.51% | 19.97% | 37.17% | 43.23% | 27.91% | 18.57% |
| FCF Conversion (EBITDA) | 57.97% | 48.71% | 83.46% | 66.17% | 44.42% | 33.34% |
| FCF Conversion (Net income) | 86.34% | 65.56% | 135.09% | 97.72% | 64.48% | 42.4% |
| Dividend per Share 2 | 0.0395 | 0.0402 | 0.0463 | 0.0978 | 0.1150 | 0.0726 |
| Announcement Date | 4/1/19 | 4/16/20 | 4/8/21 | 4/28/22 | 4/18/23 | 4/10/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 197 | - | - | - | 236 | 357 |
| Net Cash position 1 | - | 140 | 1,133 | 2,379 | - | - |
| Leverage (Debt/EBITDA) | 0.1641 x | - | - | - | 0.0609 x | 0.1351 x |
| Free Cash Flow 1 | 697 | 546 | 1,101 | 2,412 | 1,718 | 881 |
| ROE (net income / shareholders' equity) | 52.3% | 41.3% | 32.5% | 67.3% | 48.8% | 30.2% |
| ROA (Net income/ Total Assets) | 24% | 21.4% | 22.2% | 45.3% | 30.2% | 15.3% |
| Assets 1 | 3,360 | 3,901 | 3,671 | 5,445 | 8,831 | 13,539 |
| Book Value Per Share 2 | 0.2100 | 0.2700 | 0.3300 | 0.5400 | 0.7500 | 0.8700 |
| Cash Flow per Share 2 | 0.0300 | 0.0600 | 0.1000 | 0.2800 | 0.0700 | 0.0900 |
| Capex 1 | 104 | 95.1 | 85.8 | 181 | 817 | 490 |
| Capex / Sales | 4.25% | 3.47% | 2.9% | 3.24% | 13.27% | 10.33% |
| Announcement Date | 4/1/19 | 4/16/20 | 4/8/21 | 4/28/22 | 4/18/23 | 4/10/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +63.64% | 969M | |
| +19.44% | 104B | |
| -5.15% | 38.78B | |
| +19.96% | 33.53B | |
| +21.22% | 33.68B | |
| +11.73% | 20.45B | |
| +7.75% | 18.4B | |
| -4.70% | 8.62B | |
| +6.48% | 8.24B | |
| +7.46% | 6.64B |
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