Financials Minmetals Land Limited

Equities

230

BMG6144P1014

Real Estate Development & Operations

Market Closed - Hong Kong S.E. 04:08:22 2024-04-29 am EDT 5-day change 1st Jan Change
0.375 HKD +10.29% Intraday chart for Minmetals Land Limited +8.70% +25.00%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 4,384 4,384 2,912 2,778 1,707 1,004
Enterprise Value (EV) 1 15,768 17,327 14,711 12,744 18,190 20,787
P/E ratio 4.69 x 4.65 x 25.9 x 31.1 x -1.25 x -0.99 x
Yield 6.11% 6.11% 1.15% 1.2% - -
Capitalization / Revenue 0.4 x 0.39 x 0.38 x 0.22 x 0.17 x 0.08 x
EV / Revenue 1.44 x 1.54 x 1.92 x 0.99 x 1.81 x 1.65 x
EV / EBITDA 4.89 x 8.75 x 56.8 x 9.72 x -42.6 x 39.9 x
EV / FCF -10.3 x -13.9 x -4.43 x 5.6 x -10.9 x -14.1 x
FCF Yield -9.66% -7.2% -22.6% 17.9% -9.18% -7.09%
Price to Book 0.52 x 0.48 x 0.3 x 0.28 x 0.25 x 0.19 x
Nbr of stocks (in thousands) 3,346,908 3,346,908 3,346,908 3,346,908 3,346,908 3,346,908
Reference price 2 1.310 1.310 0.8700 0.8300 0.5100 0.3000
Announcement Date 4/3/19 4/22/20 4/23/21 4/22/22 4/24/23 4/22/24
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 10,931 11,261 7,662 12,886 10,065 12,631
EBITDA 1 3,225 1,979 258.9 1,311 -426.9 521.3
EBIT 1 3,216 1,955 219.8 1,256 -472.9 491
Operating Margin 29.43% 17.36% 2.87% 9.74% -4.7% 3.89%
Earnings before Tax (EBT) 1 3,463 2,260 808.4 1,064 -1,023 123.6
Net income 1 1,119 1,162 332.9 254.2 -1,317 -1,016
Net margin 10.24% 10.32% 4.35% 1.97% -13.09% -8.04%
EPS 2 0.2793 0.2817 0.0336 0.0267 -0.4071 -0.3034
Free Cash Flow 1 -1,524 -1,247 -3,318 2,276 -1,670 -1,473
FCF margin -13.94% -11.07% -43.3% 17.66% -16.59% -11.66%
FCF Conversion (EBITDA) - - - 173.61% - -
FCF Conversion (Net income) - - - 895.22% - -
Dividend per Share 2 0.0800 0.0800 0.0100 0.0100 - -
Announcement Date 4/3/19 4/22/20 4/23/21 4/22/22 4/24/23 4/22/24
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 11,383 12,943 11,800 9,966 16,483 19,783
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 3.53 x 6.539 x 45.58 x 7.603 x -38.61 x 37.95 x
Free Cash Flow 1 -1,524 -1,247 -3,318 2,276 -1,670 -1,473
ROE (net income / shareholders' equity) 12.3% 8.7% 2.26% 2.78% -6.81% -3.37%
ROA (Net income/ Total Assets) 4.18% 2.54% 0.23% 1.08% -0.41% 0.51%
Assets 1 26,802 45,752 142,225 23,579 322,229 -200,181
Book Value Per Share 2 2.500 2.750 2.870 2.990 2.040 1.580
Cash Flow per Share 2 1.080 1.150 2.460 3.270 2.300 1.020
Capex 1 16.2 13.4 43.8 7.5 5.91 56.4
Capex / Sales 0.15% 0.12% 0.57% 0.06% 0.06% 0.45%
Announcement Date 4/3/19 4/22/20 4/23/21 4/22/22 4/24/23 4/22/24
1HKD in Million2HKD
Estimates
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