NINGBO UNITED GROUP CO.,LTD. Financials Ningbo United Group Co.,Ltd.
Equities
600051
CNE000000PL1
Real Estate Development & Operations
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.88 CNY | -2.00% |
|
+3.16% | -18.56% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,676 | 1,865 | 2,770 | 2,322 | 2,344 | 2,245 |
| Enterprise Value (EV) 1 | 1,929 | 358.6 | 1,242 | 1,105 | 1,912 | 1,785 |
| P/E ratio | 6.84 x | 5.83 x | 8.06 x | 9.34 x | 15.7 x | 21.2 x |
| Yield | 2.78% | 3.33% | 2.24% | 1.34% | 1.59% | 1.66% |
| Capitalization / Revenue | 0.43 x | 0.48 x | 0.56 x | 0.62 x | 0.88 x | 1.27 x |
| EV / Revenue | 0.49 x | 0.09 x | 0.25 x | 0.3 x | 0.72 x | 1.01 x |
| EV / EBITDA | 8.96 x | 0.98 x | 1.38 x | 2.08 x | 7.21 x | 7.72 x |
| EV / FCF | 3.76 x | 0.22 x | 50.8 x | -20.6 x | -5.72 x | -17.9 x |
| FCF Yield | 26.6% | 449% | 1.97% | -4.85% | -17.5% | -5.6% |
| Price to Book | 0.7 x | 0.7 x | 0.94 x | 0.74 x | 0.72 x | 0.68 x |
| Nbr of stocks (in thousands) | 310,880 | 310,880 | 310,880 | 310,880 | 310,880 | 310,880 |
| Reference price 2 | 5.390 | 6.000 | 8.910 | 7.470 | 7.540 | 7.220 |
| Announcement Date | 3/25/19 | 3/16/20 | 4/12/21 | 4/11/22 | 4/10/23 | 4/15/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 3,937 | 3,874 | 4,914 | 3,726 | 2,657 | 1,763 |
| EBITDA 1 | 215.3 | 367.2 | 900.7 | 530.8 | 265.3 | 231.2 |
| EBIT 1 | 105.8 | 244.5 | 806.8 | 439.2 | 153.6 | 121 |
| Operating Margin | 2.69% | 6.31% | 16.42% | 11.79% | 5.78% | 6.86% |
| Earnings before Tax (EBT) 1 | 490.7 | 327.3 | 767.3 | 549.6 | 217.3 | 108.6 |
| Net income 1 | 248.5 | 320 | 343.8 | 249.4 | 150 | 106.2 |
| Net margin | 6.31% | 8.26% | 7% | 6.69% | 5.64% | 6.02% |
| EPS 2 | 0.7882 | 1.029 | 1.106 | 0.8000 | 0.4800 | 0.3400 |
| Free Cash Flow 1 | 513.6 | 1,610 | 24.46 | -53.56 | -334.3 | -99.95 |
| FCF margin | 13.04% | 41.55% | 0.5% | -1.44% | -12.58% | -5.67% |
| FCF Conversion (EBITDA) | 238.52% | 438.44% | 2.72% | - | - | - |
| FCF Conversion (Net income) | 206.71% | 503.07% | 7.12% | - | - | - |
| Dividend per Share 2 | 0.1500 | 0.2000 | 0.2000 | 0.1000 | 0.1200 | 0.1200 |
| Announcement Date | 3/25/19 | 3/16/20 | 4/12/21 | 4/11/22 | 4/10/23 | 4/15/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 253 | - | - | - | - | - |
| Net Cash position 1 | - | 1,507 | 1,528 | 1,217 | 432 | 460 |
| Leverage (Debt/EBITDA) | 1.176 x | - | - | - | - | - |
| Free Cash Flow 1 | 514 | 1,610 | 24.5 | -53.6 | -334 | -99.9 |
| ROE (net income / shareholders' equity) | 13.8% | 10.8% | 16.6% | 12.5% | 4.32% | 2.3% |
| ROA (Net income/ Total Assets) | 0.99% | 2.1% | 6.73% | 4.17% | 1.53% | 1.26% |
| Assets 1 | 25,165 | 15,246 | 5,112 | 5,977 | 9,783 | 8,402 |
| Book Value Per Share 2 | 7.680 | 8.560 | 9.490 | 10.10 | 10.50 | 10.70 |
| Cash Flow per Share 2 | 3.360 | 6.630 | 5.930 | 5.610 | 4.350 | 4.180 |
| Capex 1 | 126 | 58.4 | 74.8 | 40.9 | 20.7 | 29.2 |
| Capex / Sales | 3.2% | 1.51% | 1.52% | 1.1% | 0.78% | 1.65% |
| Announcement Date | 3/25/19 | 3/16/20 | 4/12/21 | 4/11/22 | 4/10/23 | 4/15/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -18.56% | 253M | |
| +37.77% | 28.71B | |
| -13.85% | 26.95B | |
| +22.78% | 26.45B | |
| +1.61% | 25.94B | |
| +46.99% | 23.39B | |
| +5.96% | 20.4B | |
| -2.65% | 19.76B | |
| +28.59% | 16.53B | |
| -14.16% | 15.1B |
- Stock Market
- Equities
- 600051 Stock
- Financials Ningbo United Group Co.,Ltd.
