POLY PROPERTY SERVICES CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 29.5 HKD | +6.50% |
|
+13.24% | +2.43% |
| Mar. 26 | Poly Property Services Logs 24% Boost in 2023 Profit | MT |
| Mar. 26 | Poly Property Services Co., Ltd. Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 12 July 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 22,282 | 28,455 | 27,638 | 22,461 | 15,053 | 15,053 | - |
| Enterprise Value (EV) 1 | 15,788 | 21,007 | 20,062 | 13,504 | 14,430 | 3,153 | 1,427 |
| P/E ratio | 47.1 x | 42.2 x | 32.6 x | 20.2 x | 10.4 x | 9.48 x | 8.35 x |
| Yield | 0.72% | 0.84% | 0.61% | 1.24% | 2.38% | 4.16% | 4.7% |
| Capitalization / Revenue | 3.73 x | 3.54 x | 2.56 x | 1.64 x | 0.96 x | 0.88 x | 0.78 x |
| EV / Revenue | 2.65 x | 2.61 x | 1.86 x | 0.99 x | 0.96 x | 0.18 x | 0.07 x |
| EV / EBITDA | 22.2 x | 24.9 x | 15.2 x | 7.75 x | 6.88 x | 1.35 x | 0.55 x |
| EV / FCF | 23.6 x | 43.1 x | 14.6 x | 9.64 x | 3.47 x | 1.77 x | 0.6 x |
| FCF Yield | 4.23% | 2.32% | 6.83% | 10.4% | 28.8% | 56.5% | 166% |
| Price to Book | 3.34 x | 4.6 x | 4.07 x | 2.93 x | 1.72 x | 1.55 x | 1.37 x |
| Nbr of stocks (in thousands) | 533,333 | 553,333 | 553,333 | 552,263 | 551,263 | 551,263 | - |
| Reference price 2 | 41.78 | 51.42 | 49.95 | 40.67 | 27.31 | 27.31 | 27.31 |
| Announcement Date | 3/25/20 | 3/24/21 | 3/15/22 | 4/25/23 | 3/26/24 | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,229 | 5,967 | 8,037 | 10,783 | 13,687 | 15,062 | 17,146 | 19,365 |
| EBITDA 1 | - | 711.9 | 843.1 | 1,321 | 1,742 | 2,097 | 2,336 | 2,577 |
| EBIT 1 | - | 671.4 | 739.5 | 999.2 | 1,360 | 1,709 | 2,044 | 2,309 |
| Operating Margin | - | 11.25% | 9.2% | 9.27% | 9.94% | 11.35% | 11.92% | 11.93% |
| Earnings before Tax (EBT) 1 | - | 685.4 | 935.2 | 1,162 | 1,513 | 1,841 | 2,129 | 2,412 |
| Net income 1 | - | 490.5 | 673.5 | 845.7 | 1,113 | 1,380 | 1,590 | 1,802 |
| Net margin | - | 8.22% | 8.38% | 7.84% | 8.13% | 9.16% | 9.27% | 9.31% |
| EPS 2 | - | 0.8865 | 1.220 | 1.530 | 2.010 | 2.510 | 2.880 | 3.270 |
| Free Cash Flow 1 | - | 668.1 | 487.1 | 1,371 | 1,400 | 1,451 | 1,781 | 2,364 |
| FCF margin | - | 11.2% | 6.06% | 12.71% | 10.23% | 9% | 10.39% | 12.21% |
| FCF Conversion (EBITDA) | - | 93.85% | 57.78% | 103.75% | 80.37% | 69.94% | 76.25% | 91.71% |
| FCF Conversion (Net income) | - | 136.21% | 72.33% | 162.11% | 125.81% | 105.74% | 112.02% | 131.15% |
| Dividend per Share 2 | - | 0.3000 | 0.4300 | 0.3050 | 0.5030 | 0.6512 | 1.137 | 1.283 |
| Announcement Date | 12/8/19 | 3/25/20 | 3/24/21 | 3/15/22 | 4/25/23 | 3/26/24 | - | - |
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 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 | 2025 S1 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,145 | 3,601 | 4,436 | 5,153 | 5,629 | 6,449 | 7,237 | 7,141 | 7,921 | 7,695 | 9,405 | 7,762 | 11,643 |
| EBITDA | 264.1 | 448.4 | - | 725 | 596.3 | - | - | - | - | - | - | - | - |
| EBIT 1 | 243.3 | 442.4 | - | 589.6 | 409.6 | 787.9 | 572.6 | 987.6 | 721.3 | 862.9 | 1,055 | 866.8 | 1,300 |
| Operating Margin | 7.74% | 12.28% | - | 11.44% | 7.28% | 12.22% | 7.91% | 13.83% | 9.11% | 11.21% | 11.21% | 11.17% | 11.17% |
| Earnings before Tax (EBT) | - | 556 | - | 679.1 | - | - | - | - | - | - | - | - | - |
| Net income | 176.9 | 399.6 | - | 490.8 | 354.9 | 628.3 | - | - | - | - | - | - | - |
| Net margin | 5.63% | 11.1% | - | 9.52% | 6.3% | 9.74% | - | - | - | - | - | - | - |
| EPS 2 | - | - | - | 0.8900 | 0.6400 | 1.140 | 0.8700 | 1.380 | 1.130 | 1.240 | 1.520 | 1.240 | 1.870 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/25/20 | 8/24/20 | 3/24/21 | 8/23/21 | 3/15/22 | 8/29/22 | 4/25/23 | 8/22/23 | 3/26/24 | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 6,494 | 7,448 | 7,576 | 8,956 | 10,011 | 11,901 | 13,626 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | 668 | 487 | 1,371 | 1,400 | 1,451 | 1,781 | 2,364 |
| ROE (net income / shareholders' equity) | - | 17.2% | 12% | 13.1% | 15.4% | 16.3% | 16.9% | 17% |
| ROA (Net income/ Total Assets) | - | 9.69% | 7.92% | 8.22% | 9.18% | 9.33% | 9.77% | 9.73% |
| Assets 1 | - | 5,062 | 8,508 | 10,291 | 12,124 | 14,715 | 16,267 | 18,517 |
| Book Value Per Share 2 | - | 12.50 | 11.20 | 12.30 | 13.90 | 15.90 | 17.70 | 19.90 |
| Cash Flow per Share 2 | - | 1.720 | 0.9900 | 2.620 | 2.670 | 3.430 | 3.300 | 4.500 |
| Capex 1 | - | 26.3 | 61.7 | 78.3 | 74.1 | 73.3 | 89.4 | 101 |
| Capex / Sales | - | 0.44% | 0.77% | 0.73% | 0.54% | 0.45% | 0.52% | 0.52% |
| Announcement Date | 12/8/19 | 3/25/20 | 3/24/21 | 3/15/22 | 4/25/23 | 3/26/24 | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
22
Last Close Price
27.31
CNY
Average target price
36.85
CNY
Spread / Average Target
+34.93%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +2.43% | 2.08B | |
| +1.26% | 8.22B | |
| -23.13% | 2.87B | |
| -27.26% | 2.1B | |
| -52.23% | 1.48B | |
| -19.36% | 1.33B | |
| +14.43% | 1.35B | |
| -15.99% | 909M | |
| -36.13% | 575M | |
| -8.55% | 558M |
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- Financials Poly Property Services Co., Ltd.
