Financials Regal Real Estate Investment Trust

Equities

1881

HK1881037571

Specialized REITs

Market Closed - Hong Kong S.E. 04:08:22 2024-04-29 am EDT 5-day change 1st Jan Change
0.48 HKD +4.35% Intraday chart for Regal Real Estate Investment Trust +11.63% -21.31%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 6,580 4,463 4,658 4,560 1,987 1,498 -
Enterprise Value (EV) 1 6,580 4,463 4,658 4,560 1,987 1,498 1,498
P/E ratio -3.13 x -1.93 x - - - - -
Yield 6.14% 9.93% 6.01% 4.36% - - 8.7%
Capitalization / Revenue 6.74 x 5.12 x 7.85 x 7.4 x 3.22 x 1.98 x 1.72 x
EV / Revenue 6.74 x 5.12 x 7.85 x 7.4 x 3.22 x 1.98 x 1.72 x
EV / EBITDA 7,827,187 x 5,924,300 x 9,678,581 x 9,107,056 x - - -
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Price to Book 0.45 x 0.37 x 0.38 x 0.36 x - 0.11 x 0.11 x
Nbr of stocks (in thousands) 3,257,431 3,257,431 3,257,431 3,257,431 3,257,431 3,257,431 -
Reference price 2 2.020 1.370 1.430 1.400 0.6100 0.4600 0.4600
Announcement Date 3/26/20 3/23/21 3/31/22 3/27/23 3/27/24 - -
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 975.6 871.4 593.5 616.4 617.8 757 872
EBITDA 840.7 753.3 481.3 500.8 - - -
EBIT 831.2 745 473.6 492.8 - - -
Operating Margin 85.2% 85.5% 79.79% 79.95% - - -
Earnings before Tax (EBT) 1 -2,018 -2,222 - - 246.3 -38 219
Net income 1 -2,102 -2,310 - 175.2 265.7 -45 170
Net margin -215.48% -265.07% - 28.42% 43.02% -5.94% 19.5%
EPS -0.6450 -0.7090 - - - - -
Free Cash Flow - - - - - - -
FCF margin - - - - - - -
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 0.1240 0.1360 0.0860 0.0610 - - 0.0400
Announcement Date 3/26/20 3/23/21 3/31/22 3/27/23 3/27/24 - -
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow - - - - - - -
ROE (net income / shareholders' equity) 2.63% 3.29% - 1.4% - - -
ROA (Net income/ Total Assets) 1.58% 1.82% 2.53% 0.75% - - -
Assets 1 -133,426 -126,787 - 23,382 - - -
Book Value Per Share 2 4.500 3.660 3.730 3.930 - 4.090 4.140
Cash Flow per Share - - - - - - -
Capex 1 46.4 56.7 - - - 39 42
Capex / Sales 4.76% 6.51% - - - 5.15% 4.82%
Announcement Date 3/26/20 3/23/21 3/31/22 3/27/23 3/27/24 - -
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
0.46 HKD
Average target price
0.74 HKD
Spread / Average Target
+60.87%
Consensus

Chiffre d''affaires - Rate of surprise

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