RIGHTWAY HOLDINGS CO.,LTD. Financials Rightway Holdings Co.,ltd.
Equities
600321
CNE0000017R0
Real Estate Development & Operations
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.96 CNY | -6.80% |
|
+7.87% | -46.37% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,674 | 3,278 | 3,202 | 3,064 | 2,731 | 2,701 |
| Enterprise Value (EV) 1 | 3,004 | 3,436 | 5,127 | 5,056 | 4,891 | 4,586 |
| P/E ratio | 70 x | 149 x | -4.17 x | 70.2 x | -14.1 x | -21.6 x |
| Yield | - | 0.46% | - | - | - | - |
| Capitalization / Revenue | 1.33 x | 2.32 x | 4.38 x | 2.43 x | 4.01 x | 3.37 x |
| EV / Revenue | 1.49 x | 2.43 x | 7.01 x | 4 x | 7.19 x | 5.72 x |
| EV / EBITDA | 18.1 x | 18.8 x | -58.3 x | 39.2 x | -44.8 x | -81 x |
| EV / FCF | 23.8 x | -60.7 x | -3.01 x | -46.4 x | -40.9 x | 12.5 x |
| FCF Yield | 4.21% | -1.65% | -33.3% | -2.16% | -2.44% | 7.98% |
| Price to Book | 0.99 x | 1.21 x | 1.66 x | 1.6 x | 1.72 x | 1.89 x |
| Nbr of stocks (in thousands) | 1,510,550 | 1,510,550 | 1,510,550 | 1,509,160 | 1,508,890 | 1,508,890 |
| Reference price 2 | 1.770 | 2.170 | 2.120 | 2.030 | 1.810 | 1.790 |
| Announcement Date | 3/22/19 | 4/10/20 | 4/21/21 | 4/1/22 | 3/9/23 | 3/28/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 2,011 | 1,411 | 731.5 | 1,263 | 680.2 | 801.7 |
| EBITDA 1 | 166 | 182.4 | -87.93 | 129.1 | -109.1 | -56.6 |
| EBIT 1 | 70.38 | 53.89 | -212.9 | 58 | -178.6 | -116.9 |
| Operating Margin | 3.5% | 3.82% | -29.1% | 4.59% | -26.26% | -14.58% |
| Earnings before Tax (EBT) 1 | 37.74 | 29.16 | -769 | 57.96 | -186.4 | -130.2 |
| Net income 1 | 38.2 | 22.01 | -768.5 | 43.61 | -193.3 | -125.1 |
| Net margin | 1.9% | 1.56% | -105.05% | 3.45% | -28.42% | -15.6% |
| EPS 2 | 0.0253 | 0.0146 | -0.5087 | 0.0289 | -0.1281 | -0.0828 |
| Free Cash Flow 1 | 126.3 | -56.59 | -1,705 | -109.1 | -119.5 | 365.8 |
| FCF margin | 6.28% | -4.01% | -233.1% | -8.63% | -17.57% | 45.63% |
| FCF Conversion (EBITDA) | 76.11% | - | - | - | - | - |
| FCF Conversion (Net income) | 330.7% | - | - | - | - | - |
| Dividend per Share | - | 0.0100 | - | - | - | - |
| Announcement Date | 3/22/19 | 4/10/20 | 4/21/21 | 4/1/22 | 3/9/23 | 3/28/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 330 | 158 | 1,924 | 1,992 | 2,160 | 1,885 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.987 x | 0.8674 x | -21.88 x | 15.44 x | -19.81 x | -33.3 x |
| Free Cash Flow 1 | 126 | -56.6 | -1,705 | -109 | -120 | 366 |
| ROE (net income / shareholders' equity) | 1.41% | 0.81% | -32.9% | 2.23% | -11% | -8.29% |
| ROA (Net income/ Total Assets) | 1.28% | 0.96% | -3.36% | 0.77% | -2.2% | -1.41% |
| Assets 1 | 2,978 | 2,293 | 22,854 | 5,694 | 8,797 | 8,856 |
| Book Value Per Share 2 | 1.780 | 1.800 | 1.280 | 1.270 | 1.050 | 0.9500 |
| Cash Flow per Share 2 | 0.0500 | 0.1200 | 0.0400 | 0.2100 | 0.0900 | 0.1900 |
| Capex 1 | 12.3 | 11.6 | 1.44 | 4.22 | 0.06 | 3.35 |
| Capex / Sales | 0.61% | 0.82% | 0.2% | 0.33% | 0.01% | 0.42% |
| Announcement Date | 3/22/19 | 4/10/20 | 4/21/21 | 4/1/22 | 3/9/23 | 3/28/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -46.37% | 215M | |
| +39.94% | 28.07B | |
| -13.85% | 26.92B | |
| +22.78% | 26.28B | |
| +1.61% | 26.06B | |
| +49.67% | 22.69B | |
| +5.96% | 20.3B | |
| +3.66% | 19.59B | |
| +30.95% | 16.31B | |
| -10.00% | 15.21B |
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- Financials Rightway Holdings Co.,ltd.
