Financials Shanghai Zendai Property Limited

Equities

755

BMG8064K1045

Real Estate Development & Operations

Market Closed - Hong Kong S.E. 04:08:22 2024-04-29 am EDT 5-day change 1st Jan Change
0.013 HKD +8.33% Intraday chart for Shanghai Zendai Property Limited +8.33% +18.18%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 1,756 1,905 669.6 669.6 476.1 252.9
Enterprise Value (EV) 1 10,541 8,572 8,258 7,661 7,323 2,427
P/E ratio 51.3 x -2.1 x -0.63 x -0.58 x -0.23 x 0.09 x
Yield - - - - - -
Capitalization / Revenue 0.58 x 0.27 x 0.5 x 0.15 x 0.64 x 0.64 x
EV / Revenue 3.48 x 1.2 x 6.12 x 1.67 x 9.88 x 6.12 x
EV / EBITDA -28.2 x 27.8 x -50 x 31.6 x -13.9 x -22.8 x
EV / FCF -10.1 x 2.67 x -385 x 2.07 x 5.88 x -2.03 x
FCF Yield -9.86% 37.5% -0.26% 48.2% 17% -49.1%
Price to Book 0.46 x 0.7 x 0.42 x 9.4 x -0.24 x 0.26 x
Nbr of stocks (in thousands) 14,879,352 14,879,352 14,879,352 14,879,352 14,879,352 14,879,352
Reference price 2 0.1180 0.1280 0.0450 0.0450 0.0320 0.0170
Announcement Date 4/30/18 4/30/19 4/23/20 5/14/21 4/28/22 4/28/23
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 3,028 7,172 1,349 4,599 741 396.6
EBITDA 1 -373.3 308.4 -165.1 242.7 -525.2 -106.3
EBIT 1 -410.3 274.4 -195.1 208.5 -568.9 -131.9
Operating Margin -13.55% 3.83% -14.47% 4.53% -76.77% -33.25%
Earnings before Tax (EBT) 1 185.7 -658.5 -1,082 -809.6 -2,163 2,794
Net income 1 34.4 -905.5 -1,058 -1,151 -2,070 2,884
Net margin 1.14% -12.63% -78.45% -25.02% -279.41% 727.04%
EPS 2 0.002300 -0.0609 -0.0711 -0.0773 -0.1391 0.1938
Free Cash Flow 1 -1,040 3,214 -21.44 3,695 1,245 -1,193
FCF margin -34.34% 44.82% -1.59% 80.35% 168.06% -300.67%
FCF Conversion (EBITDA) - 1,042.42% - 1,522.73% - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 4/30/18 4/30/19 4/23/20 5/14/21 4/28/22 4/28/23
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 8,785 6,667 7,588 6,991 6,847 2,174
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) -23.53 x 21.62 x -45.97 x 28.81 x -13.04 x -20.44 x
Free Cash Flow 1 -1,040 3,214 -21.4 3,695 1,245 -1,193
ROE (net income / shareholders' equity) 3.59% -29.2% -47.6% -117% 280% -955%
ROA (Net income/ Total Assets) -1.12% 0.8% -0.67% 0.79% -2.52% -0.82%
Assets 1 -3,059 -113,073 158,887 -145,135 82,254 -351,018
Book Value Per Share 2 0.2500 0.1800 0.1100 0 -0.1400 0.0700
Cash Flow per Share 2 0.1000 0.0600 0.0300 0.0200 0.0200 0.0100
Capex 1 8.4 11.5 3.71 39.5 15.7 15.8
Capex / Sales 0.28% 0.16% 0.28% 0.86% 2.12% 3.99%
Announcement Date 4/30/18 4/30/19 4/23/20 5/14/21 4/28/22 4/28/23
1HKD in Million2HKD
Estimates
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