SHUNFA HENGYE CORPORATION Financials Shunfa Hengye Corporation
Equities
000631
CNE000000990
Real Estate Development & Operations
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.78 CNY | -2.80% |
|
-3.14% | -16.27% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 7,225 | 7,444 | 7,279 | 8,015 | 7,487 | 7,271 |
| Enterprise Value (EV) 1 | 714.8 | 1,111 | 3,139 | 2,864 | 2,121 | 2,366 |
| P/E ratio | 7.07 x | 12.2 x | 30.4 x | 89.3 x | 48.9 x | 22.1 x |
| Yield | 6.73% | 0.62% | - | - | 8.04% | 3.01% |
| Capitalization / Revenue | 2.66 x | 4.51 x | 12.5 x | 29.5 x | 24.4 x | 3.25 x |
| EV / Revenue | 0.26 x | 0.67 x | 5.4 x | 10.5 x | 6.91 x | 1.06 x |
| EV / EBITDA | 0.74 x | 2.11 x | 15.1 x | 29.6 x | 15.8 x | 6.11 x |
| EV / FCF | 1.95 x | -2.22 x | -1.52 x | 2.12 x | 7.48 x | 61.2 x |
| FCF Yield | 51.3% | -45.1% | -65.8% | 47.3% | 13.4% | 1.63% |
| Price to Book | 1.13 x | 1.14 x | 1.11 x | 1.29 x | 1.22 x | 1.24 x |
| Nbr of stocks (in thousands) | 2,432,519 | 2,432,519 | 2,394,569 | 2,245,079 | 2,189,267 | 2,189,967 |
| Reference price 2 | 2.970 | 3.060 | 3.040 | 3.570 | 3.420 | 3.320 |
| Announcement Date | 3/27/19 | 3/25/20 | 4/12/21 | 4/15/22 | 3/30/23 | 4/22/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 2,716 | 1,649 | 581.1 | 272 | 307.2 | 2,237 |
| EBITDA 1 | 959.9 | 526 | 208.3 | 96.9 | 134.6 | 386.9 |
| EBIT 1 | 940.4 | 505.4 | 188 | 55.01 | 93.29 | 345.3 |
| Operating Margin | 34.63% | 30.65% | 32.34% | 20.23% | 30.37% | 15.44% |
| Earnings before Tax (EBT) 1 | 1,366 | 809.2 | 352.7 | 135.7 | 226.1 | 449.4 |
| Net income 1 | 1,028 | 608.4 | 248.3 | 95.55 | 161.9 | 331.3 |
| Net margin | 37.84% | 36.9% | 42.72% | 35.13% | 52.71% | 14.81% |
| EPS 2 | 0.4200 | 0.2500 | 0.1000 | 0.0400 | 0.0700 | 0.1500 |
| Free Cash Flow 1 | 366.4 | -501.4 | -2,067 | 1,354 | 283.6 | 38.67 |
| FCF margin | 13.49% | -30.41% | -355.6% | 497.68% | 92.3% | 1.73% |
| FCF Conversion (EBITDA) | 38.17% | - | - | 1,396.92% | 210.62% | 10% |
| FCF Conversion (Net income) | 35.65% | - | - | 1,416.61% | 175.1% | 11.67% |
| Dividend per Share 2 | 0.2000 | 0.0190 | - | - | 0.2750 | 0.1000 |
| Announcement Date | 3/27/19 | 3/25/20 | 4/12/21 | 4/15/22 | 3/30/23 | 4/22/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 6,510 | 6,333 | 4,141 | 5,151 | 5,366 | 4,905 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 366 | -501 | -2,067 | 1,354 | 284 | 38.7 |
| ROE (net income / shareholders' equity) | 17.6% | 9.91% | 3.92% | 1.58% | 2.73% | 5.55% |
| ROA (Net income/ Total Assets) | 4.47% | 3.01% | 1.49% | 0.41% | 0.64% | 2.7% |
| Assets 1 | 23,014 | 20,207 | 16,695 | 23,535 | 25,390 | 12,266 |
| Book Value Per Share 2 | 2.620 | 2.680 | 2.730 | 2.770 | 2.810 | 2.690 |
| Cash Flow per Share 2 | 3.800 | 2.720 | 1.880 | 2.400 | 2.480 | 2.250 |
| Capex 1 | 10.7 | 0.76 | 0.1 | 1.49 | 17.1 | 9.38 |
| Capex / Sales | 0.39% | 0.05% | 0.02% | 0.55% | 5.58% | 0.42% |
| Announcement Date | 3/27/19 | 3/25/20 | 4/12/21 | 4/15/22 | 3/30/23 | 4/22/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -16.27% | 868M | |
| +36.86% | 29.21B | |
| +5.89% | 28.04B | |
| -11.90% | 27.86B | |
| +17.36% | 25.39B | |
| +50.72% | 24.16B | |
| +5.38% | 20.93B | |
| +3.41% | 19.25B | |
| +30.19% | 16.61B | |
| -13.52% | 15.42B |
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