TIMES CHINA HOLDINGS LIMITED Financials Times China Holdings Limited
Equities
1233
KYG8904A1004
Real Estate Development & Operations
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.166 HKD | +12.16% |
|
+18.57% | -36.15% |
| Apr. 25 | Times China Shrinks Loss in 2023 | MT |
| Apr. 16 | News Highlights : Top Company News of the Day - Tuesday at 7 AM ET | DJ |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 26,967 | 17,618 | 6,095 | 2,803 | 496.7 | 323 | - | - |
| Enterprise Value (EV) 1 | 55,580 | 48,882 | 39,643 | 43,885 | 496.7 | 48,879 | 38,892 | 33,089 |
| P/E ratio | 5.09 x | 3.57 x | 1.85 x | -0.28 x | -0.11 x | -0.18 x | -0.3 x | -0.43 x |
| Yield | 6.08% | 8.45% | 2.56% | - | - | - | 499% | - |
| Capitalization / Revenue | 0.64 x | 0.46 x | 0.14 x | 0.11 x | 0.02 x | 0.03 x | 0.04 x | 0.04 x |
| EV / Revenue | 1.31 x | 1.27 x | 0.91 x | 1.8 x | 0.02 x | 4.02 x | 4.26 x | 4.55 x |
| EV / EBITDA | 4.06 x | 4.89 x | 4.05 x | -6.26 x | -0.17 x | -74.9 x | -93.3 x | - |
| EV / FCF | 85,536,052 x | 122,795,051 x | -34,309,349 x | -84,486,136 x | - | - | - | - |
| FCF Yield | 0% | 0% | -0% | -0% | - | - | - | - |
| Price to Book | 1.39 x | 0.94 x | 0.31 x | 0.49 x | - | -0.29 x | -0.47 x | -0.1 x |
| Nbr of stocks (in thousands) | 1,941,817 | 1,941,817 | 1,984,116 | 2,101,816 | 2,101,816 | 2,101,816 | - | - |
| Reference price 2 | 13.89 | 9.073 | 3.072 | 1.334 | 0.2363 | 0.1537 | 0.1537 | 0.1537 |
| Announcement Date | 3/9/20 | 3/23/21 | 3/30/22 | 3/31/23 | 3/27/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 42,433 | 38,577 | 43,635 | 24,424 | 21,011 | 12,162 | 9,130 | 7,267 |
| EBITDA 1 | 13,704 | 9,987 | 9,779 | -7,005 | -2,884 | -653 | -417 | - |
| EBIT 1 | 13,592 | 9,859 | 9,621 | -7,178 | -2,629 | -1,175 | -610.9 | -400.2 |
| Operating Margin | 32.03% | 25.56% | 22.05% | -29.39% | -12.51% | -9.66% | -6.69% | -5.51% |
| Earnings before Tax (EBT) 1 | 10,339 | 9,122 | 9,141 | -8,635 | -3,878 | -1,145 | -865 | - |
| Net income 1 | 5,213 | 4,941 | 3,260 | -9,936 | -4,507 | -1,047 | -774 | - |
| Net margin | 12.28% | 12.81% | 7.47% | -40.68% | -21.45% | -8.61% | -8.48% | - |
| EPS 2 | 2.730 | 2.540 | 1.660 | -4.760 | -2.140 | -0.8314 | -0.5156 | -0.3581 |
| Free Cash Flow | 649.8 | 398.1 | -1,155 | -519.4 | - | - | - | - |
| FCF margin | 1.53% | 1.03% | -2.65% | -2.13% | - | - | - | - |
| FCF Conversion (EBITDA) | 4.74% | 3.99% | - | - | - | - | - | - |
| FCF Conversion (Net income) | 12.47% | 8.06% | - | - | - | - | - | - |
| Dividend per Share | 0.8445 | 0.7668 | 0.0787 | - | - | - | 0.7668 | - |
| Announcement Date | 3/9/20 | 3/23/21 | 3/30/22 | 3/31/23 | 3/27/24 | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 28,612 | 31,264 | 33,548 | 41,082 | - | 48,556 | 38,569 | 32,766 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.088 x | 3.131 x | 3.431 x | -5.865 x | - | -74.36 x | -92.49 x | - |
| Free Cash Flow | 650 | 398 | -1,155 | -519 | - | - | - | - |
| ROE (net income / shareholders' equity) | 28.9% | 26.2% | 17.1% | -79.5% | - | -38.1% | -47.3% | - |
| ROA (Net income/ Total Assets) | 3.59% | 2.82% | 1.67% | -5.71% | - | -0.22% | -0.09% | - |
| Assets 1 | 145,073 | 175,506 | 194,952 | 174,159 | - | 475,909 | 860,000 | - |
| Book Value Per Share 2 | 10.00 | 9.670 | 9.820 | 2.740 | - | -0.5300 | -0.3200 | -1.550 |
| Cash Flow per Share 2 | 0.4100 | 0.6700 | 0.6500 | -0.2400 | - | -0.5600 | -0.3900 | -0.1900 |
| Capex | 139 | 910 | 1,284 | 8.79 | - | - | - | - |
| Capex / Sales | 0.33% | 2.36% | 2.94% | 0.04% | - | - | - | - |
| Announcement Date | 3/9/20 | 3/23/21 | 3/30/22 | 3/31/23 | 3/27/24 | - | - | - |
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
A-
Sell
Buy
Mean consensus
SELL
Number of Analysts
2
Last Close Price
0.1537
CNY
Average target price
0.2155
CNY
Spread / Average Target
+40.24%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -36.15% | 44.57M | |
| +36.16% | 27.94B | |
| -13.74% | 26.97B | |
| +25.00% | 26.95B | |
| -0.71% | 25.32B | |
| +44.49% | 22.58B | |
| +2.78% | 19.59B | |
| +1.45% | 19.52B | |
| +28.54% | 16.23B | |
| -14.80% | 14.98B |
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