Financials Xinming China Holdings Limited

Equities

2699

KYG9830D1016

Real Estate Development & Operations

Delayed Hong Kong S.E. 04:08:27 2023-03-31 am EDT 5-day change 1st Jan Change
0.012 HKD -.--% Intraday chart for Xinming China Holdings Limited -.--% -.--%

Valuation

Fiscal Period: December 2016 2017 2018 2019 2020 2021
Capitalization 1 2,066 1,831 2,128 1,964 145.5 58.17
Enterprise Value (EV) 1 4,455 3,143 4,236 3,748 2,202 1,788
P/E ratio 202 x 7.56 x 56.6 x -16.8 x -0.15 x -0.07 x
Yield - - - - - -
Capitalization / Revenue 3.13 x 0.97 x 3.41 x 12 x 1.13 x 0.57 x
EV / Revenue 6.75 x 1.66 x 6.78 x 22.9 x 17.1 x 17.6 x
EV / EBITDA 30.7 x 8.68 x 37.3 x -52.3 x -3.41 x -150 x
EV / FCF 82.8 x 2.76 x -6.1 x 8.72 x 13.6 x 2.78 x
FCF Yield 1.21% 36.3% -16.4% 11.5% 7.36% 36%
Price to Book 1.17 x 0.93 x 1.06 x 1.04 x 0.16 x 2.84 x
Nbr of stocks (in thousands) 1,878,622 1,878,622 1,878,622 1,878,622 1,878,622 1,878,622
Reference price 2 1.100 0.9745 1.133 1.046 0.0774 0.0310
Announcement Date 4/23/17 4/19/18 4/23/19 5/15/20 4/29/21 6/20/22
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2016 2017 2018 2019 2020 2021
Net sales 1 660 1,888 624.8 163.3 128.5 101.8
EBITDA 1 145.1 362 113.6 -71.68 -645.1 -11.88
EBIT 1 141.2 359.4 112.2 -72.88 -645.6 -11.98
Operating Margin 21.4% 19.03% 17.96% -44.62% -502.25% -11.76%
Earnings before Tax (EBT) 1 206.5 544.2 128.1 -46.85 -1,056 -841.9
Net income 1 10.21 242.3 42.91 -117 -1,001 -863.9
Net margin 1.55% 12.83% 6.87% -71.61% -778.57% -848.38%
EPS 2 0.005433 0.1290 0.0200 -0.0623 -0.5327 -0.4599
Free Cash Flow 1 53.84 1,140 -694.4 430.1 162 644.4
FCF margin 8.16% 60.4% -111.14% 263.29% 126.05% 632.76%
FCF Conversion (EBITDA) 37.09% 315.08% - - - -
FCF Conversion (Net income) 527.24% 470.74% - - - -
Dividend per Share - - - - - -
Announcement Date 4/23/17 4/19/18 4/23/19 5/15/20 4/29/21 6/20/22
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2016 2017 2018 2019 2020 2021
Net Debt 1 2,388 1,312 2,108 1,784 2,057 1,730
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 16.46 x 3.625 x 18.56 x -24.89 x -3.189 x -145.6 x
Free Cash Flow 1 53.8 1,140 -694 430 162 644
ROE (net income / shareholders' equity) 1.4% 11.3% 1.03% -5.53% -78.5% -187%
ROA (Net income/ Total Assets) 1.14% 3.07% 1.04% -0.67% -6.13% -0.13%
Assets 1 893.7 7,896 4,139 17,438 16,327 672,323
Book Value Per Share 2 0.9400 1.050 1.070 1.000 0.4700 0.0100
Cash Flow per Share 2 0.2500 0.3500 0.0200 0.1000 0 0.0100
Capex 1 0.56 0.11 0.37 0.01 0.03 0.02
Capex / Sales 0.08% 0.01% 0.06% 0% 0.02% 0.02%
Announcement Date 4/23/17 4/19/18 4/23/19 5/15/20 4/29/21 6/20/22
1CNY in Million2CNY
Estimates
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