Financials Beijing Enterprises Urban Resources Group Limited

Equities

Market Closed - Hong Kong S.E. Other stock markets 04:08:20 2024-04-26 am EDT			5-day change	1st Jan Change
0.49 ^HKD	+1.03%		+1.03%	-2.00%

Mar. 25	Beijing Enterprises Urban Resources Group Limited Proposes Final Ordinary Cash Dividend for the Year Ended 31 December 2023, Payable on 05 July 2024	CI
Mar. 25	Beijing Enterprises Urban Resources Group Limited Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Capitalization ¹	7,992	1,908	2,268	1,743	1,743	-
Enterprise Value (EV) ¹	7,992	1,908	2,268	1,798	1,743	1,743
P/E ratio	18.5 x	3.8 x	-	5.84 x	4.78 x	3.94 x
Yield	-	-	-	-	-	-
Capitalization / Revenue	2.27 x	0.43 x	0.46 x	0.33 x	0.27 x	0.23 x
EV / Revenue	2.27 x	0.43 x	0.46 x	0.33 x	0.27 x	0.23 x
EV / EBITDA	7.63 x	-	-	1.61 x	1.3 x	1.13 x
EV / FCF	-266,018,707 x	-8,966,208 x	-	-	-	-
FCF Yield	-0%	-0%	-	-	-	-
Price to Book	2.63 x	0.55 x	-	0.52 x	0.48 x	0.44 x
Nbr of stocks (in thousands)	3,600,000	3,600,000	3,600,000	3,556,664	3,556,664	-
Reference price ²	2.220	0.5300	0.6300	0.4900	0.4900	0.4900
Announcement Date	3/26/21	3/29/22	3/29/23	3/25/24	-	-

¹HKD in Million²HKD

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	2,212	2,711	3,520	4,450	4,946	5,472	6,469	7,442
EBITDA ¹	-	664.9	1,048	-	-	1,114	1,344	1,538
EBIT	-	449.1	731.1	-	-	-	-	-
Operating Margin	-	16.57%	20.77%	-	-	-	-	-
Earnings before Tax (EBT) ¹	-	433.4	703.8	719.1	427.6	460.2	560.9	680.1
Net income ¹	430.4	281.3	426.8	502	277.7	308.1	363.7	440.8
Net margin	19.46%	10.38%	12.13%	11.28%	5.61%	5.63%	5.62%	5.92%
EPS ²	-	0.1042	0.1197	0.1395	-	0.0856	0.1025	0.1245
Free Cash Flow	-	-275.5	-30.04	-212.8	-	-	-	-
FCF margin	-	-10.16%	-0.85%	-4.78%	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-
Announcement Date	12/29/19	3/27/20	3/26/21	3/29/22	3/29/23	3/25/24	-	-

¹HKD in Million²HKD

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-275	-30	-213	-	-	-	-
ROE (net income / shareholders' equity)	-	16.7%	17.7%	15.4%	-	9.31%	9.87%	11%
ROA (Net income/ Total Assets)	-	-	7.05%	6.57%	-	3.6%	3.66%	3.99%
Assets ¹	-	-	6,053	7,642	-	8,559	9,950	11,046
Book Value Per Share ²	-	-	0.8400	0.9700	-	0.9500	1.020	1.100
Cash Flow per Share	-	-	0.1900	0.1500	-	-	-	-
Capex ¹	-	911	672	755	-	859	692	692
Capex / Sales	-	33.6%	19.1%	16.97%	-	15.52%	10.7%	9.3%
Announcement Date	12/29/19	3/27/20	3/26/21	3/29/22	3/29/23	3/25/24	-	-

¹HKD in Million²HKD

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.49 HKD

Average target price

0.715 HKD

Spread / Average Target

+45.92%

	1st Jan change	Capi.
BEIJING ENTERPRISES URBAN RESOURCES GROUP LIMITED	-2.00%	223M
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