Financials C C Land Holdings Limited

Equities

1224

BMG1985B1138

Real Estate Development & Operations

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
1.12 HKD 0.00% Intraday chart for C C Land Holdings Limited +0.90% -22.22%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 7,338 6,949 6,678 6,755 7,571 5,591
Enterprise Value (EV) 1 12,384 11,330 12,335 14,085 15,386 13,322
P/E ratio 42.9 x 16.8 x 11.4 x 13.8 x -3.9 x -2.89 x
Yield 1.06% 1.12% 1.16% 1.15% 1.03% -
Capitalization / Revenue 11.3 x 12.3 x 11.3 x 10.4 x 15.2 x 11.8 x
EV / Revenue 19 x 20.1 x 20.9 x 21.7 x 30.9 x 28.2 x
EV / EBITDA 35 x 56.7 x 44.3 x 49.8 x 90.1 x 102 x
EV / FCF 4.31 x -9.44 x 8.33 x -41.8 x 18.8 x -43.3 x
FCF Yield 23.2% -10.6% 12% -2.39% 5.31% -2.31%
Price to Book 0.43 x 0.4 x 0.33 x 0.37 x 0.51 x 0.41 x
Nbr of stocks (in thousands) 3,882,335 3,882,335 3,882,335 3,882,335 3,882,335 3,882,335
Reference price 2 1.890 1.790 1.720 1.740 1.950 1.440
Announcement Date 4/10/19 4/8/20 4/13/21 4/12/22 4/25/23 4/15/24
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 651.1 564.6 588.8 648.1 498.4 473
EBITDA 1 353.4 199.8 278.6 283 170.8 130.6
EBIT 1 348.6 170.4 242.2 243.1 131.3 94.82
Operating Margin 53.54% 30.18% 41.13% 37.52% 26.35% 20.05%
Earnings before Tax (EBT) 1 190.6 401.8 622.2 -93.05 -1,906 -1,916
Net income 1 171.1 414 588.2 490.1 -1,940 -1,937
Net margin 26.28% 73.33% 99.89% 75.62% -389.34% -409.58%
EPS 2 0.0441 0.1066 0.1515 0.1262 -0.4998 -0.4990
Free Cash Flow 1 2,873 -1,201 1,481 -336.7 817 -307.9
FCF margin 441.32% -212.62% 251.53% -51.96% 163.93% -65.1%
FCF Conversion (EBITDA) 812.99% - 531.62% - 478.42% -
FCF Conversion (Net income) 1,679.4% - 251.81% - - -
Dividend per Share 2 0.0200 0.0200 0.0200 0.0200 0.0200 -
Announcement Date 4/10/19 4/8/20 4/13/21 4/12/22 4/25/23 4/15/24
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 5,047 4,381 5,657 7,330 7,815 7,732
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 14.28 x 21.92 x 20.31 x 25.9 x 45.77 x 59.2 x
Free Cash Flow 1 2,873 -1,201 1,481 -337 817 -308
ROE (net income / shareholders' equity) 1.01% 2.39% 3.1% 2.52% -11.6% -13.6%
ROA (Net income/ Total Assets) 0.72% 0.37% 0.48% 0.46% 0.28% 0.23%
Assets 1 23,803 112,598 123,643 106,608 -687,577 -843,011
Book Value Per Share 2 4.410 4.510 5.260 4.750 3.840 3.490
Cash Flow per Share 2 1.210 1.550 1.420 1.120 0.4500 0.6700
Capex 1 10.9 42.3 1.15 0.45 4.4 0.27
Capex / Sales 1.67% 7.5% 0.19% 0.07% 0.88% 0.06%
Announcement Date 4/10/19 4/8/20 4/13/21 4/12/22 4/25/23 4/15/24
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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