CHAMPION REAL ESTATE INVESTMENT TRUST |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.78 HKD | +0.56% |
|
0.00% | -27.35% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 30,245 | 26,755 | 23,689 | 18,399 | 14,734 | 10,768 | - | - |
| Enterprise Value (EV) 1 | 43,450 | 41,510 | 37,349 | 32,250 | 14,734 | 24,340 | 24,120 | 24,049 |
| P/E ratio | -51.5 x | -2.14 x | -28.5 x | -23.7 x | 61.3 x | 10.6 x | 10.7 x | 10.4 x |
| Yield | 5.18% | 5.52% | 5.71% | 6.35% | - | 8.62% | 8.44% | 8.66% |
| Capitalization / Revenue | 9.82 x | 9.16 x | 8.55 x | 7.01 x | 5.72 x | 4.28 x | 4.35 x | 4.32 x |
| EV / Revenue | 14.1 x | 14.2 x | 13.5 x | 12.3 x | 5.72 x | 9.67 x | 9.74 x | 9.66 x |
| EV / EBITDA | 20.1 x | 20.4 x | 19.6 x | 18.4 x | 8.73 x | 15 x | 15.2 x | 15.1 x |
| EV / FCF | 22.2 x | 38.6 x | 25.4 x | 25.6 x | - | 10.7 x | 11.1 x | 11.6 x |
| FCF Yield | 4.5% | 2.59% | 3.93% | 3.9% | - | 9.34% | 8.99% | 8.59% |
| Price to Book | 0.47 x | 0.53 x | 0.48 x | 0.39 x | - | 0.23 x | 0.23 x | 0.23 x |
| Nbr of stocks (in thousands) | 5,872,789 | 5,906,143 | 5,937,080 | 5,973,676 | 6,013,735 | 6,049,474 | - | - |
| Reference price 2 | 5.150 | 4.530 | 3.990 | 3.080 | 2.450 | 1.780 | 1.780 | 1.780 |
| Announcement Date | 2/18/20 | 2/18/21 | 2/21/22 | 2/24/23 | 2/21/24 | - | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,081 | 2,920 | 2,769 | 2,625 | 2,576 | 2,518 | 2,476 | 2,490 |
| EBITDA 1 | 2,159 | 2,039 | 1,907 | 1,757 | 1,688 | 1,626 | 1,587 | 1,598 |
| EBIT 1 | 2,159 | 2,039 | 1,907 | 1,757 | 1,688 | 1,607 | 1,583 | 1,592 |
| Operating Margin | 70.08% | 69.84% | 68.87% | 66.94% | 65.53% | 63.81% | 63.94% | 63.94% |
| Earnings before Tax (EBT) 1 | -279.5 | -12,226 | -575.4 | -523.9 | 409 | 1,143 | 1,138 | 1,165 |
| Net income 1 | -570.3 | -12,497 | -831.4 | -749.3 | 220.6 | 938.1 | 963.8 | 1,045 |
| Net margin | -18.51% | -427.94% | -30.02% | -28.54% | 8.57% | 37.26% | 38.93% | 41.94% |
| EPS 2 | -0.1000 | -2.120 | -0.1400 | -0.1300 | 0.0400 | 0.1678 | 0.1669 | 0.1718 |
| Free Cash Flow 1 | 1,954 | 1,076 | 1,468 | 1,258 | - | 2,274 | 2,168 | 2,065 |
| FCF margin | 63.43% | 36.83% | 53% | 47.94% | - | 90.31% | 87.58% | 82.92% |
| FCF Conversion (EBITDA) | 90.5% | 52.74% | 76.96% | 71.61% | - | 139.89% | 136.59% | 129.23% |
| FCF Conversion (Net income) | - | - | - | - | - | 242.4% | 224.94% | 197.7% |
| Dividend per Share 2 | 0.2666 | 0.2500 | 0.2279 | 0.1956 | - | 0.1534 | 0.1503 | 0.1541 |
| Announcement Date | 2/18/20 | 2/18/21 | 2/21/22 | 2/24/23 | 2/21/24 | - | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,528 | 1,488 | 1,432 | 1,397 | 1,372 | 1,331 | 1,295 | 1,300 | 1,276 |
| EBITDA | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | - | - | 983.9 | 923.2 | 900.4 | 856.9 | 862.5 | 825.4 |
| Operating Margin | - | - | - | 70.41% | 67.3% | 67.66% | 66.2% | 66.37% | 64.68% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - |
| EPS 2 | -0.6400 | -1.440 | -0.6800 | -0.1900 | 0.0500 | 0.0100 | -0.1400 | 0.0100 | 0.0300 |
| Dividend per Share | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/18/20 | 8/20/20 | 2/18/21 | 8/10/21 | 2/21/22 | 8/19/22 | 2/24/23 | 8/18/23 | 2/21/24 |
1HKD in Million2HKD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 13,206 | 14,755 | 13,660 | 13,851 | - | 13,572 | 13,352 | 13,281 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 6.116 x | 7.235 x | 7.163 x | 7.882 x | - | 8.349 x | 8.412 x | 8.311 x |
| Free Cash Flow 1 | 1,954 | 1,076 | 1,468 | 1,258 | - | 2,274 | 2,168 | 2,065 |
| ROE (net income / shareholders' equity) | 2.16% | 2.33% | 2.65% | 2.18% | - | 2.05% | 2.02% | 2.1% |
| ROA (Net income/ Total Assets) | 1.69% | 1.74% | 1.9% | 1.58% | - | 1.45% | 1.4% | 1.62% |
| Assets 1 | -33,747 | -719,091 | -43,814 | -47,576 | - | 64,848 | 68,679 | 64,676 |
| Book Value Per Share 2 | 11.00 | 8.610 | 8.250 | 7.910 | - | 7.740 | 7.730 | 7.790 |
| Cash Flow per Share 2 | 0.3400 | 0.1800 | 0.2500 | 0.2100 | - | 0.1700 | 0.2000 | 0.2000 |
| Capex 1 | 37.4 | - | 27.4 | 8.23 | - | 34 | 33.9 | 34.1 |
| Capex / Sales | 1.21% | - | 0.99% | 0.31% | - | 1.35% | 1.37% | 1.37% |
| Announcement Date | 2/18/20 | 2/18/21 | 2/21/22 | 2/24/23 | 2/21/24 | - | - | - |
1HKD in Million2HKD
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
B-
Sell
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
6
Last Close Price
1.78
HKD
Average target price
1.945
HKD
Spread / Average Target
+9.27%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -27.35% | 1.37B | |
| -10.57% | 9.66B | |
| -1.80% | 6.49B | |
| -7.55% | 5.05B | |
| -8.39% | 4.84B | |
| -1.18% | 4.16B | |
| +6.87% | 4B | |
| -13.55% | 3.99B | |
| +17.33% | 3.39B | |
| -11.15% | 3.32B |
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- Financials Champion Real Estate Investment Trust
