CHEN XING DEVELOPMENT HOLDINGS LIMITED Financials Chen Xing Development Holdings Limited
Equities
2286
KYG2087W1042
Real Estate Development & Operations
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.219 HKD | -18.89% |
|
-18.89% | -35.59% |
| Mar. 27 | Chen Xing Development Holdings Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Mar. 08 | Chen Xing Development to Swing to Loss | MT |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 676.1 | 1,292 | 742.3 | 733.3 | 423.9 | 185.4 |
| Enterprise Value (EV) 1 | -397.9 | 2,654 | 2,418 | 3,163 | 3,074 | 2,989 |
| P/E ratio | 5.41 x | 11.9 x | 3.59 x | 9.32 x | 40.6 x | -1.22 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 0.64 x | 0.99 x | 0.61 x | 0.47 x | 0.35 x | 0.62 x |
| EV / Revenue | -0.37 x | 2.03 x | 2 x | 2.02 x | 2.57 x | 9.95 x |
| EV / EBITDA | -1.8 x | 13.6 x | 6.79 x | 9.08 x | 11.9 x | -30.2 x |
| EV / FCF | -1.16 x | -1.16 x | -3.24 x | -3.98 x | 24.7 x | -10.5 x |
| FCF Yield | -86.5% | -86% | -30.8% | -25.1% | 4.05% | -9.55% |
| Price to Book | 0.63 x | 1.04 x | 0.51 x | 0.48 x | 0.28 x | 0.13 x |
| Nbr of stocks (in thousands) | 500,000 | 600,000 | 600,000 | 600,000 | 600,000 | 600,000 |
| Reference price 2 | 1.352 | 2.154 | 1.237 | 1.222 | 0.7065 | 0.3090 |
| Announcement Date | 4/29/19 | 4/23/20 | 4/27/21 | 4/28/22 | 4/28/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,065 | 1,307 | 1,208 | 1,569 | 1,196 | 300.4 |
| EBITDA 1 | 221 | 195.1 | 356.1 | 348.3 | 259.4 | -98.84 |
| EBIT 1 | 211.6 | 184.8 | 345.1 | 336.4 | 249 | -105.7 |
| Operating Margin | 19.87% | 14.14% | 28.58% | 21.44% | 20.82% | -35.2% |
| Earnings before Tax (EBT) 1 | 226.7 | 203.7 | 413.4 | 286.2 | 110.6 | -184.1 |
| Net income 1 | 124.9 | 106 | 206.7 | 78.72 | 10.44 | -151.8 |
| Net margin | 11.73% | 8.11% | 17.12% | 5.02% | 0.87% | -50.55% |
| EPS 2 | 0.2498 | 0.1814 | 0.3446 | 0.1312 | 0.0174 | -0.2531 |
| Free Cash Flow 1 | 344.1 | -2,282 | -745.4 | -794.2 | 124.4 | -285.4 |
| FCF margin | 32.32% | -174.56% | -61.73% | -50.63% | 10.4% | -95.01% |
| FCF Conversion (EBITDA) | 155.71% | - | - | - | 47.96% | - |
| FCF Conversion (Net income) | 275.49% | - | - | - | 1,191.11% | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 4/29/19 | 4/23/20 | 4/27/21 | 4/28/22 | 4/28/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | 1,362 | 1,676 | 2,430 | 2,650 | 2,803 |
| Net Cash position 1 | 1,074 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 6.981 x | 4.706 x | 6.977 x | 10.22 x | -28.36 x |
| Free Cash Flow 1 | 344 | -2,282 | -745 | -794 | 124 | -285 |
| ROE (net income / shareholders' equity) | 11.4% | 8.94% | 15.8% | 6.83% | 2.93% | -8.59% |
| ROA (Net income/ Total Assets) | 1.66% | 1.08% | 1.72% | 1.66% | 1.23% | -0.51% |
| Assets 1 | 7,542 | 9,841 | 12,042 | 4,736 | 849.1 | 29,754 |
| Book Value Per Share 2 | 2.160 | 2.080 | 2.420 | 2.530 | 2.550 | 2.320 |
| Cash Flow per Share 2 | 2.890 | 1.850 | 0.8900 | 0.4000 | 0.5600 | 0.3400 |
| Capex 1 | 14.8 | 7.55 | 15.2 | 1.81 | 0.1 | 3.84 |
| Capex / Sales | 1.39% | 0.58% | 1.26% | 0.12% | 0.01% | 1.28% |
| Announcement Date | 4/29/19 | 4/23/20 | 4/27/21 | 4/28/22 | 4/28/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -35.59% | 20.73M | |
| -10.95% | 27.77B | |
| +9.82% | 27.05B | |
| +17.83% | 26.3B | |
| +49.74% | 23.85B | |
| +8.72% | 20.92B | |
| +1.01% | 19.13B | |
| +28.16% | 16.64B | |
| -12.37% | 15.27B | |
| +1.87% | 15.05B |
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