Financials Easyhome New Retail Group Corporation Limited

Equities

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-05-14 pm EDT			5-day change	1st Jan Change
2.97 ^CNY	+0.34%		-1.66%	-10.00%

May. 06	Keep's Largest Shareholder Cancels Proxy Voting Agreement	MT
Apr. 26	Easyhome New Retail Group Corporation Limited Proposes Final Cash Dividend for the Year 2023	CI

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	54,779	33,523	26,462	20,553	18,619	-	-
Enterprise Value (EV) ¹	54,779	33,523	26,462	20,553	18,619	18,619	18,619
P/E ratio	38.1 x	14.3 x	16.4 x	15.7 x	13.8 x	10.5 x	11.8 x
Yield	-	-	-	-	1.85%	3.62%	2.02%
Capitalization / Revenue	6.09 x	2.56 x	2.04 x	1.52 x	1.25 x	1.12 x	1.06 x
EV / Revenue	6.09 x	2.56 x	2.04 x	1.52 x	1.25 x	1.12 x	1.06 x
EV / EBITDA	-	8.71 x	4.36 x	-	4.31 x	3.85 x	4.02 x
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	-	1.74 x	1.34 x	-	0.9 x	0.84 x	0.82 x
Nbr of stocks (in thousands)	6,529,037	6,496,757	6,469,828	6,228,079	6,269,091	-	-
Reference price ²	8.390	5.160	4.090	3.300	2.970	2.970	2.970
Announcement Date	4/14/21	4/21/22	4/27/23	4/25/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	8,993	13,071	12,981	13,512	14,895	16,626	17,502
EBITDA ¹	-	3,848	6,072	-	4,324	4,841	4,629
EBIT ¹	-	3,266	2,502	2,019	1,934	2,528	2,277
Operating Margin	-	24.98%	19.28%	14.94%	12.99%	15.2%	13.01%
Earnings before Tax (EBT) ¹	-	3,197	2,472	1,918	1,897	2,497	2,226
Net income ¹	1,363	2,325	1,648	1,300	1,354	1,769	1,579
Net margin	15.15%	17.79%	12.7%	9.62%	9.09%	10.64%	9.02%
EPS ²	0.2200	0.3600	0.2500	0.2100	0.2160	0.2822	0.2525
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	-	-	-	-	0.0550	0.1075	0.0600
Announcement Date	4/14/21	4/21/22	4/27/23	4/25/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	7.71%	11.9%	8.34%	-	6.52%	8%	6.96%
ROA (Net income/ Total Assets)	-	-	3.09%	-	2.43%	2.94%	2.6%
Assets ¹	-	-	53,387	-	55,656	60,169	60,725
Book Value Per Share ²	-	2.970	3.060	-	3.300	3.540	3.600
Cash Flow per Share ²	-	0.8800	0.5900	-	0.7000	0.6500	0.7300
Capex ¹	-	1,333	951	-	842	665	578
Capex / Sales	-	10.2%	7.33%	-	5.65%	4%	3.3%
Announcement Date	4/14/21	4/21/22	4/27/23	4/25/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2.97 CNY

Average target price

3.97 CNY

Spread / Average Target

+33.67%

	1st Jan change	Capi.
EASYHOME NEW RETAIL GROUP CORPORATION LIMITED	-10.00%	2.57B
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AEON MALL CO., LTD.	+0.99%	2.65B
ATRIUM LJUNGBERG AB	-9.17%	2.42B
ALLOS S.A.	-16.80%	2.3B
OLAV THON EIENDOMSSELSKAP ASA	+21.18%	2.12B