FINANCIAL STREET HOLDINGS CO., LTD. Financials Financial Street Holdings Co., Ltd.
Equities
000402
CNE000000KT5
Real Estate Development & Operations
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.06 CNY | 0.00% |
|
-0.97% | -15.70% |
| Apr. 29 | Financial Street Holdings Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Apr. 25 | British commodities platform Marex prices US IPO at $1.35 bln valuation | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 24,270 | 19,279 | 16,917 | 15,692 | 10,850 | 9,146 | - | - |
| Enterprise Value (EV) 1 | 97,894 | 87,908 | 79,243 | 77,361 | 69,273 | 63,408 | 62,936 | 9,146 |
| P/E ratio | 7.06 x | 7.68 x | 10.3 x | 18.8 x | -5.58 x | -5.37 x | -55.6 x | 11.8 x |
| Yield | 3.69% | 4.65% | 5.3% | 0.29% | - | 0.49% | 0.49% | - |
| Capitalization / Revenue | 0.93 x | 1.06 x | 0.7 x | 0.77 x | 0.86 x | 0.42 x | 0.56 x | 0.58 x |
| EV / Revenue | 3.74 x | 4.85 x | 3.28 x | 3.77 x | 5.51 x | 2.9 x | 3.84 x | 0.58 x |
| EV / EBITDA | 16.6 x | 25.2 x | 28.2 x | 71.6 x | -28.4 x | -45.9 x | 44.1 x | 4.86 x |
| EV / FCF | 38,156,459 x | 8,936,102 x | - | - | - | - | - | - |
| FCF Yield | 0% | 0% | - | - | - | - | - | - |
| Price to Book | 0.7 x | 0.53 x | 0.46 x | 0.41 x | 0.3 x | 0.25 x | 0.25 x | 0.27 x |
| Nbr of stocks (in thousands) | 2,988,930 | 2,988,930 | 2,988,930 | 2,988,930 | 2,988,930 | 2,988,930 | - | - |
| Reference price 2 | 8.120 | 6.450 | 5.660 | 5.250 | 3.630 | 3.060 | 3.060 | 3.060 |
| Announcement Date | 4/14/20 | 3/30/21 | 3/30/22 | 4/28/23 | 4/11/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 26,184 | 18,121 | 24,155 | 20,506 | 12,571 | 16,096 | 14,669 | 15,890 |
| EBITDA 1 | 5,890 | 3,490 | 2,811 | 1,081 | -2,441 | -1,381 | 143.8 | 1,883 |
| EBIT 1 | 5,756 | 3,356 | 2,673 | 959 | -2,558 | -2,289 | -777.6 | 1,054 |
| Operating Margin | 21.98% | 18.52% | 11.07% | 4.68% | -20.35% | -14.22% | -5.3% | 6.63% |
| Earnings before Tax (EBT) 1 | 5,717 | 3,461 | 2,699 | 1,087 | -2,577 | -2,245 | -726.8 | 1,079 |
| Net income 1 | 3,442 | 2,498 | 1,643 | 846.4 | -1,946 | -1,697 | -536.3 | 776.7 |
| Net margin | 13.14% | 13.79% | 6.8% | 4.13% | -15.48% | -10.54% | -3.66% | 4.89% |
| EPS 2 | 1.150 | 0.8400 | 0.5500 | 0.2800 | -0.6500 | -0.5700 | -0.0550 | 0.2600 |
| Free Cash Flow | 2,566 | 9,837 | - | - | - | - | - | - |
| FCF margin | 9.8% | 54.29% | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | 43.56% | 281.85% | - | - | - | - | - | - |
| FCF Conversion (Net income) | 74.54% | 393.74% | - | - | - | - | - | - |
| Dividend per Share 2 | 0.3000 | 0.3000 | 0.3000 | 0.0150 | - | 0.0100 | - | - |
| Announcement Date | 4/14/20 | 3/30/21 | 3/30/22 | 4/28/23 | 4/11/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 14,489 | 4,700 | 5,904 | 4,906 | 4,996 | 2,835 | 2,780 | 2,585 | 4,370 | 6,148 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | 961.6 | 1,268 | 226.8 | 246.1 | -781.4 | -245.5 | -654.4 | -781.7 | -876.1 | -164 |
| Operating Margin | - | 6.64% | 26.97% | 3.84% | 5.02% | -15.64% | -8.66% | -23.54% | -30.24% | -20.05% | -2.67% |
| Earnings before Tax (EBT) 1 | - | 966.7 | 1,280 | 311.6 | 261 | -766 | -244 | -650.6 | -773.2 | -909.7 | -158.6 |
| Net income 1 | 251.3 | 528.5 | 934.5 | 214.3 | 231.1 | -533.5 | -211.1 | -517.4 | -609.9 | -607.1 | -280.4 |
| Net margin | - | 3.65% | 19.88% | 3.63% | 4.71% | -10.68% | -7.45% | -18.61% | -23.59% | -13.89% | -4.56% |
| EPS 2 | - | 0.1800 | 0.3100 | 0.0700 | 0.0800 | -0.1800 | -0.0700 | -0.1700 | -0.2100 | -0.2000 | -0.0900 |
| Dividend per Share | - | 0.3000 | - | - | - | 0.0150 | - | - | - | - | - |
| Announcement Date | 8/28/20 | 3/30/22 | 4/27/22 | 8/19/22 | 10/27/22 | 4/28/23 | 4/28/23 | 8/30/23 | 10/30/23 | 4/11/24 | 4/29/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | 73,624 | 68,629 | 62,325 | 61,669 | 58,424 | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 12.5 x | 19.66 x | 22.18 x | 57.05 x | -23.93 x | - | - | - |
| Free Cash Flow | 2,566 | 9,837 | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 10.3% | 7.02% | 4.48% | 2.26% | -5.27% | -4.92% | -1.58% | 2.24% |
| ROA (Net income/ Total Assets) | 2.22% | 1.51% | 0.98% | - | - | 0.3% | - | - |
| Assets 1 | 155,259 | 165,569 | 167,003 | - | - | -565,667 | - | - |
| Book Value Per Share 2 | 11.60 | 12.20 | 12.40 | 12.70 | 12.00 | 12.20 | 11.30 | 11.50 |
| Cash Flow per Share 2 | 0.8900 | 3.310 | 1.300 | 1.880 | 2.030 | 2.270 | 0.9100 | 2.000 |
| Capex 1 | 94.7 | 52.5 | 27.1 | 105 | 56.2 | 687 | 724 | 731 |
| Capex / Sales | 0.36% | 0.29% | 0.11% | 0.51% | 0.45% | 4.27% | 4.93% | 4.6% |
| Announcement Date | 4/14/20 | 3/30/21 | 3/30/22 | 4/28/23 | 4/11/24 | - | - | - |
1CNY in Million2CNY
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
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
3.06
CNY
Average target price
4.257
CNY
Spread / Average Target
+39.11%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -15.70% | 1.27B | |
| +0.46% | 24.75B | |
| -28.11% | 11.34B | |
| +8.76% | 10.89B | |
| -23.14% | 7.7B | |
| -4.98% | 7.06B | |
| +6.00% | 6.66B | |
| +0.90% | 6.56B | |
| +16.16% | 3.71B | |
| -4.88% | 3.68B |
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