Financials Jiangsu Phoenix Property Investment Company Limited

Equities

600716

CNE000000L32

Real Estate Development & Operations

End-of-day quote Shanghai S.E. 06:00:00 2024-05-05 pm EDT 5-day change 1st Jan Change
3.06 CNY +0.33% Intraday chart for Jiangsu Phoenix Property Investment Company Limited -2.55% -16.85%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,995 3,903 3,847 3,810 3,660 3,445
Enterprise Value (EV) 1 2,870 2,768 1,817 2,338 4,820 4,607
P/E ratio 5.31 x 46 x 66.9 x 108 x -9.35 x 449 x
Yield 3.13% 2.4% 0.73% - - -
Capitalization / Revenue 2.86 x 3 x 4.3 x 8.64 x 6.02 x 5.33 x
EV / Revenue 2.74 x 2.13 x 2.03 x 5.3 x 7.93 x 7.13 x
EV / EBITDA 28.8 x 16.6 x 30.2 x 46.2 x -16.1 x 80.9 x
EV / FCF 3.37 x 4 x 56.9 x -2.95 x -1.95 x -3.23 x
FCF Yield 29.6% 25% 1.76% -33.9% -51.2% -31%
Price to Book 0.63 x 0.68 x 0.67 x 0.66 x 0.71 x 0.67 x
Nbr of stocks (in thousands) 936,061 936,061 936,061 936,061 936,061 936,061
Reference price 2 3.200 4.170 4.110 4.070 3.910 3.680
Announcement Date 3/27/19 4/27/20 3/25/21 4/22/22 3/29/23 3/29/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,047 1,302 894.1 441 607.6 646.6
EBITDA 1 99.8 166.6 60.13 50.62 -298.6 56.97
EBIT 1 86.01 136.9 34.22 31.4 -318.2 35.73
Operating Margin 8.22% 10.52% 3.83% 7.12% -52.37% 5.53%
Earnings before Tax (EBT) 1 1,103 131.2 103.2 45.42 -365.6 32.52
Net income 1 564.2 84.88 57.51 35.3 -391.4 7.672
Net margin 53.89% 6.52% 6.43% 8% -64.41% 1.19%
EPS 2 0.6027 0.0907 0.0614 0.0377 -0.4181 0.008200
Free Cash Flow 1 850.7 692.2 31.95 -793.2 -2,468 -1,427
FCF margin 81.25% 53.18% 3.57% -179.84% -406.14% -220.69%
FCF Conversion (EBITDA) 852.33% 415.38% 53.14% - - -
FCF Conversion (Net income) 150.78% 815.52% 55.56% - - -
Dividend per Share 2 0.1000 0.1000 0.0300 - - -
Announcement Date 3/27/19 4/27/20 3/25/21 4/22/22 3/29/23 3/29/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - 1,160 1,162
Net Cash position 1 125 1,136 2,031 1,472 - -
Leverage (Debt/EBITDA) - - - - -3.884 x 20.4 x
Free Cash Flow 1 851 692 32 -793 -2,468 -1,427
ROE (net income / shareholders' equity) 18.8% 1.55% 0.95% 0.59% -7.19% 0.15%
ROA (Net income/ Total Assets) 0.58% 0.91% 0.25% 0.24% -2.49% 0.28%
Assets 1 96,556 9,352 23,437 14,924 15,747 2,756
Book Value Per Share 2 5.100 6.130 6.120 6.160 5.470 5.480
Cash Flow per Share 2 3.000 1.520 2.760 1.980 1.050 1.130
Capex 1 2.21 0.19 0.15 1.12 0.29 0.99
Capex / Sales 0.21% 0.01% 0.02% 0.25% 0.05% 0.15%
Announcement Date 3/27/19 4/27/20 3/25/21 4/22/22 3/29/23 3/29/24
1CNY in Million2CNY
Estimates
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