MIDEA REAL ESTATE HO

3990
End-of-day quote. End-of-day quote  - 01/24
13.06HKD +0.15%
Valuation
Fiscal Period: December 2020 2021
Capitalization1 17 93913 107
Enterprise Value (EV)2 58 17057 039
P/E ratio 4,14x2,66x
Yield 4,61%13,8%
Capitalization / Revenue 0,34x0,19x
EV / Revenue 1,11x0,82x
EV / EBITDA 8,90x7,26x
Price to Book 0,81x0,53x
Nbr of stocks (in thousands) 1 230 5671 234 362
Reference price (CNY) 14,610,6
Announcement Date 03/24/2021-
Previous period Next period
1 HKD in Million
2 CNY in Million
Estimates
Income Statement Evolution
Annual Income Statement Data
Fiscal Period: December 2020 2021
Net sales1 52 48469 515
EBITDA1 6 5377 852
Operating profit (EBIT)1 6 3298 042
Operating Margin 12,1%11,6%
Pre-Tax Profit (EBT)1 -9 040
Net income1 4 3264 862
Net margin 8,24%6,99%
EPS2 3,523,99
Dividend per Share2 0,671,47
Announcement Date 03/24/2021-
Previous period Next period
1 CNY in Million
2 CNY
Finances - Leverage
Fiscal Period: December 2020 2021
Net Debt1 40 23243 932
Net Cash position1 --
Leverage (Debt / EBITDA) 6,15x5,60x
Free Cash Flow1 -2 0811 148
ROE (Net Profit / Equities) 20,7%18,3%
Shareholders' equity1 20 85926 505
ROA (Net Profit / Asset) 1,62%1,69%
Assets1 266 734286 920
Book Value Per Share2 17,920,2
Cash Flow per Share2 -1,651,21
Capex1 47,6762
Capex / Sales 0,09%1,10%
Announcement Date 03/24/2021-
Previous period Next period
1 CNY in Million
2 CNY
Financial Ratios
Size 2021e 2022e
Capitalization 13 107 M CNY -
Enterprise Value (EV) 57 039 M CNY 60 027 M CNY
Valuation 2021e 2022e
P/E ratio (Price / EPS) 2,66x 2,34x
Capitalization / Revenue 0,19x 0,16x
EV / Revenue 0,82x 0,69x
EV / EBITDA 7,26x 6,34x
Yield (DPS / Price) 13,8% 15,5%
Price to book (Price / BVPS) 0,53x 0,46x
Profitability 2021e 2022e
Operating Margin (EBIT / Sales) 11,6% 11,7%
Operating Leverage (Delta EBIT / Delta Sales) 0,83x 1,06x
Net Margin (Net Profit / Revenue) 6,99% 6,58%
ROA (Net Profit / Asset) 1,69% 1,74%
ROE (Net Profit / Equities) 18,3% 17,8%
Rate of Dividend 36,8% 36,2%
Balance Sheet Analysis 2021e 2022e
CAPEX / Sales   1,10% 0,93%
Cash Flow / Sales 2,14% -0,62%
Capital Intensity (Assets / Sales) 4,13x 3,78x
Financial Leverage (Net Debt / EBITDA) 5,60x 5,21x
Price Earning Ratio
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
EPS & Dividend