Financials Redsun Properties Group Limited

Equities

1996

KYG7459A1013

Real Estate Development & Operations

Market Closed - Hong Kong S.E. 04:08:06 2024-04-30 am EDT 5-day change 1st Jan Change
0.06 HKD -3.23% Intraday chart for Redsun Properties Group Limited +36.36% -29.41%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 8,396 7,655 7,550 5,958 1,474 258
Enterprise Value (EV) 1 23,698 27,571 27,961 26,958 22,362 19,857
P/E ratio 3.83 x 5.24 x 4.54 x 4.82 x -0.38 x -0.04 x
Yield 3.72% 4.81% 5.37% - - -
Capitalization / Revenue 0.91 x 0.5 x 0.37 x 0.22 x 0.07 x 0.01 x
EV / Revenue 2.57 x 1.82 x 1.39 x 1.01 x 1.12 x 1 x
EV / EBITDA 12.3 x 12.8 x 10.5 x 8.29 x 63.8 x -13.3 x
EV / FCF -2.15 x -95.4 x -9.6 x 55.5 x 5.97 x 6.06 x
FCF Yield -46.6% -1.05% -10.4% 1.8% 16.8% 16.5%
Price to Book 0.66 x 0.55 x 0.5 x 0.38 x 0.12 x 0.06 x
Nbr of stocks (in thousands) 3,320,000 3,320,000 3,322,431 3,338,635 3,338,898 3,338,898
Reference price 2 2.529 2.306 2.272 1.784 0.4416 0.0773
Announcement Date 4/18/19 4/20/20 4/26/21 4/26/22 4/26/23 4/24/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 9,239 15,170 20,159 26,667 20,013 19,795
EBITDA 1 1,934 2,150 2,657 3,253 350.5 -1,496
EBIT 1 1,859 2,072 2,589 3,180 284 -1,540
Operating Margin 20.12% 13.66% 12.85% 11.93% 1.42% -7.78%
Earnings before Tax (EBT) 1 2,175 2,735 3,159 3,125 -3,336 -6,943
Net income 1 1,412 1,468 1,661 1,246 -3,882 -7,215
Net margin 15.29% 9.67% 8.24% 4.67% -19.39% -36.45%
EPS 2 0.6600 0.4400 0.5000 0.3700 -1.163 -2.161
Free Cash Flow 1 -11,036 -288.9 -2,911 485.8 3,748 3,277
FCF margin -119.46% -1.9% -14.44% 1.82% 18.73% 16.55%
FCF Conversion (EBITDA) - - - 14.93% 1,069.4% -
FCF Conversion (Net income) - - - 38.99% - -
Dividend per Share 2 0.0940 0.1110 0.1220 - - -
Announcement Date 4/18/19 4/20/20 4/26/21 4/26/22 4/26/23 4/24/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 S1
Net sales 1 12,609
EBITDA -
EBIT -
Operating Margin -
Earnings before Tax (EBT) -
Net income 1 -691
Net margin -5.48%
EPS -
Dividend per Share -
Announcement Date 8/30/22
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 15,302 19,916 20,411 21,001 20,887 19,599
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 7.912 x 9.261 x 7.681 x 6.456 x 59.6 x -13.1 x
Free Cash Flow 1 -11,036 -289 -2,911 486 3,748 3,277
ROE (net income / shareholders' equity) 11.9% 10.3% 8.16% 6.31% -14.2% -40.1%
ROA (Net income/ Total Assets) 2.13% 1.59% 1.51% 1.58% 0.15% -1.09%
Assets 1 66,394 92,561 110,042 78,911 -2,563,752 662,003
Book Value Per Share 2 3.820 4.180 4.570 4.720 3.570 1.400
Cash Flow per Share 2 1.880 2.620 3.730 4.160 1.460 0.8200
Capex 1 316 99.4 98 21.6 24 28.2
Capex / Sales 3.43% 0.66% 0.49% 0.08% 0.12% 0.14%
Announcement Date 4/18/19 4/20/20 4/26/21 4/26/22 4/26/23 4/24/24
1CNY in Million2CNY
Estimates
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