SHENZHEN PROPERTIES & RESOURCES DEVELOPMENT (GROUP) LTD. Financials Shenzhen Properties & Resources Development (Group) Ltd.
Equities
000011
CNE000000248
Real Estate Development & Operations
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8.61 CNY | +2.50% |
|
+2.38% | -2.82% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 5,137 | 5,284 | 6,734 | 6,497 | 6,475 | 4,922 |
| Enterprise Value (EV) 1 | 1,748 | 4,184 | 6,153 | 8,017 | 8,874 | 7,307 |
| P/E ratio | 9.23 x | 6.86 x | 9.08 x | 6.92 x | 12.8 x | 11.4 x |
| Yield | 3.27% | 3.83% | 3.37% | 5.83% | 3.11% | 3.52% |
| Capitalization / Revenue | 1.84 x | 1.33 x | 1.64 x | 1.45 x | 1.75 x | 1.66 x |
| EV / Revenue | 0.63 x | 1.06 x | 1.5 x | 1.78 x | 2.39 x | 2.46 x |
| EV / EBITDA | 2.35 x | 3.53 x | 5.23 x | 5.98 x | 12.7 x | 77.7 x |
| EV / FCF | 1.49 x | -2.39 x | -43.7 x | -5.02 x | -23.5 x | -19.7 x |
| FCF Yield | 67.1% | -41.9% | -2.29% | -19.9% | -4.25% | -5.07% |
| Price to Book | 1.64 x | 1.78 x | 1.95 x | 1.55 x | 1.57 x | 1.13 x |
| Nbr of stocks (in thousands) | 595,979 | 595,979 | 595,979 | 595,979 | 595,979 | 595,979 |
| Reference price 2 | 9.180 | 9.410 | 12.17 | 11.66 | 11.59 | 8.860 |
| Announcement Date | 3/29/19 | 3/17/20 | 3/30/21 | 3/29/22 | 3/24/23 | 3/29/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 2,787 | 3,962 | 4,104 | 4,492 | 3,709 | 2,965 |
| EBITDA 1 | 744.1 | 1,184 | 1,177 | 1,342 | 698.7 | 93.98 |
| EBIT 1 | 716.4 | 1,135 | 1,132 | 1,289 | 609.1 | 38.7 |
| Operating Margin | 25.7% | 28.65% | 27.57% | 28.71% | 16.42% | 1.31% |
| Earnings before Tax (EBT) 1 | 777.5 | 1,005 | 1,034 | 1,314 | 750.7 | 707.5 |
| Net income 1 | 592.7 | 817.8 | 798.6 | 1,004 | 537.7 | 464 |
| Net margin | 21.27% | 20.64% | 19.46% | 22.35% | 14.5% | 15.65% |
| EPS 2 | 0.9945 | 1.372 | 1.340 | 1.685 | 0.9022 | 0.7786 |
| Free Cash Flow 1 | 1,174 | -1,754 | -140.7 | -1,598 | -377.1 | -370.5 |
| FCF margin | 42.1% | -44.27% | -3.43% | -35.57% | -10.17% | -12.5% |
| FCF Conversion (EBITDA) | 157.71% | - | - | - | - | - |
| FCF Conversion (Net income) | 197.99% | - | - | - | - | - |
| Dividend per Share 2 | 0.3000 | 0.3600 | 0.4100 | 0.6800 | 0.3610 | 0.3120 |
| Announcement Date | 3/29/19 | 3/17/20 | 3/30/21 | 3/29/22 | 3/24/23 | 3/29/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | 1,520 | 2,398 | 2,385 |
| Net Cash position 1 | 3,388 | 1,100 | 582 | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | 1.133 x | 3.432 x | 25.38 x |
| Free Cash Flow 1 | 1,174 | -1,754 | -141 | -1,598 | -377 | -371 |
| ROE (net income / shareholders' equity) | 18.9% | 20.8% | 20.8% | 23.7% | 11.6% | 9.81% |
| ROA (Net income/ Total Assets) | 7.99% | 7.97% | 6.16% | 6.02% | 2.49% | 0.15% |
| Assets 1 | 7,423 | 10,259 | 12,974 | 16,687 | 21,636 | 314,800 |
| Book Value Per Share 2 | 5.600 | 5.280 | 6.260 | 7.530 | 7.400 | 7.820 |
| Cash Flow per Share 2 | 5.690 | 5.530 | 7.060 | 3.640 | 2.550 | 4.610 |
| Capex 1 | 17.2 | 62.2 | 48.5 | 22.6 | 17.7 | 7.64 |
| Capex / Sales | 0.62% | 1.57% | 1.18% | 0.5% | 0.48% | 0.26% |
| Announcement Date | 3/29/19 | 3/17/20 | 3/30/21 | 3/29/22 | 3/24/23 | 3/29/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -2.82% | 663M | |
| +10.71% | 29.29B | |
| +28.05% | 28.36B | |
| -8.23% | 25.5B | |
| +13.69% | 24.47B | |
| +44.21% | 23.83B | |
| +10.17% | 21.57B | |
| +1.39% | 19.32B | |
| +27.99% | 16.73B | |
| -1.82% | 15.96B |
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- Financials Shenzhen Properties & Resources Development (Group) Ltd.
