Financials Dexin China Holdings Company Limited

Equities

2019

KYG2751H1020

Real Estate Development & Operations

Delayed Hong Kong S.E. 02:47:43 06/05/2024 BST 5-day change 1st Jan Change
0.064 HKD -4.48% Intraday chart for Dexin China Holdings Company Limited +12.31% -29.81%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023
Capitalization 1 7,677 6,730 5,877 1,993 280.7
Enterprise Value (EV) 1 14,449 20,467 20,392 18,242 13,794
P/E ratio 4.76 x 5.64 x 6.24 x 4.89 x -0.13 x
Yield 6.33% 4.42% 4.02% - -
Capitalization / Revenue 0.81 x 0.43 x 0.25 x 0.09 x 0.01 x
EV / Revenue 1.52 x 1.31 x 0.88 x 0.82 x 0.56 x
EV / EBITDA 7.21 x 6.93 x 5.76 x 19.7 x -109 x
EV / FCF -5.9 x -2.33 x -8.54 x -77.8 x 1.53 x
FCF Yield -17% -42.9% -11.7% -1.29% 65.3%
Price to Book 1.53 x 1.15 x 0.97 x 0.3 x 0.06 x
Nbr of stocks (in thousands) 2,701,341 2,701,341 2,701,341 2,969,341 2,969,341
Reference price 2 2.842 2.491 2.176 0.6712 0.0945
Announcement Date 28/04/20 27/04/21 15/05/22 27/04/23 25/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 8,212 9,513 15,669 23,109 22,145 24,510
EBITDA 1 2,432 2,003 2,952 3,540 926.3 -126.7
EBIT 1 2,420 1,992 2,937 3,517 890.5 -178.2
Operating Margin 29.46% 20.94% 18.74% 15.22% 4.02% -0.73%
Earnings before Tax (EBT) 1 2,867 2,981 3,105 3,614 1,162 -1,311
Net income 1 1,453 1,557 1,193 941.5 373.7 -2,189
Net margin 17.7% 16.36% 7.61% 4.07% 1.69% -8.93%
EPS 2 0.7144 0.5975 0.4414 0.3485 0.1372 -0.7372
Free Cash Flow 1 -744.8 -2,450 -8,791 -2,389 -234.5 9,013
FCF margin -9.07% -25.76% -56.1% -10.34% -1.06% 36.77%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - 0.1800 0.1100 0.0875 - -
Announcement Date 29/04/19 28/04/20 27/04/21 15/05/22 27/04/23 25/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 7,780 6,772 13,737 14,515 16,249 13,513
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 3.199 x 3.381 x 4.653 x 4.1 x 17.54 x -106.7 x
Free Cash Flow 1 -745 -2,450 -8,791 -2,389 -235 9,013
ROE (net income / shareholders' equity) 40.7% 25.6% 16.5% 12.3% 0.77% -12.2%
ROA (Net income/ Total Assets) 3.56% 2.13% 2.24% 2.06% 0.49% -0.12%
Assets 1 40,862 73,079 53,241 45,682 76,144 1,833,265
Book Value Per Share 2 1.180 1.860 2.160 2.250 2.210 1.470
Cash Flow per Share 2 3.570 3.540 5.450 5.960 2.460 1.550
Capex 1 54.4 111 204 494 72.4 38.1
Capex / Sales 0.66% 1.17% 1.3% 2.14% 0.33% 0.16%
Announcement Date 29/04/19 28/04/20 27/04/21 15/05/22 27/04/23 25/04/24
1CNY in Million2CNY
Estimates
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