Financials Easyhome New Retail Group Corporation Limited

Equities

End-of-day quote Shenzhen S.E. Other stock markets 23:00:00 28/04/2024 BST			5-day change	1st Jan Change
3.05 ^CNY	0.00%		+4.81%	-7.58%

04-26	Easyhome New Retail Group Corporation Limited Proposes Final Cash Dividend for the Year 2023	CI
04-25	Easyhome New Retail Group Corporation Limited Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	54,779	33,523	26,462	20,553	19,121	-	-
Enterprise Value (EV) ¹	54,779	33,523	26,462	20,553	19,121	19,121	19,121
P/E ratio	38.1 x	14.3 x	16.4 x	15.7 x	10.7 x	9.49 x	11.3 x
Yield	-	-	-	-	3.83%	4.04%	-
Capitalization / Revenue	6.09 x	2.56 x	2.04 x	1.52 x	1.28 x	1.12 x	1.12 x
EV / Revenue	6.09 x	2.56 x	2.04 x	1.52 x	1.28 x	1.12 x	1.12 x
EV / EBITDA	-	8.71 x	4.36 x	-	4.55 x	3.56 x	3.71 x
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	-	1.74 x	1.34 x	-	0.91 x	0.85 x	0.84 x
Nbr of stocks (in thousands)	6,529,037	6,496,757	6,469,828	6,228,079	6,269,091	-	-
Reference price ²	8.390	5.160	4.090	3.300	3.050	3.050	3.050
Announcement Date	14/04/21	21/04/22	27/04/23	25/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	8,993	13,071	12,981	13,512	14,938	17,101	17,015
EBITDA ¹	-	3,848	6,072	-	4,203	5,367	5,151
EBIT ¹	-	3,266	2,502	2,019	2,544	2,858	2,471
Operating Margin	-	24.98%	19.28%	14.94%	17.03%	16.71%	14.52%
Earnings before Tax (EBT) ¹	-	3,197	2,472	1,918	2,510	2,826	2,369
Net income ¹	1,363	2,325	1,648	1,300	1,789	2,012	1,702
Net margin	15.15%	17.79%	12.7%	9.62%	11.98%	11.76%	10%
EPS ²	0.2200	0.3600	0.2500	0.2100	0.2850	0.3212	0.2700
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	-	-	-	-	0.1167	0.1233	-
Announcement Date	14/04/21	21/04/22	27/04/23	25/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	7.71%	11.9%	8.34%	-	8.39%	8.91%	7.39%
ROA (Net income/ Total Assets)	-	-	3.09%	-	2.6%	3.45%	-
Assets ¹	-	-	53,387	-	68,802	58,314	-
Book Value Per Share ²	-	2.970	3.060	-	3.340	3.580	3.630
Cash Flow per Share ²	-	0.8800	0.5900	-	0.6700	0.6800	1.010
Capex ¹	-	1,333	951	-	976	651	416
Capex / Sales	-	10.2%	7.33%	-	6.54%	3.81%	2.45%
Announcement Date	14/04/21	21/04/22	27/04/23	25/04/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

3.05 CNY

Average target price

4.22 CNY

Spread / Average Target

+38.36%

	1st Jan change	Capi.
EASYHOME NEW RETAIL GROUP CORPORATION LIMITED	-7.58%	2.64B
SCENTRE GROUP	+6.35%	10.72B
THE PHOENIX MILLS LIMITED	+40.55%	6.51B
ARABIAN CENTRES COMPANY	+18.86%	3.13B
PLAZA S.A.	+13.28%	2.93B
MULTIPLAN EMPREENDIMENTOS IMOBILIARIOS S.A.	-19.92%	2.72B
AEON MALL CO., LTD.	+1.78%	2.61B
ALLOS S.A.	-22.30%	2.33B
ATRIUM LJUNGBERG AB	-15.48%	2.25B
VINCOM RETAIL	-3.65%	2.02B