Financials Greentown Management Holdings Company Limited

Equities

9979

KYG4102M1033

Construction & Engineering

Delayed Hong Kong S.E. 03:45:02 08/05/2024 BST 5-day change 1st Jan Change
6.85 HKD -2.14% Intraday chart for Greentown Management Holdings Company Limited 0.00% +27.56%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Capitalization 1 5,488 8,519 10,651 12,982 12,982 -
Enterprise Value (EV) 1 5,488 6,322 8,565 9,810 10,581 10,014
P/E ratio 12.5 x 15 x 13.9 x 9.96 x 10.4 x 8.38 x
Yield 6.07% 4.6% 5.66% 5.76% 7.53% 9.15%
Capitalization / Revenue 3.03 x 3.8 x 4.01 x 2.97 x 3.17 x 2.58 x
EV / Revenue 3.03 x 2.82 x 3.22 x 2.97 x 2.59 x 1.99 x
EV / EBITDA 11.1 x 9.02 x 9.09 x 8.01 x 7.08 x 5.43 x
EV / FCF 6.17 x -215 x - 11 x 8.18 x 5.85 x
FCF Yield 16.2% -0.47% - 9.12% 12.2% 17.1%
Price to Book 1.78 x 2.55 x 2.85 x 3.4 x 3.07 x 2.73 x
Nbr of stocks (in thousands) 1,957,976 1,957,976 2,010,000 2,010,000 2,010,000 -
Reference price 2 2.803 4.351 5.299 6.459 6.459 6.459
Announcement Date 22/03/21 22/03/22 17/03/23 21/03/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 1,994 1,813 2,243 2,656 3,302 4,091 5,031
EBITDA 1 - 493.8 701.1 942.4 1,224 1,495 1,844
EBIT 1 - 470.2 676.1 873.5 1,140 1,420 1,765
Operating Margin - 25.94% 30.14% 32.89% 34.51% 34.71% 35.08%
Earnings before Tax (EBT) 1 - 524.9 722.2 924.6 1,177 1,507 1,875
Net income 1 - 439.3 565.2 744.5 973.6 1,236 1,543
Net margin - 24.23% 25.2% 28.03% 29.48% 30.22% 30.67%
EPS 2 0.2300 0.2244 0.2900 0.3800 0.4900 0.6184 0.7710
Free Cash Flow 1 - 889.2 -29.41 - 977 1,293 1,712
FCF margin - 49.05% -1.31% - 29.39% 31.6% 34.03%
FCF Conversion (EBITDA) - 180.07% - - 83.65% 86.48% 92.84%
FCF Conversion (Net income) - 202.4% - - 102.03% 104.59% 110.97%
Dividend per Share 2 - 0.1700 0.2000 0.3000 0.3720 0.4866 0.5910
Announcement Date 28/06/20 22/03/21 22/03/22 17/03/23 21/03/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 S1
Net sales 1 1,259
EBITDA -
EBIT -
Operating Margin -
Earnings before Tax (EBT) 1 466.8
Net income 1 360.8
Net margin 28.67%
EPS -
Dividend per Share -
Announcement Date 27/07/22
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - - - - -
Net Cash position 1 - - 2,197 2,086 2,273 2,401 2,968
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - 889 -29.4 - 977 1,293 1,712
ROE (net income / shareholders' equity) - 18.8% 17.6% 21% 25.1% 29.4% 33.7%
ROA (Net income/ Total Assets) - 10.3% 11.3% 13.1% 13.9% 16.9% 18.4%
Assets 1 - 4,254 4,996 5,703 6,877 7,323 8,371
Book Value Per Share 2 - 1.570 1.710 1.860 1.900 2.110 2.360
Cash Flow per Share 2 - 0.5400 0.2900 0.3700 0.2900 0.5100 0.7900
Capex 1 - 14.1 20.7 27.6 36.2 31.7 51
Capex / Sales - 0.78% 0.92% 1.04% 1.09% 0.77% 1.01%
Announcement Date 28/06/20 22/03/21 22/03/22 17/03/23 21/03/24 - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
6.459 CNY
Average target price
7.78 CNY
Spread / Average Target
+20.46%
Consensus

Annual profits - Rate of surprise

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