Financials Guangdong Land Holdings Limited

Equities

124

BMG4182K1009

Real Estate Development & Operations

Market Closed - Hong Kong S.E. 09:09:00 03/05/2024 BST 5-day change 1st Jan Change
0.305 HKD 0.00% Intraday chart for Guangdong Land Holdings Limited +5.17% -46.49%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,944 2,311 1,883 1,369 1,335 975.6
Enterprise Value (EV) 1 4,620 4,460 7,008 18,450 25,087 20,772
P/E ratio 13.1 x 6.77 x 1.12 x 0.98 x 3.4 x -0.4 x
Yield - - 1.39% 12.5% 14.1% 5.26%
Capitalization / Revenue 9.42 x 1.26 x 0.47 x 0.23 x 0.97 x 0.25 x
EV / Revenue 14.8 x 2.43 x 1.75 x 3.07 x 18.2 x 5.36 x
EV / EBITDA -195 x 34.9 x 8.23 x 7.02 x 4,760 x -7.86 x
EV / FCF -1.18 x 9.92 x -6.6 x -1.74 x -4.75 x 4.29 x
FCF Yield -85% 10.1% -15.1% -57.6% -21% 23.3%
Price to Book 0.65 x 0.49 x 0.28 x 0.16 x 0.17 x 0.19 x
Nbr of stocks (in thousands) 1,711,537 1,711,537 1,711,537 1,711,537 1,711,537 1,711,537
Reference price 2 1.720 1.350 1.100 0.8000 0.7800 0.5700
Announcement Date 24/04/19 23/04/20 21/04/21 27/04/22 26/04/23 24/04/24
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 312.4 1,837 4,000 6,006 1,378 3,877
EBITDA 1 -23.65 127.7 851.4 2,629 5.27 -2,642
EBIT 1 -30.04 113.7 833.3 2,624 0.295 -2,650
Operating Margin -9.61% 6.19% 20.83% 43.69% 0.02% -68.34%
Earnings before Tax (EBT) 1 273.5 634.8 2,756 2,946 669.8 -2,492
Net income 1 224.3 341.1 1,682 1,402 392.7 -2,445
Net margin 71.78% 18.57% 42.04% 23.35% 28.5% -63.05%
EPS 2 0.1310 0.1993 0.9827 0.8193 0.2294 -1.428
Free Cash Flow 1 -3,927 449.5 -1,061 -10,618 -5,277 4,840
FCF margin -1,257.06% 24.48% -26.53% -176.78% -383.04% 124.82%
FCF Conversion (EBITDA) - 352% - - - -
FCF Conversion (Net income) - 131.8% - - - -
Dividend per Share - - 0.0153 0.1000 0.1100 0.0300
Announcement Date 24/04/19 23/04/20 21/04/21 27/04/22 26/04/23 24/04/24
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,676 2,149 5,125 17,081 23,752 19,796
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) -70.88 x 16.83 x 6.019 x 6.496 x 4,507 x -7.493 x
Free Cash Flow 1 -3,927 450 -1,061 -10,618 -5,277 4,840
ROE (net income / shareholders' equity) 4.94% 7.33% 28.5% 16.9% 4.52% -35.2%
ROA (Net income/ Total Assets) -0.23% 0.63% 3.18% 4.88% 0% -3.38%
Assets 1 -95,757 54,026 52,826 28,718 130,896,000 72,231
Book Value Per Share 2 2.650 2.780 3.990 4.960 4.550 2.940
Cash Flow per Share 2 0.4900 0.5900 1.550 1.510 1.550 2.390
Capex 1 57.6 3.3 21.9 23.7 24.7 41.1
Capex / Sales 18.44% 0.18% 0.55% 0.39% 1.8% 1.06%
Announcement Date 24/04/19 23/04/20 21/04/21 27/04/22 26/04/23 24/04/24
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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