GUANGZHOU R&F PROPERTIES CO., LTD. Financials Guangzhou R&F Properties Co., Ltd.
Equities
2777
CNE100000569
Real Estate Development & Operations
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.88 HKD | -1.12% |
|
-2.22% | -22.81% |
| 06-28 | SOHO China, Shimao, Nine Others Risk Expulsion from HKEX Stock Connect | MT |
| 06-14 | Guangzhou R&F Properties Logged 970 Million Yuan in May Contracted Sales | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 44,919 | 31,487 | 8,867 | 6,297 | 3,888 | 3,073 | - | - |
| Enterprise Value (EV) 1 | 219,356 | 166,093 | 135,785 | 120,654 | 125,450 | 100,881 | 81,758 | 67,701 |
| P/E ratio | 4.28 x | 3.32 x | -1 x | -0.4 x | -0.19 x | -0.59 x | -0.78 x | -0.96 x |
| Yield | 9.96% | 11.9% | 4.23% | - | - | - | - | - |
| Capitalization / Revenue | 0.49 x | 0.37 x | 0.12 x | 0.18 x | 0.11 x | 0.11 x | 0.12 x | 0.12 x |
| EV / Revenue | 2.42 x | 1.93 x | 1.78 x | 3.43 x | 3.46 x | 3.7 x | 3.23 x | 2.65 x |
| EV / EBITDA | 9.47 x | 8.28 x | -141 x | 204 x | -59 x | 12.5 x | 9.85 x | 7.94 x |
| EV / FCF | -8,531,961 x | 9,407,953 x | 11,373,547 x | -55,925,265 x | - | - | - | - |
| FCF Yield | -0% | 0% | 0% | -0% | - | - | - | - |
| Price to Book | 0.54 x | 0.33 x | 0.11 x | 0.12 x | 0.12 x | 0.11 x | 0.13 x | 0.14 x |
| Nbr of stocks (in thousands) | 3,495,367 | 3,752,367 | 3,752,367 | 3,752,367 | 3,752,367 | 3,752,367 | - | - |
| Reference price 2 | 12.85 | 8.391 | 2.363 | 1.678 | 1.036 | 0.8190 | 0.8190 | 0.8190 |
| Announcement Date | 26/03/20 | 25/03/21 | 31/03/22 | 31/03/23 | 28/03/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 90,814 | 85,892 | 76,401 | 35,193 | 36,239 | 27,300 | 25,343 | 25,511 |
| EBITDA 1 | 23,161 | 20,058 | -963.5 | 590.8 | -2,127 | 8,040 | 8,297 | 8,522 |
| EBIT 1 | 21,156 | 18,029 | -2,655 | -1,533 | -4,239 | 1,299 | 1,934 | 2,273 |
| Operating Margin | 23.3% | 20.99% | -3.47% | -4.36% | -11.7% | 4.76% | 7.63% | 8.91% |
| Earnings before Tax (EBT) 1 | 18,226 | 15,912 | -5,930 | -14,135 | -14,116 | 2,501 | 2,632 | 2,584 |
| Net income | 10,090 | 9,005 | -8,848 | -15,737 | - | - | - | - |
| Net margin | 11.11% | 10.48% | -11.58% | -44.72% | - | - | - | - |
| EPS 2 | 3.000 | 2.531 | -2.358 | -4.194 | -5.374 | -1.384 | -1.049 | -0.8532 |
| Free Cash Flow | -25,710 | 17,655 | 11,939 | -2,157 | - | - | - | - |
| FCF margin | -28.31% | 20.55% | 15.63% | -6.13% | - | - | - | - |
| FCF Conversion (EBITDA) | - | 88.02% | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | 196.06% | - | - | - | - | - | - |
| Dividend per Share 2 | 1.280 | 1.000 | 0.1000 | - | - | - | - | - |
| Announcement Date | 26/03/20 | 25/03/21 | 31/03/22 | 31/03/23 | 28/03/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 55,761 | 33,591 | 52,301 | 39,493 | 36,908 | 17,782 | 17,411 |
| EBITDA | - | - | - | - | - | - | - |
| EBIT 1 | - | - | - | 6,525 | -9,716 | -2,359 | -1,695 |
| Operating Margin | - | - | - | 16.52% | -26.32% | -13.26% | -9.73% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - |
| Dividend per Share | - | 0.3800 | - | 0.1000 | - | - | - |
| Announcement Date | 26/03/20 | 24/08/20 | 25/03/21 | 24/08/21 | 31/03/22 | 31/08/22 | 31/03/23 |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 174,437 | 134,606 | 126,919 | 114,358 | 121,562 | 97,808 | 78,684 | 64,628 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 7.532 x | 6.711 x | -131.7 x | 193.6 x | -57.16 x | 12.17 x | 9.483 x | 7.584 x |
| Free Cash Flow | -25,710 | 17,655 | 11,939 | -2,157 | - | - | - | - |
| ROE (net income / shareholders' equity) | 13.3% | 10.8% | -10.6% | -25.3% | -45.8% | -6.82% | -5.8% | -5.49% |
| ROA (Net income/ Total Assets) | 2.44% | 2.07% | -2.09% | -4.1% | - | - | - | - |
| Assets | 413,898 | 434,763 | 424,021 | 383,727 | - | - | - | - |
| Book Value Per Share 2 | 24.00 | 25.20 | 20.70 | 14.50 | 8.980 | 7.600 | 6.550 | 5.680 |
| Cash Flow per Share 2 | -7.490 | 5.150 | 3.040 | -0.3400 | -0.4200 | 7.800 | 5.680 | 4.190 |
| Capex 1 | 1,564 | 1,670 | 1,805 | 909 | 581 | 267 | 703 | 973 |
| Capex / Sales | 1.72% | 1.94% | 2.36% | 2.58% | 1.6% | 0.98% | 2.77% | 3.82% |
| Announcement Date | 26/03/20 | 25/03/21 | 31/03/22 | 31/03/23 | 28/03/24 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
SELL
Number of Analysts
2
Last Close Price
0.819
CNY
Average target price
0.6475
CNY
Spread / Average Target
-20.94%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -22.81% | 423M | |
| +27.40% | 25.58B | |
| +13.54% | 24.49B | |
| -5.18% | 24.25B | |
| -20.01% | 23.68B | |
| +29.70% | 19.8B | |
| +3.54% | 19.73B | |
| -1.60% | 18.98B | |
| +46.90% | 17.94B | |
| -11.52% | 14.3B |
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