Financials Long Yuan Construction Group Co., Ltd.

Equities

600491

CNE000001HQ5

Construction & Engineering

End-of-day quote Shanghai S.E. 23:00:00 08/05/2024 BST 5-day change 1st Jan Change
2.7 CNY +0.75% Intraday chart for Long Yuan Construction Group Co., Ltd. +1.50% -31.47%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 10,356 11,183 8,001 10,540 9,622 6,027
Enterprise Value (EV) 1 18,241 25,718 28,299 30,395 30,088 27,646
P/E ratio 10.6 x 11 x 9.87 x 15.7 x 25.2 x -4.58 x
Yield 0.89% 0.98% 0.96% 0.61% - -
Capitalization / Revenue 0.51 x 0.52 x 0.45 x 0.54 x 0.68 x 0.67 x
EV / Revenue 0.9 x 1.2 x 1.59 x 1.55 x 2.11 x 3.07 x
EV / EBITDA 13.7 x 15.9 x 19.9 x 12.5 x 22.7 x 27.9 x
EV / FCF -242 x -3.98 x -3.96 x -1.53 x 7.31 x 2.58 x
FCF Yield -0.41% -25.1% -25.2% -65.2% 13.7% 38.7%
Price to Book 1.07 x 1.05 x 0.7 x 0.87 x 0.78 x 0.56 x
Nbr of stocks (in thousands) 1,529,758 1,529,758 1,529,758 1,529,758 1,529,758 1,529,758
Reference price 2 6.770 7.310 5.230 6.890 6.290 3.940
Announcement Date 24/04/19 27/04/20 19/04/21 14/04/22 25/04/23 29/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 20,213 21,427 17,787 19,548 14,246 9,004
EBITDA 1 1,335 1,619 1,420 2,429 1,326 991.3
EBIT 1 1,292 1,578 1,379 2,377 1,281 948.8
Operating Margin 6.39% 7.36% 7.76% 12.16% 8.99% 10.54%
Earnings before Tax (EBT) 1 1,262 1,478 1,123 941.8 518.6 -1,420
Net income 1 922.2 1,021 808.9 667.3 380.4 -1,311
Net margin 4.56% 4.76% 4.55% 3.41% 2.67% -14.56%
EPS 2 0.6400 0.6673 0.5300 0.4400 0.2500 -0.8600
Free Cash Flow 1 -75.52 -6,461 -7,141 -19,821 4,116 10,699
FCF margin -0.37% -30.16% -40.15% -101.4% 28.89% 118.83%
FCF Conversion (EBITDA) - - - - 310.46% 1,079.29%
FCF Conversion (Net income) - - - - 1,082.15% -
Dividend per Share 2 0.0600 0.0720 0.0500 0.0420 - -
Announcement Date 24/04/19 27/04/20 19/04/21 14/04/22 25/04/23 29/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 7,884 14,535 20,299 19,855 20,466 21,619
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 5.905 x 8.979 x 14.29 x 8.173 x 15.44 x 21.81 x
Free Cash Flow 1 -75.5 -6,461 -7,141 -19,821 4,116 10,699
ROE (net income / shareholders' equity) 11.2% 9.24% 6.87% 5.36% 2.83% -10.5%
ROA (Net income/ Total Assets) 1.82% 1.78% 1.41% 2.29% 1.2% 0.95%
Assets 1 50,708 57,423 57,230 29,095 31,744 -137,606
Book Value Per Share 2 6.340 6.950 7.440 7.880 8.030 7.040
Cash Flow per Share 2 2.740 2.480 2.190 1.940 1.500 1.070
Capex 1 4,911 7,712 6,053 72.2 45.8 39.9
Capex / Sales 24.3% 35.99% 34.03% 0.37% 0.32% 0.44%
Announcement Date 24/04/19 27/04/20 19/04/21 14/04/22 25/04/23 29/04/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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