Financials New DaZheng Property Group Co., LTD

Equities

002968

CNE100003Q65

Real Estate Services

End-of-day quote Shenzhen S.E. 23:00:00 30/06/2024 BST 5-day change 1st Jan Change
9.28 CNY +4.15% Intraday chart for New DaZheng Property Group Co., LTD +4.15% -25.82%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,941 5,325 5,765 4,992 2,849 2,100 - -
Enterprise Value (EV) 1 4,941 5,325 5,765 4,414 2,849 2,100 2,100 2,100
P/E ratio 36.5 x 40.6 x 34.4 x 26.6 x 17.6 x 11.5 x 10.3 x 8.75 x
Yield - - 1.41% 1.38% 2.28% 3.5% 4.38% 4.63%
Capitalization / Revenue 4.69 x 4.04 x 2.76 x 1.92 x 0.91 x 0.59 x 0.51 x 0.44 x
EV / Revenue 4.69 x 4.04 x 2.76 x 1.92 x 0.91 x 0.59 x 0.51 x 0.44 x
EV / EBITDA 37.5 x 32 x 27 x 21 x 12.6 x 8.5 x 7.47 x 6.19 x
EV / FCF - - 146,595,736 x 102,606,430 x - - - -
FCF Yield - - 0% 0% - - - -
Price to Book 6.56 x 6.26 x 5.92 x 4.47 x 2.39 x 1.61 x 1.46 x 1.31 x
Nbr of stocks (in thousands) 225,674 225,674 227,806 229,091 227,760 226,278 - -
Reference price 2 21.90 23.60 25.31 21.79 12.51 9.280 9.280 9.280
Announcement Date 28/02/20 29/03/21 28/03/22 27/03/23 11/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,055 1,318 2,088 2,598 3,127 3,549 4,155 4,788
EBITDA 1 131.8 166.3 213.6 238.1 226.2 247 281.2 339.4
EBIT 1 123.7 155.4 199.1 221.8 195.9 222.9 251.1 298.8
Operating Margin 11.73% 11.79% 9.54% 8.54% 6.27% 6.28% 6.04% 6.24%
Earnings before Tax (EBT) 1 122.3 154.9 198.7 221.5 195.6 222.6 251 298.6
Net income 1 104.5 131.2 166.1 185.7 160.1 184.5 203.9 241.7
Net margin 9.91% 9.95% 7.95% 7.15% 5.12% 5.2% 4.91% 5.05%
EPS 2 0.6000 0.5810 0.7357 0.8200 0.7100 0.8100 0.8967 1.060
Free Cash Flow - - 39.33 48.65 - - - -
FCF margin - - 1.88% 1.87% - - - -
FCF Conversion (EBITDA) - - 18.41% 20.43% - - - -
FCF Conversion (Net income) - - 23.68% 26.2% - - - -
Dividend per Share 2 - - 0.3571 0.3000 0.2850 0.3250 0.4067 0.4300
Announcement Date 28/02/20 29/03/21 28/03/22 27/03/23 11/04/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 610.8 639.5 663.6 684.2 725.1 - 817 834.5 866.8 946 981 1,012
EBITDA - - - - - - - - - - - -
EBIT - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - - -
Net income - - - - - 38.85 - - - - - -
Net margin - - - - - - - - - - - -
EPS 0.1929 0.1391 0.2400 - - 0.1710 - - - - - -
Dividend per Share - - - - - - - - - - - -
Announcement Date 18/04/22 25/07/22 27/10/22 27/03/23 27/04/23 16/08/23 29/10/23 11/04/24 29/04/24 - - -
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - 578 - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - 39.3 48.7 - - - -
ROE (net income / shareholders' equity) 33.5% 16.5% 18.5% 18.1% 14% 14.2% 15.3% 15.1%
ROA (Net income/ Total Assets) - - 12.4% 10.6% 8.6% 8.4% 9.47% 8.7%
Assets 1 - - 1,343 1,746 1,861 2,196 2,154 2,778
Book Value Per Share 2 3.340 3.770 4.280 4.870 5.240 5.760 6.370 7.110
Cash Flow per Share 2 0.2300 0.7700 0.3200 0.3900 0.9900 0.7600 0.9200 1.030
Capex 1 27.1 21.9 32.6 41 66 43.2 54.4 43
Capex / Sales 2.57% 1.66% 1.56% 1.58% 2.11% 1.22% 1.31% 0.9%
Announcement Date 28/02/20 29/03/21 28/03/22 27/03/23 11/04/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
9.28 CNY
Average target price
10.15 CNY
Spread / Average Target
+9.38%
Consensus
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  4. Financials New DaZheng Property Group Co., LTD