Financials Rongan Property Co.,Ltd.

Equities

000517

CNE0000000R6

Real Estate Development & Operations

End-of-day quote Shenzhen S.E. 23:00:00 13/05/2024 BST 5-day change 1st Jan Change
2.52 CNY 0.00% Intraday chart for Rongan Property Co.,Ltd. +1.61% +2.86%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 7,355 8,788 9,233 7,832 9,393 7,801
Enterprise Value (EV) 1 10,549 10,697 16,530 15,080 12,095 9,514
P/E ratio 12.1 x 4.65 x 5.3 x 7.21 x 14.9 x 21.8 x
Yield - 3.62% 1.21% 6.5% 10.8% -
Capitalization / Revenue 1.85 x 1.32 x 0.83 x 0.43 x 0.66 x 0.35 x
EV / Revenue 2.66 x 1.61 x 1.48 x 0.83 x 0.85 x 0.43 x
EV / EBITDA 11.2 x 5.52 x 7.25 x 7.84 x 19.1 x 5.98 x
EV / FCF -11.7 x 7.78 x -2.33 x 71.5 x 1.99 x 5.52 x
FCF Yield -8.53% 12.8% -42.9% 1.4% 50.1% 18.1%
Price to Book 1.55 x 1.31 x 1.12 x 0.86 x 1.02 x 0.91 x
Nbr of stocks (in thousands) 3,183,922 3,183,922 3,183,922 3,183,922 3,183,922 3,183,922
Reference price 2 2.310 2.760 2.900 2.460 2.950 2.450
Announcement Date 29/04/19 28/04/20 22/03/21 29/04/22 28/04/23 28/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,968 6,663 11,178 18,181 14,157 22,333
EBITDA 1 938.3 1,937 2,281 1,923 633.6 1,592
EBIT 1 907.5 1,906 2,250 1,883 591.6 1,544
Operating Margin 22.87% 28.6% 20.13% 10.36% 4.18% 6.92%
Earnings before Tax (EBT) 1 707.4 2,137 2,286 1,649 1,259 910.3
Net income 1 608.5 1,889 1,743 1,086 630.9 357.5
Net margin 15.34% 28.35% 15.59% 5.97% 4.46% 1.6%
EPS 2 0.1911 0.5932 0.5473 0.3412 0.1982 0.1123
Free Cash Flow 1 -899.7 1,374 -7,096 211 6,065 1,722
FCF margin -22.67% 20.63% -63.49% 1.16% 42.84% 7.71%
FCF Conversion (EBITDA) - 70.93% - 10.97% 957.13% 108.18%
FCF Conversion (Net income) - 72.76% - 19.43% 961.27% 481.82%
Dividend per Share - 0.1000 0.0350 0.1600 0.3200 -
Announcement Date 29/04/19 28/04/20 22/03/21 29/04/22 28/04/23 28/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 3,194 1,910 7,297 7,247 2,702 1,713
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 3.404 x 0.9858 x 3.199 x 3.768 x 4.264 x 1.076 x
Free Cash Flow 1 -900 1,374 -7,096 211 6,065 1,722
ROE (net income / shareholders' equity) 12.2% 30.5% 20.6% 9.15% 6.42% 3.39%
ROA (Net income/ Total Assets) 3.02% 3.7% 2.61% 1.56% 0.47% 1.59%
Assets 1 20,122 51,010 66,776 69,779 133,751 22,528
Book Value Per Share 2 1.490 2.110 2.580 2.870 2.880 2.690
Cash Flow per Share 2 0.5600 2.200 2.710 3.070 2.640 1.450
Capex 1 11.4 6.01 9.15 7.24 6.88 1.38
Capex / Sales 0.29% 0.09% 0.08% 0.04% 0.05% 0.01%
Announcement Date 29/04/19 28/04/20 22/03/21 29/04/22 28/04/23 28/04/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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