Financials Sunshine 100 China Holdings Ltd

Equities

2608

KYG794911092

Real Estate Development & Operations

Market Closed - Hong Kong S.E. 09:08:22 10/05/2024 BST 5-day change 1st Jan Change
0.025 HKD +4.17% Intraday chart for Sunshine 100 China Holdings Ltd +4.17% -71.26%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 8,487 3,266 2,620 872.9 764.2 201.7
Enterprise Value (EV) 1 35,479 23,539 23,309 23,589 25,001 24,752
P/E ratio -283 x 2.34 x 7.12 x -0.24 x -0.24 x -0.07 x
Yield - - - - - -
Capitalization / Revenue 1.12 x 0.39 x 0.45 x 0.16 x 0.32 x 0.1 x
EV / Revenue 4.68 x 2.84 x 4.05 x 4.37 x 10.6 x 11.8 x
EV / EBITDA -83.5 x 25.5 x 47 x -14.3 x -29.5 x -79.7 x
EV / FCF -7.46 x 4.01 x -119 x 5,731 x 89.4 x 14 x
FCF Yield -13.4% 24.9% -0.84% 0.02% 1.12% 7.13%
Price to Book 1.14 x 0.36 x 0.28 x 0.15 x 0.3 x -0.48 x
Nbr of stocks (in thousands) 2,612,160 2,555,848 2,551,718 2,550,811 2,550,811 2,550,811
Reference price 2 3.249 1.278 1.027 0.3422 0.2996 0.0791
Announcement Date 29/04/19 17/04/20 29/04/21 23/11/23 23/11/23 29/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 7,579 8,289 5,760 5,399 2,358 2,102
EBITDA 1 -424.8 923 496.2 -1,653 -848.3 -310.4
EBIT 1 -479.8 878.4 453.7 -1,689 -882.8 -338.2
Operating Margin -6.33% 10.6% 7.88% -31.28% -37.44% -16.09%
Earnings before Tax (EBT) 1 608.8 4,018 1,831 -3,794 -3,286 -2,555
Net income 1 -29.95 1,805 438 -3,673 -3,164 -2,986
Net margin -0.4% 21.77% 7.61% -68.02% -134.19% -142.05%
EPS 2 -0.0115 0.5472 0.1442 -1.440 -1.240 -1.171
Free Cash Flow 1 -4,756 5,868 -195.6 4.116 279.7 1,765
FCF margin -62.75% 70.8% -3.4% 0.08% 11.86% 83.99%
FCF Conversion (EBITDA) - 635.8% - - - -
FCF Conversion (Net income) - 325.16% - - - -
Dividend per Share - - - - - -
Announcement Date 29/04/19 17/04/20 29/04/21 23/11/23 23/11/23 29/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 26,992 20,273 20,689 22,716 24,237 24,550
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) -63.55 x 21.96 x 41.69 x -13.74 x -28.57 x -79.09 x
Free Cash Flow 1 -4,756 5,868 -196 4.12 280 1,765
ROE (net income / shareholders' equity) 2.59% 30.1% 10.7% -38.2% -58.6% -133%
ROA (Net income/ Total Assets) -0.51% 0.92% 0.48% -1.79% -1.01% -0.41%
Assets 1 5,855 197,010 92,199 204,665 311,774 729,133
Book Value Per Share 2 2.860 3.590 3.680 2.260 1.000 -0.1600
Cash Flow per Share 2 0.9900 0.9500 1.200 0.4700 0.2500 0.2500
Capex 1 44.5 12.4 31.6 37.4 22.9 2.06
Capex / Sales 0.59% 0.15% 0.55% 0.69% 0.97% 0.1%
Announcement Date 29/04/19 17/04/20 29/04/21 23/11/23 23/11/23 29/04/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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