Financials Glory Health Industry Limited

Equities

2329

KYG394071040

Real Estate Development & Operations

Market Closed - Hong Kong S.E. 04:08:27 2024-07-12 am EDT 5-day change 1st Jan Change
0.121 HKD +3.42% Intraday chart for Glory Health Industry Limited +16.35% +278.12%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 7,766 6,474 2,880 1,105 1,021 129.3
Enterprise Value (EV) 1 34,647 33,138 24,757 21,493 22,082 22,153
P/E ratio 7.73 x 7.54 x 29.2 x 4.84 x -1.09 x -0.22 x
Yield 2.83% 2.31% - - - -
Capitalization / Revenue 1.17 x 0.8 x 0.5 x 0.11 x 0.26 x 0.05 x
EV / Revenue 5.24 x 4.09 x 4.29 x 2.17 x 5.66 x 8.84 x
EV / EBITDA 17.7 x 24.5 x 77.4 x 37 x -67.8 x -54.3 x
EV / FCF -56.7 x 15.9 x 3.61 x 16.3 x 241 x -114 x
FCF Yield -1.76% 6.29% 27.7% 6.13% 0.42% -0.88%
Price to Book 0.65 x 0.52 x 0.23 x 0.09 x 0.09 x 0.01 x
Nbr of stocks (in thousands) 4,444,418 4,444,418 4,444,418 4,444,418 4,444,418 4,444,418
Reference price 2 1.747 1.457 0.6481 0.2485 0.2296 0.0291
Announcement Date 4/23/19 5/14/20 4/29/21 4/28/22 4/27/23 4/30/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 6,612 8,093 5,769 9,898 3,905 2,506
EBITDA 1 1,957 1,351 319.8 581.5 -325.9 -408
EBIT 1 1,885 1,276 239.1 496 -415.1 -484.6
Operating Margin 28.5% 15.76% 4.14% 5.01% -10.63% -19.33%
Earnings before Tax (EBT) 1 2,697 2,046 516.7 876.9 -1,090 -678.6
Net income 1 1,009 859.8 98.74 228.3 -912.8 -564
Net margin 15.26% 10.62% 1.71% 2.31% -23.38% -22.5%
EPS 2 0.2260 0.1933 0.0222 0.0514 -0.2100 -0.1300
Free Cash Flow 1 -611.2 2,083 6,864 1,318 91.71 -195
FCF margin -9.24% 25.74% 118.98% 13.32% 2.35% -7.78%
FCF Conversion (EBITDA) - 154.15% 2,146.36% 226.68% - -
FCF Conversion (Net income) - 242.32% 6,951.39% 577.35% - -
Dividend per Share 2 0.0495 0.0336 - - - -
Announcement Date 4/23/19 5/14/20 4/29/21 4/28/22 4/27/23 4/30/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 26,881 26,664 21,877 20,389 21,062 22,024
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 13.74 x 19.73 x 68.41 x 35.06 x -64.62 x -53.98 x
Free Cash Flow 1 -611 2,083 6,864 1,318 91.7 -195
ROE (net income / shareholders' equity) 9.99% 6.69% 0.79% 2.26% -6.68% -4.21%
ROA (Net income/ Total Assets) 1.76% 1.01% 0.2% 0.48% -0.44% -0.53%
Assets 1 57,481 85,125 49,469 47,362 208,398 105,910
Book Value Per Share 2 2.680 2.820 2.810 2.860 2.640 2.510
Cash Flow per Share 2 0.2300 0.1200 0.3600 0.1000 0.0300 0.0200
Capex 1 437 129 273 280 193 60.8
Capex / Sales 6.6% 1.6% 4.73% 2.82% 4.94% 2.43%
Announcement Date 4/23/19 5/14/20 4/29/21 4/28/22 4/27/23 4/30/24
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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