Financials Guangdong Hongda Holdings Group Co., Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-07-14 pm EDT			5-day change	1st Jan Change
19.3 ^CNY	-0.57%		+1.15%	-3.88%

Jul. 03	Guangdong Hongda Holdings Group Co., Ltd. entered into Equity Transfer Framework Agreement to acquire 21% stake in Xinjiang Xuefeng Sci-Tech(Group)Co.,Ltd from Xinjiang Xuefeng Investment Holding Co., Ltd. for CNY 2.2 billion.	CI
Jul. 02	Tranche Update on Guangdong Hongda Holdings Group Co., Ltd.'s Equity Buyback Plan announced on February 23, 2024.	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	13,329	26,966	22,572	20,187	15,256	14,668	-	-
Enterprise Value (EV) ¹	13,329	26,966	22,572	20,187	15,256	14,668	14,668	14,668
P/E ratio	43.1 x	63.6 x	47 x	36 x	21 x	17.6 x	15.2 x	13.4 x
Yield	-	-	1%	1.11%	2.79%	2.11%	2.45%	2.69%
Capitalization / Revenue	2.27 x	-	2.65 x	1.99 x	1.32 x	1.1 x	0.97 x	0.85 x
EV / Revenue	2.27 x	-	2.65 x	1.99 x	1.32 x	1.1 x	0.97 x	0.85 x
EV / EBITDA	-	-	-	-	9.66 x	8.52 x	7.24 x	6.2 x
EV / FCF	-	-	-	-	-	20.5 x	23.7 x	14 x
FCF Yield	-	-	-	-	-	4.87%	4.23%	7.14%
Price to Book	-	-	4.03 x	3.4 x	2.36 x	2.1 x	1.93 x	1.76 x
Nbr of stocks (in thousands)	707,109	750,093	749,412	748,760	759,739	760,002	-	-
Reference price ²	18.85	35.95	30.12	26.96	20.08	19.30	19.30	19.30
Announcement Date	2/28/20	3/25/21	3/25/22	3/24/23	3/29/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	5,861	-	8,526	10,169	11,543	13,316	15,138	17,221
EBITDA ¹	-	-	-	-	1,579	1,722	2,025	2,366
EBIT ¹	-	-	811.6	973.9	1,138	1,311	1,497	1,693
Operating Margin	-	-	9.52%	9.58%	9.86%	9.85%	9.89%	9.83%
Earnings before Tax (EBT) ¹	-	-	805.5	966.4	1,134	1,310	1,496	1,691
Net income ¹	-	403.8	480.2	560.8	716	835	961.4	1,093
Net margin	-	-	5.63%	5.51%	6.2%	6.27%	6.35%	6.35%
EPS ²	0.4372	0.5650	0.6407	0.7491	0.9553	1.097	1.267	1.440
Free Cash Flow ¹	-	-	-	-	-	715	620	1,047
FCF margin	-	-	-	-	-	5.37%	4.1%	6.08%
FCF Conversion (EBITDA)	-	-	-	-	-	41.52%	30.62%	44.25%
FCF Conversion (Net income)	-	-	-	-	-	85.63%	64.49%	95.76%
Dividend per Share ²	-	-	0.3000	0.3000	0.5600	0.4067	0.4733	0.5200
Announcement Date	2/28/20	3/25/21	3/25/22	3/24/23	3/29/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	-	-	-	-	-	715	620	1,047
ROE (net income / shareholders' equity)	-	-	8.83%	9.73%	11.6%	11.9%	12.6%	13.3%
ROA (Net income/ Total Assets)	-	-	3.95%	-	4.53%	5.5%	5.75%	6%
Assets ¹	-	-	12,171	-	15,795	15,182	16,719	18,222
Book Value Per Share ²	-	-	7.470	7.920	8.520	9.190	10.00	10.90
Cash Flow per Share ²	-	-	1.710	1.190	1.860	2.150	2.260	2.480
Capex ¹	-	-	-	678	804	950	960	942
Capex / Sales	-	-	-	6.66%	6.97%	7.13%	6.34%	5.47%
Announcement Date	2/28/20	3/25/21	3/25/22	3/24/23	3/29/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

19.3 CNY

Average target price

25.93 CNY

Spread / Average Target

+34.37%

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