HANGZHOU BINJIANG REAL ESTATE GROUP CO.,LTD Financials Hangzhou Binjiang Real Estate Group Co.,Ltd
Equities
002244
CNE100000BS5
Real Estate Development & Operations
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7.81 CNY | -2.74% |
|
+7.58% | +7.43% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 15,308 | 14,282 | 14,499 | 27,474 | 22,620 | 24,300 | - | - |
| Enterprise Value (EV) 1 | 15,308 | 14,282 | 14,499 | 54,970 | 28,967 | 65,692 | 81,389 | 24,300 |
| P/E ratio | 9.46 x | 6.12 x | 4.8 x | 7.36 x | 8.98 x | 8.68 x | 7.62 x | 6.86 x |
| Yield | 2.68% | 4.92% | 4.85% | 2.83% | 1.24% | 1.69% | 2.23% | 2.05% |
| Capitalization / Revenue | 0.61 x | 0.5 x | 0.38 x | 0.66 x | 0.32 x | 0.32 x | 0.33 x | 0.31 x |
| EV / Revenue | 0.61 x | 0.5 x | 0.38 x | 1.32 x | 0.41 x | 0.88 x | 1.1 x | 0.31 x |
| EV / EBITDA | 2.72 x | 2.84 x | 2.04 x | 9.59 x | 5.22 x | 9.01 x | 10.2 x | 2.82 x |
| EV / FCF | - | - | - | 10.8 x | 0.89 x | -7.55 x | -5.8 x | - |
| FCF Yield | - | - | - | 9.24% | 112% | -13.2% | -17.2% | - |
| Price to Book | 0.92 x | 0.78 x | 0.7 x | 1.17 x | 0.89 x | 0.87 x | 0.79 x | 0.71 x |
| Nbr of stocks (in thousands) | 3,111,444 | 3,111,444 | 3,111,444 | 3,111,444 | 3,111,444 | 3,111,444 | - | - |
| Reference price 2 | 4.920 | 4.590 | 4.660 | 8.830 | 7.270 | 7.810 | 7.810 | 7.810 |
| Announcement Date | 3/12/20 | 4/28/21 | 4/29/22 | 4/28/23 | 4/26/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 24,955 | 28,597 | 37,976 | 41,502 | 70,443 | 74,894 | 74,176 | 77,828 |
| EBITDA 1 | 5,635 | 5,024 | 7,093 | 5,734 | 5,548 | 7,291 | 7,964 | 8,603 |
| EBIT 1 | 5,419 | 4,827 | 6,746 | 5,320 | 5,055 | 5,839 | 6,668 | 6,967 |
| Operating Margin | 21.71% | 16.88% | 17.76% | 12.82% | 7.18% | 7.8% | 8.99% | 8.95% |
| Earnings before Tax (EBT) 1 | 5,403 | 4,787 | 6,737 | 5,311 | 5,036 | 5,667 | 6,628 | 6,949 |
| Net income 1 | 1,631 | 2,328 | 3,027 | 3,741 | 2,529 | 2,797 | 3,190 | 3,551 |
| Net margin | 6.54% | 8.14% | 7.97% | 9.01% | 3.59% | 3.73% | 4.3% | 4.56% |
| EPS 2 | 0.5200 | 0.7500 | 0.9700 | 1.200 | 0.8100 | 0.8996 | 1.025 | 1.139 |
| Free Cash Flow 1 | - | - | - | 5,078 | 32,462 | -8,703 | -14,036 | - |
| FCF margin | - | - | - | 12.23% | 46.08% | -11.62% | -18.92% | - |
| FCF Conversion (EBITDA) | - | - | - | 88.55% | 585.16% | - | - | - |
| FCF Conversion (Net income) | - | - | - | 135.73% | 1,283.52% | - | - | - |
| Dividend per Share 2 | 0.1320 | 0.2260 | 0.2260 | 0.2500 | 0.0900 | 0.1316 | 0.1742 | 0.1600 |
| Announcement Date | 3/12/20 | 4/28/21 | 4/29/22 | 4/28/23 | 4/26/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 S2 | 2023 S1 |
|---|---|---|---|---|
| Net sales | - | - | - | - |
| EBITDA | - | - | - | - |
| EBIT | - | - | - | - |
| Operating Margin | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - |
| Net income 1 | 865.2 | 1,267 | 1,760 | 1,637 |
| Net margin | - | - | - | - |
| EPS | - | 0.4100 | - | - |
| Dividend per Share | - | - | - | - |
| Announcement Date | 8/26/20 | 8/26/21 | 4/29/22 | 8/29/23 |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | 27,496 | 6,347 | 41,392 | 57,089 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | 4.795 x | 1.144 x | 5.677 x | 7.169 x | - |
| Free Cash Flow 1 | - | - | - | 5,078 | 32,462 | -8,703 | -14,036 | - |
| ROE (net income / shareholders' equity) | 10.2% | 13.3% | 15.5% | 16.9% | 10.3% | 10.1% | 10.3% | 10.2% |
| ROA (Net income/ Total Assets) | 1.51% | 1.54% | 1.58% | 1.53% | 0.89% | 1.05% | 1.18% | 1.35% |
| Assets 1 | 108,142 | 150,852 | 191,870 | 243,954 | 283,123 | 266,349 | 271,525 | 263,001 |
| Book Value Per Share 2 | 5.320 | 5.900 | 6.610 | 7.560 | 8.130 | 8.980 | 9.930 | 11.00 |
| Cash Flow per Share 2 | 0.8400 | -1.010 | 0.2700 | 1.680 | 10.50 | 2.490 | 1.080 | 4.140 |
| Capex 1 | 27.1 | 80.2 | 42.1 | 136 | 188 | 494 | 711 | 774 |
| Capex / Sales | 0.11% | 0.28% | 0.11% | 0.33% | 0.27% | 0.66% | 0.96% | 0.99% |
| Announcement Date | 3/12/20 | 4/28/21 | 4/29/22 | 4/28/23 | 4/26/24 | - | - | - |
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
D+
Sell
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
7.81
CNY
Average target price
8.712
CNY
Spread / Average Target
+11.55%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +7.43% | 3.34B | |
| +31.82% | 26.5B | |
| -1.96% | 25.06B | |
| +14.65% | 24.69B | |
| -21.26% | 23.3B | |
| +35.56% | 20.67B | |
| +1.01% | 19.25B | |
| -1.16% | 19.05B | |
| +49.86% | 18.28B | |
| +19.98% | 14.84B |
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- Financials Hangzhou Binjiang Real Estate Group Co.,Ltd
