Financials Zhuhai Huafa Properties Co.,Ltd

Equities

600325

CNE000001GR5

Real Estate Development & Operations

End-of-day quote Shanghai S.E. 06:00:00 2024-07-11 pm EDT 5-day change 1st Jan Change
6.4 CNY +6.14% Intraday chart for Zhuhai Huafa Properties Co.,Ltd +3.73% -11.23%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 16,578 13,148 12,745 19,181 19,843 17,614 - -
Enterprise Value (EV) 1 16,578 13,148 12,745 19,181 19,843 17,614 17,614 17,614
P/E ratio 6.42 x 5.35 x 4.49 x 8.09 x 9.13 x 8.89 x 8.07 x 7.6 x
Yield 5.11% 7.25% 7.64% 4.08% 5.13% 6.25% 6.72% 6.48%
Capitalization / Revenue 0.5 x 0.26 x 0.25 x 0.32 x 0.28 x 0.23 x 0.22 x 0.23 x
EV / Revenue 0.5 x 0.26 x 0.25 x 0.32 x 0.28 x 0.23 x 0.22 x 0.23 x
EV / EBITDA 3.71 x 2.03 x 1.79 x 2.96 x 3.26 x 1.76 x 1.68 x 1.65 x
EV / FCF - - 2.07 x 2.51 x -10.8 x -3.48 x -3.8 x 1.03 x
FCF Yield - - 48.3% 39.8% -9.27% -28.7% -26.3% 97%
Price to Book 1.24 x 0.89 x 0.75 x 1.07 x 0.89 x 0.76 x 0.72 x 0.68 x
Nbr of stocks (in thousands) 2,117,220 2,117,220 2,117,161 2,117,161 2,752,152 2,752,152 - -
Reference price 2 7.830 6.210 6.020 9.060 7.210 6.400 6.400 6.400
Announcement Date 1/19/20 4/23/21 1/14/22 1/19/23 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 33,149 51,006 51,241 59,190 72,145 75,637 78,505 77,858
EBITDA 1 4,468 6,477 7,113 6,487 6,092 10,021 10,478 10,697
EBIT 1 4,358 6,358 6,962 6,249 5,807 5,190 5,739 5,781
Operating Margin 13.15% 12.46% 13.59% 10.56% 8.05% 6.86% 7.31% 7.43%
Earnings before Tax (EBT) 1 4,396 6,253 6,829 6,283 5,873 5,211 5,766 5,815
Net income 1 2,785 2,902 3,195 2,578 1,838 1,982 2,186 2,336
Net margin 8.4% 5.69% 6.24% 4.36% 2.55% 2.62% 2.78% 3%
EPS 2 1.220 1.160 1.340 1.120 0.7900 0.7200 0.7933 0.8420
Free Cash Flow 1 - - 6,156 7,639 -1,840 -5,062 -4,636 17,078
FCF margin - - 12.01% 12.91% -2.55% -6.69% -5.91% 21.93%
FCF Conversion (EBITDA) - - 86.54% 117.75% - - - 159.65%
FCF Conversion (Net income) - - 192.68% 296.33% - - - 730.92%
Dividend per Share 2 0.4000 0.4500 0.4600 0.3700 0.3700 0.4000 0.4300 0.4150
Announcement Date 1/19/20 4/23/21 1/14/22 1/19/23 4/26/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - 6,156 7,639 -1,840 -5,062 -4,636 17,078
ROE (net income / shareholders' equity) 20.1% 16.8% 17.8% 13.7% 9.66% 8.54% 8.89% 8.72%
ROA (Net income/ Total Assets) 1.34% 1.04% 0.94% - 0.41% 0.57% 0.67% 0.8%
Assets 1 208,123 278,505 339,532 - 451,669 349,834 327,884 292,062
Book Value Per Share 2 6.320 6.980 8.000 8.440 8.060 8.440 8.920 9.460
Cash Flow per Share 2 13.20 13.70 17.00 18.10 18.40 5.750 6.420 5.850
Capex 1 23,928 44,964 29,905 30,705 52,384 7,643 7,143 4,773
Capex / Sales 72.18% 88.15% 58.36% 51.88% 72.61% 10.1% 9.1% 6.13%
Announcement Date 1/19/20 4/23/21 1/14/22 1/19/23 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
C
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
6.4 CNY
Average target price
7.95 CNY
Spread / Average Target
+24.22%
Consensus

Annual profits - Rate of surprise

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