CHINA FORTUNE LAND DEVELOPMENT CO., LTD. Financials China Fortune Land Development Co., Ltd.
Equities
600340
CNE000001GG8
Real Estate Development & Operations
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.21 CNY | +2.54% |
|
+13.08% | -30.46% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 76,433 | 86,481 | 50,604 | 14,016 | 9,772 | 6,774 |
| Enterprise Value (EV) 1 | 167,520 | 223,133 | 219,265 | 180,678 | 196,275 | 186,836 |
| P/E ratio | 6.75 x | 6.11 x | 13.5 x | -0.35 x | 6.12 x | -1.12 x |
| Yield | 4.72% | 5.23% | - | - | - | - |
| Capitalization / Revenue | 0.91 x | 0.82 x | 0.5 x | 0.32 x | 0.31 x | 0.19 x |
| EV / Revenue | 2 x | 2.12 x | 2.17 x | 4.18 x | 6.14 x | 5.2 x |
| EV / EBITDA | 9.17 x | 8.57 x | 12.7 x | -9.74 x | -53.1 x | 47.9 x |
| EV / FCF | -17.6 x | -4.12 x | -5.52 x | 3.81 x | -4.31 x | 27.8 x |
| FCF Yield | -5.69% | -24.3% | -18.1% | 26.3% | -23.2% | 3.6% |
| Price to Book | 1.75 x | 1.95 x | 1.11 x | 2.22 x | 1.04 x | 0.92 x |
| Nbr of stocks (in thousands) | 3,904,231 | 3,917,276 | 3,913,720 | 3,893,355 | 3,893,355 | 3,893,355 |
| Reference price 2 | 19.58 | 22.08 | 12.93 | 3.600 | 2.510 | 1.740 |
| Announcement Date | 4/19/19 | 4/24/20 | 4/30/21 | 4/29/22 | 4/28/23 | 4/29/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 83,799 | 105,210 | 101,209 | 43,181 | 31,942 | 35,907 |
| EBITDA 1 | 18,260 | 26,029 | 17,219 | -18,551 | -3,694 | 3,900 |
| EBIT 1 | 17,279 | 25,213 | 16,304 | -19,447 | -4,503 | 3,178 |
| Operating Margin | 20.62% | 23.96% | 16.11% | -45.04% | -14.1% | 8.85% |
| Earnings before Tax (EBT) 1 | 17,431 | 22,257 | 8,051 | -45,521 | 3,781 | -9,007 |
| Net income 1 | 11,746 | 14,612 | 3,665 | -39,030 | 1,583 | -6,028 |
| Net margin | 14.02% | 13.89% | 3.62% | -90.39% | 4.96% | -16.79% |
| EPS 2 | 2.900 | 3.615 | 0.9600 | -10.17 | 0.4100 | -1.550 |
| Free Cash Flow 1 | -9,531 | -54,137 | -39,689 | 47,466 | -45,577 | 6,724 |
| FCF margin | -11.37% | -51.46% | -39.22% | 109.92% | -142.69% | 18.73% |
| FCF Conversion (EBITDA) | - | - | - | - | - | 172.41% |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share 2 | 0.9231 | 1.154 | - | - | - | - |
| Announcement Date | 4/19/19 | 4/24/20 | 4/30/21 | 4/29/22 | 4/28/23 | 4/29/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 91,087 | 136,652 | 168,660 | 166,662 | 186,503 | 180,062 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.988 x | 5.25 x | 9.795 x | -8.984 x | -50.49 x | 46.17 x |
| Free Cash Flow 1 | -9,531 | -54,137 | -39,689 | 47,466 | -45,577 | 6,724 |
| ROE (net income / shareholders' equity) | 18.8% | 22.9% | 5.82% | -69.1% | 4.42% | -31.2% |
| ROA (Net income/ Total Assets) | 2.75% | 3.63% | 2.15% | -2.61% | -0.66% | 0.52% |
| Assets 1 | 427,244 | 402,218 | 170,250 | 1,492,759 | -238,955 | -1,153,656 |
| Book Value Per Share 2 | 11.20 | 11.30 | 11.60 | 1.620 | 2.410 | 1.880 |
| Cash Flow per Share 2 | 12.10 | 11.00 | 6.900 | 3.710 | 3.190 | 1.700 |
| Capex 1 | 2,988 | 4,338 | 4,777 | 1,164 | 716 | 42.6 |
| Capex / Sales | 3.57% | 4.12% | 4.72% | 2.7% | 2.24% | 0.12% |
| Announcement Date | 4/19/19 | 4/24/20 | 4/30/21 | 4/29/22 | 4/28/23 | 4/29/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -30.46% | 654M | |
| +40.41% | 29.66B | |
| -11.49% | 27.69B | |
| +6.61% | 27.57B | |
| +20.90% | 26.07B | |
| +49.25% | 24.02B | |
| +10.32% | 21.83B | |
| -1.52% | 18.77B | |
| +28.90% | 16.76B | |
| -13.01% | 15.28B |
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