Financials China Overseas Property Holdings Limited

Equities

2669

KYG2118M1096

Real Estate Services

Delayed Hong Kong S.E. 11:59:46 2024-05-15 pm EDT 5-day change 1st Jan Change
5.64 HKD +7.43% Intraday chart for China Overseas Property Holdings Limited +9.78% -6.14%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 16,106 13,279 27,182 26,722 19,261 17,241 - -
Enterprise Value (EV) 1 13,567 9,573 22,899 22,031 13,867 10,981 8,789 7,607
P/E ratio 30 x 19 x 27.6 x 21 x 13.2 x 10.4 x 8.35 x 7.68 x
Yield 1.02% 1.58% 1.09% 1.48% - 3.04% 3.64% 3.91%
Capitalization / Revenue 2.95 x 2.03 x 2.88 x 2.11 x 1.36 x 1.05 x 0.86 x 0.78 x
EV / Revenue 2.48 x 1.46 x 2.43 x 1.74 x 0.98 x 0.67 x 0.44 x 0.34 x
EV / EBITDA 16.9 x 9.68 x 17.9 x 13.4 x 7.25 x 4.89 x 3.26 x 2.57 x
EV / FCF 66.3 x 8.08 x 35.4 x 20.2 x - 5.2 x 3.79 x 2.77 x
FCF Yield 1.51% 12.4% 2.83% 4.96% - 19.2% 26.4% 36.1%
Price to Book 10.7 x 6.18 x 9.06 x 7.4 x 4.31 x 3.12 x 2.42 x 2.02 x
Nbr of stocks (in thousands) 3,286,860 3,286,860 3,286,860 3,286,860 3,286,860 3,283,960 - -
Reference price 2 4.900 4.040 8.270 8.130 5.860 5.250 5.250 5.250
Announcement Date 3/20/20 3/25/21 3/24/22 3/23/23 3/26/24 - - -
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,466 6,545 9,442 12,689 14,146 16,425 20,008 22,091
EBITDA 1 803.4 988.5 1,280 1,640 1,914 2,247 2,700 2,954
EBIT 1 762.5 938.9 1,213 1,555 1,824 2,173 2,659 2,842
Operating Margin 13.95% 14.34% 12.85% 12.25% 12.89% 13.23% 13.29% 12.86%
Earnings before Tax (EBT) 1 760.5 931.6 1,318 1,678 1,955 2,211 2,764 2,968
Net income 1 537.8 700 983.9 1,273 1,455 1,658 2,075 2,252
Net margin 9.84% 10.7% 10.42% 10.03% 10.29% 10.09% 10.37% 10.2%
EPS 2 0.1636 0.2130 0.2993 0.3873 0.4427 0.5043 0.6286 0.6838
Free Cash Flow 1 204.5 1,185 647 1,092 - 2,110 2,319 2,744
FCF margin 3.74% 18.11% 6.85% 8.6% - 12.85% 11.59% 12.42%
FCF Conversion (EBITDA) 25.45% 119.92% 50.56% 66.57% - 93.9% 85.89% 92.9%
FCF Conversion (Net income) 38.02% 169.35% 65.76% 85.75% - 127.27% 111.77% 121.86%
Dividend per Share 2 0.0500 0.0640 0.0900 0.1200 - 0.1596 0.1910 0.2050
Announcement Date 3/20/20 3/25/21 3/24/22 3/23/23 3/26/24 - - -
1HKD in Million2HKD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2
Net sales 1 3,065 2,850 3,695 4,296 5,146 5,814 6,875 7,163 6,382 7,113 10,669 8,619 12,928
EBITDA 395.6 383.3 - 519.4 748.9 - - - - - - - -
EBIT 1 409.3 394 - 489.6 723.3 655.5 899.3 942.7 802.3 940.1 1,410 1,081 1,621
Operating Margin 13.35% 13.82% - 11.4% 14.06% 11.27% 13.08% 13.16% 12.57% 13.22% 13.22% 12.54% 12.54%
Earnings before Tax (EBT) - - - - - - - - - - - - -
Net income 289.4 280 - 393.1 590.8 - - - - - - - -
Net margin 9.44% 9.83% - 9.15% 11.48% - - - - - - - -
EPS 2 - - - - - 0.1587 0.2286 0.2209 0.2032 0.2170 0.3250 0.2490 0.3680
Dividend per Share - - - - - - - - - - - - -
Announcement Date 3/20/20 8/20/20 3/25/21 8/17/21 3/24/22 8/31/22 3/23/23 8/21/23 3/26/24 - - - -
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 2,539 3,706 4,283 4,691 5,394 6,260 8,452 9,634
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 204 1,185 647 1,092 - 2,110 2,319 2,745
ROE (net income / shareholders' equity) 40.8% 38.2% 38.2% 38.5% 36.8% 33.9% 31.6% 28.3%
ROA (Net income/ Total Assets) 13.7% 13.3% 13.6% 13.8% 13.8% 14.1% 14.1% 12.9%
Assets 1 3,932 5,245 7,257 9,220 10,577 11,731 14,712 17,451
Book Value Per Share 2 0.4600 0.6500 0.9100 1.100 1.360 1.680 2.170 2.600
Cash Flow per Share 2 0.0900 0.3700 0.2300 0.3700 - 0.5400 0.6600 0.8600
Capex 1 36 34.7 123 119 - 102 125 218
Capex / Sales 0.66% 0.53% 1.3% 0.94% - 0.62% 0.62% 0.98%
Announcement Date 3/20/20 3/25/21 3/24/22 3/23/23 3/26/24 - - -
1HKD in Million2HKD
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
20
Last Close Price
5.25 HKD
Average target price
7.03 HKD
Spread / Average Target
+33.90%
Consensus
  1. Stock Market
  2. Equities
  3. 2669 Stock
  4. Financials China Overseas Property Holdings Limited
-40% Limited Time Offer: Our subscriptions help you unlock hidden opportunities.
BENEFIT NOW