Financials China Sandi Holdings Limited

Equities

910

BMG2118U1018

Real Estate Development & Operations

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
0.03 HKD 0.00% Intraday chart for China Sandi Holdings Limited -18.92% -67.74%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 1,486 1,879 2,773 2,526 1,990 903.3
Enterprise Value (EV) 2 1,959 2,635 7,143 11,360 11,380 8,710
P/E ratio -8.33 x -17.4 x 6.13 x 8.55 x 40.5 x 112 x
Yield - - - - - -
Capitalization / Revenue 13 x 8.26 x 1.43 x 0.78 x 0.68 x 0.26 x
EV / Revenue 17.1 x 11.6 x 3.68 x 3.52 x 3.89 x 2.53 x
EV / EBITDA 29.3 x 33.2 x 9.31 x 13.8 x 28.5 x 13.7 x
EV / FCF -7.09 x -11.5 x 3.97 x -2.88 x 29.6 x 3.92 x
FCF Yield -14.1% -8.68% 25.2% -34.8% 3.38% 25.5%
Price to Book 0.39 x 0.61 x 0.7 x 0.54 x 0.41 x 0.19 x
Nbr of stocks (in thousands) 4,458,901 4,458,901 5,087,208 5,087,208 5,088,208 5,088,208
Reference price 3 0.3332 0.4215 0.5451 0.4966 0.3911 0.1775
Announcement Date 7/24/17 4/26/19 5/12/20 4/23/21 4/28/22 4/27/23
1CNY in Million2HKD in Million3CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 114.3 227.5 1,942 3,225 2,928 3,449
EBITDA 1 66.8 79.41 767.4 824.3 398.6 635
EBIT 1 66.02 76.78 753.4 814.4 390.2 629.1
Operating Margin 57.75% 33.74% 38.81% 25.25% 13.33% 18.24%
Earnings before Tax (EBT) 1 -130.6 -80.44 722.7 855.1 383.7 172.4
Net income 1 -116.5 -108 482.2 420.5 169.7 42.1
Net margin -101.88% -47.44% 24.83% 13.04% 5.8% 1.22%
EPS 2 -0.0400 -0.0243 0.0889 0.0581 0.009648 0.001590
Free Cash Flow 1 -276.3 -228.7 1,801 -3,951 385.1 2,223
FCF margin -241.65% -100.5% 92.76% -122.5% 13.15% 64.45%
FCF Conversion (EBITDA) - - 234.69% - 96.61% 350.02%
FCF Conversion (Net income) - - 373.51% - 226.93% 5,279.26%
Dividend per Share - - - - - -
Announcement Date 7/24/17 4/26/19 5/12/20 4/23/21 4/28/22 4/27/23
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 473 756 4,370 8,834 9,390 7,807
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 7.08 x 9.517 x 5.695 x 10.72 x 23.56 x 12.29 x
Free Cash Flow 1 -276 -229 1,801 -3,951 385 2,223
ROE (net income / shareholders' equity) -4% 4.97% 11.6% 12.1% 4.1% 0.28%
ROA (Net income/ Total Assets) 0.91% 2.34% 2.46% 2.15% 0.85% 1.4%
Assets 1 -12,807 -4,622 19,633 19,573 19,867 3,004
Book Value Per Share 2 0.8600 0.6900 0.7800 0.9200 0.9500 0.9600
Cash Flow per Share 2 0.0100 0.0300 0.1400 0.1600 0.1200 0.0600
Capex 1 0.23 7.45 13.9 5.4 3.65 1.07
Capex / Sales 0.2% 3.27% 0.72% 0.17% 0.12% 0.03%
Announcement Date 7/24/17 4/26/19 5/12/20 4/23/21 4/28/22 4/27/23
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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