Financials CSI Properties Limited

Equities

Market Closed - Hong Kong S.E. Other stock markets 04:08:20 2024-04-26 am EDT			5-day change	1st Jan Change
0.09 ^HKD	+1.12%		0.00%	-6.25%

Mar. 28	CSI Properties Limited Announces Executive Changes	CI
2023	CSI Properties Plans Further Buyback of Shares	MT

Fiscal Period: Maart	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	4,015	2,207	2,372	1,827	1,490	828.9	-
Enterprise Value (EV) ¹	4,015	11,514	2,372	10,233	9,495	8,402	8,350
P/E ratio	7.58 x	1.91 x	-	1.59 x	4.44 x	2.33 x	2.66 x
Yield	1.8%	2.22%	1.68%	2.15%	2.64%	5.11%	4.56%
Capitalization / Revenue	1.17 x	0.59 x	6.43 x	4.35 x	1.85 x	0.52 x	0.7 x
EV / Revenue	1.17 x	3.1 x	6.43 x	24.3 x	11.8 x	5.26 x	7.09 x
EV / EBITDA	3.81 x	9.25 x	4.78 x	33.7 x	14 x	11.4 x	19.4 x
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	-	-	-	-	-	-	-
Nbr of stocks (in thousands)	10,037,090	9,807,570	9,488,720	9,371,730	9,368,940	9,209,790	-
Reference price ²	0.4000	0.2250	0.2500	0.1950	0.1590	0.0900	0.0900
Announcement Date	6/28/19	6/29/20	6/28/21	6/29/22	6/29/23	-	-

¹HKD in Million²HKD

Estimates

Fiscal Period: Maart	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	3,439	3,710	368.7	420.5	804.3	1,597	1,178
EBITDA ¹	1,054	1,244	496.1	303.7	676.3	734	431
EBIT ¹	-	1,210	-	268	641.6	697	392
Operating Margin	-	32.63%	-	63.73%	79.77%	43.64%	33.28%
Earnings before Tax (EBT) ¹	737.8	1,309	-	1,335	383.4	377	302
Net income ¹	529.9	1,156	-	1,156	335.7	356	312
Net margin	15.41%	31.15%	-	274.98%	41.73%	22.29%	26.49%
EPS ²	0.0528	0.1177	-	0.1226	0.0358	0.0386	0.0338
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	0.007200	0.005000	0.004200	0.004200	0.004200	0.004600	0.004100
Announcement Date	6/28/19	6/29/20	6/28/21	6/29/22	6/29/23	-	-

¹HKD in Million²HKD

Estimates

Fiscal Period: Maart	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	-	9,307	-	8,406	8,005	7,573	7,521
Net Cash position ¹	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	7.481 x	-	27.68 x	11.84 x	10.32 x	17.45 x
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	3.95%	9.27%	-	7.56%	2.33%	2.5%	2.1%
ROA (Net income/ Total Assets)	2.03%	4.32%	-	4.04%	1.18%	1.3%	1.1%
Assets ¹	26,095	26,721	-	28,644	28,380	27,385	28,364
Book Value Per Share	-	-	-	-	-	-	-
Cash Flow per Share	-	-	-	-	-	-	-
Capex	73.8	-	-	6.03	-	-	-
Capex / Sales	2.14%	-	-	1.43%	-	-	-
Announcement Date	6/28/19	6/29/20	6/28/21	6/29/22	6/29/23	-	-

¹HKD in Million

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

0.09 HKD

Average target price

0.167 HKD

Spread / Average Target

+85.56%

	1st Jan change	Capi.
CSI PROPERTIES LIMITED	-6.25%	106M
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SUN HUNG KAI PROPERTIES LIMITED	-13.74%	26.97B
DLF LIMITED	+25.00%	26.95B
CHINA RESOURCES LAND LIMITED	-0.71%	25.32B
MITSUBISHI ESTATE CO., LTD.	+44.49%	22.58B
EMAAR PROPERTIES	+2.78%	19.59B
CHINA OVERSEAS LAND & INVESTMENT LTD.	+1.45%	19.52B
SUMITOMO REALTY & DEVELOPMENT CO., LTD.	+28.54%	16.23B
CK ASSET HOLDINGS LIMITED	-14.80%	14.98B