Financials E-House (China) Enterprise Holdings Limited

Equities

2048

KYG2955A1013

Real Estate Services

Market Closed - Hong Kong S.E. 04:08:05 2024-05-31 am EDT 5-day change 1st Jan Change
0.145 HKD +1.40% Intraday chart for E-House (China) Enterprise Holdings Limited -16.67% -28.57%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 18,978 9,555 10,465 2,437 973.2 322.7
Enterprise Value (EV) 1 17,014 10,934 10,105 6,065 5,787 5,724
P/E ratio 16.8 x 11.4 x 33.8 x -0.21 x -0.25 x -0.26 x
Yield 1.5% 2.25% 0.87% - - -
Capitalization / Revenue 3.19 x 1.05 x 1.3 x 0.27 x 0.19 x 0.07 x
EV / Revenue 2.86 x 1.2 x 1.26 x 0.68 x 1.15 x 1.29 x
EV / EBITDA 10.6 x 8.43 x 9.2 x -0.93 x -2.18 x -7.34 x
EV / FCF -4.47 x -7.15 x 5.74 x 2.63 x 9.28 x -60 x
FCF Yield -22.4% -14% 17.4% 38.1% 10.8% -1.67%
Price to Book 2.41 x 1.21 x 0.87 x -2.09 x -0.19 x -0.05 x
Nbr of stocks (in thousands) 1,470,238 1,388,534 1,748,772 1,749,060 1,749,060 1,749,060
Reference price 2 12.91 6.881 5.984 1.393 0.5564 0.1845
Announcement Date 4/26/19 4/25/20 4/27/21 11/29/22 4/25/23 4/26/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 5,948 9,095 8,052 8,866 5,033 4,446
EBITDA 1 1,606 1,296 1,098 -6,516 -2,656 -779.4
EBIT 1 1,581 1,278 1,005 -6,787 -3,057 -974.6
Operating Margin 26.58% 14.05% 12.49% -76.55% -60.75% -21.92%
Earnings before Tax (EBT) 1 1,473 1,309 691.6 -11,904 -5,008 -1,543
Net income 1 950.3 860.9 304.4 -11,643 -3,896 -1,240
Net margin 15.98% 9.47% 3.78% -131.32% -77.41% -27.88%
EPS 2 0.7668 0.6049 0.1770 -6.657 -2.228 -0.7088
Free Cash Flow 1 -3,805 -1,530 1,761 2,310 623.9 -95.48
FCF margin -63.97% -16.82% 21.87% 26.05% 12.4% -2.15%
FCF Conversion (EBITDA) - - 160.35% - - -
FCF Conversion (Net income) - - 578.54% - - -
Dividend per Share 2 0.1939 0.1548 0.0522 - - -
Announcement Date 4/26/19 4/25/20 4/27/21 11/29/22 4/25/23 4/26/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 1,379 - 3,628 4,814 5,402
Net Cash position 1 1,964 - 360 - - -
Leverage (Debt/EBITDA) - 1.064 x - -0.5568 x -1.813 x -6.931 x
Free Cash Flow 1 -3,805 -1,530 1,761 2,310 624 -95.5
ROE (net income / shareholders' equity) 21.3% 12.1% 4.49% -214% 197% 26.3%
ROA (Net income/ Total Assets) 10.9% 5.51% 2.93% -22.4% -21.3% -12.3%
Assets 1 8,732 15,619 10,401 52,018 18,331 10,109
Book Value Per Share 2 5.350 5.670 6.850 -0.6700 -2.980 -3.740
Cash Flow per Share 2 1.830 1.650 5.010 1.900 0.7100 0.3700
Capex 1 355 194 177 369 35.5 12.3
Capex / Sales 5.97% 2.13% 2.19% 4.16% 0.71% 0.28%
Announcement Date 4/26/19 4/25/20 4/27/21 11/29/22 4/25/23 4/26/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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