Financials Easyhome New Retail Group Corporation Limited

Equities

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-05-08 pm EDT			5-day change	1st Jan Change
2.99 ^CNY	+2.75%		-2.29%	-9.39%

May. 06	Keep's Largest Shareholder Cancels Proxy Voting Agreement	MT
Apr. 26	Easyhome New Retail Group Corporation Limited Proposes Final Cash Dividend for the Year 2023	CI

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	54,779	33,523	26,462	20,553	18,745	-	-
Enterprise Value (EV) ¹	54,779	33,523	26,462	20,553	18,745	18,745	18,745
P/E ratio	38.1 x	14.3 x	16.4 x	15.7 x	13.9 x	10.1 x	12 x
Yield	-	-	-	-	1.84%	3.6%	2.01%
Capitalization / Revenue	6.09 x	2.56 x	2.04 x	1.52 x	1.25 x	1.11 x	1.05 x
EV / Revenue	6.09 x	2.56 x	2.04 x	1.52 x	1.25 x	1.11 x	1.05 x
EV / EBITDA	-	8.71 x	4.36 x	-	4.85 x	3.72 x	4.3 x
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	-	1.74 x	1.34 x	-	0.91 x	0.84 x	0.83 x
Nbr of stocks (in thousands)	6,529,037	6,496,757	6,469,828	6,228,079	6,269,091	-	-
Reference price ²	8.390	5.160	4.090	3.300	2.990	2.990	2.990
Announcement Date	4/14/21	4/21/22	4/27/23	4/25/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	8,993	13,071	12,981	13,512	15,056	16,929	17,823
EBITDA ¹	-	3,848	6,072	-	3,861	5,035	4,362
EBIT ¹	-	3,266	2,502	2,019	1,882	2,653	2,252
Operating Margin	-	24.98%	19.28%	14.94%	12.5%	15.67%	12.63%
Earnings before Tax (EBT) ¹	-	3,197	2,472	1,918	1,852	2,624	2,211
Net income ¹	1,363	2,325	1,648	1,300	1,343	1,860	1,559
Net margin	15.15%	17.79%	12.7%	9.62%	8.92%	10.98%	8.75%
EPS ²	0.2200	0.3600	0.2500	0.2100	0.2150	0.2967	0.2500
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	-	-	-	-	0.0550	0.1075	0.0600
Announcement Date	4/14/21	4/21/22	4/27/23	4/25/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	7.71%	11.9%	8.34%	-	6.47%	8.38%	6.84%
ROA (Net income/ Total Assets)	-	-	3.09%	-	2.35%	3.2%	2.3%
Assets ¹	-	-	53,387	-	57,165	58,114	67,788
Book Value Per Share ²	-	2.970	3.060	-	3.300	3.550	3.600
Cash Flow per Share ²	-	0.8800	0.5900	-	0.7000	0.6500	0.7300
Capex ¹	-	1,333	951	-	995	751	733
Capex / Sales	-	10.2%	7.33%	-	6.61%	4.43%	4.11%
Announcement Date	4/14/21	4/21/22	4/27/23	4/25/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2.99 CNY

Average target price

4.22 CNY

Spread / Average Target

+41.14%

	1st Jan change	Capi.
EASYHOME NEW RETAIL GROUP CORPORATION LIMITED	-9.39%	2.6B
SCENTRE GROUP	+6.02%	10.83B
THE PHOENIX MILLS LIMITED	+26.60%	6.05B
ARABIAN CENTRES COMPANY	+17.90%	3.1B
PLAZA S.A.	+15.60%	3.04B
MULTIPLAN EMPREENDIMENTOS IMOBILIARIOS S.A.	-17.52%	2.7B
AEON MALL CO., LTD.	+3.75%	2.67B
ATRIUM LJUNGBERG AB	-10.25%	2.4B
ALLOS S.A.	-22.45%	2.27B
OLAV THON EIENDOMSSELSKAP ASA	+22.25%	2.08B