Financials Landsea Green Management Limited

Equities

106

BMG5370A1018

Real Estate Development & Operations

Market Closed - Hong Kong S.E. 04:08:24 2024-06-06 am EDT 5-day change 1st Jan Change
0.059 HKD 0.00% Intraday chart for Landsea Green Management Limited -6.35% -9.23%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,939 3,503 2,464 1,366 592.2 279
Enterprise Value (EV) 1 6,627 7,044 4,315 6,278 7,628 7,335
P/E ratio 3.42 x 2.94 x -23.7 x -1.71 x -0.22 x -0.31 x
Yield 4.59% 9.98% 4.79% - - -
Capitalization / Revenue 0.52 x 0.41 x 0.27 x 0.17 x 0.04 x 0.03 x
EV / Revenue 0.88 x 0.82 x 0.48 x 0.78 x 0.54 x 0.81 x
EV / EBITDA 4.63 x 4.57 x 8.97 x 32.8 x -9.65 x -9.16 x
EV / FCF 6.19 x -19.9 x 4.12 x -2.11 x -7.34 x 48.8 x
FCF Yield 16.1% -5.02% 24.3% -47.3% -13.6% 2.05%
Price to Book 0.9 x 0.66 x 0.49 x 0.35 x 0.83 x -25.3 x
Nbr of stocks (in thousands) 4,722,308 4,722,308 4,722,308 4,722,308 4,722,308 4,722,308
Reference price 2 0.8342 0.7417 0.5218 0.2893 0.1254 0.0591
Announcement Date 4/23/19 4/24/20 4/30/21 4/27/22 4/28/23 4/29/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 7,561 8,559 8,992 8,076 14,019 9,040
EBITDA 1 1,433 1,540 481.1 191.2 -790.4 -800.5
EBIT 1 1,376 1,515 450 149.4 -825.9 -846.4
Operating Margin 18.2% 17.7% 5% 1.85% -5.89% -9.36%
Earnings before Tax (EBT) 1 2,262 2,082 521.7 -506.9 -1,746 -823.3
Net income 1 1,113 1,172 -100.6 -777.5 -2,589 -860.8
Net margin 14.72% 13.69% -1.12% -9.63% -18.47% -9.52%
EPS 2 0.2436 0.2521 -0.0220 -0.1694 -0.5694 -0.1895
Free Cash Flow 1 1,070 -353.9 1,048 -2,970 -1,039 150.2
FCF margin 14.15% -4.14% 11.65% -36.77% -7.41% 1.66%
FCF Conversion (EBITDA) 74.68% - 217.77% - - -
FCF Conversion (Net income) 96.15% - - - - -
Dividend per Share 2 0.0383 0.0740 0.0250 - - -
Announcement Date 4/23/19 4/24/20 4/30/21 4/27/22 4/28/23 4/29/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 2,688 3,541 1,851 4,912 7,036 7,056
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.876 x 2.299 x 3.847 x 25.69 x -8.902 x -8.814 x
Free Cash Flow 1 1,070 -354 1,048 -2,970 -1,039 150
ROE (net income / shareholders' equity) 34.1% 27.3% 0.56% -12.6% -59.3% -36.2%
ROA (Net income/ Total Assets) 3.65% 3.6% 1.11% 0.36% -2.16% -2.69%
Assets 1 30,478 32,572 -9,037 -218,954 120,033 32,007
Book Value Per Share 2 0.9300 1.120 1.060 0.8300 0.1500 -0
Cash Flow per Share 2 1.140 0.9500 1.090 0.8500 0.2700 0.2100
Capex 1 669 208 26.2 22.7 8.51 63.6
Capex / Sales 8.84% 2.43% 0.29% 0.28% 0.06% 0.7%
Announcement Date 4/23/19 4/24/20 4/30/21 4/27/22 4/28/23 4/29/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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