Financials Longfor Group Holdings Limited

Equities

960

KYG5635P1090

Real Estate Development & Operations

Market Closed - Hong Kong S.E. 04:08:07 2024-05-09 am EDT 5-day change 1st Jan Change
11.92 HKD 0.00% Intraday chart for Longfor Group Holdings Limited +1.02% -4.64%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 195,163 231,502 181,644 134,810 74,891 74,528 - -
Enterprise Value (EV) 1 300,046 231,502 321,836 270,194 74,891 194,384 206,878 200,560
P/E ratio 10.6 x 11.4 x 7.49 x 5.3 x 5.52 x 5.95 x 5.73 x 5.37 x
Yield 3.68% - 5.68% 5.27% - 4.93% 5.32% 5.67%
Capitalization / Revenue 1.29 x 1.25 x 0.81 x 0.54 x 0.41 x 0.44 x 0.45 x 0.47 x
EV / Revenue 1.99 x 1.25 x 1.44 x 1.08 x 0.41 x 1.16 x 1.25 x 1.25 x
EV / EBITDA 7.43 x 5.52 x 7.9 x 6.54 x 3.72 x 8.89 x 8.97 x 7.95 x
EV / FCF 16.5 x 9.58 x 11.5 x 27.6 x - 8 x 6.69 x 6.17 x
FCF Yield 6.05% 10.4% 8.7% 3.63% - 12.5% 15% 16.2%
Price to Book 2.03 x 2.14 x 1.41 x 0.95 x - 0.45 x 0.43 x 0.41 x
Nbr of stocks (in thousands) 5,983,111 6,058,514 6,074,310 6,281,542 6,591,755 6,767,304 - -
Reference price 2 32.62 38.21 29.90 21.46 11.36 11.01 11.01 11.01
Announcement Date 3/24/20 3/26/21 3/25/22 3/17/23 3/22/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 151,026 184,547 223,375 250,565 180,737 167,798 165,005 159,911
EBITDA 1 40,384 41,960 40,745 41,344 20,121 21,868 23,062 25,243
EBIT 1 40,242 41,702 40,256 40,906 19,819 19,331 21,447 22,718
Operating Margin 26.65% 22.6% 18.02% 16.33% 10.97% 11.52% 13% 14.21%
Earnings before Tax (EBT) 1 45,961 46,370 47,627 45,822 24,729 22,442 24,269 25,533
Net income 1 18,337 20,002 23,854 24,362 12,850 12,092 12,952 13,758
Net margin 12.14% 10.84% 10.68% 9.72% 7.11% 7.21% 7.85% 8.6%
EPS 2 3.070 3.340 3.990 4.050 2.060 1.851 1.921 2.050
Free Cash Flow 1 18,148 24,163 28,009 9,807 - 24,293 30,946 32,517
FCF margin 12.02% 13.09% 12.54% 3.91% - 14.48% 18.75% 20.33%
FCF Conversion (EBITDA) 44.94% 57.59% 68.74% 23.72% - 111.09% 134.18% 128.82%
FCF Conversion (Net income) 98.97% 120.8% 117.42% 40.26% - 200.89% 238.93% 236.35%
Dividend per Share 2 1.200 - 1.700 1.130 - 0.5431 0.5860 0.6245
Announcement Date 3/24/20 3/26/21 3/25/22 3/17/23 3/22/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2
Net sales 1 112,457 51,141 133,406 60,615 162,760 94,805 155,761 62,044 118,692 66,012 113,333 71,418 107,127
EBITDA - - - - - - - - - - - - -
EBIT 1 - - - - - - - - 11,208 8,271 11,241 - -
Operating Margin - - - - - - - - 9.44% 12.53% 9.92% - -
Earnings before Tax (EBT) - - - - - - - - - - - - -
Net income - 6,339 - - - - - - - - - - -
Net margin - 12.39% - - - - - - - - - - -
EPS 2 - - - - - - - - 0.7520 0.9900 1.180 - -
Dividend per Share 2 - 0.4000 - 0.4700 - - - - - 0.3300 0.3170 - -
Announcement Date 3/24/20 8/26/20 3/26/21 8/25/21 3/25/22 8/26/22 3/17/23 8/18/23 3/22/24 - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 104,883 - 140,193 135,384 - 119,856 132,350 126,032
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.597 x - 3.441 x 3.275 x - 5.481 x 5.739 x 4.993 x
Free Cash Flow 1 18,148 24,163 28,009 9,807 - 24,293 30,946 32,517
ROE (net income / shareholders' equity) 20.9% 19.8% 20.4% 16.9% - 7.54% 7.49% 7.89%
ROA (Net income/ Total Assets) 3.16% 2.82% 2.91% 2.71% - 1.94% 1.97% 2.07%
Assets 1 579,556 708,714 820,391 898,405 - 624,717 656,903 666,104
Book Value Per Share 2 16.00 17.90 21.20 22.60 - 24.50 25.80 27.00
Cash Flow per Share 2 5.730 6.140 4.770 1.660 - 6.230 6.730 7.290
Capex 1 16,128 12,567 523 154 - 10,086 9,544 11,506
Capex / Sales 10.68% 6.81% 0.23% 0.06% - 6.01% 5.78% 7.2%
Announcement Date 3/24/20 3/26/21 3/25/22 3/17/23 3/22/24 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
26
Last Close Price
11.01 CNY
Average target price
12.92 CNY
Spread / Average Target
+17.30%
Consensus
  1. Stock Market
  2. Equities
  3. 960 Stock
  4. Financials Longfor Group Holdings Limited
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