Financials Metro Land Corporation Ltd.

Equities

600683

CNE000000BR8

Real Estate Development & Operations

End-of-day quote Shanghai S.E. 06:00:00 2024-06-02 pm EDT 5-day change 1st Jan Change
4.04 CNY -3.12% Intraday chart for Metro Land Corporation Ltd. -7.55% -15.48%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,089 3,356 2,971 3,956 3,415 3,541
Enterprise Value (EV) 1 20,075 32,689 24,161 15,618 24,798 31,096
P/E ratio 8.69 x 45.3 x 7.16 x 12 x 16.9 x -3.59 x
Yield 4.8% - 6.23% 2.43% - -
Capitalization / Revenue 0.39 x 0.78 x 0.34 x 0.58 x 0.62 x 0.33 x
EV / Revenue 2.52 x 7.55 x 2.73 x 2.31 x 4.47 x 2.92 x
EV / EBITDA 14.3 x 36.1 x 14.7 x 28.3 x 92.9 x -29.4 x
EV / FCF -22.2 x -4.56 x 3.74 x 2.8 x -2.74 x -4.78 x
FCF Yield -4.51% -21.9% 26.7% 35.7% -36.4% -20.9%
Price to Book 1.21 x 1.25 x 0.88 x 1.26 x 1.19 x 1.92 x
Nbr of stocks (in thousands) 740,778 740,778 740,778 740,778 740,778 740,778
Reference price 2 4.170 4.530 4.010 5.340 4.610 4.780
Announcement Date 4/19/19 4/9/20 4/13/21 4/12/22 3/27/23 4/1/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 7,975 4,328 8,864 6,766 5,552 10,641
EBITDA 1 1,401 906.5 1,641 551 266.8 -1,059
EBIT 1 1,384 884.2 1,618 533.3 248.4 -1,077
Operating Margin 17.35% 20.43% 18.26% 7.88% 4.47% -10.12%
Earnings before Tax (EBT) 1 1,276 674.2 1,432 662.5 335.9 -1,144
Net income 1 357.9 76.81 496.9 328.6 202.2 -659.2
Net margin 4.49% 1.77% 5.61% 4.86% 3.64% -6.2%
EPS 2 0.4800 0.1000 0.5600 0.4436 0.2729 -1.330
Free Cash Flow 1 -905.6 -7,165 6,457 5,569 -9,038 -6,505
FCF margin -11.36% -165.55% 72.84% 82.31% -162.78% -61.13%
FCF Conversion (EBITDA) - - 393.5% 1,010.78% - -
FCF Conversion (Net income) - - 1,299.43% 1,694.71% - -
Dividend per Share 2 0.2000 - 0.2500 0.1300 - -
Announcement Date 4/19/19 4/9/20 4/13/21 4/12/22 3/27/23 4/1/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 16,986 29,334 21,190 11,662 21,383 27,555
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 12.12 x 32.36 x 12.91 x 21.17 x 80.14 x -26.02 x
Free Cash Flow 1 -906 -7,165 6,457 5,569 -9,038 -6,505
ROE (net income / shareholders' equity) 20.5% 10.5% 17% 3.4% 1.61% -10.3%
ROA (Net income/ Total Assets) 2.9% 1.42% 2.11% 0.69% 0.31% -1.18%
Assets 1 12,357 5,425 23,581 47,634 66,163 55,991
Book Value Per Share 2 3.460 3.630 4.580 4.240 3.880 2.490
Cash Flow per Share 2 4.200 2.820 6.600 6.650 5.410 13.60
Capex 1 17.9 18.2 10.9 7.15 3.08 3.57
Capex / Sales 0.22% 0.42% 0.12% 0.11% 0.06% 0.03%
Announcement Date 4/19/19 4/9/20 4/13/21 4/12/22 3/27/23 4/1/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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