Financials Million Cities Holdings Limited

Equities

2892

KYG6130M1042

Real Estate Development & Operations

Market Closed - Hong Kong S.E. 04:08:05 2024-05-31 am EDT 5-day change 1st Jan Change
0.55 HKD -.--% Intraday chart for Million Cities Holdings Limited -.--% +37.50%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 829.8 710.5 694.4 635.6 430.6 272.7
Enterprise Value (EV) 1 260.2 281.2 691.6 548.8 381.1 -91.46
P/E ratio 18.9 x 39.6 x 6.16 x 3.82 x 6.22 x -0.57 x
Yield - - - - - -
Capitalization / Revenue 1.46 x 2.01 x 0.56 x 0.47 x 0.75 x 0.42 x
EV / Revenue 0.46 x 0.79 x 0.56 x 0.41 x 0.67 x -0.14 x
EV / EBITDA 1.38 x 4.61 x 1.44 x 2.64 x 2.1 x 0.35 x
EV / FCF 1.74 x -2.73 x 25.5 x 15 x 2.8 x -0.19 x
FCF Yield 57.5% -36.6% 3.93% 6.69% 35.8% -514%
Price to Book 1.04 x 0.87 x 0.75 x 0.58 x 0.37 x 0.4 x
Nbr of stocks (in thousands) 750,000 750,000 750,000 750,000 750,000 750,000
Reference price 2 1.106 0.9473 0.9258 0.8474 0.5741 0.3636
Announcement Date 4/30/19 4/29/20 4/28/21 4/28/22 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 1 567.8 354.3 1,241 1,349 571.2 641.6
EBITDA 1 189.1 60.99 480.9 208.2 181.9 -264.6
EBIT 1 185.2 55.22 472.1 200.5 176.1 -271.8
Operating Margin 32.61% 15.58% 38.03% 14.87% 30.83% -42.36%
Earnings before Tax (EBT) 1 188.3 58.84 471 289.6 237.1 -526.2
Net income 1 33.38 17.95 112.7 166.4 69.18 -482.3
Net margin 5.88% 5.07% 9.08% 12.34% 12.11% -75.16%
EPS 2 0.0587 0.0239 0.1503 0.2218 0.0922 -0.6430
Free Cash Flow 1 149.7 -103 27.16 36.7 136.3 469.7
FCF margin 26.37% -29.07% 2.19% 2.72% 23.86% 73.21%
FCF Conversion (EBITDA) 79.18% - 5.65% 17.63% 74.93% -
FCF Conversion (Net income) 448.65% - 24.09% 22.06% 197.03% -
Dividend per Share - - - - - -
Announcement Date 4/30/19 4/29/20 4/28/21 4/28/22 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 - - - - - -
Net Cash position 1 570 429 2.76 86.7 49.5 364
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 150 -103 27.2 36.7 136 470
ROE (net income / shareholders' equity) 13.3% 1.93% 22.2% 14.8% 8.11% -52.6%
ROA (Net income/ Total Assets) 4.09% 0.9% 8.12% 3.89% 3.8% -7.67%
Assets 1 816.8 1,989 1,388 4,274 1,821 6,284
Book Value Per Share 2 1.060 1.090 1.240 1.460 1.560 0.9100
Cash Flow per Share 2 1.480 0.9800 0.4900 0.5000 0.2700 0.4800
Capex 1 1.26 2.23 4.64 4.39 2.59 1.9
Capex / Sales 0.22% 0.63% 0.37% 0.33% 0.45% 0.3%
Announcement Date 4/30/19 4/29/20 4/28/21 4/28/22 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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