Financials Onewo Inc.

Equities

2602

CNE100005K85

Real Estate Services

End-of-day quote Hong Kong S.E. Other stock markets 06:00:00 2024-05-06 pm EDT			5-day change	1st Jan Change
24.25 ^CNY	+1.25%		+16.31%	-2.61%

May. 03	Onewo Cancels 5.6 Million Repurchased Shares	MT
Mar. 22	Onewo's 2023 Profit Rises on Higher Revenue, Misses Estimates; Shares Up 3%	MT

Valuation

Fiscal Period: December	2022	2023	2024	2025	2026
Capitalization ¹	51,051	26,621	25,862	-	-
Enterprise Value (EV) ¹	37,308	11,228	12,108	7,954	9,153
P/E ratio	30.9 x	13.6 x	11.6 x	9.79 x	9.1 x
Yield	0.56%	4.83%	5.47%	6%	6.97%
Capitalization / Revenue	1.7 x	0.8 x	0.7 x	0.62 x	0.57 x
EV / Revenue	1.24 x	0.34 x	0.33 x	0.19 x	0.2 x
EV / EBITDA	13.1 x	3.16 x	3.1 x	1.81 x	1.83 x
EV / FCF	-	-	-	-	-
FCF Yield	-	-	-	-	-
Price to Book	3.1 x	1.51 x	1.41 x	1.33 x	1.25 x
Nbr of stocks (in thousands)	1,178,469	1,176,283	1,175,210	-	-
Reference price ²	43.32	22.63	22.01	22.01	22.01
Announcement Date	3/27/23	3/22/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	-	30,106	33,183	36,891	41,524	45,673
EBITDA ¹	-	2,841	3,558	3,901	4,390	5,007
EBIT ¹	-	1,986	2,690	2,906	3,428	3,877
Operating Margin	-	6.6%	8.11%	7.88%	8.26%	8.49%
Earnings before Tax (EBT) ¹	-	2,021	2,658	3,103	3,676	4,001
Net income ¹	1,668	1,510	1,955	2,260	2,658	2,924
Net margin	-	5.02%	5.89%	6.13%	6.4%	6.4%
EPS ²	1.650	1.400	1.660	1.893	2.249	2.419
Free Cash Flow	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-
Dividend per Share ²	-	0.2410	1.092	1.204	1.319	1.535
Announcement Date	9/18/22	3/27/23	3/22/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2
Net sales ¹	15,863	16,020	17,164	16,344	19,976
EBITDA	-	-	-	-	-
EBIT ¹	1,025	1,402	1,288	1,245	1,522
Operating Margin	6.46%	8.75%	7.5%	7.62%	7.62%
Earnings before Tax (EBT)	-	-	-	-	-
Net income	-	-	-	-	-
Net margin	-	-	-	-	-
EPS	-	-	-	-	-
Dividend per Share	-	-	-	-	-
Announcement Date	3/27/23	8/24/23	3/22/24	-	-

¹CNY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-
Net Cash position ¹	-	13,743	15,394	13,754	17,908	16,709
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	11.5%	11.5%	12.9%	13.7%	14.6%
ROA (Net income/ Total Assets)	-	4.6%	5.12%	5.85%	6.18%	6.33%
Assets ¹	-	32,817	38,173	38,640	43,026	46,191
Book Value Per Share ²	-	14.00	15.00	15.70	16.60	17.60
Cash Flow per Share ²	-	2.550	2.190	2.290	2.660	1.700
Capex ¹	-	459	365	396	481	390
Capex / Sales	-	1.52%	1.1%	1.07%	1.16%	0.85%
Announcement Date	9/18/22	3/27/23	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

Ratings for Onewo Inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

22.37 CNY

Average target price

26.15 CNY

Spread / Average Target

+16.89%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Residential Real Estate Services

	1st Jan change	Capi.
ONEWO INC.	-2.61%	3.64B
CHINA RESOURCES MIXC LIFESTYLE SERVICES LIMITED	+1.62%	8.58B
COUNTRY GARDEN SERVICES HOLDINGS COMPANY LIMITED	-18.81%	2.48B
POLY PROPERTY SERVICES CO., LTD.	+8.51%	2.35B
OPENDOOR TECHNOLOGIES INC.	-51.23%	1.56B
GREENTOWN SERVICE GROUP CO. LTD.	+33.33%	1.63B
RELO GROUP, INC.	-18.36%	1.37B
KATITAS CO., LTD.	-11.33%	952M
REDFIN CORPORATION	-38.91%	761M
5I5J HOLDING GROUP CO., LTD.	-10.22%	659M

Residential Real Estate Services