SUNAC SERVICES HOLDINGS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.04 HKD | -1.45% |
|
+2.00% | +9.09% |
| May. 03 | Sunac Services Unit Chairman Gets Criticized By Shanghai, Shenzhen Bourses for Compliance Issues | MT |
| Mar. 26 | Sunac Services Holdings' Attributabel Loss Narrows, Misses Estimates | MT |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 44,823 | 19,950 | 11,339 | 5,196 | 5,773 | - | - |
| Enterprise Value (EV) 2 | 35,445 | 14,571 | 7,349 | 5,196 | 1,492 | 1,001 | 405 |
| P/E ratio | 74.3 x | 15.8 x | -23 x | -12.3 x | 8.06 x | 7.47 x | 6.96 x |
| Yield | 0.4% | 1.92% | 3.72% | - | 7.41% | 7.93% | 8.43% |
| Capitalization / Revenue | 9.7 x | 2.52 x | 1.59 x | 0.74 x | 0.76 x | 0.7 x | 0.66 x |
| EV / Revenue | 7.67 x | 1.84 x | 1.03 x | 0.74 x | 0.2 x | 0.12 x | 0.05 x |
| EV / EBITDA | 40 x | 8.25 x | -13.4 x | -21.7 x | 1.45 x | 0.9 x | 0.35 x |
| EV / FCF | 36 x | -27.3 x | -14.1 x | - | 1.16 x | 0.59 x | 0.18 x |
| FCF Yield | 2.77% | -3.66% | -7.08% | - | 86% | 169% | 564% |
| Price to Book | 3.56 x | 2.36 x | 1.48 x | - | 0.93 x | 0.89 x | 0.91 x |
| Nbr of stocks (in thousands) | 3,103,500 | 3,079,736 | 3,056,844 | 3,056,844 | 3,056,844 | - | - |
| Reference price 3 | 17.16 | 7.950 | 4.200 | 1.870 | 2.040 | 2.040 | 2.040 |
| Announcement Date | 3/10/21 | 3/29/22 | 3/20/23 | 3/25/24 | - | - | - |
1HKD in Million2CNY in Million3HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,827 | 4,623 | 7,904 | 7,126 | 7,010 | 7,582 | 8,200 | 8,751 |
| EBITDA 1 | - | 885.4 | 1,766 | -548.9 | -239 | 1,031 | 1,108 | 1,168 |
| EBIT 1 | - | 803.2 | 1,637 | -730.2 | -412.4 | 906.8 | 977.5 | 1,045 |
| Operating Margin | - | 17.38% | 20.71% | -10.25% | -5.88% | 11.96% | 11.92% | 11.94% |
| Earnings before Tax (EBT) 1 | - | 822.2 | 1,785 | -641.1 | -351.6 | 934.5 | 1,018 | 1,103 |
| Net income 1 | 269.9 | 600.9 | 1,276 | -481.9 | -435.1 | 664.3 | 720.3 | 733.3 |
| Net margin | 9.55% | 13% | 16.15% | -6.76% | -6.21% | 8.76% | 8.78% | 8.38% |
| EPS 2 | 33.25 | 0.2309 | 0.5044 | -0.1824 | -0.1518 | 0.2530 | 0.2730 | 0.2930 |
| Free Cash Flow 1 | - | 983.3 | -533.1 | -520.6 | - | 1,283 | 1,691 | 2,284 |
| FCF margin | - | 21.27% | -6.74% | -7.31% | - | 16.92% | 20.62% | 26.1% |
| FCF Conversion (EBITDA) | - | 111.05% | - | - | - | 124.42% | 152.56% | 195.61% |
| FCF Conversion (Net income) | - | 163.64% | - | - | - | 193.14% | 234.76% | 311.48% |
| Dividend per Share 2 | - | 0.0692 | 0.1525 | 0.1562 | - | 0.1512 | 0.1618 | 0.1720 |
| Announcement Date | 11/9/20 | 3/10/21 | 3/29/22 | 3/20/23 | 3/25/24 | - | - | - |
1CNY in Million2HKD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 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 | 2,832 | 3,319 | 4,584 | 3,989 | 3,138 | 3,396 | 3,613 | 3,279 | 4,008 | 3,499 | 4,277 |
| EBITDA | - | 732.9 | 978.8 | - | - | - | - | - | - | - | - |
| EBIT 1 | - | 676.1 | 906.3 | -1,078 | 347.9 | 432.7 | -845.1 | 398.7 | 487.3 | 412 | 503.5 |
| Operating Margin | - | 20.37% | 19.77% | -27.03% | 11.09% | 12.74% | -23.39% | 12.16% | 12.16% | 11.77% | 11.77% |
| Earnings before Tax (EBT) | - | 830.6 | - | - | - | - | - | - | - | - | - |
| Net income | - | 605.8 | 670.6 | -750.8 | - | - | - | - | - | - | - |
| Net margin | - | 18.25% | 14.63% | -18.82% | - | - | - | - | - | - | - |
| EPS 2 | - | - | 0.2583 | -0.2726 | 0.0912 | 0.1185 | -0.2712 | 0.1190 | 0.1520 | 0.1300 | 0.1520 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/10/21 | 8/30/21 | 3/29/22 | 8/29/22 | 3/20/23 | 8/21/23 | 3/25/24 | - | - | - | - |
1CNY in Million2HKD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 9,378 | 5,378 | 3,990 | - | 4,281 | 4,772 | 5,368 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | 983 | -533 | -521 | - | 1,283 | 1,691 | 2,284 |
| ROE (net income / shareholders' equity) | - | 12% | 14% | -5.98% | - | 12.6% | 12.7% | 13.1% |
| ROA (Net income/ Total Assets) | - | 7.89% | 9.66% | -3.71% | - | 6.62% | 6.42% | 6% |
| Assets 1 | - | 7,614 | 13,214 | 12,982 | - | 10,038 | 11,212 | 12,221 |
| Book Value Per Share 2 | - | 4.820 | 3.380 | 2.830 | - | 2.200 | 2.280 | 2.250 |
| Cash Flow per Share 2 | - | 0.5100 | -0.1500 | -0.1500 | - | 0.3900 | 0.3500 | 0.4000 |
| Capex 1 | - | 40.5 | 146 | 126 | - | 108 | 95.8 | 64.5 |
| Capex / Sales | - | 0.88% | 1.85% | 1.77% | - | 1.42% | 1.17% | 0.74% |
| Announcement Date | 11/9/20 | 3/10/21 | 3/29/22 | 3/20/23 | 3/25/24 | - | - | - |
1CNY in Million2HKD
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
C
Sell
Buy
Mean consensus
HOLD
Number of Analysts
9
Last Close Price
2.04
HKD
Average target price
1.866
HKD
Spread / Average Target
-8.52%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +9.09% | 798M | |
| -4.69% | 26.76B | |
| +10.06% | 21.71B | |
| -22.69% | 10.51B | |
| -17.72% | 9.76B | |
| +4.17% | 9.36B | |
| -5.43% | 6.69B | |
| -7.77% | 5.69B | |
| +37.01% | 4.63B | |
| +0.74% | 2.49B |
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