Financials Vantone Neo Development Group Co., Ltd.

Equities

600246

CNE0000014S5

Real Estate Development & Operations

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
7.65 CNY +5.52% Intraday chart for Vantone Neo Development Group Co., Ltd. -4.61% +17.87%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 10,804 13,881 20,735 11,770 12,144 13,805 -
Enterprise Value (EV) 1 10,804 13,881 20,735 11,770 12,144 13,805 13,805
P/E ratio 17.9 x 277 x 113 x -36.9 x -31.1 x -255 x -765 x
Yield - - - - - - -
Capitalization / Revenue 9.8 x 10.2 x - - 24.9 x 25.8 x 21.5 x
EV / Revenue 9.8 x 10.2 x - - 24.9 x 25.8 x 21.5 x
EV / EBITDA - 49.9 x - - - 122 x 89.1 x
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Price to Book 1.4 x 2.01 x - - 2.37 x 2.69 x 2.7 x
Nbr of stocks (in thousands) 2,054,009 1,991,542 1,945,132 1,871,243 1,871,243 1,804,616 -
Reference price 2 5.260 6.970 10.66 6.290 6.490 7.650 7.650
Announcement Date 4/30/20 4/9/21 4/15/22 4/28/23 3/29/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 1,103 1,362 - - 487.2 535 641
EBITDA 1 - 278.1 - - - 113 155
EBIT 1 660.7 147.8 - - -373.1 -77 -29
Operating Margin 59.91% 10.85% - - -76.58% -14.39% -4.52%
Earnings before Tax (EBT) 1 670.8 156.5 - - -367.9 -72 -24
Net income 1 604.8 50.87 184.8 -323.1 -390.1 -62 -20
Net margin 54.84% 3.73% - - -80.08% -11.59% -3.12%
EPS 2 0.2944 0.0252 0.0946 -0.1706 -0.2085 -0.0300 -0.0100
Free Cash Flow - - - - - - -
FCF margin - - - - - - -
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share - - - - - - -
Announcement Date 4/30/20 4/9/21 4/15/22 4/28/23 3/29/24 - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow - - - - - - -
ROE (net income / shareholders' equity) 8.11% 0.66% - - -6.7% -1.06% -0.35%
ROA (Net income/ Total Assets) - - - - - -0.65% -0.21%
Assets 1 - - - - - 9,538 9,524
Book Value Per Share 2 3.750 3.470 - - 2.740 2.840 2.830
Cash Flow per Share 2 -0.1700 0.6000 - - 0.0400 0.1700 0.1200
Capex 1 - 6.95 - - 11.1 12 11
Capex / Sales - 0.51% - - 2.29% 2.24% 1.72%
Announcement Date 4/30/20 4/9/21 4/15/22 4/28/23 3/29/24 - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
7.65
Average target price
-
Consensus

Annual profits - Rate of surprise

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