Financials Xinhu Zhongbao Co.,Ltd.

Equities

600208

CNE000000ZH8

Real Estate Development & Operations

End-of-day quote Shanghai S.E. 06:00:00 2024-05-07 pm EDT 5-day change 1st Jan Change
2.12 CNY -1.85% Intraday chart for Xinhu Zhongbao Co.,Ltd. -0.93% -2.30%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 24,938 31,979 26,145 25,055 21,355 18,464
Enterprise Value (EV) 1 85,274 89,446 64,467 47,841 48,520 40,703
P/E ratio 10 x 15.1 x 8.16 x 11 x 11.5 x 11.4 x
Yield 2.03% 0.26% 1.81% - 0.71% -
Capitalization / Revenue 1.45 x 2.16 x 1.9 x 1.48 x 1.66 x 1.07 x
EV / Revenue 4.95 x 6.04 x 4.67 x 2.83 x 3.76 x 2.37 x
EV / EBITDA 28.2 x 34.4 x 47.7 x 26.8 x 44.6 x 10.6 x
EV / FCF -7.85 x 25.3 x 3.01 x 13.5 x -12.1 x 6.53 x
FCF Yield -12.7% 3.95% 33.3% 7.41% -8.24% 15.3%
Price to Book 0.74 x 0.93 x 0.69 x 0.63 x 0.52 x 0.45 x
Nbr of stocks (in thousands) 8,599,344 8,460,113 8,433,889 8,407,665 8,407,665 8,508,941
Reference price 2 2.900 3.780 3.100 2.980 2.540 2.170
Announcement Date 4/26/19 4/28/20 4/30/21 4/29/22 4/29/23 4/29/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 17,227 14,810 13,792 16,891 12,899 17,210
EBITDA 1 3,029 2,598 1,352 1,783 1,088 3,850
EBIT 1 2,956 2,505 1,241 1,639 949.6 3,698
Operating Margin 17.16% 16.91% 9% 9.71% 7.36% 21.49%
Earnings before Tax (EBT) 1 3,528 2,756 3,736 2,851 2,144 3,381
Net income 1 2,506 2,153 3,165 2,237 1,858 1,631
Net margin 14.55% 14.54% 22.94% 13.24% 14.4% 9.48%
EPS 2 0.2900 0.2500 0.3800 0.2700 0.2200 0.1900
Free Cash Flow 1 -10,858 3,529 21,439 3,547 -3,999 6,233
FCF margin -63.03% 23.83% 155.44% 21% -31% 36.22%
FCF Conversion (EBITDA) - 135.84% 1,585.51% 198.91% - 161.89%
FCF Conversion (Net income) - 163.88% 677.47% 158.58% - 382.04%
Dividend per Share 2 0.0590 0.0100 0.0560 - 0.0180 -
Announcement Date 4/26/19 4/28/20 4/30/21 4/29/22 4/29/23 4/29/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 60,336 57,466 38,322 22,786 27,165 22,239
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 19.92 x 22.12 x 28.34 x 12.78 x 24.96 x 5.776 x
Free Cash Flow 1 -10,858 3,529 21,439 3,547 -3,999 6,233
ROE (net income / shareholders' equity) 8.01% 6.1% 8.93% 5.76% 4.3% 5.18%
ROA (Net income/ Total Assets) 1.4% 1.1% 0.55% 0.76% 0.46% 1.96%
Assets 1 179,386 195,091 570,797 292,743 402,316 83,071
Book Value Per Share 2 3.910 4.070 4.500 4.760 4.880 4.830
Cash Flow per Share 2 1.860 1.740 2.010 1.970 1.130 0.6700
Capex 1 34.9 48.3 61.5 80.2 25.8 23.9
Capex / Sales 0.2% 0.33% 0.45% 0.47% 0.2% 0.14%
Announcement Date 4/26/19 4/28/20 4/30/21 4/29/22 4/29/23 4/29/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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