Financials Zhong Ao Home Group Limited

Equities

1538

KYG9897C1033

Real Estate Services

Market Closed - Hong Kong S.E. 04:09:00 2024-05-03 am EDT 5-day change 1st Jan Change
0.375 HKD -3.85% Intraday chart for Zhong Ao Home Group Limited -1.32% -14.77%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 441.2 462.9 423.8 532.2 424.7 369.8
Enterprise Value (EV) 1 58.37 159 141.1 138.9 42.98 -22.57
P/E ratio 4.85 x 4.81 x 3.9 x 3.97 x 4 x 4.81 x
Yield 7.57% 3.85% 4.74% 4.06% 4.1% 5.11%
Capitalization / Revenue 0.45 x 0.45 x 0.28 x 0.3 x 0.23 x 0.22 x
EV / Revenue 0.06 x 0.16 x 0.09 x 0.08 x 0.02 x -0.01 x
EV / EBITDA 0.34 x 1.06 x 0.61 x 0.61 x 0.2 x -0.14 x
EV / FCF 0.65 x 3.56 x 0.87 x 0.57 x -0.32 x -0.35 x
FCF Yield 153% 28.1% 115% 175% -308% -289%
Price to Book 0.9 x 0.82 x 0.62 x 0.65 x 0.47 x 0.4 x
Nbr of stocks (in thousands) 802,606 811,106 817,622 854,550 854,550 854,550
Reference price 2 0.5497 0.5708 0.5183 0.6228 0.4970 0.4328
Announcement Date 4/24/18 4/26/19 4/27/20 4/29/21 4/27/22 4/25/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 977.6 1,023 1,519 1,752 1,874 1,702
EBITDA 1 170 150.1 231 227 209.9 161.7
EBIT 1 144.2 125.5 199.3 191.7 173.1 123.8
Operating Margin 14.75% 12.27% 13.12% 10.94% 9.24% 7.27%
Earnings before Tax (EBT) 1 149.2 157.4 175 202.6 190.9 132.6
Net income 1 90.55 96.09 108.6 131.5 106.3 76.91
Net margin 9.26% 9.39% 7.15% 7.5% 5.67% 4.52%
EPS 2 0.1134 0.1185 0.1328 0.1571 0.1244 0.0900
Free Cash Flow 1 89.56 44.72 161.7 243.6 -132.4 65.14
FCF margin 9.16% 4.37% 10.64% 13.9% -7.07% 3.83%
FCF Conversion (EBITDA) 52.67% 29.78% 70% 107.3% - 40.28%
FCF Conversion (Net income) 98.91% 46.54% 148.9% 185.23% - 84.7%
Dividend per Share 2 0.0416 0.0220 0.0246 0.0253 0.0204 0.0221
Announcement Date 4/24/18 4/26/19 4/27/20 4/29/21 4/27/22 4/25/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 383 304 283 393 382 392
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 89.6 44.7 162 244 -132 65.1
ROE (net income / shareholders' equity) 20.1% 18.6% 19.9% 18.5% 14.1% 9.04%
ROA (Net income/ Total Assets) 7.66% 6.09% 7.7% 6.04% 5.08% 3.73%
Assets 1 1,182 1,579 1,410 2,176 2,091 2,060
Book Value Per Share 2 0.6100 0.6900 0.8300 0.9500 1.050 1.070
Cash Flow per Share 2 0.6000 0.5100 0.5600 0.5800 0.5100 0.5200
Capex 1 10.9 19.4 63.6 22.7 48.8 20.1
Capex / Sales 1.12% 1.89% 4.18% 1.29% 2.6% 1.18%
Announcement Date 4/24/18 4/26/19 4/27/20 4/29/21 4/27/22 4/25/23
1CNY in Million2CNY
Estimates
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