Financials Beijing North Star Company Limited Shanghai S.E.

Equities

601588

CNE000001NZ4

Real Estate Development & Operations

End-of-day quote Shanghai S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
1.78 CNY -4.30% Intraday chart for Beijing North Star Company Limited +5.95% -6.32%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 8,592 10,333 6,925 7,272 5,980 5,523
Enterprise Value (EV) 1 29,000 30,663 28,543 26,393 25,507 25,152
P/E ratio 5.59 x 4.99 x 32.2 x 49.5 x -1.66 x 32.7 x
Yield 6.13% 6.58% 2.46% 1.05% - 3.06%
Capitalization / Revenue 0.48 x 0.51 x 0.38 x 0.33 x 0.46 x 0.35 x
EV / Revenue 1.62 x 1.52 x 1.59 x 1.19 x 1.96 x 1.6 x
EV / EBITDA 8.37 x 9.4 x 19.6 x 19.1 x -105 x 14 x
EV / FCF 127 x 49.9 x 73.4 x 5.04 x 52.3 x 42.6 x
FCF Yield 0.79% 2.01% 1.36% 19.8% 1.91% 2.35%
Price to Book 0.43 x 0.52 x 0.28 x 0.22 x 0.21 x 0.17 x
Nbr of stocks (in thousands) 3,367,020 3,367,020 3,367,020 3,367,020 3,367,020 3,367,020
Reference price 2 1.958 2.279 1.220 0.9533 0.7949 0.6544
Announcement Date 3/20/19 4/21/20 3/24/21 3/16/22 3/24/23 3/22/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 17,864 20,122 17,996 22,094 12,989 15,751
EBITDA 1 3,463 3,262 1,457 1,380 -242.4 1,797
EBIT 1 3,161 2,957 1,201 1,088 -400.7 1,358
Operating Margin 17.7% 14.7% 6.68% 4.93% -3.08% 8.62%
Earnings before Tax (EBT) 1 2,800 2,763 1,160 565.2 -1,438 398.7
Net income 1 1,190 1,654 271 202.7 -1,576 68.06
Net margin 6.66% 8.22% 1.51% 0.92% -12.13% 0.43%
EPS 2 0.3500 0.4565 0.0378 0.0193 -0.4800 0.0200
Free Cash Flow 1 227.9 615 388.8 5,235 487.3 591
FCF margin 1.28% 3.06% 2.16% 23.69% 3.75% 3.75%
FCF Conversion (EBITDA) 6.58% 18.85% 26.68% 379.33% - 32.88%
FCF Conversion (Net income) 19.16% 37.18% 143.5% 2,582.94% - 868.29%
Dividend per Share 2 0.1200 0.1500 0.0300 0.0100 - 0.0200
Announcement Date 3/20/19 4/21/20 3/24/21 3/16/22 3/24/23 3/22/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 20,408 20,329 21,618 19,121 19,527 19,628
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 5.893 x 6.232 x 14.84 x 13.86 x -80.56 x 10.92 x
Free Cash Flow 1 228 615 389 5,235 487 591
ROE (net income / shareholders' equity) 13.2% 9.99% 2.89% 0.51% -9.36% -0.4%
ROA (Net income/ Total Assets) 2.3% 1.99% 0.83% 0.82% -0.34% 1.37%
Assets 1 51,738 83,092 32,530 24,754 462,843 4,951
Book Value Per Share 2 4.520 4.380 4.280 4.290 3.800 3.820
Cash Flow per Share 2 4.090 4.400 3.870 4.370 2.860 2.800
Capex 1 123 136 330 990 249 205
Capex / Sales 0.69% 0.67% 1.83% 4.48% 1.92% 1.3%
Announcement Date 3/20/19 4/21/20 3/24/21 3/16/22 3/24/23 3/22/24
1CNY in Million2CNY
Estimates
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