Financials Beijing Properties (Holdings) Limited

Equities

925

BMG1145H1097

Food Retail & Distribution

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
0.028 HKD -3.45% Intraday chart for Beijing Properties (Holdings) Limited -9.68% -9.68%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 2,227 1,680 1,464 690 662.1 515.7
Enterprise Value (EV) 1 8,300 8,334 8,431 10,330 10,306 8,461
P/E ratio 7.37 x -70.1 x -2.9 x -2.55 x -1.77 x -4.23 x
Yield - - - - - -
Capitalization / Revenue 4.67 x 2.57 x 2.17 x 1.09 x 0.89 x 0.4 x
EV / Revenue 17.4 x 12.7 x 12.5 x 16.3 x 13.8 x 6.59 x
EV / EBITDA 43.2 x 28.9 x 89.6 x 103 x 34.6 x 36.1 x
EV / FCF -26.1 x 22.7 x -9.76 x -6.34 x -5.19 x -6.93 x
FCF Yield -3.83% 4.4% -10.2% -15.8% -19.3% -14.4%
Price to Book 0.5 x 0.43 x 0.46 x 0.2 x 0.19 x 0.19 x
Nbr of stocks (in thousands) 6,852,601 6,969,332 6,969,332 6,969,332 6,969,332 6,969,332
Reference price 2 0.3250 0.2410 0.2100 0.0990 0.0950 0.0740
Announcement Date 4/27/18 4/17/19 4/28/20 4/29/21 4/25/22 4/27/23
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 477.2 654.1 675.3 632 747.8 1,284
EBITDA 1 192.1 288.3 94.12 99.88 298.1 234.1
EBIT 1 151.7 241.7 48.53 72.43 280.5 216.1
Operating Margin 31.79% 36.96% 7.19% 11.46% 37.51% 16.83%
Earnings before Tax (EBT) 1 298.7 316.5 -268.1 31.97 -256.4 270.5
Net income 1 300.9 -23.68 -504.2 -270.6 -374 -122
Net margin 63.06% -3.62% -74.66% -42.82% -50.01% -9.5%
EPS 2 0.0441 -0.003439 -0.0723 -0.0388 -0.0537 -0.0175
Free Cash Flow 1 -318 366.5 -863.9 -1,629 -1,986 -1,221
FCF margin -66.64% 56.02% -127.92% -257.79% -265.53% -95.08%
FCF Conversion (EBITDA) - 127.1% - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 4/27/18 4/17/19 4/28/20 4/29/21 4/25/22 4/27/23
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 6,073 6,655 6,967 9,640 9,644 7,945
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 31.62 x 23.08 x 74.02 x 96.51 x 32.35 x 33.94 x
Free Cash Flow 1 -318 366 -864 -1,629 -1,986 -1,221
ROE (net income / shareholders' equity) 5.01% 1.5% -7.1% -1.87% -5.92% 1.04%
ROA (Net income/ Total Assets) 0.64% 0.84% 0.17% 0.24% 0.83% 0.68%
Assets 1 46,937 -2,835 -304,647 -115,065 -44,993 -17,955
Book Value Per Share 2 0.6400 0.5600 0.4600 0.5000 0.4900 0.3800
Cash Flow per Share 2 0.2400 0.1600 0.1400 0.1100 0.1600 0.1100
Capex 1 7.41 4.48 2.78 - 3.9 1.56
Capex / Sales 1.55% 0.69% 0.41% - 0.52% 0.12%
Announcement Date 4/27/18 4/17/19 4/28/20 4/29/21 4/25/22 4/27/23
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Chiffre d''affaires - Rate of surprise

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