CHINA TANGSHANG HOLDINGS LIMITED Financials China Tangshang Holdings Limited
Equities
674
BMG2197S1008
Real Estate Development & Operations
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.065 HKD | 0.00% |
|
-2.99% | -21.69% |
Valuation
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 229.6 | 209.1 | 145.5 | 318.6 | 348.6 | 682.3 |
| Enterprise Value (EV) 1 | 126.4 | 239 | 315.9 | 966.9 | 774 | 905.5 |
| P/E ratio | -20.8 x | -11.1 x | -3.9 x | -20.6 x | 43.5 x | 18.2 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 2.81 x | 2.56 x | 1.84 x | 5.59 x | 1.37 x | 1.05 x |
| EV / Revenue | 1.55 x | 2.93 x | 4 x | 17 x | 3.05 x | 1.39 x |
| EV / EBITDA | -2.31 x | -20.5 x | 22.1 x | 189 x | 9.58 x | 5.25 x |
| EV / FCF | -5.15 x | -4 x | 24.4 x | -1.61 x | 3.92 x | -1.85 x |
| FCF Yield | -19.4% | -25% | 4.1% | -62.2% | 25.5% | -53.9% |
| Price to Book | 2.04 x | 2.11 x | 1.45 x | 0.87 x | 0.9 x | 0.85 x |
| Nbr of stocks (in thousands) | 1,077,779 | 1,077,779 | 1,077,779 | 2,308,867 | 2,308,867 | 3,428,467 |
| Reference price 2 | 0.2130 | 0.1940 | 0.1350 | 0.1380 | 0.1510 | 0.1990 |
| Announcement Date | 7/27/18 | 7/25/19 | 7/28/20 | 7/23/21 | 7/22/22 | 7/26/23 |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 81.69 | 81.52 | 79 | 57.01 | 254 | 650.8 |
| EBITDA 1 | -54.79 | -11.68 | 14.31 | 5.103 | 80.76 | 172.4 |
| EBIT 1 | -65.96 | -16.82 | 13.01 | 3.154 | 78.55 | 170.6 |
| Operating Margin | -80.75% | -20.63% | 16.47% | 5.53% | 30.93% | 26.21% |
| Earnings before Tax (EBT) 1 | -4.776 | -14.25 | -32.96 | -45.86 | 24.77 | 121.2 |
| Net income 1 | -11.06 | -18.87 | -37.31 | -13.35 | 8.021 | 30.37 |
| Net margin | -13.54% | -23.15% | -47.23% | -23.41% | 3.16% | 4.67% |
| EPS 2 | -0.0103 | -0.0175 | -0.0346 | -0.006705 | 0.003474 | 0.0110 |
| Free Cash Flow 1 | -24.54 | -59.79 | 12.95 | -601.3 | 197.3 | -488.5 |
| FCF margin | -30.04% | -73.34% | 16.39% | -1,054.76% | 77.68% | -75.06% |
| FCF Conversion (EBITDA) | - | - | 90.49% | - | 244.27% | - |
| FCF Conversion (Net income) | - | - | - | - | 2,459.43% | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 7/27/18 | 7/25/19 | 7/28/20 | 7/23/21 | 7/22/22 | 7/26/23 |
1HKD in Million2HKD
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | 30 | 170 | 648 | 425 | 223 |
| Net Cash position 1 | 103 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | -2.565 x | 11.91 x | 127 x | 5.267 x | 1.295 x |
| Free Cash Flow 1 | -24.5 | -59.8 | 13 | -601 | 197 | -488 |
| ROE (net income / shareholders' equity) | -2.88% | -15.5% | -30.5% | -13.6% | 2.7% | 9.64% |
| ROA (Net income/ Total Assets) | -11.4% | -3.23% | 1.81% | 0.16% | 2.55% | 3.41% |
| Assets 1 | 96.88 | 584.7 | -2,056 | -8,316 | 314.9 | 889.7 |
| Book Value Per Share 2 | 0.1000 | 0.0900 | 0.0900 | 0.1600 | 0.1700 | 0.2300 |
| Cash Flow per Share 2 | 0.1100 | 0.1100 | 0.1400 | 0.0800 | 0.0800 | 0.1200 |
| Capex 1 | 8.84 | 4.91 | 1.15 | 6.86 | 0.24 | - |
| Capex / Sales | 10.83% | 6.02% | 1.46% | 12.03% | 0.09% | - |
| Announcement Date | 7/27/18 | 7/25/19 | 7/28/20 | 7/23/21 | 7/22/22 | 7/26/23 |
1HKD in Million2HKD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -21.69% | 28.47M | |
| +36.16% | 27.94B | |
| -13.74% | 26.97B | |
| +25.00% | 26.95B | |
| -0.71% | 25.32B | |
| +44.49% | 22.58B | |
| +2.78% | 19.59B | |
| +1.45% | 19.52B | |
| +28.54% | 16.23B | |
| -14.80% | 14.98B |
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- Financials China Tangshang Holdings Limited
