Financials Grandjoy Holdings Group Co., Ltd.

Equities

000031

CNE000000BJ5

Real Estate Development & Operations

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
2.48 CNY +4.64% Intraday chart for Grandjoy Holdings Group Co., Ltd. +5.08% -16.50%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 8,851 28,188 18,860 15,988 16,117 12,730
Enterprise Value (EV) 1 33,830 70,532 58,807 59,855 54,799 34,705
P/E ratio 6.34 x 11.8 x -48.9 x 124 x -5.61 x -8.74 x
Yield 2.25% 2.37% - - - -
Capitalization / Revenue 0.63 x 0.83 x 0.49 x 0.38 x 0.41 x 0.35 x
EV / Revenue 2.4 x 2.09 x 1.53 x 1.4 x 1.38 x 0.94 x
EV / EBITDA 10.1 x 8.27 x 8.49 x 9.36 x 11.5 x 5.88 x
EV / FCF -3.62 x -4.85 x 30.7 x -6.83 x 3.99 x 2.36 x
FCF Yield -27.6% -20.6% 3.26% -14.6% 25.1% 42.3%
Price to Book 1.13 x 1.59 x 1.03 x 0.85 x 1.05 x 1 x
Nbr of stocks (in thousands) 1,813,732 3,925,870 4,286,313 4,286,313 4,286,313 4,286,313
Reference price 2 4.880 7.180 4.400 3.730 3.760 2.970
Announcement Date 4/4/19 3/30/20 3/26/21 4/11/22 4/25/23 4/27/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 14,120 33,787 38,445 42,614 39,579 36,783
EBITDA 1 3,334 8,527 6,928 6,394 4,762 5,904
EBIT 1 3,156 7,240 5,675 5,137 3,371 4,467
Operating Margin 22.35% 21.43% 14.76% 12.06% 8.52% 12.15%
Earnings before Tax (EBT) 1 2,857 6,005 3,125 2,921 -431.5 3,101
Net income 1 1,389 2,378 -386.8 107.5 -2,883 -1,465
Net margin 9.84% 7.04% -1.01% 0.25% -7.28% -3.98%
EPS 2 0.7700 0.6100 -0.0900 0.0300 -0.6700 -0.3400
Free Cash Flow 1 -9,343 -14,535 1,917 -8,765 13,733 14,685
FCF margin -66.17% -43.02% 4.99% -20.57% 34.7% 39.92%
FCF Conversion (EBITDA) - - 27.67% - 288.37% 248.74%
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.1100 0.1700 - - - -
Announcement Date 4/4/19 3/30/20 3/26/21 4/11/22 4/25/23 4/27/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 24,979 42,345 39,948 43,867 38,683 21,975
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 7.493 x 4.966 x 5.766 x 6.861 x 8.123 x 3.722 x
Free Cash Flow 1 -9,343 -14,535 1,917 -8,765 13,733 14,685
ROE (net income / shareholders' equity) 15.7% 9.47% 2.55% 1.57% -4.46% 0.26%
ROA (Net income/ Total Assets) 2.36% 2.63% 1.85% 1.56% 0.99% 1.35%
Assets 1 58,766 90,291 -20,943 6,908 -292,281 -108,251
Book Value Per Share 2 4.330 4.530 4.280 4.390 3.590 2.960
Cash Flow per Share 2 6.620 6.440 7.410 5.810 8.520 6.440
Capex 1 50.7 2,390 1,622 2,885 1,571 1,789
Capex / Sales 0.36% 7.07% 4.22% 6.77% 3.97% 4.86%
Announcement Date 4/4/19 3/30/20 3/26/21 4/11/22 4/25/23 4/27/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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