GREENTOWN SERVICE GROUP CO. LTD. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.59 HKD | +3.76% |
|
+13.97% | +23.37% |
| Mar. 27 | Greentown’s Profit Rises 11% in 2023; Shares Surge 12% | MT |
| Mar. 26 | Greentown Service Group Co. Ltd. Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 11 July 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 21,214 | 25,922 | 19,039 | 14,788 | 8,432 | 10,511 | - | - |
| Enterprise Value (EV) 1 | 19,912 | 20,367 | 14,835 | 10,551 | 8,432 | 6,202 | 5,284 | 4,794 |
| P/E ratio | 44.7 x | 35 x | 22.6 x | 26.9 x | 13.9 x | 13.9 x | 12 x | 10.6 x |
| Yield | 0.9% | 1.25% | 2.22% | 1.91% | - | 4.75% | 5.5% | 6.32% |
| Capitalization / Revenue | 2.47 x | 2.57 x | 1.52 x | 1 x | 0.48 x | 0.53 x | 0.47 x | 0.43 x |
| EV / Revenue | 2.32 x | 2.02 x | 1.18 x | 0.71 x | 0.48 x | 0.32 x | 0.24 x | 0.2 x |
| EV / EBITDA | 22.6 x | 16.2 x | 9.71 x | 8.14 x | 6.33 x | 4.01 x | 2.97 x | 2.42 x |
| EV / FCF | 29.2 x | 21 x | 24.3 x | 43.7 x | - | 8.1 x | 3.74 x | 3.24 x |
| FCF Yield | 3.43% | 4.75% | 4.11% | 2.29% | - | 12.4% | 26.7% | 30.8% |
| Price to Book | 7.68 x | 3.61 x | 2.71 x | 2.08 x | - | 1.37 x | 1.3 x | 1.22 x |
| Nbr of stocks (in thousands) | 2,789,485 | 3,218,248 | 3,245,296 | 3,232,380 | 3,188,036 | 3,163,646 | - | - |
| Reference price 2 | 7.605 | 8.055 | 5.867 | 4.575 | 2.645 | 3.322 | 3.322 | 3.322 |
| Announcement Date | 3/31/20 | 3/26/21 | 3/25/22 | 3/24/23 | 3/26/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 8,582 | 10,106 | 12,566 | 14,856 | 17,393 | 19,674 | 22,258 | 24,509 |
| EBITDA 1 | 881.4 | 1,255 | 1,528 | 1,296 | 1,332 | 1,547 | 1,779 | 1,982 |
| EBIT 1 | 643.8 | 969.6 | 1,150 | 862.9 | 847 | 1,223 | 1,418 | 1,553 |
| Operating Margin | 7.5% | 9.6% | 9.15% | 5.81% | 4.87% | 6.22% | 6.37% | 6.34% |
| Earnings before Tax (EBT) 1 | 643.2 | 1,003 | 1,191 | 863.9 | 972.2 | 1,243 | 1,445 | 1,619 |
| Net income 1 | 477.4 | 710.4 | 846.3 | 547.5 | 605.4 | 764.2 | 886.1 | 1,001 |
| Net margin | 5.56% | 7.03% | 6.73% | 3.69% | 3.48% | 3.88% | 3.98% | 4.09% |
| EPS 2 | 0.1700 | 0.2300 | 0.2600 | 0.1700 | 0.1900 | 0.2386 | 0.2762 | 0.3131 |
| Free Cash Flow 1 | 682.6 | 968.4 | 609.3 | 241.5 | - | 766 | 1,412 | 1,478 |
| FCF margin | 7.95% | 9.58% | 4.85% | 1.63% | - | 3.89% | 6.34% | 6.03% |
| FCF Conversion (EBITDA) | 77.45% | 77.17% | 39.87% | 18.63% | - | 49.5% | 79.32% | 74.59% |
| FCF Conversion (Net income) | 142.99% | 136.32% | 72% | 44.11% | - | 100.24% | 159.29% | 147.59% |
| Dividend per Share 2 | 0.0685 | 0.1010 | 0.1301 | 0.0875 | - | 0.1579 | 0.1827 | 0.2100 |
| Announcement Date | 3/31/20 | 3/26/21 | 3/25/22 | 3/24/23 | 3/26/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,919 | 4,400 | 5,706 | 5,596 | 6,970 | 6,828 | 8,029 | 8,197 | 9,196 | 9,212 | 10,414 |
| EBITDA | 494.9 | 653.9 | - | 876.5 | 651.6 | - | - | - | - | - | - |
| EBIT 1 | 331.3 | 496.2 | - | 700 | 450 | 498.4 | 364.4 | 521.1 | 325.9 | 812.6 | 508.2 |
| Operating Margin | 6.73% | 11.28% | - | 12.51% | 6.46% | 7.3% | 4.54% | 6.36% | 3.54% | 8.82% | 4.88% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - |
| Net income | 243 | 373.6 | - | 508.8 | - | - | - | 415.4 | - | - | - |
| Net margin | 4.94% | 8.49% | - | 9.09% | - | - | - | 5.07% | - | - | - |
| EPS 2 | 0.0900 | 0.1300 | 0.1000 | 0.1700 | 0.0900 | 0.1000 | 0.0700 | 0.1300 | 0.0600 | 0.1800 | 0.0800 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/31/20 | 8/21/20 | 3/26/21 | 8/27/21 | 3/25/22 | 8/26/22 | 3/24/23 | 8/25/23 | 3/26/24 | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 1,303 | 5,555 | 4,204 | 4,237 | - | 4,308 | 5,227 | 5,716 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 683 | 968 | 609 | 241 | - | 766 | 1,412 | 1,478 |
| ROE (net income / shareholders' equity) | 18.8% | 14.8% | 12.2% | 7.74% | - | 10.1% | 11.2% | 12% |
| ROA (Net income/ Total Assets) | 6.89% | 6.58% | 6.17% | 3.51% | - | 4.29% | 4.63% | 4.66% |
| Assets 1 | 6,933 | 10,800 | 13,727 | 15,616 | - | 17,814 | 19,137 | 21,490 |
| Book Value Per Share 2 | 0.9900 | 2.230 | 2.160 | 2.200 | - | 2.430 | 2.560 | 2.720 |
| Cash Flow per Share 2 | 0.3300 | 0.4300 | 0.3100 | 0.2100 | - | 0.4000 | 0.5400 | 0.6500 |
| Capex 1 | 237 | 348 | 409 | 454 | - | 434 | 394 | 432 |
| Capex / Sales | 2.76% | 3.44% | 3.26% | 3.05% | - | 2.21% | 1.77% | 1.76% |
| Announcement Date | 3/31/20 | 3/26/21 | 3/25/22 | 3/24/23 | 3/26/24 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
20
Last Close Price
3.322
CNY
Average target price
3.354
CNY
Spread / Average Target
+0.94%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +23.37% | 1.45B | |
| -.--% | 8.13B | |
| -16.27% | 3.13B | |
| -21.78% | 2.26B | |
| +11.11% | 2.24B | |
| -55.58% | 1.38B | |
| -19.06% | 1.34B | |
| -12.52% | 945M | |
| -45.64% | 670M | |
| -12.00% | 644M |
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- Financials Greentown Service Group Co. Ltd.
