Financials Hangzhou Binjiang Real Estate Group Co.,Ltd

Equities

002244

CNE100000BS5

Real Estate Development & Operations

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
6.71 CNY -3.31% Intraday chart for Hangzhou Binjiang Real Estate Group Co.,Ltd +14.90% -7.70%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 15,308 14,282 14,499 27,474 22,620 20,878 - -
Enterprise Value (EV) 1 15,308 14,282 14,499 54,970 28,967 62,270 77,967 20,878
P/E ratio 9.46 x 6.12 x 4.8 x 7.36 x 8.98 x 7.44 x 5.16 x 6.18 x
Yield 2.68% 4.92% 4.85% 2.83% 1.24% 2.36% 3.58% -
Capitalization / Revenue 0.61 x 0.5 x 0.38 x 0.66 x 0.32 x 0.28 x 0.29 x 0.27 x
EV / Revenue 0.61 x 0.5 x 0.38 x 1.32 x 0.41 x 0.85 x 1.07 x 0.27 x
EV / EBITDA 2.72 x 2.84 x 2.04 x 9.59 x 5.22 x 8.38 x 9.82 x 2.43 x
EV / FCF - - - 10.8 x - -7.15 x -5.55 x -
FCF Yield - - - 9.24% - -14% -18% -
Price to Book 0.92 x 0.78 x 0.7 x 1.17 x 0.89 x 0.74 x 0.63 x 0.6 x
Nbr of stocks (in thousands) 3,111,444 3,111,444 3,111,444 3,111,444 3,111,444 3,111,444 - -
Reference price 2 4.920 4.590 4.660 8.830 7.270 6.710 6.710 6.710
Announcement Date 3/12/20 4/28/21 4/29/22 4/28/23 4/26/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 24,955 28,597 37,976 41,502 70,443 73,500 72,954 77,944
EBITDA 1 5,635 5,024 7,093 5,734 5,548 7,429 7,937 8,603
EBIT 1 5,419 4,827 6,746 5,320 5,055 6,996 7,989 7,199
Operating Margin 21.71% 16.88% 17.76% 12.82% 7.18% 9.52% 10.95% 9.24%
Earnings before Tax (EBT) 1 5,403 4,787 6,737 5,311 5,036 6,074 7,970 7,176
Net income 1 1,631 2,328 3,027 3,741 2,529 3,586 4,052 3,384
Net margin 6.54% 8.14% 7.97% 9.01% 3.59% 4.88% 5.55% 4.34%
EPS 2 0.5200 0.7500 0.9700 1.200 0.8100 0.9015 1.301 1.085
Free Cash Flow 1 - - - 5,078 - -8,703 -14,036 -
FCF margin - - - 12.23% - -11.84% -19.24% -
FCF Conversion (EBITDA) - - - 88.55% - - - -
FCF Conversion (Net income) - - - 135.73% - - - -
Dividend per Share 2 0.1320 0.2260 0.2260 0.2500 0.0900 0.1584 0.2399 -
Announcement Date 3/12/20 4/28/21 4/29/22 4/28/23 4/26/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 S1 2021 S2 2023 S1
Net sales - - - -
EBITDA - - - -
EBIT - - - -
Operating Margin - - - -
Earnings before Tax (EBT) - - - -
Net income 1 865.2 1,267 1,760 1,637
Net margin - - - -
EPS - 0.4100 - -
Dividend per Share - - - -
Announcement Date 8/26/20 8/26/21 4/29/22 8/29/23
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - 27,496 6,347 41,392 57,089 -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - - - 4.795 x 1.144 x 5.571 x 7.193 x -
Free Cash Flow 1 - - - 5,078 - -8,703 -14,036 -
ROE (net income / shareholders' equity) 10.2% 13.3% 15.5% 16.9% 10.3% 11.4% 11.2% 9.04%
ROA (Net income/ Total Assets) 1.51% 1.54% 1.58% 1.53% - 1% 1.1% -
Assets 1 108,142 150,852 191,870 243,954 - 358,647 368,338 -
Book Value Per Share 2 5.320 5.900 6.610 7.560 8.130 9.010 10.70 11.10
Cash Flow per Share 2 0.8400 -1.010 0.2700 1.680 10.50 5.890 1.040 2.530
Capex 1 27.1 80.2 42.1 136 188 50 657 774
Capex / Sales 0.11% 0.28% 0.11% 0.33% 0.27% 0.07% 0.9% 0.99%
Announcement Date 3/12/20 4/28/21 4/29/22 4/28/23 4/26/24 - - -
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
D+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
6.71 CNY
Average target price
8.152 CNY
Spread / Average Target
+21.49%
Consensus

Annual profits - Rate of surprise

  1. Stock Market
  2. Equities
  3. 002244 Stock
  4. Financials Hangzhou Binjiang Real Estate Group Co.,Ltd