Financials LVGEM (China) Real Estate Investment Company Limited

Equities

Market Closed - Hong Kong S.E. Other stock markets 04:08:20 2024-04-26 am EDT			5-day change	1st Jan Change
0.69 ^HKD	+7.81%		+21.05%	-11.54%

Apr. 02	LVGEM (China) Real Estate Widens 2023 Loss by 191%	MT
Apr. 01	LVGEM (China) Real Estate Appoints New CEO	MT

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	9,678	12,593	9,995	5,691	5,808	3,256	3,256	-
Enterprise Value (EV) ¹	9,678	12,593	9,995	5,691	5,808	3,614	3,256	3,256
P/E ratio	-	12 x	5.1 x	8.35 x	-7.96 x	-1.7 x	-2.2 x	63.9 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	2.14 x	1.82 x	1.84 x	1.3 x	2.48 x	0.59 x	0.8 x	0.2 x
EV / Revenue	2.14 x	1.82 x	1.84 x	1.3 x	2.48 x	0.59 x	0.8 x	0.2 x
EV / EBITDA	-	-	4.69 x	3.71 x	12.9 x	3.9 x	8.85 x	0.71 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	-	-	0.4 x	0.22 x	0.23 x	0.14 x	0.15 x	0.15 x
Nbr of stocks (in thousands)	4,942,242	5,050,460	5,096,904	5,097,704	5,097,704	5,097,704	5,097,704	-
Reference price ²	1.958	2.493	1.961	1.116	1.139	0.6387	0.6387	0.6387
Announcement Date	4/26/19	3/30/20	3/30/21	3/30/22	3/30/23	3/28/24	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	4,516	6,902	5,425	4,378	2,341	6,118	4,068	16,247
EBITDA ¹	-	-	2,131	1,533	450.5	925.9	368	4,575
EBIT	-	-	-	1,459	372.6	-	-	-
Operating Margin	-	-	-	33.33%	15.92%	-	-	-
Earnings before Tax (EBT)	-	-	4,316	2,450	-679.5	-	-	-
Net income ¹	1,237	-	3,453	1,153	-730.1	-2,126	-1,462	40
Net margin	27.4%	-	63.66%	26.33%	-31.19%	-34.76%	-35.94%	0.25%
EPS ²	-	0.2073	0.3847	0.1337	-0.1432	-0.4171	-0.2900	0.0100
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-
Announcement Date	4/26/19	3/30/20	3/30/21	3/30/22	3/30/23	3/28/24	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	-	18.3%	4.55%	-2.88%	-5%	-6.5%	-
ROA (Net income/ Total Assets)	-	-	5.62%	-	-	-1.2%	-1.3%	-
Assets ¹	-	-	61,502	-	-	100,333	112,462	-
Book Value Per Share ²	-	-	4.850	5.090	4.860	4.600	4.300	4.300
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-	-
Announcement Date	4/26/19	3/30/20	3/30/21	3/30/22	3/30/23	3/28/24	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

0.6387 CNY

Average target price

1.92 CNY

Spread / Average Target

+200.60%

	1st Jan change	Capi.
LVGEM (CHINA) REAL ESTATE INVESTMENT COMPANY LIMITED	-11.54%	449M
MITSUI FUDOSAN CO., LTD.	+36.16%	27.94B
SUN HUNG KAI PROPERTIES LIMITED	-13.74%	26.97B
DLF LIMITED	+25.00%	26.95B
CHINA RESOURCES LAND LIMITED	-0.71%	25.32B
MITSUBISHI ESTATE CO., LTD.	+44.49%	22.58B
EMAAR PROPERTIES	+2.78%	19.59B
CHINA OVERSEAS LAND & INVESTMENT LTD.	+1.45%	19.52B
SUMITOMO REALTY & DEVELOPMENT CO., LTD.	+28.54%	16.23B
CK ASSET HOLDINGS LIMITED	-14.80%	14.98B