Financials New City Development Group Limited

Equities

456

KYG648311119

Real Estate Development & Operations

Market Closed - Hong Kong S.E. 04:08:05 2024-05-31 am EDT 5-day change 1st Jan Change
0.395 HKD -1.25% Intraday chart for New City Development Group Limited -19.39% -36.29%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,132 480.8 463 281.3 139.3 72.69
Enterprise Value (EV) 1 3,389 841.8 939.9 1,151 899.9 800
P/E ratio 221 x -443 x -15.6 x -4.36 x -1.83 x -0.45 x
Yield - - - - - -
Capitalization / Revenue 34.1 x 9.91 x 9.89 x 1.42 x 0.77 x 0.42 x
EV / Revenue 36.9 x 17.4 x 20.1 x 5.82 x 4.99 x 4.63 x
EV / EBITDA -155 x 947 x -120 x -32.4 x -13.1 x -174 x
EV / FCF -23 x 310 x -1.34 x -3.24 x 5.37 x 49.3 x
FCF Yield -4.34% 0.32% -74.9% -30.9% 18.6% 2.03%
Price to Book 4.54 x 0.67 x 0.6 x 0.4 x 0.26 x 0.18 x
Nbr of stocks (in thousands) 69,597 72,297 86,543 86,543 86,543 117,245
Reference price 2 45.00 6.650 5.350 3.250 1.610 0.6200
Announcement Date 4/29/19 4/28/20 4/29/21 4/29/22 4/28/23 4/29/24
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 91.76 48.49 46.79 197.8 180.2 172.9
EBITDA 1 -21.92 0.889 -7.839 -35.47 -68.6 -4.604
EBIT 1 -27.44 -5.165 -16.95 -45.04 -80.51 -17.84
Operating Margin -29.9% -10.65% -36.23% -22.77% -44.68% -10.32%
Earnings before Tax (EBT) 1 28 -3.628 -33.78 -69.4 -125.1 -200.8
Net income 1 13.75 -1.075 -27.95 -64.42 -76.23 -125.9
Net margin 14.99% -2.22% -59.73% -32.56% -42.3% -72.83%
EPS 2 0.2034 -0.0150 -0.3422 -0.7450 -0.8808 -1.385
Free Cash Flow 1 -147.1 2.718 -703.6 -355 167.7 16.22
FCF margin -160.32% 5.6% -1,503.7% -179.48% 93.08% 9.38%
FCF Conversion (EBITDA) - 305.69% - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 4/29/19 4/28/20 4/29/21 4/29/22 4/28/23 4/29/24
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 257 361 477 869 761 727
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) -11.73 x 406.1 x -60.83 x -24.51 x -11.09 x -158 x
Free Cash Flow 1 -147 2.72 -704 -355 168 16.2
ROE (net income / shareholders' equity) 2.03% -0.52% -4.41% -9.1% -20.3% -31.7%
ROA (Net income/ Total Assets) -1.45% -0.23% -0.61% -1.33% -2.37% -0.6%
Assets 1 -948.5 469.8 4,606 4,826 3,220 20,855
Book Value Per Share 2 9.910 9.890 8.900 8.160 6.290 3.460
Cash Flow per Share 2 1.040 0.1500 0.5000 0.0700 0.1000 0.0800
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 4/29/19 4/28/20 4/29/21 4/29/22 4/28/23 4/29/24
1HKD in Million2HKD
Estimates
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