Stock 17 NEW WORLD DEVELOPMENT COMPANY LIMITED
Add to a list
To use this feature you must be a member
Log inSign up

Financials New World Development Company Limited

Equities

17

HK0000608585

Real Estate Development & Operations

Market Closed - Hong Kong S.E.
Other stock markets
 04:08:20 2024-04-26 am EDT 		5-day change 1st Jan Change
8.14 HKD +2.91% Intraday chart for New World Development Company Limited +9.26% -32.84%
Mar. 20 Mainland Chinese surge into Hong Kong property after stamp duties scrapped RE
Mar. 19 Mainland Chinese surge into Hong Kong property after stamp duties scrapped RE

Valuation

Fiscal Period: Junio 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 124,923 97,580 102,587 70,843 48,521 20,485 - -
Enterprise Value (EV) 1 213,211 221,678 216,989 206,436 185,658 146,219 145,057 142,268
P/E ratio 6.87 x 89 x 87.7 x 56.3 x 49.4 x 13.7 x 11.2 x 8.29 x
Yield 4.17% 5.33% 5.11% 7.32% 12.2% 6.12% 6.16% 6.55%
Capitalization / Revenue 1.63 x 1.65 x 1.5 x 1.04 x 0.51 x 0.47 x 0.53 x 0.53 x
EV / Revenue 2.78 x 3.76 x 3.18 x 3.03 x 1.95 x 3.32 x 3.78 x 3.68 x
EV / EBITDA 12.5 x 16.1 x 15.7 x 16.8 x 12.9 x 12.3 x 13.4 x 12.2 x
EV / FCF -68 x -8.18 x 87.3 x 109 x 49.3 x 4.45 x 19.9 x 12.4 x
FCF Yield -1.47% -12.2% 1.15% 0.92% 2.03% 22.5% 5.04% 8.09%
Price to Book 0.56 x 0.39 x 0.38 x 0.33 x 0.2 x 0.1 x 0.11 x 0.11 x
Nbr of stocks (in thousands) 2,555,704 2,549,117 2,542,432 2,516,633 2,516,633 2,516,633 - -
Reference price 2 48.88 38.28 40.35 28.15 19.28 8.140 8.140 8.140
Announcement Date 9/25/19 9/30/20 9/30/21 9/30/22 9/29/23 - - -
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Junio 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 76,764 59,008 68,233 68,213 95,214 44,015 38,370 38,686
EBITDA 1 17,012 13,733 13,832 12,295 14,356 11,911 10,814 11,676
EBIT 1 14,558 10,038 9,982 8,133 11,111 9,030 8,355 9,321
Operating Margin 18.96% 17.01% 14.63% 11.92% 11.67% 20.52% 21.78% 24.09%
Earnings before Tax (EBT) 1 29,129 10,794 10,366 9,214 10,096 6,831 6,614 7,647
Net income 1 18,160 1,096 1,172 1,249 900.9 1,366 1,524 2,473
Net margin 23.66% 1.86% 1.72% 1.83% 0.95% 3.1% 3.97% 6.39%
EPS 2 7.120 0.4300 0.4600 0.5000 0.3900 0.5922 0.7280 0.9820
Free Cash Flow 1 -3,134 -27,086 2,486 1,901 3,762 32,849 7,306 11,503
FCF margin -4.08% -45.9% 3.64% 2.79% 3.95% 74.63% 19.04% 29.73%
FCF Conversion (EBITDA) - - 17.97% 15.46% 26.21% 275.78% 67.56% 98.52%
FCF Conversion (Net income) - - 212.15% 152.16% 417.62% 2,404.51% 479.41% 465.18%
Dividend per Share 2 2.040 2.040 2.060 2.060 2.350 0.4981 0.5014 0.5334
Announcement Date 9/25/19 9/30/20 9/30/21 9/30/22 9/29/23 - - -
1HKD in Million2HKD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: Junio 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2
Net sales 1 32,464 26,543 35,577 32,656 35,573 32,640 40,193 55,020 17,066 22,510
EBITDA - - - - - - - - - -
EBIT 1 - - - 4,553 6,004 2,129 5,638 5,474 5,729 4,152
Operating Margin - - - 13.94% 16.88% 6.52% 14.03% 9.95% 33.57% 18.45%
Earnings before Tax (EBT) - - - - - - - - 3,892 -
Net income - - - - - - - -1,573 -7,374 -
Net margin - - - - - - - -2.86% -43.21% -
EPS 2 1.520 0.3300 0.4000 0.0600 0.5700 -0.0700 0.4800 -0.0900 -2.840 0.2900
Dividend per Share 2 - - - - - - - 1.890 0.2000 0.2950
Announcement Date 2/28/20 9/30/20 2/26/21 9/30/21 2/25/22 9/30/22 2/23/23 9/29/23 2/29/24 -
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: Junio 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 88,288 124,098 114,402 135,593 137,138 125,734 124,572 121,782
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 5.19 x 9.036 x 8.271 x 11.03 x 9.552 x 10.56 x 11.52 x 10.43 x
Free Cash Flow 1 -3,134 -27,086 2,486 1,901 3,762 32,849 7,306 11,503
ROE (net income / shareholders' equity) 4.01% 2.66% 2.67% 2.66% 0.36% 0.79% 0.76% 1.05%
ROA (Net income/ Total Assets) 1.79% 1.19% 1.14% 1.12% 0.14% 0.23% 0.26% 0.35%
Assets 1 1,014,451 91,794 103,025 111,347 626,060 599,185 590,640 711,597
Book Value Per Share 2 87.70 97.90 107.0 84.80 96.80 77.60 77.20 76.90
Cash Flow per Share 2 2.740 -4.030 3.790 2.960 4.370 20.70 -0.1800 4.170
Capex 1 10,145 16,796 7,161 5,551 7,228 4,265 3,410 2,661
Capex / Sales 13.22% 28.46% 10.49% 8.14% 7.59% 9.69% 8.89% 6.88%
Announcement Date 9/25/19 9/30/20 9/30/21 9/30/22 9/29/23 - - -
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for New World Development Company Limited

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
16
Last Close Price
8.14 HKD
Average target price
9.843 HKD
Spread / Average Target
+20.92%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Real Estate Development & Operations

1st Jan change Capi.
NEW WORLD DEVELOPMENT COMPANY LIMITED Stock New World Development Company Limited
-32.84% 2.62B
MITSUI FUDOSAN CO., LTD. Stock Mitsui Fudosan Co., Ltd.
+36.16% 27.94B
SUN HUNG KAI PROPERTIES LIMITED Stock Sun Hung Kai Properties Limited
-13.74% 26.97B
DLF LIMITED Stock DLF Limited
+25.00% 26.95B
CHINA RESOURCES LAND LIMITED Stock China Resources Land Limited
-0.71% 25.32B
MITSUBISHI ESTATE CO., LTD. Stock Mitsubishi Estate Co., Ltd.
+44.49% 22.58B
EMAAR PROPERTIES Stock Emaar Properties
+2.78% 19.59B
CHINA OVERSEAS LAND & INVESTMENT LTD. Stock China Overseas Land & Investment Ltd.
+1.45% 19.52B
SUMITOMO REALTY & DEVELOPMENT CO., LTD. Stock Sumitomo Realty & Development Co., Ltd.
+28.54% 16.23B
CK ASSET HOLDINGS LIMITED Stock CK Asset Holdings Limited
-14.80% 14.98B
Other Real Estate Development & Operations
  1. Stock Market
  2. Equities
  3. 17 Stock
  4. Financials New World Development Company Limited