RADIANCE HOLDINGS (GROUP) COMPANY LIMITED Financials Radiance Holdings (Group) Company Limited
Equities
9993
KYG7339A1076
Real Estate Development & Operations
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.29 HKD | +2.23% |
|
+4.09% | -39.42% |
| Apr. 01 | Radiance Holdings Swings to Loss in 2023 | MT |
| Mar. 28 | Radiance Holdings Company Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Capitalization 1 | 15,185 | 13,679 | 13,540 | 13,898 |
| Enterprise Value (EV) 1 | 52,812 | 60,148 | 52,343 | 41,074 |
| P/E ratio | 4.21 x | 4.18 x | 7.94 x | -23.9 x |
| Yield | 7.19% | 3.84% | - | - |
| Capitalization / Revenue | 0.44 x | 0.34 x | 0.38 x | 0.41 x |
| EV / Revenue | 1.51 x | 1.5 x | 1.48 x | 1.2 x |
| EV / EBITDA | 9.91 x | 11.8 x | 16.2 x | 60.2 x |
| EV / FCF | -75.6 x | -22.4 x | 3.9 x | 9.66 x |
| FCF Yield | -1.32% | -4.47% | 25.6% | 10.4% |
| Price to Book | 0.7 x | 0.58 x | 0.55 x | 0.58 x |
| Nbr of stocks (in thousands) | 4,045,227 | 4,045,227 | 4,045,227 | 4,045,227 |
| Reference price 2 | 3.754 | 3.381 | 3.347 | 3.436 |
| Announcement Date | 4/12/21 | 4/26/22 | 4/25/23 | 4/26/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 15,971 | 25,963 | 34,875 | 40,026 | 35,318 | 34,249 |
| EBITDA 1 | 3,453 | 3,908 | 5,328 | 5,102 | 3,231 | 681.8 |
| EBIT 1 | 3,410 | 3,854 | 5,283 | 5,058 | 3,202 | 659.8 |
| Operating Margin | 21.35% | 14.84% | 15.15% | 12.64% | 9.07% | 1.93% |
| Earnings before Tax (EBT) 1 | 3,650 | 4,569 | 6,537 | 6,466 | 3,706 | 697.8 |
| Net income 1 | 2,008 | 2,508 | 3,128 | 3,275 | 1,705 | -581.2 |
| Net margin | 12.57% | 9.66% | 8.97% | 8.18% | 4.83% | -1.7% |
| EPS | - | 1.475 | 0.8911 | 0.8095 | 0.4215 | -0.1437 |
| Free Cash Flow 1 | -328.4 | -10,277 | -699 | -2,688 | 13,422 | 4,252 |
| FCF margin | -2.06% | -39.58% | -2% | -6.72% | 38% | 12.41% |
| FCF Conversion (EBITDA) | - | - | - | - | 415.43% | 623.67% |
| FCF Conversion (Net income) | - | - | - | - | 787.19% | - |
| Dividend per Share | - | - | 0.2700 | 0.1300 | - | - |
| Announcement Date | 9/25/20 | 9/25/20 | 4/12/21 | 4/26/22 | 4/25/23 | 4/26/24 |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 34,939 | 44,791 | 37,627 | 46,469 | 38,802 | 27,175 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 10.12 x | 11.46 x | 7.062 x | 9.108 x | 12.01 x | 39.86 x |
| Free Cash Flow 1 | -328 | -10,277 | -699 | -2,688 | 13,422 | 4,252 |
| ROE (net income / shareholders' equity) | 14.3% | 13.8% | 13.3% | 10% | 5.7% | -1.21% |
| ROA (Net income/ Total Assets) | 2.06% | 1.78% | 1.97% | 1.68% | 1.13% | 0.28% |
| Assets 1 | 97,700 | 140,563 | 158,653 | 195,439 | 150,501 | -205,461 |
| Book Value Per Share | - | 9.900 | 5.330 | 5.840 | 6.060 | 5.920 |
| Cash Flow per Share | - | 5.420 | 5.130 | 2.770 | 1.090 | 1.750 |
| Capex 1 | 30.7 | 45.5 | 28.2 | 208 | 33.9 | 169 |
| Capex / Sales | 0.19% | 0.18% | 0.08% | 0.52% | 0.1% | 0.49% |
| Announcement Date | 9/25/20 | 9/25/20 | 4/12/21 | 4/26/22 | 4/25/23 | 4/26/24 |
1CNY in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -39.42% | 1.16B | |
| -1.93% | 24.13B | |
| -30.21% | 11.09B | |
| +7.45% | 10.8B | |
| -24.39% | 7.73B | |
| -5.21% | 7.01B | |
| +1.79% | 6.64B | |
| +4.89% | 6.59B | |
| +16.88% | 3.7B | |
| -1.97% | 3.64B |
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