Financials Shenzhen Investment Holdings Bay Area Development Company Limited

Equities

737

KYG8088A1168

Highways & Rail Tracks

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
1.68 HKD -1.18% Intraday chart for Shenzhen Investment Holdings Bay Area Development Company Limited -1.18% +23.53%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 10,272 6,770 6,880 5,253 3,809 4,792 - -
Enterprise Value (EV) 1 15,282 10,708 7,267 8,758 3,809 7,852 7,649 7,427
P/E ratio - 9.83 x 11.3 x 18.9 x 7.21 x 12.3 x 12.2 x 12.1 x
Yield 5.97% 4.14% 8.85% 5.28% - 8.15% 8.2% 8.28%
Capitalization / Revenue 4,790,672 x 4,212,783 x 3,473,312 x 2,562,301 x - - - -
EV / Revenue 7,127,133 x 6,663,439 x 3,668,829 x 4,272,275 x - - - -
EV / EBITDA 8.15 x 7.5 x 3.9 x 5.01 x 1.55 x 7.71 x 7.32 x 6.94 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 2.12 x 1.36 x 1.36 x 1.16 x - 1.04 x 1.04 x 1.04 x
Nbr of stocks (in thousands) 3,081,690 3,081,690 3,081,690 3,081,690 3,081,690 3,081,690 - -
Reference price 2 3.333 2.197 2.233 1.705 1.236 1.555 1.555 1.555
Announcement Date 3/8/20 2/25/21 2/25/22 3/16/23 4/23/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 2,144 1,607 1,981 2,050 - - - -
EBITDA 1 1,875 1,427 1,865 1,748 2,455 1,018 1,045 1,070
EBIT 1 1,155 733.6 1,158 939.9 942.2 772.7 779.8 784.3
Operating Margin 53.85% 45.65% 58.46% 45.85% - - - -
Earnings before Tax (EBT) - - - - - - - -
Net income - - - - - - - -
Net margin - - - - - - - -
EPS 2 - 0.2235 0.1977 0.0904 0.1715 0.1269 0.1276 0.1289
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.1990 0.0910 0.1975 0.0900 - 0.1268 0.1275 0.1288
Announcement Date 3/8/20 2/25/21 2/25/22 3/16/23 4/23/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 5,010 3,938 387 3,506 - 3,060 2,857 2,635
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.672 x 2.759 x 0.2076 x 2.006 x - 3.005 x 2.734 x 2.461 x
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 12.6% 14% 12.1% 4.32% - 5.18% 5.2% 5.25%
ROA (Net income/ Total Assets) - - - - - - - -
Assets - - - - - - - -
Book Value Per Share 2 1.570 1.620 1.640 1.470 - 1.490 1.500 1.500
Cash Flow per Share 2 -0.0100 -0.0200 -0.0600 0.0300 - 0.2400 0.2900 0.2900
Capex 1 0.62 1.14 527 13 - 149 167 168
Capex / Sales 0.03% 0.07% 26.58% 0.63% - - - -
Announcement Date 3/8/20 2/25/21 2/25/22 3/16/23 4/23/24 - - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
1.555 CNY
Average target price
1.932 CNY
Spread / Average Target
+24.23%
Consensus

Annual profits - Rate of surprise

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