SHENZHEN SPECIAL ECONOMIC ZONE REAL ESTATE & PROPERTIES (GROUP) CO., LTD. Financials Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd. Shenzhen S.E.
Equities
200029
CNE000000F63
Real Estate Development & Operations
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.05 HKD | -0.49% |
|
-1.44% | -15.64% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 10,570 | 10,570 | 6,690 | 7,251 | 12,728 | 10,751 |
| Enterprise Value (EV) 1 | 8,539 | 8,111 | 4,079 | 6,223 | 12,234 | 9,217 |
| P/E ratio | 22.4 x | 20.5 x | 24.9 x | 35.9 x | 91.4 x | -47.4 x |
| Yield | 1.79% | 1.48% | 1.22% | 1.12% | 0.44% | - |
| Capitalization / Revenue | 4.86 x | 4.15 x | 4.14 x | 5.49 x | 20.1 x | 20.3 x |
| EV / Revenue | 3.93 x | 3.18 x | 2.53 x | 4.71 x | 19.3 x | 17.4 x |
| EV / EBITDA | 12.3 x | 11.3 x | 11.3 x | 21.9 x | 188 x | -21.6 x |
| EV / FCF | 7.91 x | 18.5 x | 13.5 x | -3.22 x | -18.1 x | 7.53 x |
| FCF Yield | 12.6% | 5.4% | 7.42% | -31% | -5.52% | 13.3% |
| Price to Book | 3.39 x | 3.08 x | 1.9 x | 2.01 x | 3.51 x | 3.22 x |
| Nbr of stocks (in thousands) | 1,011,660 | 1,011,660 | 1,011,660 | 1,011,660 | 1,011,660 | 1,011,660 |
| Reference price 2 | 11.17 | 11.17 | 7.140 | 7.830 | 13.89 | 11.76 |
| Announcement Date | 3/28/19 | 3/13/20 | 3/19/21 | 3/17/22 | 3/17/23 | 3/29/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 2,175 | 2,549 | 1,615 | 1,321 | 634.4 | 530.9 |
| EBITDA 1 | 693.7 | 720.5 | 361.3 | 284 | 65.08 | -427.1 |
| EBIT 1 | 664.8 | 691.6 | 331.3 | 254.9 | 36.61 | -455.6 |
| Operating Margin | 30.56% | 27.14% | 20.51% | 19.3% | 5.77% | -85.81% |
| Earnings before Tax (EBT) 1 | 682.7 | 732 | 400.4 | 286.4 | 215.6 | -430.7 |
| Net income 1 | 503.5 | 552.5 | 290.2 | 220.8 | 153.7 | -250.8 |
| Net margin | 23.15% | 21.68% | 17.97% | 16.72% | 24.23% | -47.25% |
| EPS 2 | 0.4977 | 0.5461 | 0.2869 | 0.2183 | 0.1519 | -0.2479 |
| Free Cash Flow 1 | 1,080 | 437.7 | 302.8 | -1,932 | -675.1 | 1,224 |
| FCF margin | 49.63% | 17.17% | 18.75% | -146.26% | -106.42% | 230.57% |
| FCF Conversion (EBITDA) | 155.63% | 60.75% | 83.82% | - | - | - |
| FCF Conversion (Net income) | 214.43% | 79.23% | 104.33% | - | - | - |
| Dividend per Share 2 | 0.2000 | 0.1650 | 0.0870 | 0.0880 | 0.0610 | - |
| Announcement Date | 3/28/19 | 3/13/20 | 3/19/21 | 3/17/22 | 3/17/23 | 3/29/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 2,031 | 2,459 | 2,611 | 1,028 | 494 | 1,533 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 1,080 | 438 | 303 | -1,932 | -675 | 1,224 |
| ROE (net income / shareholders' equity) | 16.9% | 16.1% | 8.07% | 5.52% | 3.51% | -11.1% |
| ROA (Net income/ Total Assets) | 9.6% | 9.03% | 4.21% | 2.87% | 0.39% | -4.68% |
| Assets 1 | 5,244 | 6,119 | 6,901 | 7,708 | 39,886 | 5,363 |
| Book Value Per Share 2 | 3.290 | 3.620 | 3.750 | 3.890 | 3.960 | 3.650 |
| Cash Flow per Share 2 | 1.140 | 2.480 | 2.660 | 0.5600 | 0.2000 | 0.8600 |
| Capex 1 | 0.63 | 21.9 | 0.75 | 1.85 | 0.71 | 1.48 |
| Capex / Sales | 0.03% | 0.86% | 0.05% | 0.14% | 0.11% | 0.28% |
| Announcement Date | 3/28/19 | 3/13/20 | 3/19/21 | 3/17/22 | 3/17/23 | 3/29/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -1.02% | 24.73B | |
| -31.17% | 10.88B | |
| +8.10% | 10.77B | |
| -24.81% | 7.68B | |
| -5.32% | 7B | |
| +3.73% | 6.55B | |
| +1.79% | 6.64B | |
| +16.16% | 3.69B | |
| -4.36% | 3.58B |
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