Financials Sino Land Company Limited

Equities

83

HK0083000502

Real Estate Development & Operations

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
8.22 HKD +1.23% Intraday chart for Sino Land Company Limited +4.98% -3.18%

Valuation

Fiscal Period: Juni 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 89,303 68,690 90,528 89,376 78,695 71,101 - -
Enterprise Value (EV) 1 55,244 30,429 52,568 47,842 36,727 30,060 28,719 31,296
P/E ratio 12.7 x 40.6 x 9.2 x 15.2 x 13.2 x 12.6 x 11.6 x 10.7 x
Yield 4.2% 5.64% 4.49% 4.92% 6.02% 7.12% 7.23% 7.35%
Capitalization / Revenue 11.1 x 11.7 x 3.69 x 5.75 x 6.62 x 7.48 x 6.53 x 5.37 x
EV / Revenue 6.9 x 5.17 x 2.14 x 3.08 x 3.09 x 3.16 x 2.64 x 2.36 x
EV / EBITDA 15.9 x 11.7 x 4.14 x 6.34 x 8.19 x 7.98 x 7.02 x 6.34 x
EV / FCF 3.9 x 5.21 x 24.1 x 7.46 x -53.7 x 5.93 x 7.73 x 6.47 x
FCF Yield 25.7% 19.2% 4.15% 13.4% -1.86% 16.9% 12.9% 15.5%
Price to Book 0.6 x 0.47 x 0.57 x 0.55 x 0.47 x 0.42 x 0.41 x 0.41 x
Nbr of stocks (in thousands) 6,816,991 7,045,159 7,396,071 7,718,157 8,171,883 8,649,731 - -
Reference price 2 13.10 9.750 12.24 11.58 9.630 8.220 8.220 8.220
Announcement Date 8/29/19 8/26/20 8/26/21 8/25/22 8/29/23 - - -
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Juni 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 8,010 5,887 24,545 15,554 11,881 9,511 10,890 13,251
EBITDA 1 3,476 2,593 12,684 7,541 4,483 3,766 4,088 4,937
EBIT 1 3,353 2,407 12,497 7,359 4,285 3,541 3,908 4,193
Operating Margin 41.87% 40.89% 50.92% 47.32% 36.07% 37.22% 35.88% 31.64%
Earnings before Tax (EBT) 1 7,718 2,200 13,005 7,314 6,741 6,461 6,869 7,428
Net income 1 6,915 1,688 9,646 5,735 5,849 5,448 5,840 6,391
Net margin 86.33% 28.67% 39.3% 36.87% 49.23% 57.28% 53.62% 48.23%
EPS 2 1.030 0.2400 1.330 0.7600 0.7300 0.6529 0.7066 0.7676
Free Cash Flow 1 14,170 5,843 2,180 6,413 -683.6 5,069 3,718 4,840
FCF margin 176.91% 99.26% 8.88% 41.23% -5.75% 53.29% 34.14% 36.52%
FCF Conversion (EBITDA) 407.67% 225.37% 17.19% 85.05% - 134.59% 90.93% 98.02%
FCF Conversion (Net income) 204.92% 346.17% 22.6% 111.82% - 93.04% 63.66% 75.72%
Dividend per Share 2 0.5500 0.5500 0.5500 0.5700 0.5800 0.5852 0.5944 0.6041
Announcement Date 8/29/19 8/26/20 8/26/21 8/25/22 8/29/23 - - -
1HKD in Million2HKD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: Juni 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2
Net sales 1 3,169 2,718 4,098 20,448 10,892 4,662 6,383 5,499 4,923 4,878
EBITDA - - - - - - - - - -
EBIT 1 - - - 10,807 5,028 2,332 2,208 2,077 1,423 1,358
Operating Margin - - - 52.85% 46.16% 50.01% 34.59% 37.78% 28.92% 27.85%
Earnings before Tax (EBT) - - - - - - - - 2,959 -
Net income - - - - - - - - 2,616 -
Net margin - - - - - - - - 53.14% -
EPS 2 0.4000 -0.1600 0.1800 1.150 0.5800 0.1800 0.3600 0.3700 0.3100 0.2500
Dividend per Share 2 0.1400 - - - - - - - 0.1500 0.4300
Announcement Date 2/26/20 8/26/20 2/25/21 8/26/21 2/17/22 8/25/22 2/21/23 8/29/23 2/22/24 -
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: Juni 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 34,059 38,261 37,960 41,534 41,968 41,040 42,382 39,804
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 14,170 5,843 2,180 6,413 -684 5,069 3,718 4,840
ROE (net income / shareholders' equity) 3.28% 3.14% 6.43% 4.18% 3.81% 3.41% 3.58% 3.94%
ROA (Net income/ Total Assets) 2.75% 2.48% 5.24% 3.62% 3.4% 2.76% 2.66% 2.86%
Assets 1 251,555 68,061 184,218 158,388 172,101 197,374 219,662 223,705
Book Value Per Share 2 21.70 21.00 21.50 20.90 20.50 19.70 20.10 20.20
Cash Flow per Share 2 2.120 0.8500 0.3100 0.8600 -0.0700 0.0100 0.0700 0.1500
Capex 1 73.4 49.6 38 52.5 108 134 86.3 139
Capex / Sales 0.92% 0.84% 0.15% 0.34% 0.91% 1.41% 0.79% 1.05%
Announcement Date 8/29/19 8/26/20 8/26/21 8/25/22 8/29/23 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
13
Last Close Price
8.22 HKD
Average target price
10.16 HKD
Spread / Average Target
+23.60%
Consensus
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