Financials Zensun Enterprises Limited

Equities

185

HK0000769783

Real Estate Development & Operations

Market Closed - Hong Kong S.E. 04:08:03 2024-03-28 am EDT 5-day change 1st Jan Change
0.33 HKD +4.76% Intraday chart for Zensun Enterprises Limited -.--% +53.49%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 1,569 1,351 3,174 6,925 6,018 2,349
Enterprise Value (EV) 2 15,931 25,721 27,826 30,775 25,488 17,648
P/E ratio 10.3 x 45.1 x 2.07 x 5.14 x 15.1 x -0.8 x
Yield - - 5.42% 2.24% - -
Capitalization / Revenue 1.23 x 2.25 x 0.36 x 0.86 x 0.45 x 0.24 x
EV / Revenue 12.5 x 42.8 x 3.13 x 3.81 x 1.9 x 1.83 x
EV / EBITDA 55.7 x 773 x 14.2 x 25.4 x 41.7 x -8.32 x
EV / FCF -1.22 x -2.08 x -16.7 x -13.3 x 5.12 x 3.09 x
FCF Yield -82.3% -48.1% -5.98% -7.54% 19.5% 32.3%
Price to Book 1.14 x 1.2 x 0.85 x 0.88 x 0.73 x 0.44 x
Nbr of stocks (in thousands) 617,682 617,682 1,029,470 1,913,387 1,913,387 1,913,387
Reference price 3 2.540 2.186 3.083 3.619 3.145 1.228
Announcement Date 4/24/18 4/24/19 4/21/20 4/22/21 4/27/22 4/26/23
1CNY in Million2HKD in Million3CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 1,272 601.5 8,887 8,069 13,421 9,657
EBITDA 1 286.3 33.29 1,961 1,212 611.1 -2,122
EBIT 1 285.2 30.56 1,957 1,210 609 -2,142
Operating Margin 22.42% 5.08% 22.02% 15% 4.54% -22.18%
Earnings before Tax (EBT) 1 275 58.51 2,038 1,222 658.6 -2,749
Net income 1 152.5 29.97 1,152 783 399.5 -2,946
Net margin 11.99% 4.98% 12.96% 9.7% 2.98% -30.51%
EPS 2 0.2468 0.0485 1.487 0.7038 0.2088 -1.540
Free Cash Flow 1 -13,111 -12,374 -1,665 -2,320 4,979 5,702
FCF margin -1,030.78% -2,057.26% -18.74% -28.75% 37.09% 59.05%
FCF Conversion (EBITDA) - - - - 814.66% -
FCF Conversion (Net income) - - - - 1,246.3% -
Dividend per Share - - 0.1670 0.0810 - -
Announcement Date 4/24/18 4/24/19 4/21/20 4/22/21 4/27/22 4/26/23
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 14,362 24,371 24,652 23,851 19,470 15,299
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 50.17 x 732.1 x 12.57 x 19.67 x 31.86 x -7.211 x
Free Cash Flow 1 -13,111 -12,374 -1,665 -2,320 4,979 5,702
ROE (net income / shareholders' equity) 12% 2.52% 47.4% 13.4% 4.79% -43.5%
ROA (Net income/ Total Assets) 1.37% 0.07% 2.67% 1.27% 0.56% -2.06%
Assets 1 11,105 45,618 43,075 61,653 71,055 142,821
Book Value Per Share 2 2.230 1.830 3.630 4.120 4.280 2.780
Cash Flow per Share 2 1.330 1.090 3.110 1.680 0.9600 0.2600
Capex 1 3.79 6.57 6.24 4.57 2.81 4.81
Capex / Sales 0.3% 1.09% 0.07% 0.06% 0.02% 0.05%
Announcement Date 4/24/18 4/24/19 4/21/20 4/22/21 4/27/22 4/26/23
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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