Financials China Evergrande Group

Equities

3333

KYG2119W1069

Real Estate Development & Operations

Delayed Hong Kong S.E. 01:38:35 29/01/2024 pm IST 5-day change 1st Jan Change
0.163 HKD -20.87% Intraday chart for China Evergrande Group -.--% -30.64%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 2,95,587 2,70,115 2,55,309 1,66,029 17,107 17,712
Enterprise Value (EV) 1 8,74,867 8,17,451 9,24,850 7,89,158 6,59,675 6,94,684
P/E ratio 12.5 x 7.45 x 14.8 x 20.6 x -0.04 x -0.17 x
Yield 4.1% 6.89% 3.38% 1.21% - -
Capitalization / Revenue 0.95 x 0.58 x 0.53 x 0.33 x 0.07 x 0.08 x
EV / Revenue 2.81 x 1.75 x 1.94 x 1.56 x 2.64 x 3.02 x
EV / EBITDA 10.9 x 6.02 x 10.2 x 11.1 x -1.44 x -36.5 x
EV / FCF -3.89 x 8.08 x -10.8 x 5.04 x 2.25 x 95.4 x
FCF Yield -25.7% 12.4% -9.26% 19.9% 44.4% 1.05%
Price to Book 2.58 x 2.03 x 1.75 x 1.13 x -0.04 x -0.04 x
Nbr of stocks (in thousands) 1,31,68,260 1,31,18,064 1,32,26,188 1,32,39,285 1,32,04,301 1,32,04,301
Reference price 2 22.45 20.59 19.30 12.54 1.296 1.341
Announcement Date 30/04/18 08/04/19 28/04/20 29/04/21 16/08/23 16/08/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 3,11,022 4,66,196 4,77,561 5,07,248 2,50,013 2,30,067
EBITDA 1 80,139 1,35,869 90,384 71,142 -4,58,618 -19,010
EBIT 1 78,145 1,33,256 87,145 67,484 -4,68,194 -25,134
Operating Margin 25.13% 28.58% 18.25% 13.3% -187.27% -10.92%
Earnings before Tax (EBT) 1 77,473 1,26,765 74,172 68,245 -6,98,895 -1,12,763
Net income 1 24,372 37,390 17,280 8,076 -4,76,035 -1,05,914
Net margin 7.84% 8.02% 3.62% 1.59% -190.4% -46.04%
EPS 2 1.795 2.765 1.304 0.6100 -36.01 -8.021
Free Cash Flow 1 -2,25,010 1,01,117 -85,611 1,56,659 2,92,946 7,280
FCF margin -72.35% 21.69% -17.93% 30.88% 117.17% 3.16%
FCF Conversion (EBITDA) - 74.42% - 220.21% - -
FCF Conversion (Net income) - 270.44% - 1,939.81% - -
Dividend per Share 2 0.9200 1.419 0.6530 0.1520 - -
Announcement Date 30/04/18 08/04/19 28/04/20 29/04/21 16/08/23 16/08/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 5,79,280 5,47,336 6,69,541 6,23,129 6,42,568 6,76,972
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 7.228 x 4.028 x 7.408 x 8.759 x -1.401 x -35.61 x
Free Cash Flow 1 -2,25,010 1,01,117 -85,611 1,56,659 2,92,947 7,281
ROE (net income / shareholders' equity) 17% 24.2% 10.1% 8.86% 1,119% 23.5%
ROA (Net income/ Total Assets) 3.14% 4.57% 2.67% 1.87% -13.3% -0.8%
Assets 1 7,76,624 8,17,482 6,48,284 4,31,572 35,85,681 1,33,00,766
Book Value Per Share 2 8.720 10.10 11.00 11.10 -29.70 -37.80
Cash Flow per Share 2 11.50 9.860 11.30 12.00 0.4100 0.3300
Capex 1 14,369 9,594 11,838 12,376 26,172 7,977
Capex / Sales 4.62% 2.06% 2.48% 2.44% 10.47% 3.47%
Announcement Date 30/04/18 08/04/19 28/04/20 29/04/21 16/08/23 16/08/23
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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