GREENTOWN SERVICE GROUP CO. LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.37 HKD | -3.44% |
|
-4.26% | +15.81% |
| 27/03 | Greentown’s Profit Rises 11% in 2023; Shares Surge 12% | MT |
| 26/03 | Greentown Service Group Co. Ltd. Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 11 July 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 21,214 | 25,922 | 19,039 | 14,788 | 8,432 | 9,922 | - | - |
| Enterprise Value (EV) 1 | 19,912 | 20,367 | 14,835 | 10,551 | 3,700 | 5,445 | 4,695 | 4,207 |
| P/E ratio | 44.7 x | 35 x | 22.6 x | 26.9 x | 13.9 x | 13 x | 11.3 x | 9.92 x |
| Yield | 0.9% | 1.25% | 2.22% | 1.91% | 5.23% | 4.91% | 5.73% | 6.73% |
| Capitalization / Revenue | 2.47 x | 2.57 x | 1.52 x | 1 x | 0.48 x | 0.5 x | 0.45 x | 0.41 x |
| EV / Revenue | 2.32 x | 2.02 x | 1.18 x | 0.71 x | 0.21 x | 0.28 x | 0.21 x | 0.17 x |
| EV / EBITDA | 22.6 x | 16.2 x | 9.71 x | 8.14 x | 2.78 x | 3.53 x | 2.67 x | 2.15 x |
| EV / FCF | 29.2 x | 21 x | 24.3 x | 43.7 x | 3.97 x | 7.11 x | 3.99 x | 2.85 x |
| FCF Yield | 3.43% | 4.75% | 4.11% | 2.29% | 25.2% | 14.1% | 25% | 35.1% |
| Price to Book | 7.68 x | 3.61 x | 2.71 x | 2.08 x | 1.15 x | 1.29 x | 1.22 x | 1.15 x |
| Nbr of stocks (in thousands) | 27,89,485 | 32,18,248 | 32,45,296 | 32,32,380 | 31,88,036 | 31,63,646 | - | - |
| Reference price 2 | 7.605 | 8.055 | 5.867 | 4.575 | 2.645 | 3.136 | 3.136 | 3.136 |
| Announcement Date | 31/03/20 | 26/03/21 | 25/03/22 | 24/03/23 | 26/03/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 8,582 | 10,106 | 12,566 | 14,856 | 17,393 | 19,702 | 22,090 | 24,464 |
| EBITDA 1 | 881.4 | 1,255 | 1,528 | 1,296 | 1,332 | 1,544 | 1,760 | 1,954 |
| EBIT 1 | 643.8 | 969.6 | 1,150 | 862.9 | 847 | 1,210 | 1,402 | 1,566 |
| Operating Margin | 7.5% | 9.6% | 9.15% | 5.81% | 4.87% | 6.14% | 6.35% | 6.4% |
| Earnings before Tax (EBT) 1 | 643.2 | 1,003 | 1,191 | 863.9 | 972.2 | 1,250 | 1,451 | 1,628 |
| Net income 1 | 477.4 | 710.4 | 846.3 | 547.5 | 605.4 | 771.4 | 893.6 | 1,012 |
| Net margin | 5.56% | 7.03% | 6.73% | 3.69% | 3.48% | 3.92% | 4.05% | 4.14% |
| EPS 2 | 0.1700 | 0.2300 | 0.2600 | 0.1700 | 0.1900 | 0.2408 | 0.2785 | 0.3162 |
| Free Cash Flow 1 | 682.6 | 968.4 | 609.3 | 241.5 | 933.2 | 766 | 1,176 | 1,478 |
| FCF margin | 7.95% | 9.58% | 4.85% | 1.63% | 5.37% | 3.89% | 5.32% | 6.04% |
| FCF Conversion (EBITDA) | 77.45% | 77.17% | 39.87% | 18.63% | 70.08% | 49.6% | 66.82% | 75.62% |
| FCF Conversion (Net income) | 142.99% | 136.32% | 72% | 44.11% | 154.15% | 99.29% | 131.6% | 146.07% |
| Dividend per Share 2 | 0.0685 | 0.1010 | 0.1301 | 0.0875 | 0.1384 | 0.1541 | 0.1798 | 0.2109 |
| Announcement Date | 31/03/20 | 26/03/21 | 25/03/22 | 24/03/23 | 26/03/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,919 | 4,400 | 5,706 | 5,596 | 6,970 | 6,828 | 8,029 | 8,197 | 9,196 | 9,212 | 10,414 |
| EBITDA | 494.9 | 653.9 | - | 876.5 | 651.6 | - | - | - | - | - | - |
| EBIT 1 | 331.3 | 496.2 | - | 700 | 450 | 498.4 | 364.4 | 521.1 | 325.9 | 812.6 | 508.2 |
| Operating Margin | 6.73% | 11.28% | - | 12.51% | 6.46% | 7.3% | 4.54% | 6.36% | 3.54% | 8.82% | 4.88% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - |
| Net income | 243 | 373.6 | - | 508.8 | - | - | - | 415.4 | - | - | - |
| Net margin | 4.94% | 8.49% | - | 9.09% | - | - | - | 5.07% | - | - | - |
| EPS 2 | 0.0900 | 0.1300 | 0.1000 | 0.1700 | 0.0900 | 0.1000 | 0.0700 | 0.1300 | 0.0600 | 0.1800 | 0.0800 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 31/03/20 | 21/08/20 | 26/03/21 | 27/08/21 | 25/03/22 | 26/08/22 | 24/03/23 | 25/08/23 | 26/03/24 | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 1,303 | 5,555 | 4,204 | 4,237 | 4,732 | 4,477 | 5,227 | 5,715 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 683 | 968 | 609 | 241 | 933 | 766 | 1,176 | 1,478 |
| ROE (net income / shareholders' equity) | 18.8% | 14.8% | 12.2% | 7.74% | 8.51% | 10.2% | 11.3% | 12% |
| ROA (Net income/ Total Assets) | 6.89% | 6.58% | 6.17% | 3.51% | 3.54% | 4.26% | 4.68% | 4.66% |
| Assets 1 | 6,933 | 10,800 | 13,727 | 15,616 | 17,098 | 18,114 | 19,089 | 21,713 |
| Book Value Per Share 2 | 0.9900 | 2.230 | 2.160 | 2.200 | 2.310 | 2.430 | 2.580 | 2.740 |
| Cash Flow per Share 2 | 0.3300 | 0.4300 | 0.3100 | 0.2100 | 0.4500 | 0.5400 | 0.5700 | 0.7000 |
| Capex 1 | 237 | 348 | 409 | 454 | 503 | 447 | 419 | 449 |
| Capex / Sales | 2.76% | 3.44% | 3.26% | 3.05% | 2.89% | 2.27% | 1.9% | 1.84% |
| Announcement Date | 31/03/20 | 26/03/21 | 25/03/22 | 24/03/23 | 26/03/24 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
21
Last Close Price
3.136
CNY
Average target price
3.471
CNY
Spread / Average Target
+10.66%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +15.81% | 1.37B | |
| -7.18% | 7.56B | |
| -6.02% | 3.52B | |
| -28.59% | 2.06B | |
| +0.35% | 2.03B | |
| +0.74% | 1.63B | |
| -58.93% | 1.27B | |
| -20.37% | 845M | |
| -1.33% | 720M | |
| -41.76% | 718M |
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