Financials Guangdong Hongda Holdings Group Co., Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 03:30:00 30/04/2024 am IST			5-day change	1st Jan Change
21.32 ^CNY	+0.19%		-5.08%	+6.18%

24/04	Guangdong Hongda Holdings Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
24/04	Guangdong Hongda Holdings Group Co., Ltd. Approves Profit Distribution for the Year 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	13,329	26,966	22,572	20,187	15,256	16,196	-	-
Enterprise Value (EV) ¹	13,329	26,966	22,572	20,187	15,256	16,196	16,196	16,196
P/E ratio	43.1 x	63.6 x	47 x	36 x	21 x	19.4 x	16.8 x	14.8 x
Yield	-	-	1%	1.11%	2.79%	1.91%	2.22%	2.44%
Capitalization / Revenue	2.27 x	-	2.65 x	1.99 x	1.32 x	1.22 x	1.07 x	0.94 x
EV / Revenue	2.27 x	-	2.65 x	1.99 x	1.32 x	1.22 x	1.07 x	0.94 x
EV / EBITDA	-	-	-	-	9.66 x	9.41 x	8 x	6.85 x
EV / FCF	-	-	-	-	-	22.7 x	26.1 x	15.5 x
FCF Yield	-	-	-	-	-	4.41%	3.83%	6.46%
Price to Book	-	-	4.03 x	3.4 x	2.36 x	2.32 x	2.13 x	1.95 x
Nbr of stocks (in thousands)	7,07,109	7,50,093	7,49,412	7,48,760	7,59,739	7,59,653	-	-
Reference price ²	18.85	35.95	30.12	26.96	20.08	21.32	21.32	21.32
Announcement Date	28/02/20	25/03/21	25/03/22	24/03/23	29/03/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	5,861	-	8,526	10,169	11,543	13,316	15,138	17,221
EBITDA ¹	-	-	-	-	1,579	1,722	2,025	2,366
EBIT ¹	-	-	811.6	973.9	1,138	1,311	1,497	1,693
Operating Margin	-	-	9.52%	9.58%	9.86%	9.85%	9.89%	9.83%
Earnings before Tax (EBT) ¹	-	-	805.5	966.4	1,134	1,310	1,496	1,691
Net income ¹	-	403.8	480.2	560.8	716	831	966.5	1,093
Net margin	-	-	5.63%	5.51%	6.2%	6.24%	6.38%	6.35%
EPS ²	0.4372	0.5650	0.6407	0.7491	0.9553	1.097	1.267	1.440
Free Cash Flow ¹	-	-	-	-	-	715	620	1,047
FCF margin	-	-	-	-	-	5.37%	4.1%	6.08%
FCF Conversion (EBITDA)	-	-	-	-	-	41.52%	30.62%	44.25%
FCF Conversion (Net income)	-	-	-	-	-	86.04%	64.15%	95.76%
Dividend per Share ²	-	-	0.3000	0.3000	0.5600	0.4067	0.4733	0.5200
Announcement Date	28/02/20	25/03/21	25/03/22	24/03/23	29/03/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	-	-	-	-	-	715	620	1,047
ROE (net income / shareholders' equity)	-	-	8.83%	9.73%	11.6%	12%	12.7%	13.3%
ROA (Net income/ Total Assets)	-	-	3.95%	-	-	5.5%	5.75%	6%
Assets ¹	-	-	12,171	-	-	15,109	16,809	18,222
Book Value Per Share ²	-	-	7.470	7.920	8.520	9.190	10.00	10.90
Cash Flow per Share ²	-	-	1.710	1.190	1.860	2.150	2.260	2.480
Capex ¹	-	-	-	678	804	950	960	942
Capex / Sales	-	-	-	6.66%	6.97%	7.13%	6.34%	5.47%
Announcement Date	28/02/20	25/03/21	25/03/22	24/03/23	29/03/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

21.32 CNY

Average target price

25.93 CNY

Spread / Average Target

+21.63%

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