Financials Jinmao Property Services Co., Limited

Equities

816 HK0000827664

Real Estate Services

Delayed Hong Kong S.E. Other stock markets 10:47:03 10/05/2024 am IST			5-day change	1st Jan Change
2.66 ^HKD	0.00%		+1.53%	+47.78%

22/04	Jinmao Property Services Co., Limited Announces Resignation of Executive Director and Member of Strategy and ESG Committee	CI
22/04	Jinmao Property Services Co., Limited Announces Resignation of Zhou Liye as Chief Financial Officer	CI

Valuation

Fiscal Period: December	2022	2023	2024	2025	2026
Capitalization ¹	3,266	1,479	2,222	-	-
Enterprise Value (EV) ¹	2,247	1,479	618.7	288.3	-83.62
P/E ratio	9.51 x	4.42 x	5.97 x	5.36 x	4.81 x
Yield	4.71%	-	6%	6.63%	7.27%
Capitalization / Revenue	1.34 x	0.55 x	0.67 x	0.56 x	0.47 x
EV / Revenue	0.92 x	0.55 x	0.19 x	0.07 x	-0.02 x
EV / EBITDA	4.61 x	2.98 x	1.1 x	0.45 x	-0.12 x
EV / FCF	-	-	-	-	-
FCF Yield	-	-	-	-	-
Price to Book	2.43 x	-	1.21 x	1.05 x	0.92 x
Nbr of stocks (in thousands)	9,04,189	9,04,189	9,04,189	-	-
Reference price ²	3.612	1.636	2.458	2.458	2.458
Announcement Date	24/03/23	26/03/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	-	2,436	2,704	3,293	3,965	4,692
EBITDA ¹	-	488	495.9	562.5	639	715
EBIT ¹	-	447.9	451.3	503.8	561.5	623.6
Operating Margin	-	18.39%	16.69%	15.3%	14.16%	13.29%
Earnings before Tax (EBT) ¹	-	446.3	446.8	501.8	559.5	621.6
Net income ¹	178	336	337.3	385.5	438.5	491
Net margin	-	13.79%	12.47%	11.71%	11.06%	10.47%
EPS ²	0.2200	0.3800	0.3700	0.4116	0.4584	0.5106
Free Cash Flow	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-
Dividend per Share ²	-	0.1700	-	0.1474	0.1630	0.1786
Announcement Date	25/03/22	24/03/23	26/03/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 S1	2023 S1
Net sales ¹	1,097	1,353
EBITDA	-	-
EBIT	-	-
Operating Margin	-	-
Earnings before Tax (EBT)	222.3	-
Net income	169.2	-
Net margin	15.42%	-
EPS	-	-
Dividend per Share	-	-
Announcement Date	19/08/22	15/09/23

¹CNY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-
Net Cash position ¹	-	1,019	-	1,603	1,934	2,306
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	43.7%	-	21.5%	20.6%	20%
ROA (Net income/ Total Assets)	-	15.4%	-	9.46%	8.76%	7.86%
Assets ¹	-	2,181	-	4,075	5,006	6,247
Book Value Per Share ²	-	1.490	-	2.030	2.330	2.660
Cash Flow per Share ²	-	0.1700	-	0.5300	0.5800	0.5600
Capex ¹	-	70.6	-	61.3	73	84.6
Capex / Sales	-	2.9%	-	1.86%	1.84%	1.8%
Announcement Date	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

Ratings for Jinmao Property Services Co., Limited

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2.458 CNY

Average target price

2.078 CNY

Spread / Average Target

-15.43%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Real Estate Services

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JINMAO PROPERTY SERVICES CO., LIMITED	+47.78%	308M
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JONES LANG LASALLE INCORPORATED	+2.66%	9.22B
FIRSTSERVICE CORPORATION	-3.43%	6.81B
COLLIERS INTERNATIONAL GROUP INC.	-8.05%	5.66B
MAKKAH CONSTRUCTION AND DEVELOPMENT COMPANY	+47.78%	4.83B
CUSHMAN & WAKEFIELD PLC	-3.33%	2.39B

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