Company Valuation: Kaisa Prosperity Holdings Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2019 2020 2021 2022 2023 2024
Market Cap 1 2,628 2,477 1,504 557.5 145.5 218.7
Change - -5.76% -39.27% -62.93% -73.91% 50.31%
Enterprise Value (EV) 1 1,878 1,247 1,172 335.3 -129.2 -20.4
Change - -33.59% -6.09% -71.38% -138.55% 84.22%
P/E 16x 10.9x 27.1x 5.97x -0.32x 15.8x
PBR 3.96x 1.98x 1.22x 0.42x 0.17x 0.25x
PEG - 0.4x -0.4x 0.1x 0x -0x
Capitalization / Revenue 2.08x 1.43x 0.56x 0.31x 0.08x 0.13x
EV / Revenue 1.49x 0.72x 0.44x 0.19x -0.07x -0.01x
EV / EBITDA 8.84x 3.52x 2.85x 2.3x 0.32x -0.12x
EV / EBIT 9.09x 3.6x 2.94x 2.51x 0.32x -0.13x
EV / FCF 14.8x 9.45x 10.8x -4.31x -0.43x 1.91x
FCF Yield 6.77% 10.6% 9.29% -23.2% -235% 52.2%
Dividend per Share 2 0.466 0.5773 - - - -
Rate of return 2.48% 3.59% - - - -
EPS 2 1.17 1.48 0.36 0.606 -2.92 0.09
Distribution rate 39.8% 39% - - - -
Net sales 1 1,262 1,730 2,666 1,784 1,794 1,735
EBITDA 1 212.4 354.6 410.7 145.8 -399.3 168.8
EBIT 1 206.7 346.2 398.4 133.4 -410 155.9
Net income 1 163.9 222 56.81 93.38 -450 14.58
Net Debt 1 -749.7 -1,229 -332.5 -222.3 -274.7 -239.1
Reference price 2 18.7725 16.0830 9.7598 3.6179 0.9440 1.4189
Nbr of stocks (in thousands) 1,40,000 1,54,000 1,54,110 1,54,110 1,54,110 1,54,110
Announcement Date 27/04/20 27/04/21 05/07/22 27/04/23 29/04/24 28/04/25
1CNY in Million2CNY
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 1.85Cr
21.31x0.87x10.47x-.--% 3.69TCr
18.77x0.85x7.07x2.44% 1.93TCr
12.3x0.47x7.79x-.--% 1.36TCr
16.35x3.22x10.39x6.09% 1.07TCr
19.74x8.29x16.4x4.86% 971.38Cr
53.08x1.98x7.82x-.--% 616.74Cr
33.68x1.22x11.9x0.94% 557.33Cr
32.28x1.03x7.88x0.36% 438.78Cr
30.02x11.84x - 1.93% 414.2Cr
Average 26.39x 3.31x 9.97x 1.85% 1.11TCr
Weighted average by Cap. 22.29x 2.19x 9.86x 1.58%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Kaisa Prosperity Holdings Limited

Historical PBR trend

Valuation ratios - PBR - Kaisa Prosperity Holdings Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Kaisa Prosperity Holdings Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Kaisa Prosperity Holdings Limited

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