KWG GROUP HOLDINGS LIMITED Financials KWG Group Holdings Limited
Equities
1813
KYG532241042
Real Estate Development & Operations
|
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.365 HKD | +2.82% |
|
+52.08% | -34.82% |
| 29/04 | Chinese property shares rally on stimulus policy hopes | RE |
| 26/04 | KWG Group Widens Loss in 2023 | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 31,002 | 28,282 | 13,217 | 5,615 | 1,740 | 1,123 | - | - |
| Enterprise Value (EV) 1 | 65,201 | 65,507 | 60,488 | 70,668 | 1,740 | 71,940 | 62,968 | 61,566 |
| P/E ratio | 3.16 x | 4.24 x | 4.33 x | -0.57 x | -0.09 x | -0.19 x | -0.33 x | -0.38 x |
| Yield | 7.58% | 10.4% | 8.9% | - | - | - | - | - |
| Capitalization / Revenue | 1.24 x | 0.95 x | 0.55 x | 0.42 x | 0.11 x | 0.12 x | 0.11 x | 0.18 x |
| EV / Revenue | 2.61 x | 2.2 x | 2.54 x | 5.25 x | 0.11 x | 7.58 x | 6.15 x | 9.82 x |
| EV / EBITDA | 7.9 x | 7.72 x | 26.8 x | -13.5 x | -0.25 x | -9.26 x | -16 x | - |
| EV / FCF | -12.9 x | -29.2 x | -23.4 x | - | - | 12 x | 8.93 x | - |
| FCF Yield | -7.76% | -3.43% | -4.26% | - | - | 8.35% | 11.2% | - |
| Price to Book | 0.87 x | 0.65 x | 0.29 x | 0.17 x | - | 0.16 x | 0.07 x | 2.9 x |
| Nbr of stocks (in thousands) | 31,76,749 | 31,76,097 | 31,80,553 | 34,18,422 | 34,18,793 | 34,18,884 | - | - |
| Reference price 2 | 9.759 | 8.905 | 4.156 | 1.643 | 0.5090 | 0.3285 | 0.3285 | 0.3285 |
| Announcement Date | 25/03/20 | 25/03/21 | 31/03/22 | 31/03/23 | 27/03/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 24,956 | 29,742 | 23,845 | 13,453 | 15,807 | 9,494 | 10,242 | 6,267 |
| EBITDA 1 | 8,250 | 8,487 | 2,255 | -5,252 | -6,897 | -7,770 | -3,947 | - |
| EBIT 1 | 7,987 | 8,201 | 1,889 | -5,636 | -7,248 | -3,429 | -2,806 | -840.7 |
| Operating Margin | 32% | 27.57% | 7.92% | -41.9% | -45.85% | -36.12% | -27.4% | -13.41% |
| Earnings before Tax (EBT) 1 | 13,619 | 10,063 | 4,881 | -10,697 | -17,627 | -6,689 | -3,448 | -3,286 |
| Net income 1 | 9,806 | 6,677 | 3,058 | -9,241 | -18,733 | -5,898 | -3,414 | -2,957 |
| Net margin | 39.29% | 22.45% | 12.82% | -68.69% | -118.51% | -62.13% | -33.34% | -47.19% |
| EPS 2 | 3.090 | 2.100 | 0.9600 | -2.890 | -5.480 | -1.725 | -0.9988 | -0.8650 |
| Free Cash Flow 1 | -5,056 | -2,245 | -2,580 | - | - | 6,008 | 7,054 | - |
| FCF margin | -20.26% | -7.55% | -10.82% | - | - | 63.29% | 68.88% | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.7400 | 0.9300 | 0.3700 | - | - | - | - | - |
| Announcement Date | 25/03/20 | 25/03/21 | 31/03/22 | 31/03/23 | 27/03/24 | - | - | - |
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 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 14,309 | - | 16,259 | 12,974 | 10,871 | 8,470 | 4,983 | 7,454 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | 3,114 | - | 1,068 | - | - |
| Operating Margin | - | - | - | 24% | - | 12.62% | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - |
| Net income 1 | - | 3,516 | - | 2,753 | - | - | - | -9,889 |
| Net margin | - | - | - | 21.22% | - | - | - | -132.66% |
| EPS 2 | - | 1.106 | - | 0.8650 | - | - | - | -2.893 |
| Dividend per Share | - | 0.4000 | - | 0.3700 | - | - | - | - |
| Announcement Date | 25/03/20 | 27/08/20 | 25/03/21 | 27/08/21 | 31/03/22 | 30/08/22 | 31/03/23 | 30/08/23 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 34,200 | 37,225 | 47,271 | 65,053 | - | 70,816 | 61,845 | 60,443 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.145 x | 4.386 x | 20.96 x | -12.39 x | - | -9.114 x | -15.67 x | - |
| Free Cash Flow 1 | -5,056 | -2,245 | -2,580 | - | - | 6,008 | 7,054 | - |
| ROE (net income / shareholders' equity) | 16.2% | 16.8% | 6.91% | -24.4% | - | -60.3% | -53.5% | -158% |
| ROA (Net income/ Total Assets) | 2.61% | 2.99% | 1.31% | -4.27% | - | -4.97% | -3.04% | - |
| Assets 1 | 3,75,026 | 2,23,260 | 2,32,544 | 2,16,408 | - | 1,18,712 | 1,12,415 | - |
| Book Value Per Share 2 | 11.30 | 13.70 | 14.10 | 9.860 | - | 2.000 | 4.380 | 0.1100 |
| Cash Flow per Share 2 | -1.350 | 0.3600 | -0.0100 | 3.510 | - | 1.170 | 1.960 | 2.470 |
| Capex 1 | 781 | 1,180 | 1,376 | 1,185 | - | 66.9 | 70.2 | 73.7 |
| Capex / Sales | 3.13% | 3.97% | 5.77% | 8.81% | - | 0.7% | 0.69% | 1.18% |
| Announcement Date | 25/03/20 | 25/03/21 | 31/03/22 | 31/03/23 | 27/03/24 | - | - | - |
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
SELL
Number of Analysts
4
Last Close Price
0.3285
CNY
Average target price
0.3392
CNY
Spread / Average Target
+3.26%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -34.82% | 155M | |
| +40.37% | 28.71B | |
| -14.03% | 26.95B | |
| +22.78% | 26.45B | |
| +3.04% | 25.94B | |
| +49.77% | 23.39B | |
| +5.67% | 20.4B | |
| -2.65% | 19.76B | |
| +28.95% | 16.53B | |
| -14.54% | 15.1B |
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- Financials KWG Group Holdings Limited
