Financials Nanjing Chixia Development Co.,Ltd.

Equities

600533

CNE000001B09

Real Estate Development & Operations

End-of-day quote Shanghai S.E. 03:30:00 30/04/2024 am IST 5-day change 1st Jan Change
2.25 CNY -3.02% Intraday chart for Nanjing Chixia Development Co.,Ltd. +11.94% -23.21%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,087 3,518 3,339 3,255 4,022 3,076
Enterprise Value (EV) 1 9,423 11,533 11,785 9,786 11,173 12,352
P/E ratio 14.2 x 11.8 x 10.2 x 8.8 x 21.3 x -22.5 x
Yield 3.4% 2.99% 3.14% 3.87% 2.61% -
Capitalization / Revenue 1.32 x 1.53 x 1.01 x 1.02 x 0.58 x 0.64 x
EV / Revenue 4.03 x 5 x 3.57 x 3.06 x 1.62 x 2.59 x
EV / EBITDA 17.9 x 18.3 x 23.3 x 12.8 x 22 x 44.4 x
EV / FCF 5.72 x -9.17 x -9.46 x 4.86 x -21.6 x -6.6 x
FCF Yield 17.5% -10.9% -10.6% 20.6% -4.63% -15.1%
Price to Book 0.85 x 0.89 x 0.8 x 0.73 x 0.9 x 0.7 x
Nbr of stocks (in thousands) 10,50,000 10,50,000 10,50,000 10,50,000 10,50,000 10,50,000
Reference price 2 2.940 3.350 3.180 3.100 3.830 2.930
Announcement Date 17/04/19 26/04/20 30/04/21 29/04/22 28/04/23 29/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,341 2,306 3,305 3,196 6,916 4,770
EBITDA 1 527.5 629.7 505.7 763.8 508.6 278.3
EBIT 1 481.3 571.2 444.2 702.2 446.1 274.5
Operating Margin 20.56% 24.77% 13.44% 21.97% 6.45% 5.75%
Earnings before Tax (EBT) 1 315.8 433.7 409.3 458.4 312.9 -102.7
Net income 1 217.6 298.1 326.5 369.7 188.7 -134.4
Net margin 9.3% 12.93% 9.88% 11.57% 2.73% -2.82%
EPS 2 0.2073 0.2839 0.3109 0.3521 0.1800 -0.1300
Free Cash Flow 1 1,646 -1,257 -1,246 2,014 -517.2 -1,871
FCF margin 70.34% -54.52% -37.68% 62.99% -7.48% -39.22%
FCF Conversion (EBITDA) 312.09% - - 263.63% - -
FCF Conversion (Net income) 756.54% - - 544.6% - -
Dividend per Share 2 0.1000 0.1000 0.1000 0.1200 0.1000 -
Announcement Date 17/04/19 26/04/20 30/04/21 29/04/22 28/04/23 29/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 6,336 8,015 8,446 6,531 7,151 9,275
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 12.01 x 12.73 x 16.7 x 8.551 x 14.06 x 33.33 x
Free Cash Flow 1 1,646 -1,257 -1,246 2,014 -517 -1,871
ROE (net income / shareholders' equity) 5.82% 7.8% 7.64% 8.11% 4.4% -2.07%
ROA (Net income/ Total Assets) 1.9% 1.93% 1.3% 1.94% 1.21% 0.73%
Assets 1 11,449 15,408 25,116 19,071 15,534 -18,465
Book Value Per Share 2 3.460 3.770 3.960 4.230 4.260 4.180
Cash Flow per Share 2 1.960 2.170 2.210 2.130 1.780 2.720
Capex 1 7.11 9.63 17.1 5.99 1.21 1.97
Capex / Sales 0.3% 0.42% 0.52% 0.19% 0.02% 0.04%
Announcement Date 17/04/19 26/04/20 30/04/21 29/04/22 28/04/23 29/04/24
1CNY in Million2CNY
Estimates
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