Financials Nanjing Gaoke Company Limited

Equities

600064

CNE000000PX6

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
6.3 CNY -1.41% Intraday chart for Nanjing Gaoke Company Limited -2.48% +4.30%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 9,739 12,051 12,693 11,544 11,438 10,451
Enterprise Value (EV) 1 11,207 10,484 13,162 12,820 15,427 14,989
P/E ratio 10.2 x 6.54 x 6.3 x 4.91 x 4.76 x 6.7 x
Yield 3.17% 4.61% 4.87% 6.42% 6.35% -
Capitalization / Revenue 2.84 x 4.11 x 4.34 x 2.34 x 2.55 x 2.21 x
EV / Revenue 3.27 x 3.58 x 4.5 x 2.6 x 3.44 x 3.17 x
EV / EBITDA 12.1 x 42.4 x 37.7 x 18.7 x 22.2 x 34 x
EV / FCF 39.1 x 7 x -5.78 x 152 x -7.3 x 85.1 x
FCF Yield 2.56% 14.3% -17.3% 0.66% -13.7% 1.18%
Price to Book 1.04 x 1.02 x 0.96 x 0.77 x 0.69 x 0.59 x
Nbr of stocks (in thousands) 17,30,340 17,30,340 17,30,340 17,30,340 17,30,340 17,30,340
Reference price 2 5.629 6.964 7.336 6.671 6.610 6.040
Announcement Date 11/04/19 29/04/20 30/04/21 19/04/22 28/04/23 26/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,425 2,930 2,924 4,935 4,490 4,733
EBITDA 1 924.1 247.6 348.9 685.6 693.7 440.2
EBIT 1 857.5 182 286.1 629.5 647.4 393
Operating Margin 25.04% 6.21% 9.79% 12.76% 14.42% 8.3%
Earnings before Tax (EBT) 1 1,295 2,055 2,371 2,679 2,652 1,370
Net income 1 958.4 1,842 2,016 2,352 2,402 1,560
Net margin 27.99% 62.86% 68.95% 47.67% 53.5% 32.96%
EPS 2 0.5536 1.064 1.165 1.359 1.388 0.9020
Free Cash Flow 1 286.7 1,498 -2,277 84.21 -2,115 176.2
FCF margin 8.37% 51.13% -77.87% 1.71% -47.09% 3.72%
FCF Conversion (EBITDA) 31.02% 605.2% - 12.28% - 40.02%
FCF Conversion (Net income) 29.91% 81.33% - 3.58% - 11.29%
Dividend per Share 2 0.1786 0.3214 0.3571 0.4286 0.4200 -
Announcement Date 11/04/19 29/04/20 30/04/21 19/04/22 28/04/23 26/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,468 - 469 1,276 3,989 4,537
Net Cash position 1 - 1,566 - - - -
Leverage (Debt/EBITDA) 1.589 x - 1.344 x 1.861 x 5.751 x 10.31 x
Free Cash Flow 1 287 1,498 -2,277 84.2 -2,115 176
ROE (net income / shareholders' equity) 10.3% 16.5% 15.8% 16% 14.7% 8.19%
ROA (Net income/ Total Assets) 2.06% 0.41% 0.58% 1.2% 1.15% 0.66%
Assets 1 46,574 4,45,690 3,47,850 1,96,233 2,09,120 2,37,212
Book Value Per Share 2 5.390 6.830 7.660 8.710 9.570 10.20
Cash Flow per Share 2 1.740 1.440 0.8100 0.5200 0.5800 0.7500
Capex 1 22.9 2.3 5.99 10.8 5.71 20.1
Capex / Sales 0.67% 0.08% 0.2% 0.22% 0.13% 0.42%
Announcement Date 11/04/19 29/04/20 30/04/21 19/04/22 28/04/23 26/04/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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