Stock 600048 POLY DEVELOPMENTS AND HOLDINGS GROUP CO., LTD.
Add to a list
To use this feature you must be a member
Log inSign up

Financials Poly Developments and Holdings Group Co., Ltd.

Equities

600048

CNE000001ND1

Real Estate Development & Operations

End-of-day quote Shanghai S.E.
Other stock markets
 03:30:00 26/04/2024 am IST 		5-day change 1st Jan Change
8.64 CNY +8.00% Intraday chart for Poly Developments and Holdings Group Co., Ltd. +6.67% -12.73%
25/04 Nomura Adjusts Poly Developments and Holdings' Price Target to 8.90 Yuan From 9.30 Yuan, Keeps at Neutral MT
11/04 Poly Developments Buys Land for 1.28 Billion Yuan MT

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,93,071 1,89,328 1,87,093 1,81,113 1,18,507 1,02,517 - -
Enterprise Value (EV) 1 3,23,701 3,40,123 3,53,900 3,85,919 3,24,782 2,92,198 2,81,521 2,71,060
P/E ratio 6.89 x 6.54 x 6.83 x 9.89 x 9.8 x 8.02 x 6.67 x 6.8 x
Yield 5.07% 4.61% 3.71% 2.97% 4.14% 4.63% 5.27% 5.42%
Capitalization / Revenue 0.82 x 0.78 x 0.66 x 0.64 x 0.34 x 0.31 x 0.3 x 0.29 x
EV / Revenue 1.37 x 1.4 x 1.24 x 1.37 x 0.94 x 0.87 x 0.83 x 0.77 x
EV / EBITDA 6.27 x 6.35 x 6.91 x 10.6 x 12.5 x 8.65 x 8.42 x 7.7 x
EV / FCF 8.32 x 21.6 x 34 x 52.7 x 23.6 x -5.99 x - -
FCF Yield 12% 4.64% 2.94% 1.9% 4.24% -16.7% - -
Price to Book 1.38 x 1.18 x 1.06 x 0.97 x 0.61 x 0.5 x 0.47 x 0.46 x
Nbr of stocks (in thousands) 1,19,32,675 1,19,67,616 1,19,70,108 1,19,70,443 1,19,70,443 1,18,65,412 - -
Reference price 2 16.18 15.82 15.63 15.13 9.900 8.640 8.640 8.640
Announcement Date 09/01/20 18/01/21 09/01/22 05/01/23 20/01/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,35,934 2,43,095 2,84,933 2,81,017 3,46,828 3,34,059 3,40,599 3,50,171
EBITDA 1 51,661 53,560 51,179 36,384 26,076 33,765 33,426 35,212
EBIT 1 50,402 52,265 49,670 34,693 24,318 27,445 31,280 30,262
Operating Margin 21.36% 21.5% 17.43% 12.35% 7.01% 8.22% 9.18% 8.64%
Earnings before Tax (EBT) 1 50,531 52,538 50,035 35,301 24,626 26,889 31,143 30,551
Net income 1 27,959 28,948 27,388 18,347 12,067 12,909 15,068 15,213
Net margin 11.85% 11.91% 9.61% 6.53% 3.48% 3.86% 4.42% 4.34%
EPS 2 2.350 2.420 2.290 1.530 1.010 1.077 1.296 1.270
Free Cash Flow 1 38,888 15,772 10,416 7,317 13,769 -48,757 - -
FCF margin 16.48% 6.49% 3.66% 2.6% 3.97% -14.6% - -
FCF Conversion (EBITDA) 75.28% 29.45% 20.35% 20.11% 52.8% - - -
FCF Conversion (Net income) 139.09% 54.48% 38.03% 39.88% 114.11% - - -
Dividend per Share 2 0.8200 0.7300 0.5800 0.4500 0.4100 0.3997 0.4552 0.4685
Announcement Date 09/01/20 18/01/21 09/01/22 05/01/23 20/01/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 1,64,812 48,473 1,46,546 33,537 77,186 45,653 1,24,641 39,956 97,023 1,36,978 55,528 1,54,322 50,106 85,790 59,485 1,18,395 28,590
EBITDA 1 - - - - - - - - - - - - 3,101 9,302 4,651 15,801 3,462
EBIT - 5,931 24,780 5,091 14,101 5,155 10,346 5,320 13,980 - 2,588 2,430 - - - - -
Operating Margin - 12.24% 16.91% 15.18% 18.27% 11.29% 8.3% 13.32% 14.41% - 4.66% 1.57% - - - - -
Earnings before Tax (EBT) 1 - 5,990 24,969 5,135 14,169 5,188 10,809 5,382 14,377 - 2,681 2,186 3,290 9,871 4,936 14,807 3,627
Net income 1 - 3,285 13,804 2,531 8,295 2,268 5,253 2,721 9,502 12,222 1,070 -1,225 1,864 5,591 2,795 8,386 2,126
Net margin - 6.78% 9.42% 7.55% 10.75% 4.97% 4.21% 6.81% 9.79% 8.92% 1.93% -0.79% 3.72% 6.52% 4.7% 7.08% 7.44%
EPS 2 - 0.2700 1.160 0.2100 0.6900 0.1900 0.4400 0.2300 0.7900 1.020 0.0900 -0.1000 0.2478 0.4035 0.2868 0.5203 0.1776
Dividend per Share 2 - - 0.5800 - - - 0.4500 - - - - - - - - 0.4571 -
Announcement Date 09/01/20 28/10/21 09/01/22 29/04/22 14/07/22 28/10/22 05/01/23 21/04/23 06/07/23 06/07/23 28/10/23 20/01/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,30,630 1,50,795 1,66,807 2,04,806 2,06,274 1,89,680 1,79,004 1,68,542
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.529 x 2.815 x 3.259 x 5.629 x 7.91 x 5.618 x 5.355 x 4.786 x
Free Cash Flow 1 38,888 15,772 10,416 7,317 13,769 -48,757 - -
ROE (net income / shareholders' equity) 21% 17.1% 14.4% 9.18% 6.13% 6.04% 6.57% 6.4%
ROA (Net income/ Total Assets) 2.83% 2.54% 2.08% - - 0.77% 0.83% 0.82%
Assets 1 9,86,487 11,37,552 13,16,596 - - 16,74,291 18,09,193 18,50,135
Book Value Per Share 2 11.80 13.40 14.80 15.60 16.20 17.40 18.50 18.90
Cash Flow per Share 2 3.280 1.270 0.8800 0.6200 1.160 1.300 1.430 1.420
Capex 1 267 397 135 106 161 360 451 518
Capex / Sales 0.11% 0.16% 0.05% 0.04% 0.05% 0.11% 0.13% 0.15%
Announcement Date 09/01/20 18/01/21 09/01/22 05/01/23 20/01/24 - - -
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 Poly Developments and Holdings Group Co., Ltd.

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
20
Last Close Price
8.64 CNY
Average target price
12.35 CNY
Spread / Average Target
+42.93%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Real Estate Development & Operations

1st Jan change Capi.
POLY DEVELOPMENTS AND HOLDINGS GROUP CO., LTD. Stock Poly Developments and Holdings Group Co., Ltd.
-12.73% 14.15B
MITSUI FUDOSAN CO., LTD. Stock Mitsui Fudosan Co., Ltd.
+36.16% 27.94B
SUN HUNG KAI PROPERTIES LIMITED Stock Sun Hung Kai Properties Limited
-14.33% 26.97B
DLF LIMITED Stock DLF Limited
+21.49% 26.95B
CHINA RESOURCES LAND LIMITED Stock China Resources Land Limited
+2.14% 25.32B
MITSUBISHI ESTATE CO., LTD. Stock Mitsubishi Estate Co., Ltd.
+44.49% 22.58B
EMAAR PROPERTIES Stock Emaar Properties
+2.27% 19.59B
CHINA OVERSEAS LAND & INVESTMENT LTD. Stock China Overseas Land & Investment Ltd.
+5.52% 19.52B
SUMITOMO REALTY & DEVELOPMENT CO., LTD. Stock Sumitomo Realty & Development Co., Ltd.
+28.54% 16.23B
CK ASSET HOLDINGS LIMITED Stock CK Asset Holdings Limited
-14.41% 14.98B
Other Real Estate Development & Operations
  1. Stock Market
  2. Equities
  3. 600048 Stock
  4. Financials Poly Developments and Holdings Group Co., Ltd.