Financials Redsun Properties Group Limited

Equities

1996

KYG7459A1013

Real Estate Development & Operations

Market Closed - Hong Kong S.E. 01:38:20 26/04/2024 pm IST 5-day change 1st Jan Change
0.059 HKD +3.51% Intraday chart for Redsun Properties Group Limited +22.92% -30.59%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022
Capitalization 1 8,396 7,655 7,550 5,958 1,474
Enterprise Value (EV) 1 23,698 27,571 27,961 26,958 22,362
P/E ratio 3.83 x 5.24 x 4.54 x 4.82 x -0.38 x
Yield 3.72% 4.81% 5.37% - -
Capitalization / Revenue 0.91 x 0.5 x 0.37 x 0.22 x 0.07 x
EV / Revenue 2.57 x 1.82 x 1.39 x 1.01 x 1.12 x
EV / EBITDA 12.3 x 12.8 x 10.5 x 8.29 x 63.8 x
EV / FCF -2.15 x -95.4 x -9.6 x 55.5 x 5.97 x
FCF Yield -46.6% -1.05% -10.4% 1.8% 16.8%
Price to Book 0.66 x 0.55 x 0.5 x 0.38 x 0.12 x
Nbr of stocks (in thousands) 33,20,000 33,20,000 33,22,431 33,38,635 33,38,898
Reference price 2 2.529 2.306 2.272 1.784 0.4416
Announcement Date 18/04/19 20/04/20 26/04/21 26/04/22 26/04/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 6,140 9,239 15,170 20,159 26,667 20,013
EBITDA 1 2,005 1,934 2,150 2,657 3,253 350.5
EBIT 1 1,946 1,859 2,072 2,589 3,180 284
Operating Margin 31.7% 20.12% 13.66% 12.85% 11.93% 1.42%
Earnings before Tax (EBT) 1 1,901 2,175 2,735 3,159 3,125 -3,336
Net income 1 1,221 1,412 1,468 1,661 1,246 -3,882
Net margin 19.88% 15.29% 9.67% 8.24% 4.67% -19.39%
EPS 2 101.7 0.6600 0.4400 0.5000 0.3700 -1.163
Free Cash Flow 1 -4,243 -11,036 -288.9 -2,911 485.8 3,748
FCF margin -69.11% -119.46% -1.9% -14.44% 1.82% 18.73%
FCF Conversion (EBITDA) - - - - 14.93% 1,069.4%
FCF Conversion (Net income) - - - - 38.99% -
Dividend per Share - 0.0940 0.1110 0.1220 - -
Announcement Date 28/06/18 18/04/19 20/04/20 26/04/21 26/04/22 26/04/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 S1
Net sales 1 12,609
EBITDA -
EBIT -
Operating Margin -
Earnings before Tax (EBT) -
Net income 1 -691
Net margin -5.48%
EPS -
Dividend per Share -
Announcement Date 30/08/22
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 9,817 15,302 19,916 20,411 21,001 20,887
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 4.897 x 7.912 x 9.261 x 7.681 x 6.456 x 59.6 x
Free Cash Flow 1 -4,243 -11,036 -289 -2,911 486 3,748
ROE (net income / shareholders' equity) 16.9% 11.9% 10.3% 8.16% 6.31% -14.2%
ROA (Net income/ Total Assets) 3.41% 2.13% 1.59% 1.51% 1.58% 0.15%
Assets 1 35,835 66,394 92,561 1,10,042 78,911 -25,63,752
Book Value Per Share 2 692.0 3.820 4.180 4.570 4.720 3.570
Cash Flow per Share 2 207.0 1.880 2.620 3.730 4.160 1.460
Capex 1 96.3 316 99.4 98 21.6 24
Capex / Sales 1.57% 3.43% 0.66% 0.49% 0.08% 0.12%
Announcement Date 28/06/18 18/04/19 20/04/20 26/04/21 26/04/22 26/04/23
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

  1. Stock Market
  2. Equities
  3. 1996 Stock
  4. Financials Redsun Properties Group Limited