Financials Shanghai Lujiazui Finance & Trade Zone Development Co.,Ltd. Shanghai S.E.

Equities

900932

CNE000000HH6

Real Estate Development & Operations

End-of-day quote Shanghai S.E. 03:30:00 14/05/2024 am IST 5-day change 1st Jan Change
0.378 USD +0.27% Intraday chart for Shanghai Lujiazui Finance & Trade Zone Development Co.,Ltd. +2.16% +15.95%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024
Capitalization 1 39,798 47,042 37,008 38,228 34,706 39,500 39,500
Enterprise Value (EV) 1 63,890 77,555 74,123 38,228 34,706 35,026 39,500
P/E ratio 13 x 14.8 x 10.8 x 10.2 x 36.2 x 38.5 x 28.1 x
Yield 3.84% 3.38% 4.65% 4.93% 1.39% - -
Capitalization / Revenue 31,48,915 x 31,84,367 x 25,56,711 x 27,55,729 x 29,50,634 x 32,83,602 x -
EV / Revenue 31,48,917 x 31,84,369 x 25,56,714 x 27,55,729 x 29,50,634 x 32,83,602 x -
EV / EBITDA 71,59,203 x 73,08,460 x 55,07,838 x 46,83,381 x - - -
EV / FCF 2,12,02,774 x - -77,98,392 x - - - -
FCF Yield 0% - -0% - - - -
Price to Book 2.71 x 3.01 x 2.13 x 1.94 x 1.82 x 1.85 x -
Nbr of stocks (in thousands) 40,34,197 40,34,197 40,34,197 40,34,197 40,34,197 48,12,931 48,12,931
Reference price 2 10.82 13.51 10.70 10.86 9.740 9.830 9.830
Announcement Date 05/03/19 27/03/20 05/03/21 03/03/22 03/03/23 19/03/24 -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024
Net sales 12,639 14,773 14,475 13,872 11,762 10,667 -
EBITDA 5,559 6,437 6,719 8,162 - - -
EBIT 5,435 6,271 6,607 6,180 1,987 2,625 -
Operating Margin 43% 42.45% 45.64% 44.55% 16.9% 24.61% -
Earnings before Tax (EBT) 5,459 6,341 6,682 6,780 2,011 2,566 -
Net income 3,350 3,677 4,012 4,311 1,085 1,093 -
Net margin 26.51% 24.89% 27.72% 31.08% 9.22% 10.25% -
EPS 1 0.8305 0.9115 0.9945 1.069 0.2689 0.2272 0.3500
Free Cash Flow 1,877 - -4,746 - - - -
FCF margin 14.85% - -32.79% - - - -
FCF Conversion (EBITDA) 33.77% - - - - - -
FCF Conversion (Net income) 56.03% - - - - - -
Dividend per Share 0.4158 0.4560 0.4980 0.5350 0.1350 - -
Announcement Date 05/03/19 27/03/20 05/03/21 03/03/22 03/03/23 19/03/24 -
1CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 24,273 18,662 27,300 36,140 32,490 43,905
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 6.843 x 3.282 x 3.739 x 4.385 x 4.04 x 9.729 x
Free Cash Flow 1 -17,302 3,552 -1,874 -8,845 8,420 -6,234
ROE (net income / shareholders' equity) 18.2% 19.1% 19.2% 16% 13.9% 3.84%
ROA (Net income/ Total Assets) 2.71% 3.92% 4.81% 4.85% 4.05% 1.81%
Assets 1 1,15,312 85,433 76,440 82,671 1,06,447 59,775
Book Value Per Share 2 3.550 3.990 4.490 5.020 5.600 5.340
Cash Flow per Share 2 0.8700 0.9100 0.8900 0.9700 3.310 0.9200
Capex 1 1,611 2,442 8,836 4,043 2,804 2,192
Capex / Sales 17.28% 19.32% 59.81% 27.93% 20.21% 18.63%
Announcement Date 30/03/18 30/03/19 27/03/20 30/03/21 30/03/22 30/03/23
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
9.83 CNY
Average target price
11.19 CNY
Spread / Average Target
+13.84%
Consensus

Annual profits - Rate of surprise

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