RISESUN REAL ESTATE DEVELOPMENT CO.,LTD Financials RiseSun Real Estate Development Co.,Ltd
Equities
002146
CNE1000005Y9
Real Estate Development & Operations
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.78 CNY | +0.56% |
|
-7.29% | +4.09% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 34,568 | 42,742 | 28,394 | 18,915 | 9,436 | 7,435 |
| Enterprise Value (EV) 1 | 66,450 | 78,348 | 69,896 | 57,541 | 45,551 | 46,134 |
| P/E ratio | 4.57 x | 4.68 x | 3.77 x | -3.82 x | -0.58 x | 19 x |
| Yield | 5.66% | 4.88% | 5.36% | - | - | - |
| Capitalization / Revenue | 0.61 x | 0.6 x | 0.4 x | 0.4 x | 0.3 x | 0.13 x |
| EV / Revenue | 1.18 x | 1.1 x | 0.98 x | 1.22 x | 1.43 x | 0.78 x |
| EV / EBITDA | 5.78 x | 5.43 x | 5.77 x | -29.8 x | -3.38 x | 7.95 x |
| EV / FCF | 9.52 x | 225 x | -14.5 x | 4.56 x | 5.07 x | -27.2 x |
| FCF Yield | 10.5% | 0.44% | -6.92% | 21.9% | 19.7% | -3.67% |
| Price to Book | 1.03 x | 1.05 x | 0.61 x | 0.47 x | 0.41 x | 0.32 x |
| Nbr of stocks (in thousands) | 4,348,164 | 4,348,164 | 4,348,164 | 4,348,164 | 4,348,164 | 4,348,164 |
| Reference price 2 | 7.950 | 9.830 | 6.530 | 4.350 | 2.170 | 1.710 |
| Announcement Date | 4/2/19 | 4/7/20 | 4/27/21 | 4/29/22 | 4/28/23 | 4/28/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 56,368 | 70,912 | 71,511 | 47,244 | 31,793 | 58,960 |
| EBITDA 1 | 11,497 | 14,439 | 12,116 | -1,934 | -13,475 | 5,800 |
| EBIT 1 | 11,235 | 14,023 | 11,590 | -2,418 | -13,943 | 5,372 |
| Operating Margin | 19.93% | 19.77% | 16.21% | -5.12% | -43.86% | 9.11% |
| Earnings before Tax (EBT) 1 | 10,943 | 13,051 | 10,678 | -4,193 | -17,815 | 2,736 |
| Net income 1 | 7,565 | 9,120 | 7,501 | -4,955 | -16,311 | 385 |
| Net margin | 13.42% | 12.86% | 10.49% | -10.49% | -51.3% | 0.65% |
| EPS 2 | 1.740 | 2.100 | 1.730 | -1.140 | -3.750 | 0.0900 |
| Free Cash Flow 1 | 6,980 | 348 | -4,836 | 12,606 | 8,984 | -1,695 |
| FCF margin | 12.38% | 0.49% | -6.76% | 26.68% | 28.26% | -2.88% |
| FCF Conversion (EBITDA) | 60.71% | 2.41% | - | - | - | - |
| FCF Conversion (Net income) | 92.27% | 3.82% | - | - | - | - |
| Dividend per Share 2 | 0.4500 | 0.4800 | 0.3500 | - | - | - |
| Announcement Date | 4/2/19 | 4/7/20 | 4/27/21 | 4/29/22 | 4/28/23 | 4/28/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 31,882 | 35,606 | 41,503 | 38,626 | 36,116 | 38,698 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.773 x | 2.466 x | 3.425 x | -19.97 x | -2.68 x | 6.672 x |
| Free Cash Flow 1 | 6,980 | 348 | -4,836 | 12,606 | 8,984 | -1,695 |
| ROE (net income / shareholders' equity) | 25.2% | 23.7% | 16.1% | -10.3% | -52.3% | 5.97% |
| ROA (Net income/ Total Assets) | 3.35% | 3.63% | 2.67% | -0.52% | -3.21% | 1.47% |
| Assets 1 | 225,971 | 250,987 | 281,280 | 953,144 | 507,574 | 26,119 |
| Book Value Per Share 2 | 7.720 | 9.400 | 10.70 | 9.160 | 5.350 | 5.430 |
| Cash Flow per Share 2 | 6.980 | 6.980 | 7.270 | 4.530 | 2.120 | 1.200 |
| Capex 1 | 1,501 | 637 | 305 | 933 | 126 | 30.6 |
| Capex / Sales | 2.66% | 0.9% | 0.43% | 1.97% | 0.4% | 0.05% |
| Announcement Date | 4/2/19 | 4/7/20 | 4/27/21 | 4/29/22 | 4/28/23 | 4/28/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +4.09% | 1.07B | |
| -10.83% | 26.36B | |
| +1.43% | 25.9B | |
| +12.29% | 24.19B | |
| +35.85% | 21.26B | |
| +7.12% | 20.63B | |
| -3.28% | 18.43B | |
| +3.23% | 16.74B | |
| +34.62% | 16.42B | |
| +1.04% | 15.04B |
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