XHKG0978
Market cap164mUSD
Dec 23, Last price
0.26HKD
1D
0.00%
1Q
9.24%
Jan 2017
-76.79%
Name
China Merchants Land Ltd
Chart & Performance
Profile
China Merchants Land Limited, an investment holding company, engages in the investment, development, management, lease, and sale of properties. The company operates through Properties and Asset Management segments. Its property portfolio includes residential properties; and residential and commercial complex properties, such as apartments, villas, offices, retail shops, etc. The company also offers asset management services for office premises and shopping malls. As of December 31, 2021, it had a portfolio of 50 property development projects in Guangzhou, Foshan, Chongqing, Xi'an, Nanjing, and Jurong; and a land bank of approximately 5,406,063 square meters. The company was formerly known as Tonic Industries Holdings Limited. The company was incorporated in 1997 and is headquartered in Central, Hong Kong. China Merchants Land Limited is a subsidiary of Success Well Investments Limited.
Valuation
Title CNY in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | 2014‑12 | |
Income | ||||||||||
Revenues | 28,800,845 -3.58% | 29,871,347 15.24% | 25,921,416 36.74% | |||||||
Cost of revenue | 26,158,737 | 26,960,747 | 22,230,058 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 2,642,108 | 2,910,600 | 3,691,358 | |||||||
NOPBT Margin | 9.17% | 9.74% | 14.24% | |||||||
Operating Taxes | 1,439,255 | 1,250,617 | 1,948,003 | |||||||
Tax Rate | 54.47% | 42.97% | 52.77% | |||||||
NOPAT | 1,202,853 | 1,659,983 | 1,743,355 | |||||||
Net income | 133,414 -92.29% | 1,730,026 9.30% | 1,582,866 4.59% | |||||||
Dividends | (401,425) | (876,832) | (553,498) | |||||||
Dividend yield | 27.74% | 32.50% | 15.25% | |||||||
Proceeds from repurchase of equity | ||||||||||
BB yield | ||||||||||
Debt | ||||||||||
Debt current | 10,403,030 | 2,067,677 | 8,122,569 | |||||||
Long-term debt | 27,055,277 | 34,156,776 | 29,271,247 | |||||||
Deferred revenue | 33,349,121 | 28,466,794 | ||||||||
Other long-term liabilities | 587,736 | (33,349,121) | (28,466,794) | |||||||
Net debt | 10,558,434 | 8,107,745 | 7,768,527 | |||||||
Cash flow | ||||||||||
Cash from operating activities | (551,788) | 6,151,514 | (6,113,200) | |||||||
CAPEX | (14,772) | (27,745) | (12,519) | |||||||
Cash from investing activities | (4,352,472) | (6,574,475) | (997,669) | |||||||
Cash from financing activities | 334,307 | (1,762,113) | 11,820,353 | |||||||
FCF | (4,417,733) | 9,959,359 | (29,567,333) | |||||||
Balance | ||||||||||
Cash | 10,283,322 | 12,343,547 | 14,423,276 | |||||||
Long term investments | 16,616,551 | 15,773,161 | 15,202,013 | |||||||
Excess cash | 25,459,831 | 26,623,141 | 28,329,218 | |||||||
Stockholders' equity | 34,618,473 | 32,135,770 | 33,054,796 | |||||||
Invested Capital | 47,341,909 | 35,716,480 | 35,811,621 | |||||||
ROIC | 2.90% | 4.64% | 5.83% | |||||||
ROCE | 3.63% | 4.63% | 5.72% | |||||||
EV | ||||||||||
Common stock shares outstanding | 4,905,258 | 4,905,258 | 4,905,258 | |||||||
Price | 0.30 -46.36% | 0.55 -25.68% | 0.74 -35.09% | |||||||
Market cap | 1,447,051 -46.36% | 2,697,892 -25.68% | 3,629,891 -35.09% | |||||||
EV | 37,218,224 | 37,093,606 | 38,982,256 | |||||||
EBITDA | 2,873,805 | 3,136,038 | 3,969,311 | |||||||
EV/EBITDA | 12.95 | 11.83 | 9.82 | |||||||
Interest | 740,390 | 627,910 | 691,661 | |||||||
Interest/NOPBT | 28.02% | 21.57% | 18.74% |