XHKG2107
Market cap44mUSD
Dec 23, Last price
0.29HKD
1D
-1.72%
1Q
-16.18%
IPO
-83.24%
Name
First Service Holding Ltd
Chart & Performance
Profile
First Service Holding Limited provides property management services and green living solutions in the People's Republic of China and internationally. It operates in two segments, First Property Management and First Living. The company offers property management services comprising cleaning, security, gardening, and repair and maintenance to property developers, property owners, and residents. Its portfolio of properties under management includes residential properties; and non-residential properties comprising office buildings, government facilities, hotels, and shopping centers. The company also provides green living solutions consisting of energy operation, green technology consulting, and systems installation services, as well as sells AIRDINO systems. In addition, it offers value-added services to non-property owners, property owners, and residents. The company's value-added services comprise sales assistance, and preliminary planning and design consultancy services, including on-site design consulting, construction stage inspection, sales assistance consulting, and pre-delivery inspection to non-property owners; and community value-added services consisting of parking space management, communal area leasing, and home living services. First Service Holding Limited was founded in 1999 and is headquartered in Beijing, the People's Republic of China.
Valuation
Title CNY in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|
2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | |
Income | |||||||
Revenues | 1,210,914 7.90% | 1,122,272 0.21% | 1,119,869 45.10% | ||||
Cost of revenue | 1,099,168 | 1,045,418 | 989,248 | ||||
Unusual Expense (Income) | |||||||
NOPBT | 111,746 | 76,854 | 130,621 | ||||
NOPBT Margin | 9.23% | 6.85% | 11.66% | ||||
Operating Taxes | 18,457 | 12,352 | 5,683 | ||||
Tax Rate | 16.52% | 16.07% | 4.35% | ||||
NOPAT | 93,289 | 64,502 | 124,938 | ||||
Net income | 57,127 38.19% | 41,338 16.56% | 35,466 -61.69% | ||||
Dividends | (26,798) | (57,655) | (33,190) | ||||
Dividend yield | 12.60% | 10.41% | 1.80% | ||||
Proceeds from repurchase of equity | |||||||
BB yield | |||||||
Debt | |||||||
Debt current | 20,508 | ||||||
Long-term debt | |||||||
Deferred revenue | |||||||
Other long-term liabilities | 20,655 | 33,702 | |||||
Net debt | (518,568) | (404,883) | (480,858) | ||||
Cash flow | |||||||
Cash from operating activities | 93,391 | (12,409) | 1,237 | ||||
CAPEX | (6,392) | (9,061) | (8,569) | ||||
Cash from investing activities | 50,095 | (17,548) | (192,099) | ||||
Cash from financing activities | (35,268) | (84,771) | (39,645) | ||||
FCF | 89,459 | 61,163 | 121,123 | ||||
Balance | |||||||
Cash | 565,896 | 503,694 | 593,413 | ||||
Long term investments | (47,328) | (98,811) | (92,047) | ||||
Excess cash | 458,022 | 348,769 | 445,373 | ||||
Stockholders' equity | 283,929 | 222,712 | 146,079 | ||||
Invested Capital | 429,941 | 442,726 | 544,907 | ||||
ROIC | 21.38% | 13.06% | 23.76% | ||||
ROCE | 15.46% | 11.42% | 18.66% | ||||
EV | |||||||
Common stock shares outstanding | 971,285 | 989,410 | 996,081 | ||||
Price | 0.22 -60.89% | 0.56 -69.73% | 1.85 79.61% | ||||
Market cap | 212,711 -61.61% | 554,070 -69.93% | 1,842,750 124.06% | ||||
EV | (249,477) | 271,450 | 1,483,189 | ||||
EBITDA | 121,190 | 85,374 | 138,309 | ||||
EV/EBITDA | 3.18 | 10.72 | |||||
Interest | 161 | 991 | 459 | ||||
Interest/NOPBT | 0.14% | 1.29% | 0.35% |