S-Enjoy Service Group Co., Limited (1755.HK)

Industry: Real Estate - Services Sector: Real Estate Currency Used: CN Live Price: $2.80

Enterprise Value

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015
Stock Price	3.35	7.96	14.36	16.54	9.21	2.96	2.56	2.64	2.45
Market Capitalization	2,859.60M	6,850.88M	12,160.59M	13,595.46M	7,639.46M	1,794.35M	1,836.93M	2,108.32M	1,960.19M
(-) Cash & Equivalents	1,971.38M	1,902.43M	2,573.40M	1,575.76M	1,128.16M	638.91M	316.73M	221.46M	39.96M
(+) Total Debt	19.49M	18.12M	8.64M	5.82M	8.16M	0.00M	32.95M	32.95M	20.03M
Enterprise Value	907.70M	4,966.57M	9,595.83M	12,025.53M	6,519.46M	1,155.44M	1,553.15M	1,919.81M	1,940.26M

Income Statement

Metric	TTM	TTM-1	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31
Revenue	10,979M	8,100M	5,424M	5,180M	4,351M	2,866M	2,024M	1,150M	866M	573M	400M
Cost of Revenue	8,220M	5,631M	3,986M	3,841M	3,009M	1,986M	1,424M	811M	624M	411M	300M
Gross Profit	2,759M	2,469M	1,438M	1,338M	1,342M	881M	600M	339M	242M	162M	100M
Gross Profit Margin	25.1%	30.5%	26.5%	25.8%	30.8%	30.7%	29.6%	29.5%	28.0%	28.2%	25.1%
R&D Expenses	24M	34M	0M	0M	0M	0M	0M	0M	0M	0M	0M
SG&A Expenses	759M	876M	646M	573M	458M	281M	245M	151M	137M	96M	62M
Operating Expenses	1,439M	1,207M	815M	516M	427M	257M	235M	140M	135M	95M	60M
Operating Income (EBIT)	1,320M	1,262M	624M	822M	915M	624M	365M	199M	107M	67M	40M
Operating Income Margin	12.0%	15.6%	11.5%	15.9%	21.0%	21.8%	18.0%	17.3%	12.4%	11.8%	10.1%
Interest Income	82M	148M	23M	67M	78M	61M	33M	6M	7M	2M	1M
Interest Expense	1M	0M	1M	1M	0M	0M	0M	0M	0M	2M	4M
Net Interest Income	81M	148M	22M	66M	78M	61M	32M	6M	7M	0M	-3M
Unusual Items	-40M	-6M	0M	-261M	-251M	-48M	-5M	6M	-1M	-2M	0M
EBT Excluding Unusual Items	1,401M	1,410M	646M	888M	993M	684M	397M	205M	114M	68M	38M
Pre-Tax Income	1,361M	1,404M	646M	627M	742M	636M	392M	211M	113M	66M	38M
Pre-Tax Margin	12.4%	17.3%	11.9%	12.1%	17.0%	22.2%	19.4%	18.3%	13.0%	11.5%	9.5%
Income Tax Expense	293M	342M	138M	152M	183M	147M	90M	47M	21M	14M	15M
Net Income	957M	982M	445M	423M	525M	452M	282M	150M	73M	43M	22M
Net Income Margin	8.7%	12.1%	8.2%	8.2%	12.1%	15.8%	13.9%	13.1%	8.5%	7.6%	5.5%
Depreciation & Amortization	202M	58M	108M	91M	33M	14M	6M	2M	2M	1M	1M
EBITDA	1,522M	1,320M	731M	913M	948M	638M	372M	201M	109M	69M	41M
EBITDA Margin	13.9%	16.3%	13.5%	17.6%	21.8%	22.2%	18.4%	17.5%	12.6%	12.0%	10.3%
NOPAT	1,036M	955M	491M	622M	689M	479M	281M	154M	87M	53M	25M
NOPAT Margin	9.4%	11.8%	9.0%	12.0%	15.8%	16.7%	13.9%	13.4%	10.1%	9.3%	6.1%
Owner's Earnings	1,058M	983M	519M	435M	507M	456M	284M	148M	68M	32M	18M
Owner's Earnings Margin	9.6%	12.1%	9.6%	8.4%	11.7%	15.9%	14.0%	12.9%	7.9%	5.5%	4.4%
EPS (Basic)	1.11	1.16	0.52	0.50	0.62	0.55	0.34	0.24	0.09	0.05	0.03
EPS (Diluted)	1.12	1.16	0.52	0.50	0.62	0.55	0.34	0.24	0.09	0.05	0.03
Shares (Basic)	856M	848M	856M	854M	848M	819M	819M	632M	800M	800M	800M
Shares (Diluted)	855M	848M	855M	854M	848M	828M	821M	632M	800M	800M	800M

Balance Sheet

Metric	MRQ	MRQ-1	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31
Cash & Cash Equivalents	2,107.34M	1,927.28M	1,927.28M	1,973.70M	2,504.10M	1,882.14M	1,339.09M	1,277.82M	633.46M	442.92M	119.87M
Short-Term Investments	917.63M	505.96M	1,128.17M	86.63M	297.42M	245.30M	208.41M	0.00M	0.00M	0.00M	0.00M
Cash & Short-Term Investments	3,024.97M	2,433.24M	3,055.45M	2,060.33M	2,801.52M	2,127.43M	1,547.50M	1,277.82M	633.46M	442.92M	119.87M
Net Receivables	2,548.99M	2,129.33M	2,129.33M	1,585.00M	912.25M	603.90M	393.59M	129.12M	76.92M	52.52M	28.52M
Inventory	46.52M	39.61M	39.61M	44.23M	28.30M	17.54M	10.62M	8.60M	3.76M	16.34M	5.28M
Other Current Assets	218.89M	252.00M	252.00M	187.39M	101.30M	55.11M	33.65M	44.80M	24.13M	23.34M	176.36M
Total Current Assets	5,839.38M	4,854.18M	5,476.39M	3,876.95M	3,843.38M	2,803.97M	1,985.36M	1,460.34M	738.27M	535.12M	330.03M
Property, Plant & Equipment	91.65M	92.20M	92.20M	102.33M	78.61M	24.25M	20.38M	8.32M	15.64M	14.42M	6.42M
Goodwill	387.20M	407.37M	407.37M	415.61M	350.98M	104.09M	6.59M	6.59M	6.59M	6.59M	0.00M
Intangible Assets	384.11M	442.56M	442.56M	469.56M	377.35M	93.33M	5.07M	5.45M	4.21M	1.22M	0.13M
Long-Term Investments	81.21M	81.31M	-424.65M	288.79M	-87.55M	-204.15M	-136.75M	1.66M	1.66M	1.30M	0.00M
Tax Assets	0.00M	106.93M	531.58M	88.72M	54.51M	57.97M	40.37M	24.22M	17.31M	13.85M	8.90M
Other Non-Current Assets	129.60M	0.00M	612.89M	86.63M	299.37M	253.19M	211.95M	8.21M	8.33M	8.18M	7.03M
Other Assets	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Non-Current Assets	1,073.76M	1,130.36M	1,661.94M	1,451.64M	1,073.26M	328.68M	147.60M	54.44M	53.74M	45.56M	22.48M
Total Assets	6,913.14M	5,984.54M	7,138.33M	5,328.58M	4,916.64M	3,132.65M	2,132.96M	1,514.78M	792.01M	580.67M	352.51M
Accounts Payable	419.29M	410.59M	410.59M	532.72M	536.88M	296.89M	254.19M	80.31M	56.32M	35.39M	13.64M
Short-Term Debt	0.00M	0.00M	0.00M	2.27M	0.00M	0.00M	0.00M	0.00M	65.90M	65.90M	60.08M
Tax Payables	0.00M	374.35M	374.35M	292.67M	231.81M	146.95M	75.36M	43.20M	27.18M	30.75M	22.53M
Deferred Revenue	0.00M	-7.58M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	27.18M	30.75M	22.53M
Other Current Liabilities	2,339.05M	1,961.08M	1,961.08M	1,800.44M	1,667.42M	1,212.32M	747.61M	486.50M	381.92M	275.60M	208.76M
Total Current Liabilities	2,758.35M	2,738.44M	2,746.02M	2,628.10M	2,436.10M	1,656.15M	1,077.17M	610.01M	558.50M	438.38M	327.54M
Long-Term Debt	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Capital Lease Obligations	15.20M	15.27M	15.27M	16.26M	14.44M	4.58M	7.70M	0.00M	0.00M	0.00M	0.00M
Deferred Tax Liabilities	0.00M	111.33M	0.00M	114.76M	97.38M	42.75M	13.43M	4.65M	0.00M	0.00M	0.00M
Other Non-Current Liabilities	144.48M	228.35M	228.35M	223.26M	192.30M	44.56M	13.82M	1.05M	0.95M	0.64M	0.00M
Total Non-Current Liabilities	159.68M	354.95M	243.62M	354.29M	304.11M	91.89M	34.95M	5.70M	0.95M	0.64M	0.00M
Total Liabilities	2,918.03M	3,093.39M	2,989.64M	2,982.39M	2,740.21M	1,748.04M	1,112.12M	615.70M	559.45M	439.02M	327.54M
Preferred Stock	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	50.08M	0.00M	0.00M	0.00M	0.00M
Common Stock	59.98M	59.98M	59.98M	59.97M	59.90M	56.64M	56.51M	56.64M	0.00M	1.00M	0.00M
Retained Earnings	0.00M	2,316.39M	2,322.97M	1,877.92M	1,454.45M	922.41M	469.84M	184.25M	92.85M	26.02M	-16.31M
Accumulated OCI	2,969.89M	2,843.79M	0.00M	-125.42M	-142.37M	2.21M	-50.08M	-6.75M	-5.32M	-3.83M	-2.55M
Minority Interest	368.51M	387.44M	387.44M	319.05M	240.71M	127.78M	42.80M	22.09M	35.19M	35.85M	3.88M
Total Shareholders’ Equity	3,029.87M	5,220.16M	2,382.95M	1,812.48M	1,371.98M	981.26M	526.35M	234.14M	87.53M	23.19M	-18.86M
Total Equity	3,398.38M	5,607.60M	2,770.39M	2,131.52M	1,612.69M	1,109.05M	569.15M	256.23M	122.72M	59.04M	-14.97M
Total Liabilities & Equity	6,316.41M	8,700.99M	5,760.03M	5,113.91M	4,352.90M	2,857.08M	1,681.26M	871.93M	682.17M	498.06M	312.57M
Tangible Assets	6,141.83M	5,134.61M	6,288.40M	4,443.41M	4,188.32M	2,935.23M	2,121.31M	1,502.74M	781.21M	572.87M	352.38M
Tangible Equity	2,627.07M	4,757.67M	1,920.46M	1,246.35M	884.36M	911.63M	557.50M	244.20M	111.93M	51.24M	-15.10M
Tangible Book Value	2,627.07M	4,757.67M	1,920.46M	1,246.35M	884.36M	911.63M	557.50M	244.20M	111.93M	51.24M	-15.10M
Total Investments	698.47M	81.31M	81.31M	375.42M	209.87M	41.15M	71.66M	1.66M	1.66M	1.30M	0.00M
Net Debt	-2,107.34M	-1,927.28M	-1,927.28M	-1,971.43M	-2,504.10M	-1,882.14M	-1,339.09M	-1,277.82M	-567.56M	-377.02M	-59.79M

Capital Metrics

Metric	MRQ	MRQ-1	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31
Working Capital	2,476.8M	2,396.9M	2,396.9M	1,689.7M	1,655.0M	1,128.9M	837.0M	818.3M	136.2M	71.4M	-33.9M
Total Capital	3,045.1M	2,919.0M	2,919.0M	2,608.0M	2,298.4M	1,286.4M	931.8M	845.0M	219.8M	146.4M	44.8M
Capital Employed	3,550.5M	3,527.3M	3,527.3M	3,141.3M	2,728.2M	1,457.6M	984.6M	872.8M	190.0M	116.9M	-11.4M
Invested Capital	937.7M	991.8M	991.8M	634.3M	-205.7M	-595.8M	-407.3M	-432.8M	-413.7M	-296.6M	-75.1M

Cash Flow Statement

Metric	TTM	TTM-1	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31
Net Income	956.63M	981.63M	645.59M	626.98M	741.68M	636.39M	391.99M	210.57M	113.02M	65.85M	38.01M
Depreciation & Amortization	216.53M	69.45M	107.75M	90.77M	32.97M	14.06M	6.38M	2.06M	1.81M	1.42M	0.82M
Deferred Income Tax	0.00M	0.00M	0.00M	0.00M	88.89M	-46.43M	-68.92M	0.00M	0.00M	0.00M	0.00M
Stock-Based Compensation	15.93M	50.61M	6.07M	10.39M	8.74M	41.87M	8.21M	0.00M	0.00M	0.00M	0.00M
Change in Working Capital	-1,574.11M	-763.16M	-475.61M	-717.00M	-68.24M	178.06M	218.67M	23.56M	104.04M	35.07M	46.49M
Accounts Receivable	-1,241.17M	-412.67M	-646.36M	-655.85M	-263.33M	-149.34M	-269.54M	-61.33M	-33.02M	-24.84M	-7.11M
Inventory	-11.70M	-16.36M	4.62M	-15.88M	-10.15M	-6.21M	1.11M	-4.83M	12.57M	-11.05M	-5.21M
Accounts Payable	0.00M	0.00M	0.00M	655.85M	263.33M	149.34M	269.54M	0.00M	0.00M	0.00M	0.00M
Other Working Capital	-321.24M	-334.13M	166.14M	-701.12M	-58.09M	184.27M	217.56M	28.39M	91.47M	46.12M	51.70M
Other Non-Cash Items	1,011.88M	896.10M	139.91M	52.73M	-48.71M	-36.91M	-11.65M	-44.16M	-20.61M	-8.43M	6.20M
Net Cash from Operating Activities	902.21M	1,234.63M	423.71M	63.88M	755.33M	787.03M	544.68M	192.03M	198.25M	93.91M	91.50M
Capital Expenditures (PPE)	-100.96M	-56.38M	-26.16M	-78.88M	-51.50M	-10.24M	-4.89M	-4.03M	-7.07M	-12.93M	-5.39M
Acquisitions (Net)	67.24M	-308.76M	-54.49M	-273.79M	-184.63M	-111.13M	0.00M	0.00M	-0.30M	0.39M	0.36M
Purchases of Investments	-328.37M	-539.49M	-333.33M	-662.17M	-1,329.43M	-676.90M	-274.28M	0.00M	-0.36M	-1.30M	0.00M
Sales / Maturities of Investments	284.60M	361.15M	130.31M	536.21M	922.62M	664.41M	0.00M	0.00M	-3.31M	0.53M	0.60M
Other Investing Activities	-218.78M	-519.58M	-20.55M	11.56M	51.85M	38.54M	15.59M	8.00M	3.32M	298.58M	-250.75M
Net Cash from Investing Activities	-296.28M	-884.73M	-304.23M	-467.07M	-591.09M	-95.32M	-263.58M	3.96M	-7.72M	285.27M	-255.17M
Net Debt Issuance	-12.41M	-12.27M	-18.27M	-5.17M	0.00M	0.00M	0.00M	0.00M	0.00M	5.82M	60.00M
Long-Term Debt Issuance	-12.41M	-12.27M	-18.27M	-5.17M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Short-Term Debt Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-65.90M	0.00M	5.82M	60.00M
Net Stock Issuance	-2.87M	-191.20M	3.18M	3.55M	710.77M	10.55M	-112.14M	538.42M	0.00M	0.00M	0.00M
Common Stock Issuance	0.98M	0.00M	3.18M	3.55M	759.36M	10.55M	0.00M	538.42M	0.00M	0.00M	0.00M
Common Stock Repurchased	-2.87M	-190.65M	0.00M	0.00M	-48.60M	0.00M	-112.14M	0.00M	0.00M	0.00M	0.00M
Preferred Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Dividends Paid	-304.55M	-388.80M	-134.47M	-134.94M	-239.82M	-147.26M	-82.00M	-59.00M	0.00M	-1.00M	-61.00M
Common Dividends Paid	-317.84M	-387.08M	-134.47M	-134.94M	-239.82M	-147.26M	-82.00M	-59.00M	0.00M	-1.00M	-61.00M
Preferred Dividends Paid	-0.29M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Financing Activities	-43.82M	908.29M	-25.70M	-142.80M	-242.55M	-6.54M	-30.72M	-108.49M	0.00M	-60.95M	59.25M
Net Cash from Financing Activities	-337.44M	319.52M	-175.25M	-144.42M	468.22M	-143.25M	-224.87M	429.93M	0.00M	-56.13M	119.25M
Effect of FX on Cash	10.32M	-9.02M	9.36M	17.21M	-10.49M	-5.41M	1.59M	18.45M	0.00M	0.00M	0.00M
Net Change in Cash	190.30M	183.28M	-46.41M	-530.41M	621.97M	543.04M	57.82M	644.37M	190.53M	323.05M	-44.41M
Cash at Beginning of Period	5,847.53M	8,408.40M	1,973.70M	2,504.10M	1,882.14M	1,339.09M	1,281.27M	633.46M	442.92M	119.87M	164.28M
Cash at End of Period	6,036.79M	8,591.68M	1,927.28M	1,973.70M	2,504.10M	1,882.14M	1,339.09M	1,277.82M	633.46M	442.92M	119.87M
Operating Cash Flow	902.21M	1,234.63M	423.71M	63.88M	755.33M	787.03M	544.68M	192.03M	198.25M	93.91M	91.50M
Capital Expenditure	-100.96M	-56.38M	-33.38M	-78.88M	-51.50M	-10.24M	-4.89M	-4.03M	-7.07M	-12.93M	-5.39M
Free Cash Flow	801.07M	1,178.25M	390.33M	-15.00M	703.84M	776.79M	539.80M	187.99M	191.19M	80.98M	86.12M

Free Cash Flow

Metric	TTM	TTM-1	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31
EBITDA	2,178.00M	1,618.15M	900.51M	855.83M	916.45M	613.39M	361.02M	189.68M	106.65M	67.33M	39.69M
(-) Tax Adjustment	468.19M	394.13M	192.11M	207.80M	226.06M	141.98M	83.02M	42.67M	20.07M	13.98M	13.89M
(-) Change In Working Capital	-1,574.11M	-763.16M	-475.61M	-717.00M	-68.24M	178.06M	218.67M	23.56M	104.04M	35.07M	46.49M
(-) Capital Expenditure	-100.96M	-56.38M	-33.38M	-78.88M	-51.50M	-10.24M	-4.89M	-4.03M	-7.07M	-12.93M	-5.39M
Unlevered Free Cash Flow	3,182.96M	1,930.80M	1,150.62M	1,286.15M	707.13M	283.10M	54.45M	119.42M	-24.54M	5.36M	-26.07M
(-) Net Interest Income After Taxes	63.47M	111.90M	17.40M	49.90M	58.85M	46.66M	24.77M	4.77M	5.53M	0.13M	-1.80M
Net Debt Issuance	-12.41M	-12.27M	-18.27M	-5.17M	0.00M	0.00M	0.00M	0.00M	0.00M	5.82M	60.00M
Levered Free Cash Flow	3,107.09M	1,806.62M	1,114.95M	1,231.08M	648.29M	236.44M	29.68M	114.65M	-30.07M	11.04M	35.73M