Yuexiu Services Group Limited (6626.HK)

Industry: Real Estate - Services Sector: Real Estate Currency Used: HK Live Price: $2.52

Enterprise Value

Metric	2024	2023	2022	2021	2020	2019
Stock Price	3.01	2.49	3.14	3.70	4.28	4.32
Market Capitalization	4,564.44M	3,778.56M	4,783.11M	4,645.90M	4,355.69M	5,382.87M
(-) Cash & Equivalents	2,368.88M	4,637.06M	4,271.81M	3,497.37M	110.47M	386.84M
(+) Total Debt	135.37M	108.29M	70.14M	71.54M	57.70M	533.52M
Enterprise Value	2,330.94M	-750.21M	581.44M	1,220.07M	4,302.92M	5,529.55M

Income Statement

Metric	TTM	TTM-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Revenue	7,542M	4,958M	3,868M	3,224M	2,486M	1,918M	1,168M	896M	763M
Cost of Revenue	5,791M	3,526M	2,967M	2,367M	1,807M	1,248M	765M	653M	565M
Gross Profit	1,751M	1,433M	902M	857M	679M	671M	403M	243M	198M
Gross Profit Margin	23.2%	28.9%	23.3%	26.6%	27.3%	35.0%	34.5%	27.2%	25.9%
R&D Expenses	17M	0M	11M	0M	0M	0M	0M	0M	0M
SG&A Expenses	619M	415M	307M	279M	211M	161M	22M	17M	18M
Operating Expenses	621M	384M	318M	272M	175M	167M	101M	108M	107M
Operating Income (EBIT)	1,130M	1,048M	583M	585M	504M	504M	302M	135M	90M
Operating Income Margin	15.0%	21.1%	15.1%	18.1%	20.3%	26.3%	25.9%	15.1%	11.8%
Interest Income	157M	137M	107M	107M	75M	24M	33M	63M	48M
Interest Expense	0M	4M	5M	5M	3M	3M	29M	65M	63M
Net Interest Income	157M	132M	101M	102M	72M	20M	4M	-2M	-14M
Unusual Items	-169M	5M	-222M	0M	0M	0M	-26M	-6M	-10M
EBT Excluding Unusual Items	1,287M	1,181M	685M	687M	576M	524M	306M	134M	76M
Pre-Tax Income	1,119M	1,186M	462M	687M	576M	524M	280M	128M	66M
Pre-Tax Margin	14.8%	23.9%	12.0%	21.3%	23.2%	27.3%	24.0%	14.3%	8.6%
Income Tax Expense	347M	320M	177M	187M	152M	155M	77M	35M	19M
Net Income	832M	846M	353M	487M	416M	360M	199M	91M	45M
Net Income Margin	11.0%	17.1%	9.1%	15.1%	16.7%	18.7%	17.0%	10.2%	6.0%
Depreciation & Amortization	44M	37M	19M	86M	79M	76M	75M	79M	72M
EBITDA	1,174M	1,086M	602M	671M	583M	580M	378M	214M	162M
EBITDA Margin	15.6%	21.9%	15.6%	20.8%	23.5%	30.2%	32.3%	23.9%	21.2%
NOPAT	780M	766M	361M	426M	372M	355M	220M	98M	65M
NOPAT Margin	10.3%	15.4%	9.3%	13.2%	14.9%	18.5%	18.8%	11.0%	8.5%
Owner's Earnings	838M	856M	353M	552M	475M	408M	260M	147M	103M
Owner's Earnings Margin	11.1%	17.3%	9.1%	17.1%	19.1%	21.3%	22.3%	16.4%	13.5%
EPS (Basic)	0.55	0.56	0.23	0.32	0.27	0.27	0.13	0.06	0.03
EPS (Diluted)	0.55	0.56	0.23	0.32	0.27	0.27	0.13	0.06	0.03
Shares (Basic)	1,516M	1,522M	1,519M	1,522M	1,522M	1,308M	1,479M	1,479M	1,479M
Shares (Diluted)	1,516M	1,522M	1,519M	1,522M	1,522M	1,308M	1,479M	1,479M	1,479M

Balance Sheet

Metric	MRQ	MRQ-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Cash & Cash Equivalents	2,443.22M	2,004.60M	2,004.60M	4,654.55M	4,394.04M	3,803.43M	994.63M	773.69M	598.14M
Short-Term Investments	117.86M	467.26M	467.26M	9.06M	-33.26M	0.00M	0.00M	0.00M	0.00M
Cash & Short-Term Investments	2,561.08M	2,471.86M	2,471.86M	4,663.61M	4,360.79M	3,803.43M	994.63M	773.69M	598.14M
Net Receivables	1,074.36M	887.83M	887.83M	649.20M	641.08M	517.04M	446.85M	199.18M	198.62M
Inventory	6.27M	6.52M	6.52M	10.28M	6.30M	1.02M	0.90M	0.69M	0.58M
Other Current Assets	62.14M	552.49M	552.49M	537.47M	278.84M	305.15M	423.89M	1,773.37M	1,670.67M
Total Current Assets	3,703.85M	3,918.70M	3,918.70M	5,860.55M	5,287.01M	4,626.64M	1,866.27M	2,746.93M	2,468.01M
Property, Plant & Equipment	132.96M	152.83M	152.83M	140.30M	112.91M	93.24M	141.10M	163.36M	177.33M
Goodwill	0.00M	23.54M	23.54M	260.41M	260.41M	253.33M	248.34M	0.00M	0.00M
Intangible Assets	79.23M	61.85M	61.85M	72.51M	83.85M	92.55M	95.56M	4.42M	2.90M
Long-Term Investments	2,268.62M	2,266.63M	2,266.63M	36.49M	33.09M	33.02M	34.78M	35.56M	30.19M
Tax Assets	0.00M	0.00M	0.00M	0.00M	10.86M	10.05M	8.64M	7.35M	6.46M
Other Non-Current Assets	136.97M	113.06M	113.06M	23.68M	29.15M	8.13M	6.54M	0.63M	6.75M
Other Assets	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Non-Current Assets	2,617.78M	2,617.90M	2,617.90M	533.39M	530.26M	490.32M	534.96M	211.31M	223.62M
Total Assets	6,321.63M	6,536.61M	6,536.61M	6,393.94M	5,817.27M	5,116.97M	2,401.24M	2,958.24M	2,691.63M
Accounts Payable	750.51M	651.50M	651.50M	399.28M	353.11M	166.58M	80.95M	40.20M	84.41M
Short-Term Debt	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	106.00M	99.00M
Tax Payables	0.00M	0.00M	0.00M	64.70M	142.33M	55.40M	63.35M	37.48M	32.58M
Deferred Revenue	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	32.58M
Other Current Liabilities	2,338.69M	1,844.76M	1,844.76M	1,881.75M	1,248.92M	1,015.30M	1,152.47M	1,355.25M	1,054.89M
Total Current Liabilities	3,089.19M	2,496.26M	2,496.26M	2,345.72M	1,744.35M	1,237.28M	1,296.77M	1,538.92M	1,303.44M
Long-Term Debt	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	6.14M	890.50M	981.00M
Capital Lease Obligations	103.09M	119.45M	119.45M	108.13M	78.84M	55.02M	109.25M	137.50M	160.76M
Deferred Tax Liabilities	0.00M	99.51M	99.51M	77.80M	58.75M	53.02M	35.77M	11.69M	7.16M
Other Non-Current Liabilities	104.76M	0.00M	0.00M	77.80M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Non-Current Liabilities	207.85M	218.96M	218.96M	263.72M	137.58M	108.04M	151.16M	1,039.68M	1,148.92M
Total Liabilities	3,297.04M	2,715.22M	2,715.22M	2,609.44M	1,881.93M	1,345.32M	1,447.93M	2,578.60M	2,452.37M
Preferred Stock	0.00M	0.00M	0.00M	0.00M	387.27M	394.73M	390.31M	0.00M	0.00M
Common Stock	2,543.05M	2,543.05M	2,543.05M	2,543.05M	2,543.05M	2,543.05M	581.02M	0.00M	0.00M
Retained Earnings	1,330.89M	1,232.64M	1,232.64M	1,197.77M	1,012.04M	755.58M	399.95M	268.14M	174.15M
Accumulated OCI	-269.93M	-273.32M	-273.32M	-296.24M	-387.27M	-394.73M	-390.31M	-9.23M	-12.76M
Minority Interest	76.05M	85.30M	85.30M	175.88M	168.66M	158.69M	146.06M	9.39M	12.68M
Total Shareholders’ Equity	3,604.01M	3,502.38M	3,502.38M	3,444.58M	3,555.08M	3,298.62M	980.97M	258.91M	161.39M
Total Equity	3,680.06M	3,587.68M	3,587.68M	3,620.46M	3,723.75M	3,457.31M	1,127.03M	268.30M	174.07M
Total Liabilities & Equity	6,977.09M	6,302.89M	6,302.89M	6,229.90M	5,605.68M	4,802.63M	2,574.96M	2,846.90M	2,626.44M
Tangible Assets	6,242.40M	6,451.22M	6,451.22M	6,061.02M	5,473.01M	4,771.09M	2,057.33M	2,953.82M	2,688.73M
Tangible Equity	3,600.83M	3,502.29M	3,502.29M	3,287.53M	3,379.49M	3,111.43M	783.12M	263.88M	171.17M
Tangible Book Value	3,600.83M	3,502.29M	3,502.29M	3,287.53M	3,379.49M	3,111.43M	783.12M	263.88M	171.17M
Total Investments	2,386.47M	2,733.89M	2,733.89M	45.55M	33.09M	33.02M	34.78M	35.56M	30.19M
Net Debt	-2,443.22M	-2,004.60M	-2,004.60M	-4,654.55M	-4,394.04M	-3,803.43M	-988.49M	222.81M	481.86M

Capital Metrics

Metric	MRQ	MRQ-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Working Capital	1,210.9M	1,116.8M	1,116.8M	3,208.5M	3,397.1M	3,098.0M	319.9M	1,029.7M	1,045.9M
Total Capital	3,707.1M	3,621.8M	3,621.8M	3,552.7M	3,301.4M	2,986.8M	730.0M	1,392.9M	1,411.7M
Capital Employed	3,828.7M	3,734.7M	3,734.7M	3,741.9M	3,927.3M	3,588.4M	854.9M	1,241.0M	1,269.5M
Invested Capital	1,263.9M	1,617.2M	1,617.2M	-1,101.8M	-1,092.6M	-816.6M	-264.6M	619.2M	813.6M

Cash Flow Statement

Metric	TTM	TTM-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Net Income	831.96M	845.64M	462.50M	687.14M	575.98M	524.26M	199.13M	128.31M	65.87M
Depreciation & Amortization	90.22M	135.44M	105.44M	86.37M	78.96M	76.31M	75.31M	78.82M	71.61M
Deferred Income Tax	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Stock-Based Compensation	6.93M	0.00M	0.00M	6.93M	0.00M	0.00M	0.00M	0.00M	0.00M
Change in Working Capital	-444.60M	-314.20M	-231.79M	77.38M	251.88M	550.11M	-123.07M	16.30M	-108.05M
Accounts Receivable	-258.78M	-289.15M	-378.98M	-49.61M	-184.09M	-105.06M	-117.21M	-61.89M	-155.33M
Inventory	-0.22M	-5.39M	3.76M	-3.98M	-5.27M	-0.12M	1.00M	-0.11M	0.00M
Accounts Payable	0.00M	0.00M	0.00M	0.00M	184.09M	105.06M	0.00M	61.89M	0.00M
Other Working Capital	-185.60M	-19.66M	143.43M	130.97M	257.15M	550.23M	-6.85M	16.41M	-108.04M
Other Non-Cash Items	307.98M	908.11M	53.84M	-162.81M	-156.41M	-152.55M	298.90M	-17.28M	9.05M
Net Cash from Operating Activities	792.48M	1,574.99M	389.99M	695.01M	750.42M	998.12M	450.27M	206.15M	38.48M
Capital Expenditures (PPE)	-37.29M	-27.03M	-16.71M	-20.90M	-20.13M	-28.18M	-14.11M	-23.32M	-14.46M
Acquisitions (Net)	0.00M	-5.17M	0.00M	0.00M	-5.17M	0.00M	-275.49M	0.00M	0.00M
Purchases of Investments	0.00M	0.00M	-3,285.97M	-9.26M	0.00M	0.00M	0.00M	0.00M	0.00M
Sales / Maturities of Investments	0.00M	0.00M	597.77M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Investing Activities	-2,689.43M	-11.83M	-2.07M	1.94M	2.83M	165.76M	1,316.08M	29.88M	-1,048.39M
Net Cash from Investing Activities	-2,726.72M	-44.04M	-2,706.98M	-28.23M	-22.47M	137.58M	1,026.48M	6.57M	-1,062.84M
Net Debt Issuance	0.00M	0.00M	-80.61M	-60.88M	-51.78M	-187.10M	-1,169.82M	-99.00M	1,080.00M
Long-Term Debt Issuance	0.00M	0.00M	-80.61M	-60.88M	-51.78M	-187.10M	-1,169.82M	-99.00M	1,080.00M
Short-Term Debt Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Stock Issuance	-33.63M	0.00M	-33.63M	0.00M	0.00M	2,006.70M	0.00M	0.00M	0.00M
Common Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	2,006.70M	0.00M	0.00M	0.00M
Common Stock Repurchased	-33.63M	0.00M	-33.63M	0.00M	0.00M	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
Net Dividends Paid	-535.12M	-135.89M	-261.52M	-273.60M	-135.89M	-90.20M	-3.85M	-12.94M	-10.00M
Common Dividends Paid	-535.12M	-135.89M	-261.52M	-273.60M	-135.89M	-90.20M	-3.85M	-12.94M	-10.00M
Preferred Dividends Paid	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Financing Activities	-106.86M	33.38M	0.00M	7.19M	3.22M	-40.46M	-79.94M	74.06M	-14.61M
Net Cash from Financing Activities	-675.62M	-102.51M	-375.77M	-327.29M	-184.45M	1,688.95M	-1,253.60M	-37.88M	1,065.39M
Effect of FX on Cash	-7.06M	-0.18M	2.16M	-5.08M	13.85M	-15.84M	-2.21M	0.71M	1.40M
Net Change in Cash	-943.21M	714.13M	-2,690.61M	334.42M	557.36M	2,808.81M	220.94M	175.55M	42.44M
Cash at Beginning of Period	-981.02M	7,340.89M	4,695.20M	4,360.79M	3,803.43M	994.63M	773.69M	598.14M	555.70M
Cash at End of Period	-943.21M	8,055.02M	2,004.60M	4,695.20M	4,360.79M	3,803.43M	994.63M	773.69M	598.14M
Operating Cash Flow	792.48M	1,574.99M	389.99M	695.01M	750.42M	998.12M	450.27M	206.15M	38.48M
Capital Expenditure	-37.29M	-27.03M	-19.23M	-20.90M	-20.13M	-28.18M	-14.11M	-23.32M	-14.46M
Free Cash Flow	755.19M	1,547.95M	370.76M	674.11M	730.29M	969.94M	436.16M	182.84M	24.03M

Free Cash Flow

Metric	TTM	TTM-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
EBITDA	1,158.55M	1,054.65M	602.44M	663.67M	547.48M	585.69M	456.43M	305.74M	251.12M
(-) Tax Adjustment	359.14M	284.27M	210.85M	180.86M	144.06M	172.63M	124.61M	83.64M	70.75M
(-) Change In Working Capital	-444.60M	-314.20M	-231.79M	77.38M	251.88M	550.11M	-123.07M	16.30M	-108.05M
(-) Capital Expenditure	-37.29M	-27.03M	-19.23M	-20.90M	-20.13M	-28.18M	-14.11M	-23.32M	-14.46M
Unlevered Free Cash Flow	1,206.72M	1,057.55M	604.14M	384.53M	131.40M	-165.23M	440.77M	182.48M	273.96M
(-) Net Interest Income After Taxes	108.30M	96.66M	65.91M	74.23M	52.81M	14.38M	2.79M	-1.14M	-10.14M
Net Debt Issuance	0.00M	0.00M	-80.61M	-60.88M	-51.78M	-187.10M	-1,169.82M	-99.00M	1,080.00M
Levered Free Cash Flow	1,098.42M	960.89M	457.62M	249.42M	26.81M	-366.71M	-731.84M	84.62M	1,364.10M