China Vanke Co., Ltd.

000002.SZ

000002.SZChina Vanke Co., Ltd.

Shenzhen

6.32

CNY

+0.01

(+0.16%)

-0.64EPS

-9.87P/E

69.26BMarket Cap

Oct 25Next Earn

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China Vanke Co., Ltd.

000002.SZ

(Shenzhen)

Recent

price

6.32

P/E

ratio

-9.87

div

yld

10.76%

ROIC.AI

Legends:

Stock price

Beta (1.0 Market)

% total return 09/14

Stock

S&P500

-53.60

25.87

-70.27

25.85

-76.77

86.66

2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	TTM
3.76	4.4	4.6	6.56	9.37	12.27	13.29	17.7	21.73	21.99	26.97	32.84	36.54	39	43.53	39.44	34.35	Revenue per Share
0.37	0.48	0.66	0.88	1.14	1.37	1.43	1.64	1.9	2.54	3.06	3.47	3.62	1.94	1.96	1.03	-0.64	Basic EPS, GAAP
-0.02	0.76	0.18	0.29	0.32	-0.05	3.62	1.27	3.38	7.24	2.51	3.52	4.01	-0.47	-0.87	-0.37	-0.66	Free Cash Flow per Basic Share
0.26	0.25	0.31	0.48	0.52	0.73	0.97	0.97	1.15	1.44	2.17	2.29	2.38	2.31	2.04	1.87	1.81	Dividend per Share
1.58	1.78	2.22	2.74	3.42	4.32	4.82	5.76	6.53	7.99	9.31	9.52	9.59	8.99	9.47	8.94	8.06	Book Value per Share
3.56	4.08	4.91	6.16	7.4	9.5	10.43	12.22	14.48	16.75	20.88	23.66	29.96	32.6	33.58	32.74	31.28	Tangible Book Value per Share
10,900	11,104	11,035	10,937	11,010	11,035	11,011	11,048	11,065	11,044	11,037	11,202	11,468	11,610	11,576	11,808	11,868	Basic Weighted Avg Shares
40,992	48,881	50,714	71,783	103,116	135,419	146,388	195,549	240,477	242,897	297,679	367,894	419,112	452,798	503,838	465,739	407,625	Sales/Revenue/Turnover
19.67	15.97	21.87	21.79	20.31	17.88	15.19	15.61	15.3	19.75	23.26	21.56	17.6	11.94	10.21	7.26	2.99	Operating Margin (%)
106	105	117	137	183	179	549	716	1,149	1,929	2,922	6,306	6,985	8,063	9,300	9,081	- -	Depreciation Expense
4,033	5,330	7,283	9,625	12,551	15,119	15,745	18,119	21,023	28,052	33,773	38,872	41,516	22,524	22,689	12,163	-7,560	Net Income, GAAP
26.61	25.38	25.97	26.61	25.66	24.67	23.62	23.23	27.78	27.24	26.96	27.97	25.58	27.1	28.23	31.37	409.2	Effective Tax Rate (%)
9.84	10.9	14.36	13.41	12.17	11.16	10.76	9.27	8.74	11.55	11.35	10.57	9.91	4.97	4.5	2.61	-1.85	Profit Margin (%)
48,903	62,265	75,870	81,922	102,940	113,125	119,152	126,963	141,297	170,197	171,603	166,379	229,894	288,822	337,555	328,475	291,768	Working Capital
14,942	23,297	30,612	26,822	36,036	44,082	46,149	52,844	85,514	128,352	190,654	185,243	200,203	231,652	271,655	277,280	247,991	LT Debt
38,819	45,409	54,586	67,833	82,138	105,439	115,894	136,310	161,677	186,674	235,621	270,579	349,844	392,773	405,637	402,934	385,057	Total Equity
9.07	7.81	8.94	10.1	11.1	10.57	9.02	11.35	10.16	10.14	11.05	10.35	8.84	5.73	4.96	2.99	-4.9	Return on Invested Capital (%)
8.51	8.33	9.24	9.66	9.64	9.31	8.84	7.08	7.17	7.51	6.15	4.15	5.95	2.21	0.57	1.19	-8.01	Return on Capital (%)
28.72	28.82	32.9	35.39	37.13	35.4	31.26	31.06	30.94	34.97	35.37	37.12	38.32	21.02	21.21	11.3	-7.29	Return on Common Equity (%)

Capital Structure

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in mil. unless spec.

Working Capital

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in mil. unless spec.

Growth Rates

FRC

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in mil. unless spec.

(avg. rate of change)	10 years	5 years	1 year
Sales/Revenue/Turnover	13.75%	9.85%	-7.56%
Net Income, GAAP	1.96%	-13.9%	-46.39%
Free Cash Flow	-771.23%	-4.95%	-56.12%
Total Cash Common Dividend	11.98%	-1.25%	-6.12%
Total Equity	14.68%	11.8%	-0.67%

Growth Rates

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in mil. unless spec.

Quarterly Revenue

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in mil. unless spec.

Quarterly Earnings Per Share

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in mil. unless spec.

Quarterly Dividends Per Share

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in mil. unless spec.

Business: China Vanke Co., Ltd., together with its subsidiaries, engages in the development and sale of properties in the Mainland China, Hong Kong, and internationally. The company operates through Property Development and Property Management segments. It develops residential buildings, commercial offices, and other ancillary facilities. The company also provides property management and related services to purchasers and tenants of its own developed residential properties, shopping arcades, and office buildings, as well as to properties developed by external property developers; and undertakes construction contracts. In addition, it is involved in logistics and warehousing, hotel and resort, education, and housing rental businesses. The company was incorporated in 1984 and is headquartered in Shenzhen, the People's Republic of China.

Year	Q1	Q2	Q3	Q4	FY
2022	0.12	- -	- -	- -	1.96
2023	0.13	- -	- -	- -	1.03
2024	-0.03	- -	- -	- -	- -

Year	Q1	Q2	Q3	Q4	FY
2022	62,667	144,249	130,757	166,165	503,838
2023	68,474	132,419	89,416	175,431	465,739
2024	61,594	81,185	- -	- -	- -

Year	Q1	Q2	Q3	Q4	FY
2022	0.24	- -	- -	- -	2.04
2023	0.31	- -	- -	- -	1.87
2024	0.27	- -	- -	- -	- -

	Dec'23	Mar'24	Jun'24
Total Current Assets	1,150,260	1,111,071	1,078,209
Accounts Receivable, Net	7,294	8,775	9,550
Cash, Cash Equivalents & STI	99,827	83,080	92,413
Inventories	701,696	672,057	620,405
Total Current Liabilities	821,785	802,374	786,441
Payables & Accruals	- -	- -	- -
ST Debt	65,990	84,166	105,512
Deferred Revenue	- -	- -	- -

	Dec'23	Mar'24	Jun'24
ST Debt	65,990	84,166	105,512
LT Borrowings	257,635	239,819	229,315
LT Finance Leases	19,645	19,221	18,677
Preferred Equity and Hybrid Capital	- -	- -	- -
Shares Outstanding	11,931	11,931	11,931
Market Capitalization	120,889	106,810	82,244

2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	TTM
3.76	4.4	4.6	6.56	9.37	12.27	13.29	17.7	21.73	21.99	26.97	32.84	36.54	39	43.53	39.44	34.35	Revenue per Share
0.37	0.48	0.66	0.88	1.14	1.37	1.43	1.64	1.9	2.54	3.06	3.47	3.62	1.94	1.96	1.03	-0.64	Basic EPS, GAAP
-0.02	0.76	0.18	0.29	0.32	-0.05	3.62	1.27	3.38	7.24	2.51	3.52	4.01	-0.47	-0.87	-0.37	-0.66	Free Cash Flow per Basic Share
0.26	0.25	0.31	0.48	0.52	0.73	0.97	0.97	1.15	1.44	2.17	2.29	2.38	2.31	2.04	1.87	1.81	Dividend per Share
1.58	1.78	2.22	2.74	3.42	4.32	4.82	5.76	6.53	7.99	9.31	9.52	9.59	8.99	9.47	8.94	8.06	Book Value per Share
3.56	4.08	4.91	6.16	7.4	9.5	10.43	12.22	14.48	16.75	20.88	23.66	29.96	32.6	33.58	32.74	31.28	Tangible Book Value per Share
10,900	11,104	11,035	10,937	11,010	11,035	11,011	11,048	11,065	11,044	11,037	11,202	11,468	11,610	11,576	11,808	11,868	Basic Weighted Avg Shares
40,992	48,881	50,714	71,783	103,116	135,419	146,388	195,549	240,477	242,897	297,679	367,894	419,112	452,798	503,838	465,739	407,625	Sales/Revenue/Turnover
19.67	15.97	21.87	21.79	20.31	17.88	15.19	15.61	15.3	19.75	23.26	21.56	17.6	11.94	10.21	7.26	2.99	Operating Margin (%)
106	105	117	137	183	179	549	716	1,149	1,929	2,922	6,306	6,985	8,063	9,300	9,081	- -	Depreciation Expense
4,033	5,330	7,283	9,625	12,551	15,119	15,745	18,119	21,023	28,052	33,773	38,872	41,516	22,524	22,689	12,163	-7,560	Net Income, GAAP
26.61	25.38	25.97	26.61	25.66	24.67	23.62	23.23	27.78	27.24	26.96	27.97	25.58	27.1	28.23	31.37	409.2	Effective Tax Rate (%)
9.84	10.9	14.36	13.41	12.17	11.16	10.76	9.27	8.74	11.55	11.35	10.57	9.91	4.97	4.5	2.61	-1.85	Profit Margin (%)
48,903	62,265	75,870	81,922	102,940	113,125	119,152	126,963	141,297	170,197	171,603	166,379	229,894	288,822	337,555	328,475	291,768	Working Capital
14,942	23,297	30,612	26,822	36,036	44,082	46,149	52,844	85,514	128,352	190,654	185,243	200,203	231,652	271,655	277,280	247,991	LT Debt
38,819	45,409	54,586	67,833	82,138	105,439	115,894	136,310	161,677	186,674	235,621	270,579	349,844	392,773	405,637	402,934	385,057	Total Equity
9.07	7.81	8.94	10.1	11.1	10.57	9.02	11.35	10.16	10.14	11.05	10.35	8.84	5.73	4.96	2.99	-4.9	Return on Invested Capital (%)
8.51	8.33	9.24	9.66	9.64	9.31	8.84	7.08	7.17	7.51	6.15	4.15	5.95	2.21	0.57	1.19	-8.01	Return on Capital (%)
28.72	28.82	32.9	35.39	37.13	35.4	31.26	31.06	30.94	34.97	35.37	37.12	38.32	21.02	21.21	11.3	-7.29	Return on Common Equity (%)

China Vanke Co., Ltd.

Growth Rates

(avg. rate of change)

Growth Rates

(avg. rate of change)

Quarterly Earnings Per Share

Year

Quarterly Revenue

Year

Quarterly Dividends Per Share

Year

Working Capital

Capital Structure