Market Closed -
Hong Kong S.E.
04:08:12 2024-06-14 am EDT
|
5-day change
|
1st Jan Change
|
3.94
HKD
|
+2.34%
|
|
-5.06%
|
+20.49%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
27,463
|
28,206
|
27,920
|
24,561
|
33,377
|
37,152
|
-
|
-
|
Enterprise Value (EV)
1 |
26,636
|
29,847
|
26,768
|
21,406
|
29,588
|
33,880
|
28,820
|
29,380
|
P/E ratio
|
6.23
x
|
6.41
x
|
4.07
x
|
-
|
5.1
x
|
6.38
x
|
5.72
x
|
5.39
x
|
Yield
|
5.07%
|
5.06%
|
8.84%
|
-
|
9.76%
|
7.4%
|
7.64%
|
8.65%
|
Capitalization / Revenue
|
0.35
x
|
0.33
x
|
0.22
x
|
0.23
x
|
0.33
x
|
0.33
x
|
0.33
x
|
0.31
x
|
EV / Revenue
|
0.34
x
|
0.35
x
|
0.22
x
|
0.2
x
|
0.29
x
|
0.3
x
|
0.25
x
|
0.24
x
|
EV / EBITDA
|
5.1
x
|
5.46
x
|
3.8
x
|
2.85
x
|
4.17
x
|
5.23
x
|
4.01
x
|
3.63
x
|
EV / FCF
|
19
x
|
13.1
x
|
9.1
x
|
-
|
-
|
8.01
x
|
8.43
x
|
7.14
x
|
FCF Yield
|
5.25%
|
7.63%
|
11%
|
-
|
-
|
12.5%
|
11.9%
|
14%
|
Price to Book
|
0.62
x
|
0.58
x
|
0.46
x
|
-
|
0.57
x
|
0.65
x
|
0.62
x
|
0.59
x
|
Nbr of stocks (in thousands)
|
7,400,804
|
7,400,804
|
7,400,804
|
7,256,523
|
7,244,937
|
7,265,954
|
-
|
-
|
Reference price
2 |
2.368
|
2.373
|
2.037
|
2.243
|
2.972
|
3.660
|
3.660
|
3.660
|
Announcement Date
|
3/31/20
|
3/30/21
|
3/29/22
|
3/27/23
|
3/22/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
77,650
|
84,537
|
124,346
|
108,817
|
101,705
|
112,986
|
117,494
|
122,926
|
EBITDA
1 |
5,218
|
5,464
|
7,041
|
7,514
|
7,096
|
6,482
|
7,190
|
8,100
|
EBIT
1 |
3,372
|
3,379
|
4,867
|
5,204
|
5,473
|
4,668
|
5,424
|
6,674
|
Operating Margin
|
4.34%
|
4%
|
3.91%
|
4.78%
|
5.38%
|
4.13%
|
4.62%
|
5.43%
|
Earnings before Tax (EBT)
1 |
3,326
|
3,536
|
4,732
|
5,198
|
5,510
|
5,730
|
6,154
|
6,688
|
Net income
1 |
2,803
|
2,754
|
3,713
|
4,068
|
4,222
|
4,329
|
4,708
|
5,191
|
Net margin
|
3.61%
|
3.26%
|
2.99%
|
3.74%
|
4.15%
|
3.83%
|
4.01%
|
4.22%
|
EPS
2 |
0.3800
|
0.3700
|
0.5000
|
-
|
0.5822
|
0.5737
|
0.6393
|
0.6788
|
Free Cash Flow
1 |
1,399
|
2,277
|
2,943
|
-
|
-
|
4,229
|
3,419
|
4,116
|
FCF margin
|
1.8%
|
2.69%
|
2.37%
|
-
|
-
|
3.74%
|
2.91%
|
3.35%
|
FCF Conversion (EBITDA)
|
26.82%
|
41.67%
|
41.79%
|
-
|
-
|
65.24%
|
47.55%
|
50.82%
|
FCF Conversion (Net income)
|
49.91%
|
82.68%
|
79.24%
|
-
|
-
|
97.68%
|
72.63%
|
79.3%
|
Dividend per Share
2 |
0.1200
|
0.1200
|
0.1800
|
-
|
0.2900
|
0.2708
|
0.2794
|
0.3166
|
Announcement Date
|
3/31/20
|
3/30/21
|
3/29/22
|
3/27/23
|
3/22/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2020 S2
|
2021 Q4
|
2021 S2
|
2022 Q1
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2022 S2
|
2023 Q1
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2023 S2
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
---|
Net sales
1 |
39,930
|
39,691
|
44,843
|
26,530
|
62,669
|
-
|
55,191
|
25,202
|
28,424
|
53,625
|
22,361
|
47,837
|
24,936
|
28,932
|
53,868
|
24,287
|
27,082
|
26,520
|
30,769
|
EBITDA
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
1,218
|
-
|
-
|
1,243
|
-
|
-
|
-
|
-
|
-
|
1,418
|
1,456
|
1,593
|
EBIT
|
-
|
-
|
-
|
939.1
|
2,167
|
-
|
2,758
|
1,457
|
1,276
|
710.6
|
1,217
|
-
|
1,285
|
1,378
|
1,378
|
1,015
|
-
|
-
|
-
|
Operating Margin
|
-
|
-
|
-
|
3.54%
|
3.46%
|
-
|
5%
|
5.78%
|
4.49%
|
1.33%
|
5.44%
|
-
|
5.15%
|
4.76%
|
2.56%
|
4.18%
|
-
|
-
|
-
|
Earnings before Tax (EBT)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
|
-
|
1,215
|
-
|
634.2
|
1,551
|
982.5
|
-
|
-
|
-
|
-
|
960.9
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net margin
|
-
|
3.06%
|
-
|
2.39%
|
2.47%
|
-
|
-
|
-
|
-
|
-
|
4.3%
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EPS
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
3/31/20
|
8/27/20
|
3/30/21
|
3/29/22
|
3/29/22
|
4/27/22
|
8/25/22
|
10/26/22
|
3/27/23
|
3/27/23
|
4/28/23
|
9/7/23
|
10/27/23
|
3/22/24
|
3/22/24
|
4/29/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
1,641
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
827
|
-
|
1,152
|
3,154
|
3,788
|
6,855
|
8,333
|
8,653
|
Leverage (Debt/EBITDA)
|
-
|
0.3003
x
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
1,399
|
2,277
|
2,943
|
-
|
-
|
4,229
|
3,419
|
4,117
|
ROE (net income / shareholders' equity)
|
10.9%
|
9.35%
|
11.7%
|
11.9%
|
11.6%
|
11.1%
|
11.1%
|
11.1%
|
ROA (Net income/ Total Assets)
|
4.54%
|
4.31%
|
5.3%
|
-
|
5.47%
|
5.7%
|
5.73%
|
5.76%
|
Assets
1 |
61,690
|
63,863
|
70,060
|
-
|
77,194
|
75,953
|
82,157
|
90,069
|
Book Value Per Share
2 |
3.840
|
4.110
|
4.470
|
-
|
5.180
|
5.660
|
5.880
|
6.240
|
Cash Flow per Share
2 |
0.4500
|
0.5300
|
0.5600
|
-
|
0.5300
|
0.9100
|
0.7600
|
1.070
|
Capex
1 |
1,921
|
1,679
|
1,222
|
1,283
|
1,223
|
2,150
|
1,712
|
1,708
|
Capex / Sales
|
2.47%
|
1.99%
|
0.98%
|
1.18%
|
1.2%
|
1.9%
|
1.51%
|
1.41%
|
Announcement Date
|
3/31/20
|
3/30/21
|
3/29/22
|
3/27/23
|
3/22/24
|
-
|
-
|
-
|
Last Close Price
3.66
CNY Average target price
3.978
CNY Spread / Average Target +8.70% Consensus |
1st Jan change
|
Capi.
|
---|
| +20.49% | 5.12B | | -2.59% | 60.64B | | -15.84% | 47.15B | | -3.00% | 17.43B | | +33.12% | 8.91B | | -49.43% | 9.02B | | -21.62% | 5.73B | | -27.79% | 5.81B | | -0.43% | 4.27B | | +19.81% | 3.96B |
Other Air Freight & Logistics
|