Financials Brainhole Technology Limited

Equities

2203

KYG1300A1058

Semiconductors

Delayed Hong Kong S.E. 04:08:28 2024-05-20 am EDT 5-day change 1st Jan Change
0.074 HKD +8.82% Intraday chart for Brainhole Technology Limited +2.78% -20.43%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 760 308 232 140.8 111.2 74.4
Enterprise Value (EV) 1 714.5 287 265.1 181.3 159.9 97.3
P/E ratio 21.9 x -6.17 x -3.95 x -2.73 x -1.93 x -2.18 x
Yield - - - - - -
Capitalization / Revenue 2.18 x 0.89 x 0.89 x 0.44 x 0.42 x 0.34 x
EV / Revenue 2.05 x 0.83 x 1.01 x 0.56 x 0.61 x 0.44 x
EV / EBITDA 12.8 x -44.5 x -22 x -12.7 x -15.2 x -4.31 x
EV / FCF -34.8 x 12.1 x -4.61 x -40.9 x -10.5 x 2.82 x
FCF Yield -2.87% 8.3% -21.7% -2.44% -9.49% 35.5%
Price to Book 2.74 x 1.37 x 1.24 x 0.99 x 1.09 x 1.11 x
Nbr of stocks (in thousands) 800,000 800,000 800,000 800,000 800,000 800,000
Reference price 2 0.9500 0.3850 0.2900 0.1760 0.1390 0.0930
Announcement Date 4/10/19 4/28/20 4/28/21 4/28/22 4/26/23 4/29/24
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 348.3 346.7 261.8 321.6 263.6 220.8
EBITDA 1 55.95 -6.447 -12.04 -14.33 -10.5 -22.59
EBIT 1 36.82 -32.67 -34.76 -34.1 -22.8 -29.12
Operating Margin 10.57% -9.42% -13.28% -10.6% -8.65% -13.19%
Earnings before Tax (EBT) 1 38.8 -54.61 -67.11 -51.2 -61.73 -36.68
Net income 1 34.64 -49.94 -58.76 -51.55 -57.61 -34.12
Net margin 9.95% -14.4% -22.44% -16.03% -21.86% -15.45%
EPS 2 0.0433 -0.0624 -0.0734 -0.0644 -0.0720 -0.0426
Free Cash Flow 1 -20.51 23.81 -57.48 -4.428 -15.17 34.56
FCF margin -5.89% 6.87% -21.95% -1.38% -5.76% 15.65%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 4/10/19 4/28/20 4/28/21 4/28/22 4/26/23 4/29/24
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - 33.1 40.5 48.7 22.9
Net Cash position 1 45.5 21 - - - -
Leverage (Debt/EBITDA) - - -2.751 x -2.826 x -4.638 x -1.014 x
Free Cash Flow 1 -20.5 23.8 -57.5 -4.43 -15.2 34.6
ROE (net income / shareholders' equity) 13.1% -18.1% -28.6% -31.3% -47.2% -40.5%
ROA (Net income/ Total Assets) 7.03% -5.01% -5.57% -5.89% -4.15% -5.94%
Assets 1 492.6 996.7 1,055 875.7 1,389 574.1
Book Value Per Share 2 0.3500 0.2800 0.2300 0.1800 0.1300 0.0800
Cash Flow per Share 2 0.0500 0.0700 0.0900 0.0500 0.0300 0.0500
Capex 1 50.3 46.9 13.8 4.42 7.84 4.97
Capex / Sales 14.44% 13.52% 5.27% 1.38% 2.98% 2.25%
Announcement Date 4/10/19 4/28/20 4/28/21 4/28/22 4/26/23 4/29/24
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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