Financials Carry Wealth Holdings Limited

Equities

643

BMG1925S1017

Apparel & Accessories

Delayed Hong Kong S.E. 10:08:53 2024-05-13 pm EDT 5-day change 1st Jan Change
0.24 HKD +11.63% Intraday chart for Carry Wealth Holdings Limited -2.27% -30.65%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 400.8 180 89.98 188.1 662.6 279
Enterprise Value (EV) 1 332.4 135.3 21.43 149.1 597.6 187.8
P/E ratio -7.92 x -12.1 x -5.89 x -10,000 x -86.9 x -30.8 x
Yield - - - - 0.25% -
Capitalization / Revenue 1.22 x 0.54 x 0.31 x 0.43 x 1.33 x 0.57 x
EV / Revenue 1.01 x 0.41 x 0.07 x 0.34 x 1.2 x 0.38 x
EV / EBITDA -27.4 x -13.2 x -2.18 x 30.7 x 121 x 22.5 x
EV / FCF 137 x -10.2 x 0.92 x -4.55 x 19.3 x -9.48 x
FCF Yield 0.73% -9.82% 108% -22% 5.18% -10.6%
Price to Book 2.49 x 1.19 x 0.65 x 1.27 x 4.86 x 1.57 x
Nbr of stocks (in thousands) 818,042 818,042 818,042 818,042 818,041 899,846
Reference price 2 0.4900 0.2200 0.1100 0.2300 0.8100 0.3100
Announcement Date 4/9/19 4/15/20 4/15/21 4/13/22 4/21/23 4/29/24
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 328.5 331.7 290.5 441.2 499 493.1
EBITDA 1 -12.12 -10.22 -9.832 4.858 4.924 8.33
EBIT 1 -18.1 -17.51 -17.41 -3.315 -5.948 -2.086
Operating Margin -5.51% -5.28% -5.99% -0.75% -1.19% -0.42%
Earnings before Tax (EBT) 1 -50.62 -14.82 -15.27 -0.019 -7.625 -8.917
Net income 1 -50.62 -14.82 -15.27 -0.019 -7.625 -8.917
Net margin -15.41% -4.47% -5.26% -0% -1.53% -1.81%
EPS 2 -0.0619 -0.0181 -0.0187 -0.000023 -0.009321 -0.0101
Free Cash Flow 1 2.418 -13.28 23.17 -32.81 30.96 -19.82
FCF margin 0.74% -4% 7.97% -7.44% 6.2% -4.02%
FCF Conversion (EBITDA) - - - - 628.73% -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - 0.002000 -
Announcement Date 4/9/19 4/15/20 4/15/21 4/13/22 4/21/23 4/29/24
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 68.4 44.7 68.6 39 65 91.1
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 2.42 -13.3 23.2 -32.8 31 -19.8
ROE (net income / shareholders' equity) -27.9% -9.5% -10.5% -0.01% -5.36% -5.67%
ROA (Net income/ Total Assets) -4.36% -4.63% -4.57% -0.77% -1.37% -0.49%
Assets 1 1,162 320.4 334.3 2.455 557.9 1,827
Book Value Per Share 2 0.2000 0.1800 0.1700 0.1800 0.1700 0.2000
Cash Flow per Share 2 0.0900 0.0600 0.1100 0.1200 0.1200 0.1300
Capex 1 5.08 0.43 0.78 2.8 2.24 2.64
Capex / Sales 1.55% 0.13% 0.27% 0.64% 0.45% 0.54%
Announcement Date 4/9/19 4/15/20 4/15/21 4/13/22 4/21/23 4/29/24
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Chiffre d''affaires - Rate of surprise

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