Financials China Aerospace International Holdings Limited

Equities

31

HK0031044180

Industrial Machinery & Equipment

Market Closed - Hong Kong S.E. 04:08:05 2024-05-31 am EDT 5-day change 1st Jan Change
0.385 HKD +13.24% Intraday chart for China Aerospace International Holdings Limited +24.19% +22.22%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,512 1,496 1,404 1,666 1,296 971.8
Enterprise Value (EV) 1 2,008 1,650 1,045 1,477 856.6 769.5
P/E ratio 3.74 x 4.42 x 4.73 x 4.82 x -10.8 x 240 x
Yield 2.04% 4.12% 4.4% 3.7% 5.95% -
Capitalization / Revenue 0.41 x 0.43 x 0.39 x 0.35 x 0.29 x 0.28 x
EV / Revenue 0.54 x 0.48 x 0.29 x 0.31 x 0.19 x 0.22 x
EV / EBITDA 3.62 x 2.86 x 1.78 x 2.8 x 2.24 x 2.78 x
EV / FCF -4.87 x 2.97 x 3.59 x -2.64 x 1.5 x -2.89 x
FCF Yield -20.5% 33.7% 27.9% -37.8% 66.8% -34.6%
Price to Book 0.21 x 0.21 x 0.18 x 0.2 x 0.17 x 0.13 x
Nbr of stocks (in thousands) 3,085,022 3,085,022 3,085,022 3,085,022 3,085,022 3,085,022
Reference price 2 0.4900 0.4850 0.4550 0.5400 0.4200 0.3150
Announcement Date 4/18/19 4/27/20 4/28/21 4/29/22 4/25/23 4/26/24
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,691 3,451 3,580 4,745 4,502 3,451
EBITDA 1 555.5 577.2 586.2 528.2 382.3 277
EBIT 1 408.9 423.4 430.3 326.4 136.9 54.13
Operating Margin 11.08% 12.27% 12.02% 6.88% 3.04% 1.57%
Earnings before Tax (EBT) 1 665.4 547.1 389.4 486.1 -325.7 -26.56
Net income 1 404.1 338.4 296.7 345.8 -119.9 4.047
Net margin 10.95% 9.8% 8.29% 7.29% -2.66% 0.12%
EPS 2 0.1310 0.1097 0.0962 0.1121 -0.0389 0.001311
Free Cash Flow 1 -412.3 555.4 291.3 -558.8 572.3 -265.9
FCF margin -11.17% 16.09% 8.14% -11.77% 12.71% -7.71%
FCF Conversion (EBITDA) - 96.21% 49.7% - 149.68% -
FCF Conversion (Net income) - 164.14% 98.19% - - -
Dividend per Share 2 0.0100 0.0200 0.0200 0.0200 0.0250 -
Announcement Date 4/18/19 4/27/20 4/28/21 4/29/22 4/25/23 4/26/24
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 497 154 - - - -
Net Cash position 1 - - 358 189 439 202
Leverage (Debt/EBITDA) 0.8942 x 0.2661 x - - - -
Free Cash Flow 1 -412 555 291 -559 572 -266
ROE (net income / shareholders' equity) 5.66% 4.72% 3.31% 3.82% -2.45% -0.02%
ROA (Net income/ Total Assets) 1.77% 1.82% 1.75% 1.24% 0.53% 0.23%
Assets 1 22,846 18,557 17,002 27,959 -22,516 1,786
Book Value Per Share 2 2.300 2.350 2.570 2.720 2.480 2.400
Cash Flow per Share 2 0.3100 0.4100 0.6000 0.4500 0.5300 0.4900
Capex 1 214 115 285 464 326 432
Capex / Sales 5.81% 3.34% 7.97% 9.78% 7.24% 12.51%
Announcement Date 4/18/19 4/27/20 4/28/21 4/29/22 4/25/23 4/26/24
1HKD in Million2HKD
Estimates
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