DIGITAL CHINA HOLDINGS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.85 HKD | +0.71% |
|
-12.31% | +22.84% |
| Apr. 25 | Battle for 'tech luxury' in China as EVs get smarter - and cheaper | RE |
| Apr. 23 | Jefferies Adjusts Digital China Holdings’ Price Target to HK$4.30 From HK$4.19, Keeps at Buy | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 6,767 | 10,637 | 8,284 | 6,360 | 3,883 | 4,736 | - | - |
| Enterprise Value (EV) 1 | 6,767 | 12,073 | 9,694 | 7,676 | 2,279 | 3,818 | 3,699 | 3,478 |
| P/E ratio | 22.1 x | 16.9 x | 10.7 x | 16.3 x | -1.74 x | 9.69 x | 7.93 x | - |
| Yield | 1.58% | 2.14% | 3.03% | 1.79% | - | 3.18% | 3.89% | 4.24% |
| Capitalization / Revenue | 0.38 x | 0.54 x | 0.4 x | 0.31 x | 0.2 x | 0.23 x | 0.22 x | 0.21 x |
| EV / Revenue | 0.38 x | 0.61 x | 0.47 x | 0.38 x | 0.12 x | 0.19 x | 0.17 x | 0.15 x |
| EV / EBITDA | 11,466,638 x | 7,550,894 x | 6,164,251 x | 8,107,933 x | - | - | - | - |
| EV / FCF | 8.57 x | 12.5 x | - | 15.7 x | - | 28.7 x | 7.84 x | 6.09 x |
| FCF Yield | 11.7% | 7.99% | - | 6.38% | - | 3.49% | 12.8% | 16.4% |
| Price to Book | 0.76 x | 1.13 x | 0.75 x | 0.67 x | 0.51 x | 0.58 x | 0.56 x | 0.52 x |
| Nbr of stocks (in thousands) | 1,670,978 | 1,672,497 | 1,673,526 | 1,673,607 | 1,673,607 | 1,673,607 | - | - |
| Reference price 2 | 4.050 | 6.360 | 4.950 | 3.800 | 2.320 | 2.830 | 2.830 | 2.830 |
| Announcement Date | 3/30/20 | 3/30/21 | 3/30/22 | 3/30/23 | 3/28/24 | - | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 17,727 | 19,820 | 20,539 | 20,234 | 19,792 | 20,448 | 21,633 | 22,889 |
| EBITDA | 590.2 | 1,599 | 1,573 | 946.7 | - | - | - | - |
| EBIT 1 | 299.1 | 1,421 | 1,392 | 804.4 | 548.6 | 982.2 | 1,280 | 1,479 |
| Operating Margin | 1.69% | 7.17% | 6.78% | 3.98% | 2.77% | 4.8% | 5.92% | 6.46% |
| Earnings before Tax (EBT) | 546.7 | 1,147 | 1,142 | 570.9 | -1,775 | - | - | - |
| Net income 1 | 301.8 | 613 | 711.6 | 353.8 | -1,986 | 435.9 | 530.1 | - |
| Net margin | 1.7% | 3.09% | 3.46% | 1.75% | -10.03% | 2.13% | 2.45% | - |
| EPS 2 | 0.1831 | 0.3759 | 0.4621 | 0.2328 | -1.335 | 0.2920 | 0.3570 | - |
| Free Cash Flow 1 | 790.1 | 964.4 | - | 489.8 | - | 133.1 | 471.6 | 571.2 |
| FCF margin | 4.46% | 4.87% | - | 2.42% | - | 0.65% | 2.18% | 2.5% |
| FCF Conversion (EBITDA) | 133.87% | 60.32% | - | 51.74% | - | - | - | - |
| FCF Conversion (Net income) | 261.76% | 157.34% | - | 138.44% | - | 30.52% | 88.98% | - |
| Dividend per Share 2 | 0.0640 | 0.1360 | 0.1500 | 0.0680 | - | 0.0900 | 0.1100 | 0.1200 |
| Announcement Date | 3/30/20 | 3/30/21 | 3/30/22 | 3/30/23 | 3/28/24 | - | - | - |
1HKD in Million2HKD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 1,436 | 1,410 | 1,316 | - | - | - | - |
| Net Cash position 1 | - | - | - | - | 1,604 | 918 | 1,037 | 1,258 |
| Leverage (Debt/EBITDA) | - | 0.8979 x | 0.8968 x | 1.39 x | - | - | - | - |
| Free Cash Flow 1 | 790 | 964 | - | 490 | - | 133 | 472 | 571 |
| ROE (net income / shareholders' equity) | 3.39% | 6.68% | 7.27% | 3.71% | -25% | 6.2% | 7.2% | 7.3% |
| ROA (Net income/ Total Assets) | 1.18% | 2.29% | 2.47% | 1.26% | - | - | - | - |
| Assets 1 | 25,515 | 26,786 | 28,810 | 28,054 | - | - | - | - |
| Book Value Per Share 2 | 5.350 | 5.640 | 6.620 | 5.660 | 4.580 | 4.870 | 5.080 | 5.410 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 332 | 441 | - | 107 | - | 164 | 172 | 182 |
| Capex / Sales | 1.87% | 2.23% | - | 0.53% | - | 0.8% | 0.8% | 0.79% |
| Announcement Date | 3/30/20 | 3/30/21 | 3/30/22 | 3/30/23 | 3/28/24 | - | - | - |
1HKD in Million2HKD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
2.83
HKD
Average target price
4.3
HKD
Spread / Average Target
+51.94%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +22.84% | 605M | |
| -12.23% | 194B | |
| +2.02% | 166B | |
| +2.19% | 153B | |
| +4.34% | 99.85B | |
| +6.50% | 77.56B | |
| +19.09% | 73.55B | |
| -7.01% | 71B | |
| -20.54% | 52.81B | |
| -5.37% | 47.86B |
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