Financials Dongyue Group Limited

Equities

Market Closed - Hong Kong S.E. Other stock markets 04:08:05 2024-05-31 am EDT			5-day change	1st Jan Change
9.32 ^HKD	-2.92%		-0.64%	+64.96%

May. 03	Dongyue Group Says Chairman, Shareholder Qixin Investment Terminate Voting-Alignment Agreement	MT
Mar. 27	Dongyue Group's Attributable Profit Plunges as Revenue Declines	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	9,122	12,987	27,423	19,359	12,733	16,149	-	-
Enterprise Value (EV) ¹	9,122	12,987	21,959	13,339	10,007	13,074	12,119	10,776
P/E ratio	5.65 x	-	10.1 x	4.35 x	16.3 x	10.7 x	8.39 x	6.27 x
Yield	-	-	2.8%	6.98%	1.77%	2.96%	3.64%	3.8%
Capitalization / Revenue	-	1.08 x	1.41 x	0.85 x	0.81 x	0.81 x	0.75 x	0.62 x
EV / Revenue	-	1.08 x	1.13 x	0.58 x	0.64 x	0.66 x	0.57 x	0.42 x
EV / EBITDA	-	6.04 x	4.41 x	1.92 x	4.94 x	3.29 x	2.56 x	2.34 x
EV / FCF	-	-	-422,992,592 x	9,519,451 x	-	-	-	-
FCF Yield	-	-	-0%	0%	-	-	-	-
Price to Book	-	-	1.7 x	1.05 x	0.77 x	1.06 x	0.91 x	0.82 x
Nbr of stocks (in thousands)	2,111,689	2,111,689	2,255,190	2,253,689	2,253,689	1,732,712	-	-
Reference price ²	4.320	6.150	12.16	8.590	5.650	9.320	9.320	9.320
Announcement Date	3/29/20	3/9/21	3/21/22	3/28/23	3/26/24	-	-	-

¹HKD in Million²HKD

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	11,980	19,485	22,868	15,709	19,891	21,411	25,939
EBITDA ¹	-	2,150	4,975	6,954	2,026	3,976	4,741	4,604
EBIT ¹	-	1,337	4,090	5,869	709.8	2,064	2,574	3,221
Operating Margin	-	11.16%	20.99%	25.67%	4.52%	10.38%	12.02%	12.42%
Earnings before Tax (EBT) ¹	-	-	3,990	5,852	708	2,390	2,803	3,431
Net income ¹	1,598	921	2,552	4,402	767.2	1,720	2,063	2,844
Net margin	-	7.69%	13.1%	19.25%	4.88%	8.65%	9.63%	10.96%
EPS ²	0.7647	-	1.205	1.975	0.3468	0.8686	1.111	1.486
Free Cash Flow	-	-	-51.91	1,401	-	-	-	-
FCF margin	-	-	-0.27%	6.13%	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	20.15%	-	-	-	-
FCF Conversion (Net income)	-	-	-	31.83%	-	-	-	-
Dividend per Share ²	-	-	0.3400	0.6000	0.1000	0.2763	0.3397	0.3540
Announcement Date	3/29/20	3/9/21	3/21/22	3/28/23	3/26/24	-	-	-

¹HKD in Million²HKD

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	-	-	5,464	6,020	2,726	3,074	4,030	5,373
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-51.9	1,401	-	-	-	-
ROE (net income / shareholders' equity)	-	-	19.2%	26.4%	4.58%	10%	11.2%	12.9%
ROA (Net income/ Total Assets)	-	-	10.7%	16.7%	3.04%	6.65%	7.03%	9.4%
Assets ¹	-	-	23,811	26,402	25,251	25,860	29,331	30,254
Book Value Per Share ²	-	-	7.170	8.220	7.300	8.770	10.30	11.40
Cash Flow per Share ²	-	-	2.210	2.580	-	0.5100	5.040	-0.3700
Capex ¹	-	-	4,736	4,356	-	2,051	1,969	1,954
Capex / Sales	-	-	24.31%	19.05%	-	10.31%	9.2%	7.53%
Announcement Date	3/29/20	3/9/21	3/21/22	3/28/23	3/26/24	-	-	-

¹HKD in Million²HKD

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

9.32 HKD

Average target price

12.57 HKD

Spread / Average Target

+34.87%

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