Financials HENGXIN T

Equities

1085

SG1T38930320

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
1.26 HKD +2.44% Intraday chart for HENGXIN T +7.69% -1.56%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 664.4 790.6 682.5 1,280 1,748 451.4
Enterprise Value (EV) 1 0.7544 85.8 -394.5 558.6 801.3 262.4
P/E ratio 5.62 x 6.98 x 11.1 x 18 x 27.5 x 6.48 x
Yield 2.67% 1.43% 0.9% - - -
Capitalization / Revenue 0.42 x 0.55 x 0.6 x 0.79 x 0.86 x 0.2 x
EV / Revenue 0 x 0.06 x -0.35 x 0.34 x 0.39 x 0.12 x
EV / EBITDA 0 x 0.6 x -5.21 x 6.18 x 6.57 x 1.28 x
EV / FCF 0.01 x 7.37 x -1.14 x -1.51 x 1.92 x -1.34 x
FCF Yield 13,080% 13.6% -87.6% -66% 52.2% -74.4%
Price to Book 0.42 x 0.47 x 0.39 x 0.71 x 0.94 x 0.23 x
Nbr of stocks (in thousands) 388,000 388,000 388,000 388,000 388,000 388,000
Reference price 2 1.712 2.038 1.759 3.300 4.504 1.163
Announcement Date 3/21/19 3/25/20 3/23/21 3/23/22 3/24/23 3/28/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,587 1,429 1,139 1,626 2,040 2,256
EBITDA 1 165.3 143.9 75.68 90.4 122 205
EBIT 1 140.1 124.8 49.83 72.99 90.58 126.1
Operating Margin 8.83% 8.73% 4.37% 4.49% 4.44% 5.59%
Earnings before Tax (EBT) 1 140.6 130 72.6 73.66 76.95 125.5
Net income 1 118.3 113.5 61.3 71.3 63.6 69.7
Net margin 7.45% 7.94% 5.38% 4.39% 3.12% 3.09%
EPS 2 0.3048 0.2920 0.1580 0.1838 0.1639 0.1796
Free Cash Flow 1 98.67 11.65 345.7 -368.8 418.3 -195.1
FCF margin 6.22% 0.82% 30.35% -22.68% 20.51% -8.65%
FCF Conversion (EBITDA) 59.68% 8.09% 456.85% - 342.93% -
FCF Conversion (Net income) 83.43% 10.26% 564.03% - 657.71% -
Dividend per Share 2 0.0457 0.0292 0.0158 - - -
Announcement Date 3/21/19 3/25/20 3/23/21 3/23/22 3/24/23 3/28/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 664 705 1,077 722 946 189
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 98.7 11.6 346 -369 418 -195
ROE (net income / shareholders' equity) 7.71% 6.94% 3.54% 3.58% 3.7% 4.5%
ROA (Net income/ Total Assets) 4.53% 3.6% 1.41% 1.94% 2.26% 2.32%
Assets 1 2,612 3,150 4,350 3,677 2,820 3,003
Book Value Per Share 2 4.090 4.340 4.460 4.620 4.790 4.960
Cash Flow per Share 2 2.520 1.590 2.290 1.410 2.270 2.440
Capex 1 15 18.6 17.4 20.6 57.2 23.8
Capex / Sales 0.95% 1.3% 1.53% 1.27% 2.81% 1.05%
Announcement Date 3/21/19 3/25/20 3/23/21 3/23/22 3/24/23 3/28/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise