Financials Able Engineering Holdings Limited

Equities

1627

KYG0R8151046

Construction & Engineering

Market Closed - Hong Kong S.E. 04:09:00 2024-05-03 am EDT 5-day change 1st Jan Change
0.4 HKD 0.00% Intraday chart for Able Engineering Holdings Limited 0.00% +9.59%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 1,160 990 680 850 720 740
Enterprise Value (EV) 1 -18.19 85.04 169.5 790.8 -74.76 -365.6
P/E ratio 6.63 x 7 x 28.4 x 8.98 x 5.86 x 4.25 x
Yield 8.62% 8.08% - 5.88% 9.72% 13.5%
Capitalization / Revenue 0.37 x 0.42 x 0.44 x 0.23 x 0.13 x 0.15 x
EV / Revenue -0.01 x 0.04 x 0.11 x 0.21 x -0.01 x -0.07 x
EV / EBITDA -0.09 x 0.47 x 2.49 x 9.59 x -0.45 x -1.58 x
EV / FCF -0.04 x -0.39 x -0.48 x -1.72 x -0.09 x -0.64 x
FCF Yield -2,491% -254% -210% -58.2% -1,079% -156%
Price to Book 0.99 x 0.75 x 0.54 x 0.63 x 0.51 x 0.49 x
Nbr of stocks (in thousands) 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000
Reference price 2 0.5800 0.4950 0.3400 0.4250 0.3600 0.3700
Announcement Date 7/20/18 7/26/19 7/24/20 7/27/21 7/25/22 7/27/23
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 3,112 2,385 1,548 3,705 5,578 5,079
EBITDA 1 207.1 181.7 68.06 82.44 167 231.8
EBIT 1 204.3 154.7 66.24 81.85 166.4 231.3
Operating Margin 6.56% 6.49% 4.28% 2.21% 2.98% 4.55%
Earnings before Tax (EBT) 1 208.9 170.4 39.6 112.8 155.9 220.3
Net income 1 175 141.4 23.98 94.7 122.9 174.1
Net margin 5.62% 5.93% 1.55% 2.56% 2.2% 3.43%
EPS 2 0.0875 0.0707 0.0120 0.0474 0.0614 0.0870
Free Cash Flow 1 453 -216 -355.3 -459.9 806.9 572.2
FCF margin 14.56% -9.05% -22.95% -12.41% 14.47% 11.26%
FCF Conversion (EBITDA) 218.75% - - - 483.19% 246.8%
FCF Conversion (Net income) 258.92% - - - 656.63% 328.7%
Dividend per Share 2 0.0500 0.0400 - 0.0250 0.0350 0.0500
Announcement Date 7/20/18 7/26/19 7/24/20 7/27/21 7/25/22 7/27/23
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 1,178 905 511 59.2 795 1,106
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 453 -216 -355 -460 807 572
ROE (net income / shareholders' equity) 16.1% 11.4% 1.87% 7.27% 8.87% 11.8%
ROA (Net income/ Total Assets) 7.38% 4.92% 2.09% 2.05% 2.97% 3.38%
Assets 1 2,372 2,876 1,149 4,615 4,131 5,149
Book Value Per Share 2 0.5900 0.6600 0.6300 0.6700 0.7100 0.7600
Cash Flow per Share 2 0.5900 0.4500 0.3100 0.4500 0.7500 0.8600
Capex 1 114 600 3.23 583 58.6 194
Capex / Sales 3.67% 25.14% 0.21% 15.73% 1.05% 3.82%
Announcement Date 7/20/18 7/26/19 7/24/20 7/27/21 7/25/22 7/27/23
1HKD in Million2HKD
Estimates
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