Financials Anxian Yuan China Holdings Limited

Equities

922

BMG0400Q1197

Personal Services

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
0.165 HKD +3.12% Intraday chart for Anxian Yuan China Holdings Limited +3.77% +7.14%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 503.6 207.4 99.52 308 375.4 333.2
Enterprise Value (EV) 1 708.6 383.8 186.9 182.9 214.5 37.32
P/E ratio 28.8 x 12.1 x 1.64 x 3.31 x 5.13 x 3.18 x
Yield - - - 12.5% 10.7% 13.3%
Capitalization / Revenue 2.44 x 0.93 x 0.35 x 1.03 x 1.21 x 0.98 x
EV / Revenue 3.43 x 1.72 x 0.65 x 0.61 x 0.69 x 0.11 x
EV / EBITDA 9.73 x 6.74 x 1.83 x 1.39 x 1.69 x 0.24 x
EV / FCF 363 x 20.6 x 2.29 x 2.62 x 3.58 x 0.24 x
FCF Yield 0.28% 4.86% 43.7% 38.1% 27.9% 425%
Price to Book 0.79 x 0.34 x 0.15 x 0.36 x 0.39 x 0.34 x
Nbr of stocks (in thousands) 740,545 740,545 888,545 2,139,116 2,221,363 2,221,363
Reference price 2 0.6800 0.2800 0.1120 0.1440 0.1690 0.1500
Announcement Date 7/19/18 7/11/19 7/16/20 7/16/21 7/20/22 7/25/23
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 206.6 223.1 287 298.7 310.9 340.5
EBITDA 1 72.82 56.94 102 132 127 154
EBIT 1 53.04 35.66 78.98 111.2 105.1 133.5
Operating Margin 25.67% 15.98% 27.52% 37.21% 33.81% 39.21%
Earnings before Tax (EBT) 1 39.04 35.4 76.67 114.2 108 146
Net income 1 16.73 17.08 53.64 80.3 73.12 104.9
Net margin 8.1% 7.66% 18.69% 26.88% 23.52% 30.81%
EPS 2 0.0236 0.0231 0.0685 0.0435 0.0329 0.0472
Free Cash Flow 1 1.953 18.67 81.64 69.69 59.95 158.7
FCF margin 0.95% 8.37% 28.45% 23.33% 19.28% 46.62%
FCF Conversion (EBITDA) 2.68% 32.78% 80.05% 52.81% 47.22% 103.06%
FCF Conversion (Net income) 11.67% 109.28% 152.2% 86.8% 81.98% 151.3%
Dividend per Share - - - 0.0180 0.0180 0.0200
Announcement Date 7/19/18 7/11/19 7/16/20 7/16/21 7/20/22 7/25/23
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 205 176 87.4 - - -
Net Cash position 1 - - - 125 161 296
Leverage (Debt/EBITDA) 2.816 x 3.099 x 0.8567 x - - -
Free Cash Flow 1 1.95 18.7 81.6 69.7 60 159
ROE (net income / shareholders' equity) 2.78% 2.53% 7.85% 10.1% 7.35% 10.5%
ROA (Net income/ Total Assets) 2.82% 1.95% 4.55% 5.76% 4.9% 6.25%
Assets 1 592.2 878 1,178 1,393 1,492 1,680
Book Value Per Share 2 0.8600 0.8300 0.7300 0.4000 0.4300 0.4400
Cash Flow per Share 2 0.0600 0.0500 0.0900 0.1200 0.0900 0.1300
Capex 1 27.1 8.3 6.72 4.44 2.3 0.48
Capex / Sales 13.1% 3.72% 2.34% 1.48% 0.74% 0.14%
Announcement Date 7/19/18 7/11/19 7/16/20 7/16/21 7/20/22 7/25/23
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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