Financials Asia Orient Holdings Limited

Equities

214

BMG0534H1189

Investment Management & Fund Operators

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
0.45 HKD 0.00% Intraday chart for Asia Orient Holdings Limited +8.43% +11.11%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 1,724 1,371 714.7 925 613.8 487.7
Enterprise Value (EV) 1 630.1 833 2,866 4,574 11,424 9,251
P/E ratio 2.13 x 1.7 x 1.29 x 0.92 x -0.68 x 1.14 x
Yield 1.17% 1.1% - 3.27% - -
Capitalization / Revenue 0.9 x 0.57 x 0.27 x 0.34 x 0.22 x 0.21 x
EV / Revenue 0.33 x 0.34 x 1.09 x 1.67 x 4.1 x 4.02 x
EV / EBITDA 0.47 x 0.45 x 1.42 x 1.97 x 4.75 x 5.27 x
EV / FCF -5.03 x 1.42 x 1.97 x 30 x -8.88 x -13.9 x
FCF Yield -19.9% 70.4% 50.9% 3.34% -11.3% -7.22%
Price to Book 0.14 x 0.1 x 0.06 x 0.06 x 0.06 x 0.04 x
Nbr of stocks (in thousands) 840,874 840,874 840,874 840,874 840,874 840,874
Reference price 2 2.050 1.630 0.8500 1.100 0.7300 0.5800
Announcement Date 7/30/18 7/30/19 7/30/20 7/29/21 7/28/22 7/28/23
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 1,925 2,420 2,632 2,740 2,789 2,303
EBITDA 1 1,335 1,851 2,012 2,325 2,406 1,757
EBIT 1 1,124 1,655 1,906 2,230 2,299 1,658
Operating Margin 58.38% 68.41% 72.42% 81.39% 82.45% 72.01%
Earnings before Tax (EBT) 1 1,521 1,526 919.5 1,781 -1,601 837
Net income 1 814.4 810.1 553.6 1,007 -905.8 428.7
Net margin 42.31% 33.48% 21.03% 36.74% -32.48% 18.62%
EPS 2 0.9636 0.9612 0.6583 1.197 -1.080 0.5099
Free Cash Flow 1 -125.3 586 1,458 152.5 -1,287 -667.6
FCF margin -6.51% 24.22% 55.39% 5.57% -46.14% -28.99%
FCF Conversion (EBITDA) - 31.65% 72.46% 6.56% - -
FCF Conversion (Net income) - 72.34% 263.37% 15.15% - -
Dividend per Share 2 0.0240 0.0180 - 0.0360 - -
Announcement Date 7/30/18 7/30/19 7/30/20 7/29/21 7/28/22 7/28/23
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - - 2,152 3,649 10,810 8,764
Net Cash position 1 1,094 538 - - - -
Leverage (Debt/EBITDA) - - 1.069 x 1.57 x 4.494 x 4.989 x
Free Cash Flow 1 -125 586 1,458 153 -1,287 -668
ROE (net income / shareholders' equity) 6.54% 6.15% 3.82% 6.76% -6.19% 3.39%
ROA (Net income/ Total Assets) 2.01% 2.52% 2.72% 3.02% 3.26% 2.52%
Assets 1 40,520 32,140 20,344 33,388 -27,762 17,002
Book Value Per Share 2 14.90 15.60 14.50 17.50 12.50 15.10
Cash Flow per Share 2 1.190 0.9500 1.330 2.590 1.050 1.230
Capex 1 141 96.1 70.4 92.6 276 54.4
Capex / Sales 7.32% 3.97% 2.67% 3.38% 9.9% 2.36%
Announcement Date 7/30/18 7/30/19 7/30/20 7/29/21 7/28/22 7/28/23
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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