Financials Build King Holdings Limited

Equities

240

BMG1675M1064

Construction & Engineering

Market Closed - Hong Kong S.E. 04:08:22 2024-04-29 am EDT 5-day change 1st Jan Change
1.06 HKD +1.92% Intraday chart for Build King Holdings Limited -5.36% -7.83%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 993.5 1,105 1,242 1,167 1,043 1,428
Enterprise Value (EV) 1 -36.56 -302.6 -254.6 -111.1 -1,048 581.2
P/E ratio 2.41 x 3.73 x 2.82 x 3.96 x 2.4 x 3.02 x
Yield 5.5% 5.39% 7% 6.38% 12.5% 10.4%
Capitalization / Revenue 0.16 x 0.15 x 0.16 x 0.12 x 0.08 x 0.11 x
EV / Revenue -0.01 x -0.04 x -0.03 x -0.01 x -0.08 x 0.05 x
EV / EBITDA -0.05 x -0.64 x -0.64 x -0.24 x -1.48 x 0.69 x
EV / FCF -0.07 x -0.58 x 2.88 x 0.89 x -1.65 x -1.79 x
FCF Yield -1,392% -171% 34.8% 113% -60.5% -55.9%
Price to Book 1.06 x 0.94 x 0.79 x 0.66 x 0.5 x 0.6 x
Nbr of stocks (in thousands) 1,241,878 1,241,878 1,241,878 1,241,878 1,241,878 1,241,878
Reference price 2 0.8000 0.8900 1.000 0.9400 0.8400 1.150
Announcement Date 4/11/19 4/16/20 4/21/21 4/21/22 4/17/23 4/18/24
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 6,305 7,568 7,628 10,030 12,423 12,507
EBITDA 1 710.7 470.4 398.1 458 706.8 845.9
EBIT 1 520.7 361.3 333.2 347 544.2 762.4
Operating Margin 8.26% 4.77% 4.37% 3.46% 4.38% 6.1%
Earnings before Tax (EBT) 1 532.9 375.8 467.6 376.9 551.5 641
Net income 1 412.2 296.4 440.9 294.5 434.3 473.5
Net margin 6.54% 3.92% 5.78% 2.94% 3.5% 3.79%
EPS 2 0.3319 0.2387 0.3550 0.2372 0.3497 0.3813
Free Cash Flow 1 508.9 518.7 -88.49 -125 634 -324.9
FCF margin 8.07% 6.85% -1.16% -1.25% 5.1% -2.6%
FCF Conversion (EBITDA) 71.59% 110.28% - - 89.71% -
FCF Conversion (Net income) 123.45% 174.99% - - 145.98% -
Dividend per Share 2 0.0440 0.0480 0.0700 0.0600 0.1050 0.1200
Announcement Date 4/11/19 4/16/20 4/21/21 4/21/22 4/17/23 4/18/24
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 1,030 1,408 1,497 1,278 2,091 847
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 509 519 -88.5 -125 634 -325
ROE (net income / shareholders' equity) 49.9% 28% 31.7% 17.2% 21.8% 20.6%
ROA (Net income/ Total Assets) 8.1% 4.72% 3.89% 3.45% 4.71% 6.09%
Assets 1 5,089 6,278 11,341 8,535 9,224 7,771
Book Value Per Share 2 0.7600 0.9500 1.270 1.420 1.690 1.910
Cash Flow per Share 2 0.8800 1.360 1.220 1.410 1.640 1.050
Capex 1 23.4 73.7 232 220 97.7 54.7
Capex / Sales 0.37% 0.97% 3.04% 2.2% 0.79% 0.44%
Announcement Date 4/11/19 4/16/20 4/21/21 4/21/22 4/17/23 4/18/24
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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