Market Closed -
Hong Kong S.E.
04:08:20 2024-04-26 am EDT
|
5-day change
|
1st Jan Change
|
3.02
HKD
|
+3.42%
|
|
+10.62%
|
-9.58%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
65,580
|
66,164
|
65,703
|
47,751
|
25,606
|
23,580
|
-
|
-
|
Enterprise Value (EV)
1 |
225,429
|
214,846
|
199,994
|
198,014
|
185,206
|
193,274
|
189,130
|
197,162
|
P/E ratio
|
5.98
x
|
5.27
x
|
4.05
x
|
6
x
|
6.75
x
|
5.81
x
|
3.84
x
|
3.74
x
|
Yield
|
4.5%
|
5.99%
|
8.9%
|
6.68%
|
7.54%
|
8.29%
|
12.1%
|
12.3%
|
Capitalization / Revenue
|
0.26
x
|
0.26
x
|
0.24
x
|
0.21
x
|
0.12
x
|
0.11
x
|
0.1
x
|
0.1
x
|
EV / Revenue
|
0.89
x
|
0.84
x
|
0.73
x
|
0.86
x
|
0.88
x
|
0.92
x
|
0.82
x
|
0.82
x
|
EV / EBITDA
|
4.72
x
|
4.46
x
|
3.88
x
|
5.55
x
|
5.77
x
|
5.8
x
|
4.96
x
|
5.5
x
|
EV / FCF
|
5.51
x
|
4.78
x
|
8.9
x
|
274
x
|
24.1
x
|
18.6
x
|
11.5
x
|
-
|
FCF Yield
|
18.1%
|
20.9%
|
11.2%
|
0.37%
|
4.16%
|
5.38%
|
8.72%
|
-
|
Price to Book
|
0.81
x
|
0.61
x
|
0.55
x
|
0.39
x
|
0.21
x
|
0.21
x
|
0.21
x
|
0.2
x
|
Nbr of stocks (in thousands)
|
8,434,771
|
8,434,771
|
8,434,771
|
8,434,771
|
8,434,771
|
8,434,771
|
-
|
-
|
Reference price
2 |
7.775
|
7.844
|
7.790
|
5.661
|
3.036
|
2.796
|
2.796
|
2.796
|
Announcement Date
|
3/23/20
|
3/26/21
|
3/25/22
|
3/24/23
|
3/28/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
253,403
|
254,762
|
273,683
|
230,168
|
210,216
|
210,331
|
229,731
|
240,973
|
EBITDA
1 |
47,767
|
48,225
|
51,506
|
35,656
|
32,092
|
33,305
|
38,169
|
35,839
|
EBIT
1 |
33,743
|
36,858
|
38,452
|
20,326
|
12,630
|
16,166
|
22,355
|
21,280
|
Operating Margin
|
13.32%
|
14.47%
|
14.05%
|
8.83%
|
6.01%
|
7.69%
|
9.73%
|
8.83%
|
Earnings before Tax (EBT)
1 |
27,448
|
30,035
|
33,588
|
17,433
|
12,520
|
12,344
|
17,399
|
17,307
|
Net income
1 |
10,974
|
12,553
|
16,218
|
7,962
|
3,863
|
4,011
|
7,000
|
6,638
|
Net margin
|
4.33%
|
4.93%
|
5.93%
|
3.46%
|
1.84%
|
1.91%
|
3.05%
|
2.75%
|
EPS
2 |
1.301
|
1.488
|
1.923
|
0.9440
|
0.4500
|
0.4814
|
0.7283
|
0.7468
|
Free Cash Flow
1 |
40,882
|
44,941
|
22,465
|
723.1
|
7,697
|
10,392
|
16,493
|
-
|
FCF margin
|
16.13%
|
17.64%
|
8.21%
|
0.31%
|
3.66%
|
4.94%
|
7.18%
|
-
|
FCF Conversion (EBITDA)
|
85.59%
|
93.19%
|
43.62%
|
2.03%
|
23.99%
|
31.2%
|
43.21%
|
-
|
FCF Conversion (Net income)
|
372.53%
|
358.02%
|
138.51%
|
9.08%
|
199.25%
|
259.07%
|
235.62%
|
-
|
Dividend per Share
2 |
0.3500
|
0.4700
|
0.6930
|
0.3780
|
0.2290
|
0.2318
|
0.3387
|
0.3440
|
Announcement Date
|
3/23/20
|
3/26/21
|
3/25/22
|
3/24/23
|
3/28/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2020 S2
|
2021 S1
|
2021 S2
|
2022 Q1
|
2022 Q2
|
2022 S1
|
2022 S2
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 S2
|
2024 S1
|
2024 S2
|
2025 S1
|
---|
Net sales
|
141,240
|
106,788
|
147,974
|
121,870
|
151,813
|
48,154
|
-
|
108,963
|
121,205
|
-
|
-
|
102,374
|
107,843
|
97,999
|
116,231
|
103,213
|
EBITDA
|
-
|
22,671
|
25,554
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
|
17,450
|
-
|
-
|
19,540
|
18,912
|
3,689
|
-
|
12,517
|
7,809
|
-
|
-
|
7,470
|
6,316
|
6,779
|
7,989
|
8,189
|
Operating Margin
|
12.35%
|
-
|
-
|
16.03%
|
12.46%
|
7.66%
|
-
|
11.49%
|
6.44%
|
-
|
-
|
7.3%
|
5.86%
|
6.92%
|
6.87%
|
7.93%
|
Earnings before Tax (EBT)
|
14,788
|
13,444
|
16,591
|
-
|
-
|
-
|
-
|
-
|
-
|
244.3
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
1 |
5,207
|
5,387
|
7,166
|
7,959
|
-
|
1,761
|
3,687
|
5,448
|
-
|
-527.7
|
1,932
|
1,404
|
-
|
-
|
-
|
-
|
Net margin
|
3.69%
|
5.04%
|
4.84%
|
6.53%
|
-
|
3.66%
|
-
|
5%
|
-
|
-
|
-
|
1.37%
|
-
|
-
|
-
|
-
|
EPS
|
0.6170
|
0.6390
|
0.8490
|
0.9440
|
0.9790
|
-
|
-
|
0.6460
|
0.2980
|
-
|
-
|
0.1660
|
0.2840
|
0.1500
|
0.3500
|
0.3400
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
3/23/20
|
8/28/20
|
3/26/21
|
8/27/21
|
3/25/22
|
4/29/22
|
8/26/22
|
8/26/22
|
3/24/23
|
4/28/23
|
8/25/23
|
8/25/23
|
3/28/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
159,849
|
148,682
|
134,291
|
150,263
|
159,600
|
169,694
|
165,550
|
173,582
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
3.346
x
|
3.083
x
|
2.607
x
|
4.214
x
|
4.973
x
|
5.095
x
|
4.337
x
|
4.843
x
|
Free Cash Flow
1 |
40,882
|
44,941
|
22,465
|
723
|
7,697
|
10,392
|
16,493
|
-
|
ROE (net income / shareholders' equity)
|
14.4%
|
11.9%
|
14.2%
|
6.61%
|
3.14%
|
3.71%
|
5.6%
|
5.48%
|
ROA (Net income/ Total Assets)
|
2.49%
|
2.78%
|
3.53%
|
1.68%
|
0.79%
|
1.85%
|
2.21%
|
1.91%
|
Assets
1 |
441,528
|
451,401
|
459,592
|
473,233
|
489,117
|
216,807
|
317,004
|
347,513
|
Book Value Per Share
2 |
9.560
|
12.90
|
14.10
|
14.40
|
14.60
|
13.10
|
13.40
|
13.70
|
Cash Flow per Share
2 |
7.510
|
7.610
|
5.940
|
3.120
|
3.440
|
3.600
|
4.330
|
-
|
Capex
1 |
22,466
|
19,288
|
27,625
|
25,627
|
21,328
|
21,408
|
22,085
|
16,643
|
Capex / Sales
|
8.87%
|
7.57%
|
10.09%
|
11.13%
|
10.15%
|
10.18%
|
9.61%
|
6.91%
|
Announcement Date
|
3/23/20
|
3/26/21
|
3/25/22
|
3/24/23
|
3/28/24
|
-
|
-
|
-
|
Last Close Price
2.796
CNY Average target price
4.394
CNY Spread / Average Target +57.16% Consensus |
1st Jan change
|
Capi.
|
---|
| -9.58% | 3.25B | | +21.26% | 37.34B | | +15.08% | 34.54B | | -7.64% | 33.53B | | +9.73% | 19.06B | | +21.33% | 18.67B | | +17.64% | 18.51B | | +6.96% | 11.93B | | +4.00% | 7.02B | | +18.24% | 4.43B |
Other Construction Materials
|