Market Closed -
Hong Kong S.E.
04:08:20 2024-04-26 am EDT
|
5-day change
|
1st Jan Change
|
24.7
HKD
|
-0.80%
|
|
+4.44%
|
-3.52%
|
Fiscal Period: December |
2018
|
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
---|
Capitalization
1 |
68,944
|
95,188
|
95,453
|
101,932
|
67,801
|
57,156
|
57,156
|
-
|
Enterprise Value (EV)
1 |
67,262
|
90,174
|
90,712
|
100,864
|
79,080
|
71,984
|
71,069
|
72,326
|
P/E ratio
|
15.2
x
|
18.4
x
|
17.9
x
|
15.6
x
|
14
x
|
11.1
x
|
10.3
x
|
9.21
x
|
Yield
|
2.48%
|
2.03%
|
2.25%
|
2.88%
|
3.58%
|
4.52%
|
4.83%
|
5.45%
|
Capitalization / Revenue
|
1.35
x
|
1.7
x
|
1.71
x
|
1.3
x
|
0.72
x
|
0.58
x
|
0.54
x
|
0.51
x
|
EV / Revenue
|
1.31
x
|
1.62
x
|
1.62
x
|
1.29
x
|
0.84
x
|
0.71
x
|
0.68
x
|
0.64
x
|
EV / EBITDA
|
7.3
x
|
8.94
x
|
8.52
x
|
7.67
x
|
7.03
x
|
6.45
x
|
5.28
x
|
4.99
x
|
EV / FCF
|
23.4
x
|
19.7
x
|
21.5
x
|
37.3
x
|
-41.9
x
|
113
x
|
21.7
x
|
20.1
x
|
FCF Yield
|
4.28%
|
5.07%
|
4.66%
|
2.68%
|
-2.39%
|
0.88%
|
4.61%
|
4.98%
|
Price to Book
|
2.81
x
|
3.48
x
|
2.63
x
|
2.42
x
|
1.72
x
|
1.32
x
|
1.29
x
|
1.21
x
|
Nbr of stocks (in thousands)
|
2,224,013
|
2,224,013
|
2,314,013
|
2,314,013
|
2,314,013
|
2,314,013
|
2,314,013
|
-
|
Reference price
2 |
31.00
|
42.80
|
41.25
|
44.05
|
29.30
|
24.70
|
24.70
|
24.70
|
Announcement Date
|
3/22/19
|
3/27/20
|
3/26/21
|
3/18/22
|
3/31/23
|
3/28/24
|
-
|
-
|
Fiscal Period: December |
2018
|
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
---|
Net sales
1 |
51,165
|
55,835
|
55,864
|
78,175
|
94,338
|
101,272
|
104,903
|
112,278
|
EBITDA
1 |
9,212
|
10,091
|
10,643
|
13,144
|
11,255
|
11,163
|
13,464
|
14,495
|
EBIT
1 |
7,530
|
8,169
|
8,524
|
8,712
|
7,895
|
7,102
|
9,566
|
10,482
|
Operating Margin
|
14.72%
|
14.63%
|
15.26%
|
11.14%
|
8.37%
|
7.01%
|
9.12%
|
9.34%
|
Earnings before Tax (EBT)
1 |
7,877
|
8,391
|
8,990
|
11,184
|
8,616
|
8,909
|
9,616
|
10,580
|
Net income
1 |
4,450
|
5,043
|
5,151
|
6,395
|
4,733
|
5,224
|
5,554
|
6,204
|
Net margin
|
8.7%
|
9.03%
|
9.22%
|
8.18%
|
5.02%
|
5.16%
|
5.29%
|
5.53%
|
EPS
2 |
2.040
|
2.320
|
2.310
|
2.820
|
2.090
|
2.300
|
2.406
|
2.683
|
Free Cash Flow
1 |
2,879
|
4,571
|
4,227
|
2,707
|
-1,887
|
635.2
|
3,279
|
3,602
|
FCF margin
|
5.63%
|
8.19%
|
7.57%
|
3.46%
|
-2%
|
0.66%
|
3.13%
|
3.21%
|
FCF Conversion (EBITDA)
|
31.25%
|
45.3%
|
39.72%
|
20.6%
|
-
|
4.85%
|
24.35%
|
24.85%
|
FCF Conversion (Net income)
|
64.69%
|
90.64%
|
82.06%
|
42.33%
|
-
|
11.06%
|
59.04%
|
58.06%
|
Dividend per Share
2 |
0.7700
|
0.8700
|
0.9300
|
1.270
|
1.050
|
1.157
|
1.192
|
1.346
|
Announcement Date
|
3/22/19
|
3/27/20
|
3/26/21
|
3/18/22
|
3/31/23
|
3/28/24
|
-
|
-
|
Fiscal Period: December |
2019 S1
|
2019 S2
|
2020 S1
|
2020 S2
|
2021 S1
|
2021 S2
|
2022 S1
|
2022 S2
|
2023 S1
|
2023 S2
|
---|
Net sales
1 |
28,173
|
27,663
|
22,572
|
33,292
|
34,416
|
43,759
|
48,101
|
46,238
|
48,370
|
52,902
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
4,449
|
3,720
|
3,735
|
4,790
|
5,273
|
4,121
|
4,790
|
3,106
|
-
|
2,713
|
Operating Margin
|
15.79%
|
13.45%
|
16.55%
|
14.39%
|
15.32%
|
9.42%
|
9.96%
|
6.72%
|
-
|
5.13%
|
Earnings before Tax (EBT)
1 |
-
|
-
|
-
|
5,002
|
-
|
-
|
5,147
|
-
|
5,592
|
3,317
|
Net income
1 |
2,928
|
2,115
|
2,396
|
2,755
|
3,250
|
-
|
3,045
|
1,688
|
3,545
|
1,678
|
Net margin
|
10.39%
|
7.65%
|
10.62%
|
8.27%
|
9.44%
|
-
|
6.33%
|
3.65%
|
7.33%
|
3.17%
|
EPS
2 |
1.340
|
-
|
-
|
-
|
1.430
|
-
|
-
|
-
|
-
|
0.7400
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
1.007
|
Announcement Date
|
8/23/19
|
3/27/20
|
8/25/20
|
3/26/21
|
8/20/21
|
3/18/22
|
8/26/22
|
3/31/23
|
8/25/23
|
3/28/24
|
Fiscal Period: December |
2018
|
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
11,279
|
12,745
|
13,912
|
15,170
|
Net Cash position
1 |
1,683
|
5,013
|
4,741
|
1,068
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
1.002
x
|
1.142
x
|
1.033
x
|
1.047
x
|
Free Cash Flow
1 |
2,879
|
4,571
|
4,227
|
2,707
|
-1,887
|
635
|
3,279
|
3,602
|
ROE (net income / shareholders' equity)
|
19.3%
|
19.8%
|
16.3%
|
16.5%
|
11.7%
|
13%
|
12.2%
|
12.5%
|
ROA (Net income/ Total Assets)
|
6.25%
|
6.52%
|
5.86%
|
6.4%
|
4.34%
|
4.18%
|
4.14%
|
4.34%
|
Assets
1 |
71,202
|
77,298
|
87,848
|
100,004
|
109,093
|
125,089
|
134,131
|
142,956
|
Book Value Per Share
2 |
11.00
|
12.30
|
15.70
|
18.20
|
17.00
|
18.70
|
19.20
|
20.40
|
Cash Flow per Share
2 |
3.830
|
3.900
|
3.860
|
3.700
|
1.920
|
4.480
|
4.800
|
5.340
|
Capex
1 |
5,463
|
3,920
|
4,389
|
5,683
|
6,239
|
7,740
|
6,860
|
7,296
|
Capex / Sales
|
10.68%
|
7.02%
|
7.86%
|
7.27%
|
6.61%
|
8.01%
|
6.54%
|
6.5%
|
Announcement Date
|
3/22/19
|
3/27/20
|
3/26/21
|
3/18/22
|
3/31/23
|
3/28/24
|
-
|
-
|
Last Close Price
24.7
HKD Average target price
27.89
HKD Spread / Average Target +12.92% Consensus |
1st Jan change
|
Capi.
|
---|
| -3.52% | 7.3B | | 0.00% | 14.25B | | +16.26% | 9.6B | | +7.95% | 8.41B | | +5.35% | 7.53B | | +28.95% | 5.72B | | -28.15% | 5.56B | | +18.39% | 5.37B | | +3.17% | 5.32B | | +19.48% | 4.55B |
Natural Gas Distribution
|