Financials Crystal International Group Limited

Equities

2232

KYG2701R1011

Apparel & Accessories

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
3.97 HKD +3.93% Intraday chart for Crystal International Group Limited +5.31% +36.90%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 1,446 1,176 875.8 958.8 887.7 1,447 1,447 -
Enterprise Value (EV) 1 1,582 1,186 670.8 725.1 887.7 516.1 945 849.5
P/E ratio 9.69 x 7.73 x 8.1 x 5.88 x 5.14 x 6.48 x 7.62 x 6.79 x
Yield 3.12% 3.91% 3.69% 5.23% - 6.2% 5.46% 6.83%
Capitalization / Revenue 0.58 x 0.48 x 0.44 x 0.41 x 0.36 x 0.49 x 0.59 x 0.53 x
EV / Revenue 0.63 x 0.49 x 0.34 x 0.31 x 0.36 x 0.24 x 0.38 x 0.31 x
EV / EBITDA 6.11 x 4.14 x 2.79 x 2.62 x 2.81 x 1.77 x 3.02 x 2.45 x
EV / FCF 26.8 x 5.84 x 2.52 x 5.83 x - 7.26 x 6.9 x 4.05 x
FCF Yield 3.74% 17.1% 39.6% 17.2% - 13.8% 14.5% 24.7%
Price to Book 1.46 x 1.08 x 0.75 x 0.74 x - 1.02 x 0.95 x 0.87 x
Nbr of stocks (in thousands) 2,852,822 2,852,822 2,852,822 2,852,822 2,852,822 2,852,822 2,852,822 -
Reference price 2 0.5070 0.4121 0.3070 0.3361 0.3112 0.5071 0.5071 0.5071
Announcement Date 3/13/19 3/19/20 3/18/21 3/16/22 3/23/23 3/21/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 2,496 2,428 1,985 2,341 2,491 2,177 2,471 2,731
EBITDA 1 259 286.7 240.6 276.6 315.7 291.9 312.5 347.1
EBIT 1 186.2 189.1 143.6 183.7 223.1 207.5 222.5 250.2
Operating Margin 7.46% 7.79% 7.23% 7.85% 8.96% 9.53% 9.01% 9.16%
Earnings before Tax (EBT) 1 170 174.3 123.1 191.8 212.7 195.1 226.9 254.7
Net income 1 149.2 151.9 108.1 163.1 172.7 163.5 188.4 208.9
Net margin 5.98% 6.26% 5.44% 6.97% 6.93% 7.51% 7.62% 7.65%
EPS 2 0.0523 0.0533 0.0379 0.0572 0.0605 0.0573 0.0666 0.0746
Free Cash Flow 1 59.14 203.2 265.9 124.5 - 143.5 137 210
FCF margin 2.37% 8.37% 13.39% 5.32% - 6.42% 5.54% 7.69%
FCF Conversion (EBITDA) 22.83% 70.88% 110.51% 44.99% - 48.47% 43.83% 60.49%
FCF Conversion (Net income) 39.64% 133.75% 245.99% 76.31% - 84.87% 72.73% 100.54%
Dividend per Share 2 0.0158 0.0161 0.0113 0.0176 - 0.0230 0.0277 0.0346
Announcement Date 3/13/19 3/19/20 3/18/21 3/16/22 3/23/23 3/21/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S1 2019 S2 2023 S1 2023 S2
Net sales 1 1,143 1,284 - 1,168
EBITDA 1 - 161.1 - 151.3
EBIT 1 - 110.8 - 110.3
Operating Margin - 8.63% - 9.45%
Earnings before Tax (EBT) 1 - 104.1 - 104.8
Net income 1 - 91.84 73,642 89.84
Net margin - 7.15% - 7.69%
EPS - - 0.0258 -
Dividend per Share - - - -
Announcement Date 8/21/19 3/19/20 8/23/23 3/21/24
1USD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 136 10.6 - - - - - -
Net Cash position 1 - - 205 234 - 543 502 597
Leverage (Debt/EBITDA) 0.5239 x 0.037 x - - - - - -
Free Cash Flow 1 59.1 203 266 124 - 144 137 210
ROE (net income / shareholders' equity) 15.7% 14.6% 10.6% 13.3% - 11.8% 12.8% 13.4%
ROA (Net income/ Total Assets) 8.15% 8.31% - - - 8.45% 9.36% 9.75%
Assets 1 1,831 1,828 - - - 1,935 2,012 2,142
Book Value Per Share 2 0.3500 0.3800 0.4100 0.4500 - 0.5000 0.5300 0.5800
Cash Flow per Share 2 0.0800 0.1100 0.1100 0.0700 - 0.0800 0.0800 0.0900
Capex 1 172 110 58 65.4 - 119 137 131
Capex / Sales 6.88% 4.54% 2.92% 2.79% - 5.34% 5.56% 4.8%
Announcement Date 3/13/19 3/19/20 3/18/21 3/16/22 3/23/23 3/21/24 - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
0.5071 USD
Average target price
0.5743 USD
Spread / Average Target
+13.25%
Consensus

Quarterly revenue - Rate of surprise

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