Financials E-Commodities Holdings Limited

Equities

1733

VGG2921V1067

Coal

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
1.64 HKD +1.86% Intraday chart for E-Commodities Holdings Limited -1.20% +5.81%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 2,435 1,104 1,049 1,120 3,345 4,289
Enterprise Value (EV) 1 4,109 2,561 3,356 1,505 1,527 3,218
P/E ratio 2.74 x 1.39 x 3.57 x 2.43 x 1.04 x 2.66 x
Yield 9.23% 20% - - 25.8% 9.18%
Capitalization / Revenue 0.12 x 0.03 x 0.03 x 0.05 x 0.08 x 0.12 x
EV / Revenue 0.2 x 0.08 x 0.11 x 0.07 x 0.04 x 0.09 x
EV / EBITDA 3.46 x 2.37 x 5.89 x 1.87 x 0.34 x 1.42 x
EV / FCF -2.33 x -30.4 x 4.44 x 0.72 x 1.39 x 3.8 x
FCF Yield -43% -3.29% 22.5% 140% 72.1% 26.3%
Price to Book 0.91 x 0.34 x 0.32 x 0.29 x 0.46 x 0.6 x
Nbr of stocks (in thousands) 3,121,874 3,066,722 3,041,198 3,026,882 2,858,794 2,714,728
Reference price 2 0.7800 0.3600 0.3450 0.3700 1.170 1.580
Announcement Date 4/30/18 4/24/19 4/27/20 4/29/21 4/25/22 4/17/23
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 20,878 32,817 30,052 21,977 41,184 34,414
EBITDA 1 1,188 1,082 569.3 803.6 4,529 2,271
EBIT 1 1,154 1,035 505.1 730.7 4,384 2,099
Operating Margin 5.53% 3.15% 1.68% 3.32% 10.64% 6.1%
Earnings before Tax (EBT) 1 1,013 923.7 325 552.2 4,070 2,039
Net income 1 904.7 879.8 312.4 462.4 3,462 1,666
Net margin 4.33% 2.68% 1.04% 2.1% 8.41% 4.84%
EPS 2 0.2850 0.2589 0.0966 0.1520 1.128 0.5938
Free Cash Flow 1 -1,766 -84.25 756.5 2,103 1,101 846.7
FCF margin -8.46% -0.26% 2.52% 9.57% 2.67% 2.46%
FCF Conversion (EBITDA) - - 132.88% 261.7% 24.32% 37.29%
FCF Conversion (Net income) - - 242.16% 454.82% 31.81% 50.83%
Dividend per Share 2 0.0720 0.0720 - - 0.3020 0.1450
Announcement Date 4/30/18 4/24/19 4/27/20 4/29/21 4/25/22 4/17/23
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 1,674 1,457 2,307 385 - -
Net Cash position 1 - - - - 1,817 1,071
Leverage (Debt/EBITDA) 1.409 x 1.346 x 4.052 x 0.479 x - -
Free Cash Flow 1 -1,766 -84.2 757 2,103 1,101 847
ROE (net income / shareholders' equity) 42.3% 31.4% 9.99% 13% 61.9% 23.2%
ROA (Net income/ Total Assets) 14.7% 9.22% 3.69% 5.07% 22.7% 9.13%
Assets 1 6,176 9,537 8,467 9,120 15,252 18,250
Book Value Per Share 2 0.8600 1.060 1.070 1.300 2.520 2.630
Cash Flow per Share 2 0.1800 0.2300 0.2300 0.2400 1.140 0.8600
Capex 1 166 227 282 467 647 633
Capex / Sales 0.8% 0.69% 0.94% 2.13% 1.57% 1.84%
Announcement Date 4/30/18 4/24/19 4/27/20 4/29/21 4/25/22 4/17/23
1HKD in Million2HKD
Estimates
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