EMPEROR ENTERTAINMENT HOTEL LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.41 HKD | +5.13% |
|
+10.81% | -1.20% |
| Jan. 26 | Emperor International Raises Proposed Service Fees From SJM Resorts | MT |
| 2023 | Emperor Entertainment Hotel Returns to Profit in Fiscal H1 | MT |
Valuation
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,136 | 2,064 | 1,333 | 1,282 | 826.1 | 677.4 |
| Enterprise Value (EV) 1 | -1,490 | -924.9 | -2,189 | -1,928 | -88.49 | 307.1 |
| P/E ratio | 5.43 x | 5.74 x | 5.08 x | -7.3 x | -1.56 x | -6.92 x |
| Yield | 5.06% | 5% | 5.56% | 2.83% | 2.17% | - |
| Capitalization / Revenue | 1.43 x | 1.49 x | 1.17 x | 4.25 x | 1.99 x | 2.33 x |
| EV / Revenue | -0.99 x | -0.67 x | -1.91 x | -6.39 x | -0.21 x | 1.05 x |
| EV / EBITDA | -3.02 x | -2.51 x | -8.58 x | 8.45 x | 0.46 x | -1.94 x |
| EV / FCF | -3.75 x | 22.6 x | -12.6 x | 9.55 x | 1.17 x | -3.26 x |
| FCF Yield | -26.7% | 4.43% | -7.94% | 10.5% | 85.4% | -30.7% |
| Price to Book | 0.54 x | 0.45 x | 0.28 x | 0.29 x | 0.22 x | 0.18 x |
| Nbr of stocks (in thousands) | 1,302,546 | 1,258,826 | 1,234,241 | 1,209,576 | 1,197,306 | 1,188,491 |
| Reference price 2 | 1.640 | 1.640 | 1.080 | 1.060 | 0.6900 | 0.5700 |
| Announcement Date | 7/9/18 | 7/2/19 | 7/10/20 | 7/12/21 | 7/13/22 | 7/20/23 |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Marzo | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,498 | 1,381 | 1,143 | 301.9 | 415.9 | 291.1 |
| EBITDA 1 | 493.8 | 368 | 255 | -228.1 | -194.1 | -158.7 |
| EBIT 1 | 384.4 | 264.8 | 156.4 | -322.5 | -330.8 | -272.2 |
| Operating Margin | 25.66% | 19.17% | 13.68% | -106.84% | -79.53% | -93.51% |
| Earnings before Tax (EBT) 1 | 468.9 | 367.5 | 206.7 | -304.3 | -724.9 | -181.2 |
| Net income 1 | 393.6 | 367.5 | 263.9 | -177.6 | -528.3 | -98.19 |
| Net margin | 26.27% | 26.6% | 23.09% | -58.83% | -127.03% | -33.73% |
| EPS 2 | 0.3022 | 0.2859 | 0.2126 | -0.1453 | -0.4411 | -0.0823 |
| Free Cash Flow 1 | 397.7 | -40.99 | 173.9 | -202 | -75.61 | -94.29 |
| FCF margin | 26.54% | -2.97% | 15.21% | -66.92% | -18.18% | -32.39% |
| FCF Conversion (EBITDA) | 80.54% | - | 68.19% | - | - | - |
| FCF Conversion (Net income) | 101.04% | - | 65.88% | - | - | - |
| Dividend per Share 2 | 0.0830 | 0.0820 | 0.0600 | 0.0300 | 0.0150 | - |
| Announcement Date | 7/9/18 | 7/2/19 | 7/10/20 | 7/12/21 | 7/13/22 | 7/20/23 |
1HKD in Million2HKD
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 3,627 | 2,989 | 3,522 | 3,210 | 915 | 370 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 398 | -41 | 174 | -202 | -75.6 | -94.3 |
| ROE (net income / shareholders' equity) | 8.94% | 7.66% | 5.01% | -4.04% | -12.8% | -2.8% |
| ROA (Net income/ Total Assets) | 3.51% | 2.52% | 1.56% | -3.32% | -3.79% | -3.45% |
| Assets 1 | 11,218 | 14,555 | 16,897 | 5,351 | 13,927 | 2,848 |
| Book Value Per Share 2 | 3.060 | 3.640 | 3.810 | 3.670 | 3.170 | 3.110 |
| Cash Flow per Share 2 | 2.380 | 2.100 | 2.080 | 1.540 | 0.5600 | 0.3200 |
| Capex 1 | 58.1 | 87 | 75.4 | 20.2 | 11.4 | 14.5 |
| Capex / Sales | 3.88% | 6.3% | 6.59% | 6.68% | 2.75% | 4.99% |
| Announcement Date | 7/9/18 | 7/2/19 | 7/10/20 | 7/12/21 | 7/13/22 | 7/20/23 |
1HKD in Million2HKD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -1.20% | 62.25M | |
| -7.64% | 33.86B | |
| +5.24% | 10.74B | |
| -8.00% | 8.15B | |
| +15.79% | 2.59B | |
| -5.62% | 2.22B | |
| +2.64% | 2B | |
| 0.00% | 1.53B | |
| +9.80% | 1.37B | |
| -1.56% | 1.28B |
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