Financials Fairwood Holdings Limited

Equities

52

BMG3305Y1619

Restaurants & Bars

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
8 HKD +0.25% Intraday chart for Fairwood Holdings Limited -0.37% -12.85%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 3,936 3,557 1,909 2,205 1,969 1,526
Enterprise Value (EV) 1 3,401 3,026 2,856 2,784 2,598 2,006
P/E ratio 18.4 x 19.9 x 31.4 x 14.4 x 46.2 x 34 x
Yield 4.61% 4.27% 4.95% 5.29% 4.28% 4.92%
Capitalization / Revenue 1.39 x 1.2 x 0.63 x 0.83 x 0.68 x 0.5 x
EV / Revenue 1.2 x 1.02 x 0.94 x 1.05 x 0.9 x 0.66 x
EV / EBITDA 9.82 x 9.14 x 12.2 x 9.53 x 16.6 x 10.8 x
EV / FCF 24.7 x 32.6 x 6.17 x 5.96 x 6.66 x 3.72 x
FCF Yield 4.04% 3.06% 16.2% 16.8% 15% 26.9%
Price to Book 5.16 x 4.57 x 2.65 x 2.83 x 2.76 x 2.24 x
Nbr of stocks (in thousands) 127,793 128,650 129,533 129,533 129,553 129,553
Reference price 2 30.80 27.65 14.74 17.02 15.20 11.78
Announcement Date 7/30/18 7/30/19 7/30/20 7/29/21 7/28/22 7/28/23
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: März 2018 2019 2020 2021 2022 2023
Net sales 1 2,841 2,971 3,030 2,646 2,882 3,024
EBITDA 1 346.3 331.1 233.3 292.3 156.4 185.2
EBIT 1 247.7 225.8 129.4 191.4 65.48 96.1
Operating Margin 8.72% 7.6% 4.27% 7.23% 2.27% 3.18%
Earnings before Tax (EBT) 1 255 215.2 72.08 138.4 47.8 51.66
Net income 1 216.1 179.9 60.87 153.6 42.64 44.88
Net margin 7.61% 6.06% 2.01% 5.8% 1.48% 1.48%
EPS 2 1.671 1.390 0.4696 1.186 0.3291 0.3464
Free Cash Flow 1 137.4 92.68 462.8 467 389.9 538.7
FCF margin 4.84% 3.12% 15.27% 17.64% 13.53% 17.81%
FCF Conversion (EBITDA) 39.68% 28% 198.37% 159.75% 249.25% 290.86%
FCF Conversion (Net income) 63.6% 51.5% 760.37% 303.98% 914.38% 1,200.39%
Dividend per Share 2 1.420 1.180 0.7300 0.9000 0.6500 0.5800
Announcement Date 7/30/18 7/30/19 7/30/20 7/29/21 7/28/22 7/28/23
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - - 947 580 629 480
Net Cash position 1 535 532 - - - -
Leverage (Debt/EBITDA) - - 4.06 x 1.983 x 4.022 x 2.59 x
Free Cash Flow 1 137 92.7 463 467 390 539
ROE (net income / shareholders' equity) 29.2% 23.4% 8.12% 20.5% 5.72% 6.44%
ROA (Net income/ Total Assets) 12.4% 11% 4.06% 4.64% 1.71% 2.59%
Assets 1 1,742 1,637 1,500 3,311 2,493 1,733
Book Value Per Share 2 5.970 6.040 5.560 6.000 5.510 5.250
Cash Flow per Share 2 1.350 4.040 3.950 4.750 4.300 4.530
Capex 1 148 115 128 110 76.5 99
Capex / Sales 5.2% 3.87% 4.22% 4.15% 2.65% 3.27%
Announcement Date 7/30/18 7/30/19 7/30/20 7/29/21 7/28/22 7/28/23
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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