Financials Far East Consortium International Limited

Equities

Market Closed - Hong Kong S.E. Other stock markets 04:08:20 2024-04-26 am EDT			5-day change	1st Jan Change
1.05 ^HKD	+2.94%		+5.00%	-24.46%

Jan. 03	Far East Consortium International Limited Announces Interim Dividend for the Six Months Ended 30 September 2023, Payable on 16 February 2024	CI
2023	Far East Consortium International Limited Announces Executive Changes	CI

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	8,842	6,614	7,042	6,436	5,222	2,958	-
Enterprise Value (EV) ¹	8,842	6,614	28,371	6,436	5,222	27,355	25,305
P/E ratio	5.08 x	18.1 x	12.8 x	4.93 x	30.2 x	7.5 x	3.5 x
Yield	5.85%	6.79%	6.46%	-	-	13.3%	13.3%
Capitalization / Revenue	1.29 x	0.89 x	1.18 x	-	0.82 x	0.31 x	0.29 x
EV / Revenue	1.29 x	0.89 x	4.77 x	-	0.82 x	2.89 x	2.5 x
EV / EBITDA	4.37 x	4.01 x	20.2 x	-	3.28 x	12.7 x	12 x
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	-	0.6 x	-	-	-	-	-
Nbr of stocks (in thousands)	2,586,859	2,598,196	2,634,584	2,661,581	2,705,905	2,817,604	-
Reference price ²	3.418	2.545	2.673	2.418	1.930	1.050	1.050
Announcement Date	6/20/19	6/30/20	6/24/21	6/28/22	6/28/23	-	-

¹HKD in Million²HKD

Estimates

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	6,842	7,451	5,944	-	6,346	9,473	10,113
EBITDA ¹	2,023	1,649	1,407	-	1,594	2,159	2,101
EBIT ¹	-	1,187	934.3	-	-	1,696	1,619
Operating Margin	-	15.93%	15.72%	-	-	17.9%	16.01%
Earnings before Tax (EBT) ¹	2,312	837.3	1,266	-	-	805	1,250
Net income ¹	1,714	365.9	543.2	1,300	172.2	393	847
Net margin	25.05%	4.91%	9.14%	-	2.71%	4.15%	8.38%
EPS ²	0.6727	0.1409	0.2082	0.4909	0.0640	0.1400	0.3000
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	0.2000	0.1727	0.1727	-	-	0.1400	0.1400
Announcement Date	6/20/19	6/30/20	6/24/21	6/28/22	6/28/23	-	-

¹HKD in Million²HKD

Estimates

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	-	-	21,330	-	-	24,397	22,347
Net Cash position ¹	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	15.15 x	-	-	11.3 x	10.64 x
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	13%	2.98%	4.36%	-	-	3.2%	6.9%
ROA (Net income/ Total Assets)	4.66%	0.91%	-	-	-	0.8%	1.7%
Assets ¹	36,783	40,426	-	-	-	49,125	49,824
Book Value Per Share	-	4.270	-	-	-	-	-
Cash Flow per Share	-	-	-	-	-	-	-
Capex ¹	1,133	4,985	1,096	-	-	750	750
Capex / Sales	16.55%	66.91%	18.44%	-	-	7.92%	7.42%
Announcement Date	6/20/19	6/30/20	6/24/21	6/28/22	6/28/23	-	-

¹HKD in Million

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

B+

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

1.05 HKD

Average target price

2 HKD

Spread / Average Target

+90.48%

	1st Jan change	Capi.
FAR EAST CONSORTIUM INTERNATIONAL LIMITED	-24.46%	378M
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DLF LIMITED	+25.00%	26.95B
CHINA RESOURCES LAND LIMITED	-0.71%	25.32B
MITSUBISHI ESTATE CO., LTD.	+44.49%	22.58B
EMAAR PROPERTIES	+2.78%	19.59B
CHINA OVERSEAS LAND & INVESTMENT LTD.	+1.45%	19.52B
SUMITOMO REALTY & DEVELOPMENT CO., LTD.	+28.54%	16.23B
CK ASSET HOLDINGS LIMITED	-14.80%	14.98B