Financials Far East Horizon Limited

Equities

3360

HK0000077468

Corporate Financial Services

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
5.73 HKD +1.24% Intraday chart for Far East Horizon Limited +3.06% -6.68%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,712 4,099 3,829 3,371 3,393 3,159 - -
Enterprise Value (EV) 1 26,142 33,074 37,562 37,643 3,393 35,635 38,230 41,795
P/E ratio 5.83 x 5.84 x 4.52 x 4.03 x 4.25 x 3.56 x 3.34 x 3.1 x
Yield 4.54% 4.49% 6.05% 7.99% - 8.97% 9.91% 10.4%
Capitalization / Revenue 0.98 x 0.93 x 0.73 x 0.63 x 0.64 x 0.57 x 0.54 x 0.5 x
EV / Revenue 6.9 x 7.48 x 7.11 x 7.07 x 0.64 x 6.44 x 6.48 x 6.68 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.87 x 0.79 x 0.59 x 0.51 x - 0.41 x 0.38 x 0.35 x
Nbr of stocks (in thousands) 3,960,819 3,977,655 4,313,988 4,315,510 4,315,136 4,315,136 - -
Reference price 2 0.9371 1.031 0.8877 0.7811 0.7863 0.7320 0.7320 0.7320
Announcement Date 3/24/20 3/30/21 3/16/22 3/15/23 3/13/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,788 4,420 5,280 5,327 5,287 5,531 5,900 6,260
EBITDA - - - - - - - -
EBIT 1 1,399 1,712 2,063 1,811 1,478 1,690 1,796 1,967
Operating Margin 36.93% 38.73% 39.07% 34% 27.96% 30.56% 30.45% 31.42%
Earnings before Tax (EBT) 1 1,008 1,143 1,572 1,502 1,452 1,495 1,591 1,726
Net income 1 611.8 696.4 865.1 892.8 862.5 884.6 951.2 1,026
Net margin 16.15% 15.76% 16.38% 16.76% 16.31% 15.99% 16.12% 16.4%
EPS 2 0.1608 0.1766 0.1962 0.1936 0.1852 0.2055 0.2192 0.2363
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.0426 0.0463 0.0537 0.0624 - 0.0657 0.0726 0.0762
Announcement Date 3/24/20 3/30/21 3/16/22 3/15/23 3/13/24 - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 22,430 28,975 33,733 34,272 - 32,476 35,072 38,636
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 15% 14.2% 14.6% 14.1% - 12.2% 12% 11.7%
ROA (Net income/ Total Assets) 1.83% 1.8% 1.96% 1.93% - 1.77% 1.8% 1.82%
Assets 1 33,429 38,691 44,140 46,257 - 50,008 52,782 56,336
Book Value Per Share 2 1.080 1.310 1.520 1.530 - 1.770 1.910 2.070
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 3/24/20 3/30/21 3/16/22 3/15/23 3/13/24 - - -
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
B
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
0.732 USD
Average target price
1.051 USD
Spread / Average Target
+43.57%
Consensus

Annual profits - Rate of surprise

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