Financials Frontier Services Group Limited

Equities

500

BMG3729C1001

Air Freight & Logistics

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
0.205 HKD +6.22% Intraday chart for Frontier Services Group Limited -4.21% -8.89%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 2,378 2,908 1,641 1,477 1,454 773.8
Enterprise Value (EV) 1 2,532 2,260 1,361 1,221 1,409 806.6
P/E ratio -10.4 x -9.11 x -4.63 x -6.48 x -9.1 x -26.7 x
Yield - - - - - -
Capitalization / Revenue 3.28 x 3.35 x 2.26 x 2.44 x 1.92 x 0.8 x
EV / Revenue 3.5 x 2.61 x 1.88 x 2.02 x 1.86 x 0.84 x
EV / EBITDA -16.3 x -11.2 x -5.4 x -7.11 x -15.4 x -16.8 x
EV / FCF -16.6 x -16.9 x -13.9 x 15.7 x -47.3 x -23.8 x
FCF Yield -6.04% -5.91% -7.21% 6.36% -2.12% -4.21%
Price to Book 9.02 x 2.73 x 2.28 x 2.9 x 3.78 x 2.2 x
Nbr of stocks (in thousands) 1,449,703 2,344,819 2,344,819 2,344,819 2,344,819 2,344,819
Reference price 2 1.640 1.240 0.7000 0.6300 0.6200 0.3300
Announcement Date 4/26/18 4/25/19 4/27/20 4/28/21 4/28/22 4/26/23
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 724.4 866.7 725.9 605.2 756.1 964.2
EBITDA 1 -155.5 -201.1 -251.9 -171.8 -91.2 -48.06
EBIT 1 -190.8 -238.3 -275.5 -191.9 -112.1 -74.5
Operating Margin -26.34% -27.5% -37.95% -31.7% -14.83% -7.73%
Earnings before Tax (EBT) 1 -233.1 -262.3 -371.5 -238.1 -142.8 -13.08
Net income 1 -223.8 -258.8 -354.8 -228 -159.7 -28.97
Net margin -30.89% -29.86% -48.87% -37.68% -21.12% -3%
EPS 2 -0.1584 -0.1361 -0.1513 -0.0972 -0.0681 -0.0124
Free Cash Flow 1 -152.8 -133.6 -98.22 77.71 -29.81 -33.95
FCF margin -21.1% -15.42% -13.53% 12.84% -3.94% -3.52%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 4/26/18 4/25/19 4/27/20 4/28/21 4/28/22 4/26/23
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 155 - - - - 32.8
Net Cash position 1 - 647 280 256 45 -
Leverage (Debt/EBITDA) -0.9942 x - - - - -0.6828 x
Free Cash Flow 1 -153 -134 -98.2 77.7 -29.8 -34
ROE (net income / shareholders' equity) -56.7% -32.5% -35.1% -31.1% -27.8% -5.38%
ROA (Net income/ Total Assets) -13.3% -12.5% -12.6% -11.1% -6.63% -4.11%
Assets 1 1,686 2,077 2,812 2,057 2,409 704.5
Book Value Per Share 2 0.1800 0.4500 0.3100 0.2200 0.1600 0.1500
Cash Flow per Share 2 0.0400 0.2900 0.1500 0.1400 0.1100 0.0800
Capex 1 10.1 14.4 20.3 14.8 34.3 14.2
Capex / Sales 1.39% 1.66% 2.8% 2.45% 4.54% 1.47%
Announcement Date 4/26/18 4/25/19 4/27/20 4/28/21 4/28/22 4/26/23
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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