FULLSHARE HOLDINGS LIMITED |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.425 HKD | 0.00% |
|
0.00% | -32.54% |
| Mar. 28 | Fullshare Holdings Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Mar. 25 | Fullshare Holdings Flags Swing to Loss in 2023 | MT |
Valuation
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 59,157 | 31,183 | 3,167 | 3,148 | 1,749 | 2,482 |
| Enterprise Value (EV) 1 | 60,556 | 33,699 | 6,407 | 3,474 | 3,746 | 5,545 |
| P/E ratio | 26.1 x | -10.3 x | -1.1 x | -3.52 x | -0.65 x | -13.1 x |
| Yield | 0.5% | - | - | - | - | - |
| Capitalization / Revenue | 5.37 x | 3.03 x | 0.28 x | 0.19 x | 0.08 x | 0.11 x |
| EV / Revenue | 5.49 x | 3.28 x | 0.57 x | 0.21 x | 0.18 x | 0.26 x |
| EV / EBITDA | 39 x | 35.4 x | 5.4 x | 1.96 x | 1.88 x | 2.04 x |
| EV / FCF | -154 x | 18.3 x | 3.09 x | 1.07 x | 32.1 x | -2.48 x |
| FCF Yield | -0.65% | 5.46% | 32.4% | 93.1% | 3.12% | -40.3% |
| Price to Book | 2.47 x | 1.51 x | 0.18 x | 0.18 x | 0.12 x | 0.21 x |
| Nbr of stocks (in thousands) | 394,581 | 394,581 | 393,757 | 393,757 | 393,757 | 530,294 |
| Reference price 2 | 149.9 | 79.03 | 8.043 | 7.996 | 4.441 | 4.681 |
| Announcement Date | 4/18/18 | 4/26/19 | 4/27/20 | 4/28/21 | 4/29/22 | 4/27/23 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net sales 1 | 11,026 | 10,289 | 11,163 | 16,171 | 21,292 | 21,718 |
| EBITDA 1 | 1,553 | 950.8 | 1,186 | 1,770 | 1,993 | 2,716 |
| EBIT 1 | 808.6 | 272.5 | 575.5 | 1,212 | 1,409 | 2,140 |
| Operating Margin | 7.33% | 2.65% | 5.16% | 7.49% | 6.62% | 9.85% |
| Earnings before Tax (EBT) 1 | 3,113 | -3,542 | -3,214 | -297.4 | -2,052 | 714.7 |
| Net income 1 | 2,267 | -3,030 | -2,874 | -894.3 | -2,685 | -161 |
| Net margin | 20.56% | -29.45% | -25.75% | -5.53% | -12.61% | -0.74% |
| EPS 2 | 5.742 | -7.679 | -7.300 | -2.271 | -6.820 | -0.3560 |
| Free Cash Flow 1 | -392.3 | 1,840 | 2,074 | 3,234 | 116.8 | -2,236 |
| FCF margin | -3.56% | 17.88% | 18.58% | 20% | 0.55% | -10.3% |
| FCF Conversion (EBITDA) | - | 193.51% | 174.86% | 182.73% | 5.86% | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share 2 | 0.7500 | - | - | - | - | - |
| Announcement Date | 4/18/18 | 4/26/19 | 4/27/20 | 4/28/21 | 4/29/22 | 4/27/23 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 1,399 | 2,516 | 3,240 | 326 | 1,998 | 3,063 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.9004 x | 2.646 x | 2.732 x | 0.1841 x | 1.002 x | 1.128 x |
| Free Cash Flow 1 | -392 | 1,840 | 2,074 | 3,234 | 117 | -2,236 |
| ROE (net income / shareholders' equity) | 7.98% | -12% | -12.7% | -3.35% | -12% | 1.48% |
| ROA (Net income/ Total Assets) | 0.98% | 0.33% | 0.77% | 1.73% | 1.98% | 2.65% |
| Assets 1 | 230,690 | -929,434 | -374,976 | -51,590 | -135,939 | -6,068 |
| Book Value Per Share 2 | 60.80 | 52.50 | 44.70 | 43.60 | 36.00 | 22.70 |
| Cash Flow per Share 2 | 13.20 | 6.430 | 7.100 | 6.330 | 8.820 | 8.550 |
| Capex 1 | 607 | 557 | 835 | 571 | 1,114 | 2,623 |
| Capex / Sales | 5.5% | 5.42% | 7.48% | 3.53% | 5.23% | 12.08% |
| Announcement Date | 4/18/18 | 4/26/19 | 4/27/20 | 4/28/21 | 4/29/22 | 4/27/23 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -32.54% | 34.55M | |
| +20.48% | 90.86B | |
| +43.58% | 24.55B | |
| +36.08% | 16.28B | |
| +22.94% | 10.21B | |
| +6.13% | 8.52B | |
| +28.03% | 8.09B | |
| +1.95% | 7.54B | |
| +161.16% | 6.83B | |
| +51.72% | 5.29B |
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