Financials Grand Pharmaceutical Group Limited

Equities

512

BMG210A71016

Pharmaceuticals

Delayed Hong Kong S.E. 10:49:56 2024-04-28 pm EDT 5-day change 1st Jan Change
4.38 HKD +1.39% Intraday chart for Grand Pharmaceutical Group Limited +9.77% +7.09%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 11,223 14,321 24,421 22,930 16,225 15,128 15,128 -
Enterprise Value (EV) 1 11,223 14,321 24,421 22,930 16,225 14,394 15,128 15,128
P/E ratio - - - - - 7.63 x 6.26 x 5.4 x
Yield - - - - 3.04% 6.36% 3.01% 3.7%
Capitalization / Revenue 1.88 x 2.17 x 3.84 x 2.67 x 1.7 x 1.37 x 1.25 x 1.11 x
EV / Revenue 1.88 x 2.17 x 3.84 x 2.67 x 1.7 x 1.37 x 1.25 x 1.11 x
EV / EBITDA - - 10,116,064 x 7,124,918 x - - - -
EV / FCF - - - 14.9 x 13.3 x 6.53 x 9.18 x 7.36 x
FCF Yield - - - 6.69% 7.5% 15.3% 10.9% 13.6%
Price to Book - - - 1.71 x 1.14 x 0.94 x 0.86 x 0.76 x
Nbr of stocks (in thousands) 3,134,826 3,377,571 3,549,571 3,549,571 3,527,141 3,501,810 3,501,810 -
Reference price 2 3.580 4.240 6.880 6.460 4.600 4.320 4.320 4.320
Announcement Date 3/26/19 3/27/20 4/28/21 3/17/22 3/22/23 3/19/24 - -
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 5,958 6,591 6,353 8,598 9,562 10,530 12,055 13,620
EBITDA - - 2,414 3,218 - - - -
EBIT 1 - 1,383 2,127 2,879 2,654 2,549 3,205 3,681
Operating Margin - 20.98% 33.48% 33.48% 27.76% 24.21% 26.59% 27.03%
Earnings before Tax (EBT) 1 - - - - - 2,344 2,988 3,463
Net income 1 - - - - - 1,880 2,445 2,835
Net margin - - - - - 17.85% 20.28% 20.81%
EPS 2 - - - - - 0.5360 0.6900 0.8000
Free Cash Flow 1 - - - 1,534 1,216 2,317 1,648 2,056
FCF margin - - - 17.84% 12.72% 21.85% 13.67% 15.1%
FCF Conversion (EBITDA) - - - 47.67% - - - -
FCF Conversion (Net income) - - - - - 109.04% 67.4% 72.52%
Dividend per Share 2 - - - - 0.1400 0.2600 0.1300 0.1600
Announcement Date 3/26/19 3/27/20 4/28/21 3/17/22 3/22/23 3/19/24 - -
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - - 1,534 1,216 2,317 1,648 2,056
ROE (net income / shareholders' equity) - - 18.3% 19.5% 15.1% 12.8% 14% 14%
ROA (Net income/ Total Assets) - - 11.6% 12.6% - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 - - - 3.770 4.020 4.330 5.030 5.670
Cash Flow per Share - - - - - - - -
Capex 1 373 566 209 472 626 600 800 1,000
Capex / Sales 6.26% 8.59% 3.29% 5.48% 6.55% 5.66% 6.64% 7.34%
Announcement Date 3/26/19 3/27/20 4/28/21 3/17/22 3/22/23 3/19/24 - -
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
4.32
Average target price
-
Consensus

Annual profits - Rate of surprise

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