Financials Hanison Construction Holdings Limited

Equities

896

KYG428581030

Construction & Engineering

Market Closed - Hong Kong S.E. 04:08:22 2024-04-29 am EDT 5-day change 1st Jan Change
0.58 HKD +3.57% Intraday chart for Hanison Construction Holdings Limited -3.33% -21.62%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 1,496 1,473 1,233 1,389 1,349 1,266
Enterprise Value (EV) 1 810.4 941.2 2,652 3,867 2,541 2,392
P/E ratio 2.36 x 2.46 x 5.57 x 5 x 8.78 x -33.1 x
Yield 5.03% 5.56% 6.64% 5.95% 6.15% 6.47%
Capitalization / Revenue 0.53 x 0.76 x 1.29 x 0.96 x 0.94 x 1.03 x
EV / Revenue 0.28 x 0.48 x 2.77 x 2.66 x 1.77 x 1.94 x
EV / EBITDA 6.66 x -95.5 x -104 x -102 x -48.1 x -413 x
EV / FCF -10.5 x 3.05 x -4.47 x -13.5 x -11.8 x 165 x
FCF Yield -9.56% 32.8% -22.4% -7.38% -8.51% 0.61%
Price to Book 0.4 x 0.39 x 0.31 x 0.34 x 0.32 x 0.31 x
Nbr of stocks (in thousands) 1,046,177 1,090,832 1,090,925 1,102,125 1,105,586 1,091,039
Reference price 2 1.430 1.350 1.130 1.260 1.220 1.160
Announcement Date 7/19/18 7/24/19 7/22/20 7/19/21 7/19/22 7/25/23
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 2,850 1,948 958.2 1,452 1,438 1,233
EBITDA 1 121.6 -9.854 -25.49 -37.9 -52.8 -5.786
EBIT 1 102.5 -39.36 -54.68 -64.04 -73.04 -22.72
Operating Margin 3.6% -2.02% -5.71% -4.41% -5.08% -1.84%
Earnings before Tax (EBT) 1 648.3 628.6 231.8 273.2 162.7 -35.95
Net income 1 616.3 578 221.4 275 154.3 -38.43
Net margin 21.63% 29.67% 23.1% 18.94% 10.73% -3.12%
EPS 2 0.6070 0.5492 0.2029 0.2519 0.1390 -0.0350
Free Cash Flow 1 -77.44 308.4 -592.7 -285.4 -216.1 14.5
FCF margin -2.72% 15.83% -61.86% -19.66% -15.02% 1.18%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - 53.35% - - - -
Dividend per Share 2 0.0720 0.0750 0.0750 0.0750 0.0750 0.0750
Announcement Date 7/19/18 7/24/19 7/22/20 7/19/21 7/19/22 7/25/23
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - - 1,419 2,479 1,192 1,126
Net Cash position 1 686 531 - - - -
Leverage (Debt/EBITDA) - - -55.67 x -65.4 x -22.58 x -194.7 x
Free Cash Flow 1 -77.4 308 -593 -285 -216 14.5
ROE (net income / shareholders' equity) 18.1% 15.1% 5.75% 6.82% 3.7% -0.93%
ROA (Net income/ Total Assets) 1.24% -0.46% -0.58% -0.55% -0.61% -0.22%
Assets 1 49,726 -124,654 -38,188 -50,327 -25,105 17,437
Book Value Per Share 2 3.560 3.460 3.600 3.750 3.810 3.730
Cash Flow per Share 2 1.020 0.8000 0.2300 0.6400 0.5400 0.3700
Capex 1 24.6 8.51 15.4 7.3 1.28 28.9
Capex / Sales 0.86% 0.44% 1.61% 0.5% 0.09% 2.35%
Announcement Date 7/19/18 7/24/19 7/22/20 7/19/21 7/19/22 7/25/23
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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