Financials Hi Sun Technology (China) Limited

Equities

818

BMG4512G1261

Business Support Services

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
0.485 HKD 0.00% Intraday chart for Hi Sun Technology (China) Limited +8.99% -6.73%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,805 3,610 2,805 2,860 2,360 1,427
Enterprise Value (EV) 1 81.54 -764.6 -942.9 -447.4 -897.2 -2,366
P/E ratio 10.6 x 6.85 x 4.91 x 0.83 x 2.72 x 3.9 x
Yield - - - - - -
Capitalization / Revenue 0.6 x 0.65 x 0.68 x 0.68 x 0.69 x 0.53 x
EV / Revenue 0.02 x -0.14 x -0.23 x -0.11 x -0.26 x -0.87 x
EV / EBITDA 0.15 x -0.8 x -1.6 x -0.72 x -1.91 x -18.6 x
EV / FCF 0.32 x -1.04 x 2.57 x 2.19 x -2.55 x -5.87 x
FCF Yield 308% -96.5% 38.9% 45.6% -39.2% -17%
Price to Book 0.64 x 0.77 x 0.51 x 0.45 x 0.35 x 0.2 x
Nbr of stocks (in thousands) 2,776,834 2,776,834 2,776,834 2,776,834 2,776,834 2,744,839
Reference price 2 1.010 1.300 1.010 1.030 0.8500 0.5200
Announcement Date 3/19/19 4/21/20 4/12/21 4/1/22 4/17/23 4/17/24
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 4,662 5,576 4,143 4,183 3,433 2,709
EBITDA 1 551.6 959.7 587.8 618.9 470.5 127.2
EBIT 1 251.7 597.3 362.9 381.2 328.4 28.08
Operating Margin 5.4% 10.71% 8.76% 9.11% 9.57% 1.04%
Earnings before Tax (EBT) 1 430.2 776.6 889.8 3,753 718.3 479
Net income 1 278.2 569.1 656.7 3,522 939.4 463.4
Net margin 5.97% 10.21% 15.85% 84.19% 27.37% 17.11%
EPS 2 0.0952 0.1899 0.2059 1.237 0.3129 0.1334
Free Cash Flow 1 251 737.9 -366.9 -204.2 351.4 402.9
FCF margin 5.38% 13.23% -8.85% -4.88% 10.24% 14.87%
FCF Conversion (EBITDA) 45.51% 76.89% - - 74.68% 316.78%
FCF Conversion (Net income) 90.24% 129.65% - - 37.4% 86.94%
Dividend per Share - - - - - -
Announcement Date 3/19/19 4/21/20 4/12/21 4/1/22 4/17/23 4/17/24
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 2,723 4,374 3,748 3,308 3,257 3,794
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 251 738 -367 -204 351 403
ROE (net income / shareholders' equity) 7.72% 13.9% 13.4% 52.3% 8.04% 6.71%
ROA (Net income/ Total Assets) 2.56% 5.05% 2.54% 2.32% 1.84% 0.14%
Assets 1 10,866 11,268 25,862 151,751 50,972 323,400
Book Value Per Share 2 1.580 1.690 2.000 2.310 2.410 2.610
Cash Flow per Share 2 0.9700 1.580 1.350 1.170 1.290 1.260
Capex 1 481 220 222 164 55.1 32.5
Capex / Sales 10.32% 3.94% 5.37% 3.91% 1.6% 1.2%
Announcement Date 3/19/19 4/21/20 4/12/21 4/1/22 4/17/23 4/17/24
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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