HKBN LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.52 HKD | -16.56% |
|
-13.40% | -27.79% |
| Apr. 26 | Transcript : HKBN Ltd., H1 2024 Earnings Call, Apr 26, 2024 | |
| Apr. 26 | HKBN Ltd. Recommends Interim Dividend for the Six Months Ended February 29, 2024, Payable on June 5, 2024 | CI |
Valuation
| Fiscal Period: August | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 18,441 | 19,044 | 11,857 | 9,837 | 4,958 | 3,961 | - | - |
| Enterprise Value (EV) 1 | 27,402 | 28,855 | 22,454 | 20,437 | 15,434 | 14,006 | 13,828 | 13,641 |
| P/E ratio | 76.4 x | 220 x | 64.6 x | 20.1 x | -3.91 x | 302 x | 24.9 x | 14.4 x |
| Yield | 4.98% | 5.17% | 8.46% | 8% | 10.6% | 10.1% | 11.4% | 12.9% |
| Capitalization / Revenue | 3.61 x | 2.01 x | 1.03 x | 0.85 x | 0.42 x | 0.36 x | 0.36 x | 0.35 x |
| EV / Revenue | 5.36 x | 3.05 x | 1.96 x | 1.76 x | 1.32 x | 1.29 x | 1.25 x | 1.21 x |
| EV / EBITDA | 16 x | 11.5 x | 8.74 x | 7.83 x | 6.74 x | 6.09 x | 5.79 x | 5.58 x |
| EV / FCF | 29.2 x | 25.9 x | 19.8 x | 18 x | 20.2 x | 24.8 x | 24.4 x | 23.4 x |
| FCF Yield | 3.42% | 3.86% | 5.04% | 5.54% | 4.95% | 4.03% | 4.09% | 4.27% |
| Price to Book | 1.9 x | 2.95 x | 2.14 x | 2 x | 1.62 x | 1.62 x | 1.83 x | 1.98 x |
| Nbr of stocks (in thousands) | 1,311,599 | 1,311,599 | 1,311,599 | 1,311,599 | 1,311,599 | 1,311,599 | - | - |
| Reference price 2 | 14.06 | 14.52 | 9.040 | 7.500 | 3.780 | 3.020 | 3.020 | 3.020 |
| Announcement Date | 10/24/19 | 10/29/20 | 10/28/21 | 10/27/22 | 11/1/23 | - | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: August | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,108 | 9,453 | 11,464 | 11,626 | 11,692 | 10,888 | 11,019 | 11,257 |
| EBITDA 1 | 1,709 | 2,505 | 2,569 | 2,609 | 2,290 | 2,299 | 2,387 | 2,443 |
| EBIT 1 | 890.8 | 921.3 | 1,100 | 1,249 | 1,004 | 835.2 | 985.3 | 1,116 |
| Operating Margin | 17.44% | 9.75% | 9.59% | 10.74% | 8.59% | 7.67% | 8.94% | 9.91% |
| Earnings before Tax (EBT) 1 | 309.4 | 92.1 | 325.3 | 712.2 | -1,231 | 265.6 | 443.8 | 659.8 |
| Net income | 241.5 | 96.61 | 206.9 | 553.3 | -1,267 | - | 324.3 | 509.9 |
| Net margin | 4.73% | 1.02% | 1.8% | 4.76% | -10.84% | - | 2.94% | 4.53% |
| EPS 2 | 0.1840 | 0.0660 | 0.1400 | 0.3740 | -0.9670 | 0.0100 | 0.1214 | 0.2103 |
| Free Cash Flow 1 | 938.3 | 1,114 | 1,132 | 1,133 | 763.2 | 565 | 566 | 582 |
| FCF margin | 18.37% | 11.79% | 9.87% | 9.74% | 6.53% | 5.19% | 5.14% | 5.17% |
| FCF Conversion (EBITDA) | 54.89% | 44.47% | 44.05% | 43.41% | 33.33% | 24.58% | 23.71% | 23.82% |
| FCF Conversion (Net income) | 388.49% | 1,153.23% | 546.98% | 204.68% | - | - | 174.51% | 114.15% |
| Dividend per Share 2 | 0.7000 | 0.7500 | 0.7650 | 0.6000 | 0.4000 | 0.3046 | 0.3434 | 0.3906 |
| Announcement Date | 10/24/19 | 10/29/20 | 10/28/21 | 10/27/22 | 11/1/23 | - | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: August | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,889 | 4,457 | 4,996 | 6,230 | 5,234 | 6,803 | 4,823 |
| EBITDA 1 | - | - | - | - | - | - | 1,290 |
| EBIT | - | - | - | 562.8 | 537.1 | 638.2 | - |
| Operating Margin | - | - | - | 9.03% | 10.26% | 9.38% | - |
| Earnings before Tax (EBT) | - | - | - | - | - | 384.7 | - |
| Net income | - | - | - | - | - | 304.3 | - |
| Net margin | - | - | - | - | - | 4.47% | - |
| EPS | -0.0150 | 0.0890 | -0.0230 | 0.0330 | 0.1070 | - | - |
| Dividend per Share | 0.3600 | - | - | - | - | - | - |
| Announcement Date | 10/24/19 | 4/22/20 | 10/29/20 | 4/21/21 | 10/28/21 | 5/5/22 | 10/27/22 |
1HKD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: August | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 8,961 | 9,811 | 10,597 | 10,600 | 10,476 | 10,045 | 9,867 | 9,680 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.242 x | 3.916 x | 4.126 x | 4.063 x | 4.575 x | 4.37 x | 4.133 x | 3.962 x |
| Free Cash Flow 1 | 938 | 1,114 | 1,132 | 1,133 | 763 | 565 | 566 | 582 |
| ROE (net income / shareholders' equity) | 5.69% | 8.63% | 12.6% | 10.6% | 4.88% | 4.99% | 12.4% | 18% |
| ROA (Net income/ Total Assets) | 1.79% | 2.82% | 3.44% | 2.62% | 1.01% | 1.5% | 1.7% | 2.2% |
| Assets | 13,478 | 3,421 | 6,006 | 21,097 | -125,598 | - | 19,079 | 23,176 |
| Book Value Per Share 2 | 7.420 | 4.930 | 4.230 | 3.760 | 2.330 | 1.860 | 1.650 | 1.520 |
| Cash Flow per Share 2 | 1.160 | 1.310 | 1.590 | 1.260 | 1.510 | 0.8500 | 0.9500 | 1.020 |
| Capex 1 | 414 | 541 | 590 | 540 | 512 | 477 | 482 | 523 |
| Capex / Sales | 8.1% | 5.72% | 5.14% | 4.64% | 4.38% | 4.38% | 4.37% | 4.65% |
| Announcement Date | 10/24/19 | 10/29/20 | 10/28/21 | 10/27/22 | 11/1/23 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
HOLD
Number of Analysts
5
Last Close Price
3.02
HKD
Average target price
3.372
HKD
Spread / Average Target
+11.66%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -27.79% | 506M | |
| +2.62% | 192B | |
| +2.56% | 120B | |
| +23.66% | 72.46B | |
| -2.36% | 57.97B | |
| +20.82% | 23.92B | |
| +2.13% | 23.3B | |
| +8.40% | 16.07B | |
| -10.14% | 15.66B | |
| +4.97% | 9.6B |
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- Financials HKBN Ltd.
