Financials Hong Kong ChaoShang Group Limited

Equities

2322

BMG4584L1028

Electronic Equipment & Parts

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
0.61 HKD -4.69% Intraday chart for Hong Kong ChaoShang Group Limited -1.61% -34.41%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 2,356 2,613 3,420 4,244 3,461 2,884
Enterprise Value (EV) 1 2,124 2,421 3,253 4,000 3,251 2,761
P/E ratio -48.7 x -81.2 x -162 x -183 x -129 x -69.1 x
Yield - - - - - -
Capitalization / Revenue 5.08 x 24.1 x 14.3 x 12.6 x 20.4 x 14.5 x
EV / Revenue 4.59 x 22.4 x 13.6 x 11.8 x 19.2 x 13.9 x
EV / EBITDA -120 x -98.5 x 94.7 x -194 x -105 x -82.5 x
EV / FCF 21.1 x -1,891 x -24.8 x 164 x -69.3 x 62.8 x
FCF Yield 4.74% -0.05% -4.04% 0.61% -1.44% 1.59%
Price to Book 2.75 x 3.44 x 3.77 x 4.53 x 3.69 x 3.41 x
Nbr of stocks (in thousands) 3,680,600 3,680,600 4,120,600 4,120,600 4,120,600 4,120,600
Reference price 2 0.6400 0.7100 0.8300 1.030 0.8400 0.7000
Announcement Date 7/27/18 7/22/19 7/29/20 7/29/21 7/28/22 7/27/23
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 463.3 108.2 238.5 337.9 169.4 198.9
EBITDA 1 -17.77 -24.59 34.35 -20.65 -31.07 -33.46
EBIT 1 -24.31 -30.91 30.06 -26.18 -37.04 -38.74
Operating Margin -5.25% -28.56% 12.6% -7.75% -21.87% -19.48%
Earnings before Tax (EBT) 1 -47.83 -28.12 -9.91 -24.41 -26.39 -44.86
Net income 1 -48.41 -32.17 -19.47 -23.17 -26.84 -41.75
Net margin -10.45% -29.72% -8.16% -6.86% -15.85% -20.99%
EPS 2 -0.0132 -0.008739 -0.005128 -0.005622 -0.006514 -0.0101
Free Cash Flow 1 100.6 -1.28 -131.4 24.4 -46.88 44
FCF margin 21.72% -1.18% -55.11% 7.22% -27.68% 22.12%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 7/27/18 7/22/19 7/29/20 7/29/21 7/28/22 7/27/23
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 231 192 167 244 211 124
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 101 -1.28 -131 24.4 -46.9 44
ROE (net income / shareholders' equity) -6.37% -4.45% -2.73% -2.58% -2.94% -4.76%
ROA (Net income/ Total Assets) -1.41% -2.13% 2.03% -1.55% -2.22% -2.5%
Assets 1 3,443 1,511 -958.7 1,495 1,209 1,668
Book Value Per Share 2 0.2300 0.2100 0.2200 0.2300 0.2300 0.2100
Cash Flow per Share 2 0.0500 0.0400 0.0400 0.0600 0.0500 0.0300
Capex 1 4.8 0.36 1.31 3.1 0.94 0.15
Capex / Sales 1.04% 0.33% 0.55% 0.92% 0.56% 0.07%
Announcement Date 7/27/18 7/22/19 7/29/20 7/29/21 7/28/22 7/27/23
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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