Financials Hongkong Chinese Limited

Equities

655

BMG4586T1036

Real Estate Development & Operations

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
0.285 HKD +3.64% Intraday chart for Hongkong Chinese Limited +5.56% -10.94%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 2,878 1,798 1,758 1,359 1,159 999.1
Enterprise Value (EV) 1 2,808 1,729 1,972 1,425 1,299 1,248
P/E ratio 64 x 5.5 x 163 x -1.23 x 1.73 x 2.04 x
Yield 1.39% 2.22% 2.27% 3.43% 2.16% 2%
Capitalization / Revenue 13.3 x 15.2 x 24.7 x 12.3 x 14.3 x 13.9 x
EV / Revenue 13 x 14.6 x 27.7 x 13 x 16 x 17.4 x
EV / EBITDA 45.6 x 68.8 x -197 x 185 x 52.5 x 54.8 x
EV / FCF 16.4 x -6.6 x -15.7 x -143 x -40.5 x 83.3 x
FCF Yield 6.09% -15.1% -6.37% -0.7% -2.47% 1.2%
Price to Book 0.29 x 0.16 x 0.16 x 0.13 x 0.1 x 0.09 x
Nbr of stocks (in thousands) 1,998,280 1,998,280 1,998,280 1,998,280 1,998,280 1,998,280
Reference price 2 1.440 0.9000 0.8800 0.6800 0.5800 0.5000
Announcement Date 7/28/17 7/30/18 7/29/19 4/28/21 4/28/22 4/27/23
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 216.4 118.5 71.16 110 81.09 71.77
EBITDA 1 61.62 25.14 -10.01 7.688 24.73 22.77
EBIT 1 54.74 19.02 -16.55 1.523 18.84 17.1
Operating Margin 25.29% 16.04% -23.25% 1.38% 23.24% 23.83%
Earnings before Tax (EBT) 1 49.8 330 -133.3 -1,272 654.2 491.2
Net income 1 45 326.8 10.82 -1,106 670.3 488.8
Net margin 20.79% 275.74% 15.2% -1,005.33% 826.62% 680.99%
EPS 2 0.0225 0.1636 0.005413 -0.5536 0.3354 0.2446
Free Cash Flow 1 171 -261.9 -125.7 -9.936 -32.04 14.99
FCF margin 79.01% -220.93% -176.61% -9.03% -39.51% 20.89%
FCF Conversion (EBITDA) 277.48% - - - - 65.82%
FCF Conversion (Net income) 380.01% - - - - 3.07%
Dividend per Share 2 0.0200 0.0200 0.0200 0.0233 0.0125 0.0100
Announcement Date 7/28/17 7/30/18 7/29/19 4/28/21 4/28/22 4/27/23
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - 214 66.3 140 249
Net Cash position 1 69.4 69.7 - - - -
Leverage (Debt/EBITDA) - - -21.35 x 8.627 x 5.658 x 10.93 x
Free Cash Flow 1 171 -262 -126 -9.94 -32 15
ROE (net income / shareholders' equity) 0.43% 3.06% -1.22% 3.93% 6.12% 4.45%
ROA (Net income/ Total Assets) 0.29% 0.1% -0.09% -0.04% 0.1% 0.09%
Assets 1 15,362 332,492 -12,579 3,064,309 645,142 521,075
Book Value Per Share 2 5.010 5.600 5.470 5.340 5.610 5.340
Cash Flow per Share 2 0.2700 0.2700 0.2500 0.1000 0.0600 0.1000
Capex 1 1.2 0.73 20.8 0.6 0.54 0.76
Capex / Sales 0.55% 0.62% 29.23% 0.55% 0.67% 1.06%
Announcement Date 7/28/17 7/30/18 7/29/19 4/28/21 4/28/22 4/27/23
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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