Financials Hung Hing Printing Group Limited

Equities

450

HK0450001869

Commercial Printing Services

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
1.18 HKD +0.85% Intraday chart for Hung Hing Printing Group Limited 0.00% +13.46%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,019 979.5 931.5 1,153 881.7 939.5
Enterprise Value (EV) 1 159.7 113.8 -296.6 279.8 -134.8 -17.14
P/E ratio -13.7 x 13 x 8.51 x 22.5 x 13.4 x 6.98 x
Yield 5.26% 5.5% 6.8% 6.25% 8.16% 7.69%
Capitalization / Revenue 0.31 x 0.32 x 0.36 x 0.33 x 0.3 x 0.39 x
EV / Revenue 0.05 x 0.04 x -0.12 x 0.08 x -0.05 x -0.01 x
EV / EBITDA -71.2 x 0.58 x -2.13 x 1.62 x -0.98 x -0.13 x
EV / FCF 0.72 x 1.2 x -1.37 x -0.79 x -0.28 x 0.4 x
FCF Yield 140% 83.3% -72.9% -127% -362% 250%
Price to Book 0.31 x 0.31 x 0.29 x 0.36 x 0.29 x 0.31 x
Nbr of stocks (in thousands) 893,456 898,601 904,407 900,863 899,654 903,380
Reference price 2 1.140 1.090 1.030 1.280 0.9800 1.040
Announcement Date 4/17/19 4/22/20 4/23/21 4/25/22 4/24/23 4/22/24
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,277 3,084 2,554 3,529 2,950 2,387
EBITDA 1 -2.244 197.2 139 172.9 138.2 131.5
EBIT 1 -103.1 90.08 31.24 60.14 27.04 26.37
Operating Margin -3.15% 2.92% 1.22% 1.7% 0.92% 1.1%
Earnings before Tax (EBT) 1 -77.69 88.08 121.9 68.38 74.95 166.9
Net income 1 -74.52 75.75 109.4 51.95 66.04 135.2
Net margin -2.27% 2.46% 4.28% 1.47% 2.24% 5.66%
EPS 2 -0.0834 0.0840 0.1210 0.0570 0.0730 0.1490
Free Cash Flow 1 223.3 94.79 216.1 -355.4 488 -42.79
FCF margin 6.82% 3.07% 8.46% -10.07% 16.54% -1.79%
FCF Conversion (EBITDA) - 48.07% 155.53% - 353.1% -
FCF Conversion (Net income) - 125.14% 197.64% - 738.93% -
Dividend per Share 2 0.0600 0.0600 0.0700 0.0800 0.0800 0.0800
Announcement Date 4/17/19 4/22/20 4/23/21 4/25/22 4/24/23 4/22/24
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 859 866 1,228 873 1,017 957
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 223 94.8 216 -355 488 -42.8
ROE (net income / shareholders' equity) -2% 2.03% 3.03% 1.46% 1.67% 4.12%
ROA (Net income/ Total Assets) -1.5% 1.41% 0.48% 0.89% 0.41% 0.42%
Assets 1 4,977 5,374 22,580 5,837 16,198 31,967
Book Value Per Share 2 3.630 3.540 3.580 3.550 3.400 3.370
Cash Flow per Share 2 1.100 1.130 1.000 0.7600 1.160 0.9000
Capex 1 189 155 69.6 174 169 263
Capex / Sales 5.78% 5.03% 2.72% 4.94% 5.71% 11%
Announcement Date 4/17/19 4/22/20 4/23/21 4/25/22 4/24/23 4/22/24
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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