Financials Hutchison Telecommunications Hong Kong Holdings Limited

Equities

Market Closed - Hong Kong S.E. Other stock markets 04:08:20 2024-04-26 am EDT			5-day change	1st Jan Change
1.02 ^HKD	-0.97%		+0.99%	-4.67%

Mar. 18	Hutchison Telecommunications Hong Kong Holdings Limited(SEHK:215) dropped from FTSE All-World Index	CI
Mar. 06	Hutchison Telecommunications Narrows Loss in 2023	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	7,566	5,590	6,024	5,879	5,156	4,915	-	-
Enterprise Value (EV) ¹	2,579	339.2	9,999	2,179	5,156	1,524	1,925	1,980
P/E ratio	17.6 x	15.5 x	1,563 x	-37.2 x	-99.1 x	135 x	31.7 x	27.5 x
Yield	4.25%	6.46%	21.8%	6.14%	-	7.1%	7.1%	7.1%
Capitalization / Revenue	1.36 x	1.23 x	1.12 x	1.2 x	1.05 x	0.97 x	0.95 x	0.94 x
EV / Revenue	0.46 x	0.07 x	1.86 x	0.45 x	1.05 x	0.3 x	0.37 x	0.38 x
EV / EBITDA	1.55 x	0.2 x	6.77 x	1.53 x	3.54 x	1.03 x	1.25 x	1.26 x
EV / FCF	2,626,254 x	481,749 x	3,996,351 x	3,442,808 x	-	-	-	-
FCF Yield	0%	0%	0%	0%	-	-	-	-
Price to Book	0.63 x	0.46 x	0.56 x	0.57 x	-	0.52 x	0.53 x	0.54 x
Nbr of stocks (in thousands)	4,819,096	4,819,096	4,819,096	4,819,096	4,819,096	4,819,096	-	-
Reference price ²	1.570	1.160	1.250	1.220	1.070	1.020	1.020	1.020
Announcement Date	2/28/20	2/26/21	2/25/22	2/28/23	3/5/24	-	-	-

¹HKD in Million²HKD

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	5,582	4,545	5,385	4,882	4,896	5,069	5,162	5,209
EBITDA ¹	1,662	1,672	1,477	1,420	1,457	1,481	1,541	1,568
EBIT ¹	386	403	120	-94	-86	31.39	123.5	163.4
Operating Margin	6.92%	8.87%	2.23%	-1.93%	-1.76%	0.62%	2.39%	3.14%
Earnings before Tax (EBT)	535	444	86	-109	-	-	-	-
Net income	429	361	4	-158	-52	-	-	-
Net margin	7.69%	7.94%	0.07%	-3.24%	-1.06%	-	-	-
EPS ²	0.0890	0.0749	0.000800	-0.0328	-0.0108	0.007550	0.0321	0.0370
Free Cash Flow	982	704	2,502	633	-	-	-	-
FCF margin	17.59%	15.49%	46.46%	12.97%	-	-	-	-
FCF Conversion (EBITDA)	59.09%	42.11%	169.4%	44.58%	-	-	-	-
FCF Conversion (Net income)	228.9%	195.01%	62,550%	-	-	-	-	-
Dividend per Share ²	0.0668	0.0749	0.2729	0.0749	-	0.0724	0.0724	0.0724
Announcement Date	2/28/20	2/26/21	2/25/22	2/28/23	3/5/24	-	-	-

¹HKD in Million²HKD

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	3,975	-	-	-	-	-
Net Cash position ¹	4,987	5,251	-	3,700	-	3,392	2,990	2,936
Leverage (Debt/EBITDA)	-	-	2.691 x	-	-	-	-	-
Free Cash Flow	982	704	2,502	633	-	-	-	-
ROE (net income / shareholders' equity)	3.07%	3.01%	0.04%	-1.5%	-	1.51%	1.57%	1.96%
ROA (Net income/ Total Assets)	2.61%	2.47%	0.03%	-1.04%	-	-	-	-
Assets	16,407	14,645	15,152	15,201	-	-	-	-
Book Value Per Share ²	2.480	2.500	2.240	2.130	-	1.980	1.940	1.900
Cash Flow per Share ²	0.3100	0.2700	0.7000	0.2300	-	0.3100	0.3100	0.3500
Capex ¹	503	593	874	496	-	740	1,235	777
Capex / Sales	9.01%	13.05%	16.23%	10.16%	-	14.6%	23.93%	14.91%
Announcement Date	2/28/20	2/26/21	2/25/22	2/28/23	3/5/24	-	-	-

¹HKD in Million²HKD

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

1.02 HKD

Average target price

1.24 HKD

Spread / Average Target

+21.57%

	1st Jan change	Capi.
HUTCHISON TELECOMMUNICATIONS HONG KONG HOLDINGS LIMITED	-4.67%	628M
CHINA MOBILE LIMITED	+9.65%	199B
VERIZON COMMUNICATIONS	+5.25%	167B
DEUTSCHE TELEKOM AG	+0.46%	116B
NIPPON TELEGRAPH AND TELEPHONE CORPORATION	-2.38%	89.84B
CHINA TELECOM CORPORATION LIMITED	+17.65%	72.93B
AMÉRICA MÓVIL, S.A.B. DE C.V.	+2.80%	58.42B
SAUDI TELECOM COMPANY	-5.07%	50.97B
EMIRATES TELECOMMUNICATIONS GROUP COMPANY	-13.54%	40.2B
BCE INC.	-14.53%	29.72B