HYSAN DEVELOPMENT COMPANY LIMITED Financials Hysan Development Company Limited
Equities
14
HK0014000126
Real Estate Development & Operations
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 12 HKD | +1.52% |
|
+5.45% | -22.58% |
| Apr. 22 | Hysan Development Repurchases Securities Worth Almost $100 Million | MT |
| Feb. 22 | Transcript : Hysan Development Company Limited, 2023 Earnings Call, Feb 22, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 31,880 | 29,579 | 24,926 | 25,983 | 15,919 | 12,324 | - | - |
| Enterprise Value (EV) 1 | 35,077 | 23,614 | 45,047 | 55,549 | 37,629 | 39,108 | 40,028 | 41,281 |
| P/E ratio | 6.6 x | -11.7 x | 18.1 x | -22.6 x | -18.2 x | 8.08 x | 7.94 x | 7.83 x |
| Yield | 4.71% | 5.06% | 5.98% | 5.69% | 6.97% | 9% | 9.61% | 9.1% |
| Capitalization / Revenue | 7.99 x | 7.97 x | 6.91 x | 7.51 x | 4.96 x | 3.76 x | 3.59 x | 3.57 x |
| EV / Revenue | 8.8 x | 6.37 x | 12.5 x | 16.1 x | 11.7 x | 11.9 x | 11.7 x | 12 x |
| EV / EBITDA | 10.9 x | 7.93 x | 15.7 x | 21.4 x | 16.3 x | 15.3 x | 15 x | 15 x |
| EV / FCF | 15.6 x | 21 x | -2.27 x | -81 x | - | 32.1 x | 36.7 x | 74.8 x |
| FCF Yield | 6.4% | 4.77% | -44.1% | -1.23% | - | 3.12% | 2.73% | 1.34% |
| Price to Book | 0.41 x | 0.4 x | 0.34 x | 0.32 x | 0.24 x | 0.17 x | 0.17 x | 0.17 x |
| Nbr of stocks (in thousands) | 1,043,551 | 1,039,701 | 1,034,258 | 1,027,008 | 1,027,008 | 1,027,008 | - | - |
| Reference price 2 | 30.55 | 28.45 | 24.10 | 25.30 | 15.50 | 12.00 | 12.00 | 12.00 |
| Announcement Date | 2/20/20 | 2/25/21 | 2/24/22 | 2/17/23 | 2/22/24 | - | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,988 | 3,710 | 3,608 | 3,460 | 3,210 | 3,276 | 3,431 | 3,451 |
| EBITDA 1 | 3,205 | 2,976 | 2,864 | 2,593 | 2,315 | 2,558 | 2,674 | 2,745 |
| EBIT 1 | 3,183 | 2,952 | 2,835 | 2,561 | 2,282 | 2,473 | 2,612 | 2,638 |
| Operating Margin | 79.81% | 79.57% | 78.58% | 74.02% | 71.09% | 75.47% | 76.14% | 76.45% |
| Earnings before Tax (EBT) 1 | 5,559 | -1,995 | 2,261 | -607 | -731 | 2,394 | 2,498 | 2,617 |
| Net income 1 | 4,845 | -2,547 | 1,383 | -1,157 | -872 | 1,611 | 1,652 | 1,727 |
| Net margin | 121.49% | -68.65% | 38.33% | -33.44% | -27.17% | 49.16% | 48.17% | 50.05% |
| EPS 2 | 4.630 | -2.440 | 1.330 | -1.120 | -0.8500 | 1.485 | 1.510 | 1.533 |
| Free Cash Flow 1 | 2,246 | 1,127 | -19,858 | -686 | - | 1,220 | 1,091 | 552 |
| FCF margin | 56.32% | 30.38% | -550.39% | -19.83% | - | 37.22% | 31.8% | 16% |
| FCF Conversion (EBITDA) | 70.08% | 37.87% | - | - | - | 47.68% | 40.8% | 20.11% |
| FCF Conversion (Net income) | 46.36% | - | - | - | - | 75.72% | 66.02% | 31.96% |
| Dividend per Share 2 | 1.440 | 1.440 | 1.440 | 1.440 | 1.080 | 1.080 | 1.153 | 1.092 |
| Announcement Date | 2/20/20 | 2/25/21 | 2/24/22 | 2/17/23 | 2/22/24 | - | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,902 | 1,981 | 1,729 | 1,834 | 1,774 | 1,777 | 1,683 | 1,611 | 1,599 | 2,268 | 2,251 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | - | - | 1,495 | 1,340 | 1,384 | 1,177 | 1,202 | 1,080 | 1,305 | 1,204 |
| Operating Margin | - | - | - | 81.52% | 75.54% | 77.88% | 69.93% | 74.61% | 67.54% | 57.56% | 53.47% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | -1,217 | - | - |
| Net income | - | - | - | - | - | - | - | - | -1,062 | - | - |
| Net margin | - | - | - | - | - | - | - | - | -66.42% | - | - |
| EPS 2 | 1.970 | -2.520 | 0.0800 | 0.5000 | 0.8300 | 0.0700 | -1.190 | 0.1900 | -1.040 | -0.3300 | 1.870 |
| Dividend per Share | - | - | - | - | - | - | - | - | 0.8100 | - | - |
| Announcement Date | 2/20/20 | 8/10/20 | 2/25/21 | 8/11/21 | 2/24/22 | 8/22/22 | 2/17/23 | 8/10/23 | 2/22/24 | - | - |
1HKD in Million2HKD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 3,197 | - | 20,121 | 29,566 | 21,710 | 26,784 | 27,703 | 28,957 |
| Net Cash position 1 | - | 5,965 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.9975 x | - | 7.025 x | 11.4 x | 9.378 x | 10.47 x | 10.36 x | 10.55 x |
| Free Cash Flow 1 | 2,246 | 1,127 | -19,858 | -686 | - | 1,220 | 1,091 | 552 |
| ROE (net income / shareholders' equity) | 3.4% | 3.17% | 2.76% | 2.5% | 2.32% | 2.28% | 2.5% | 2.34% |
| ROA (Net income/ Total Assets) | 2.81% | 2.32% | 2.05% | 1.74% | 1.57% | 1.64% | 1.67% | 1.76% |
| Assets 1 | 172,383 | -109,822 | 67,408 | -66,342 | -55,616 | 98,086 | 99,068 | 97,990 |
| Book Value Per Share 2 | 74.40 | 70.90 | 71.10 | 78.30 | 65.40 | 69.40 | 70.30 | 69.50 |
| Cash Flow per Share 2 | 3.060 | 1.960 | 2.380 | 2.330 | - | 2.790 | 3.050 | 3.250 |
| Capex 1 | 956 | 913 | 22,334 | 3,081 | 1,669 | 1,563 | 1,677 | 1,628 |
| Capex / Sales | 23.97% | 24.61% | 619.01% | 89.05% | 51.99% | 47.71% | 48.87% | 47.19% |
| Announcement Date | 2/20/20 | 2/25/21 | 2/24/22 | 2/17/23 | 2/22/24 | - | - | - |
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
A-
Sell
Buy
Mean consensus
BUY
Number of Analysts
13
Last Close Price
12
HKD
Average target price
16.77
HKD
Spread / Average Target
+39.78%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -22.58% | 1.57B | |
| -6.13% | 3.18B | |
| -10.13% | 2.36B | |
| -11.61% | 1.68B | |
| +5.46% | 970M | |
| +12.47% | 964M | |
| -4.76% | 683M | |
| -19.46% | 556M | |
| 0.00% | 458M | |
| -20.52% | 380M |
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- Financials Hysan Development Company Limited
