Financials Legend Holdings Corporation

Equities

Market Closed - Hong Kong S.E. Other stock markets 04:08:20 2024-04-26 am EDT			5-day change	1st Jan Change
5.56 ^HKD	+3.54%		+7.96%	-24.46%

Apr. 24	Huayi Tencent Entertainment Makes Various C-Level Changes	MT
Apr. 16	Star Plus Legend to Offer Up to 31.5 Million Shares Under Placement Deal	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	37,229	20,188	22,117	17,376	15,762	12,127	-	-
Enterprise Value (EV) ¹	286,698	277,657	272,480	17,376	15,762	12,127	12,127	12,127
P/E ratio	10.5 x	5.29 x	4.12 x	11.3 x	20.3 x	3.43 x	2.83 x	-
Yield	2.09%	4.2%	4.26%	5.42%	-	3.59%	6.12%	6.02%
Capitalization / Revenue	0.1 x	0.05 x	0.05 x	0.04 x	-	0.03 x	0.02 x	0.02 x
EV / Revenue	0.1 x	0.05 x	0.05 x	0.04 x	-	0.03 x	0.02 x	0.02 x
EV / EBITDA	1.6 x	0.75 x	0.62 x	-	-	0.41 x	0.45 x	0.33 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	0.54 x	0.29 x	0.35 x	0.27 x	-	0.2 x	0.19 x	-
Nbr of stocks (in thousands)	2,356,231	2,356,231	2,356,231	2,356,231	2,356,231	2,356,231	-	-
Reference price ²	15.80	8.568	9.387	7.375	6.690	5.147	5.147	5.147
Announcement Date	3/26/20	3/31/21	3/31/22	3/29/23	3/27/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	389,218	417,567	489,872	483,663	-	479,258	515,681	539,112
EBITDA ¹	23,214	26,901	35,633	-	-	29,290	27,084	36,555
EBIT ¹	15,528	18,329	25,978	18,153	-	18,511	20,853	23,600
Operating Margin	3.99%	4.39%	5.3%	3.75%	-	3.86%	4.04%	4.38%
Earnings before Tax (EBT) ¹	10,524	12,633	22,090	-	-	11,291	13,715	-
Net income ¹	3,607	3,868	5,755	866.2	446.1	3,523	4,279	-
Net margin	0.93%	0.93%	1.17%	0.18%	-	0.74%	0.83%	-
EPS ²	1.510	1.620	2.280	0.6500	0.3300	1.500	1.820	-
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.3300	0.3600	0.4000	0.4000	-	0.1850	0.3150	0.3100
Announcement Date	3/26/20	3/31/21	3/31/22	3/29/23	3/27/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	249,470	257,468	250,363	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	10.75 x	9.571 x	7.026 x	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	5.42%	5.92%	9.22%	13.7%	-	4.11%	7.44%	8.55%
ROA (Net income/ Total Assets)	0.61%	0.61%	0.86%	1.27%	-	0.5%	0.6%	-
Assets ¹	591,168	637,907	666,229	68,091	-	704,600	713,167	-
Book Value Per Share ²	29.20	29.20	26.70	27.20	-	25.50	26.90	-
Cash Flow per Share ²	3.920	18.30	9.470	20.30	-	2.540	14.00	-
Capex ¹	7,899	7,557	9,857	14,296	-	17,732	21,278	-
Capex / Sales	2.03%	1.81%	2.01%	2.96%	-	3.7%	4.13%	-
Announcement Date	3/26/20	3/31/21	3/31/22	3/29/23	3/27/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

B-

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

5.147 CNY

Average target price

7.388 CNY

Spread / Average Target

+43.54%

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