Financials MECOM Power and Construction Limited

Equities

1183

KYG5960P1046

Construction & Engineering

Delayed Hong Kong S.E. 02:04:19 2024-04-29 am EDT 5-day change 1st Jan Change
0.171 HKD +14.00% Intraday chart for MECOM Power and Construction Limited +13.25% -43.00%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022
Capitalization 1 1,310 1,456 4,401 6,609 5,405
Enterprise Value (EV) 1 994 1,231 4,225 6,383 5,420
P/E ratio 23.3 x 25.9 x 86.7 x 52.5 x 66.6 x
Yield 4.14% 3.8% 1.12% 1.69% 0.76%
Capitalization / Revenue 2.19 x 2.92 x 6.22 x 7.25 x 4.03 x
EV / Revenue 1.66 x 2.47 x 5.97 x 7 x 4.04 x
EV / EBITDA 12.5 x 18.4 x 69.6 x 42.8 x 53.3 x
EV / FCF -21.2 x -17.8 x 424 x 46.8 x -25.3 x
FCF Yield -4.73% -5.63% 0.24% 2.14% -3.95%
Price to Book 2.9 x 3.15 x 10 x 14.8 x 13.6 x
Nbr of stocks (in thousands) 4,050,000 4,043,527 4,028,542 4,010,281 3,996,096
Reference price 2 0.3235 0.3601 1.093 1.648 1.353
Announcement Date 4/26/19 4/24/20 4/26/21 4/25/22 4/25/23
1MOP in Million2MOP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 658.7 597.6 498.9 707.3 912 1,342
EBITDA 1 104.7 79.35 67.03 60.68 149.2 101.7
EBIT 1 99.84 74.35 58.52 53.86 142 95.22
Operating Margin 15.16% 12.44% 11.73% 7.61% 15.57% 7.1%
Earnings before Tax (EBT) 1 86.67 64.34 64.04 56.96 144.5 102.5
Net income 1 78.19 55.01 56.33 50.92 126.5 81.34
Net margin 11.87% 9.21% 11.29% 7.2% 13.87% 6.06%
EPS 2 0.0241 0.0139 0.0139 0.0126 0.0314 0.0203
Free Cash Flow 1 79.07 -46.98 -69.27 9.972 136.5 -214
FCF margin 12% -7.86% -13.88% 1.41% 14.97% -15.95%
FCF Conversion (EBITDA) 75.5% - - 16.43% 91.49% -
FCF Conversion (Net income) 101.12% - - 19.58% 107.93% -
Dividend per Share 2 0.0204 0.0134 0.0137 0.0122 0.0279 0.0103
Announcement Date 4/26/18 4/26/19 4/24/20 4/26/21 4/25/22 4/25/23
1MOP in Million2MOP
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - 14.9
Net Cash position 1 162 316 225 177 226 -
Leverage (Debt/EBITDA) - - - - - 0.1468 x
Free Cash Flow 1 79.1 -47 -69.3 9.97 136 -214
ROE (net income / shareholders' equity) 42.6% 16.8% 12.3% 11.3% 28.5% 19.7%
ROA (Net income/ Total Assets) 16.9% 8.93% 5.89% 5.41% 13.7% 7.09%
Assets 1 463.8 616 956.7 942 921.8 1,147
Book Value Per Share 2 0.0600 0.1100 0.1100 0.1100 0.1100 0.1000
Cash Flow per Share 2 0.0500 0.0200 0.0300 0.0400 0.0400 0.0200
Capex 1 4.63 15.1 43.5 0.19 9.43 68.8
Capex / Sales 0.7% 2.52% 8.72% 0.03% 1.03% 5.13%
Announcement Date 4/26/18 4/26/19 4/24/20 4/26/21 4/25/22 4/25/23
1MOP in Million2MOP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

  1. Stock Market
  2. Equities
  3. 1183 Stock
  4. Financials MECOM Power and Construction Limited