MING FAI INTERNATIONAL HOLDINGS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.67 HKD | -1.47% |
|
0.00% | +9.84% |
| Apr. 19 | Ming Fai International Logs 38% Rise in 2023 Profit | MT |
| Mar. 25 | Ming Fai International Holdings Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 07 June 2024 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 713.6 | 609.4 | 543.4 | 315.7 | 374.5 | 447.9 |
| Enterprise Value (EV) 1 | 487.9 | 348.8 | 296.6 | 227.7 | 204.6 | 145.9 |
| P/E ratio | 7.1 x | 6.19 x | 6.85 x | -3.35 x | 4.9 x | 4.24 x |
| Yield | 7.14% | 5.42% | 3.38% | - | 7.84% | 11.5% |
| Capitalization / Revenue | 0.35 x | 0.3 x | 0.4 x | 0.22 x | 0.21 x | 0.22 x |
| EV / Revenue | 0.24 x | 0.17 x | 0.22 x | 0.16 x | 0.11 x | 0.07 x |
| EV / EBITDA | 3.04 x | 1.92 x | 1.87 x | -7.21 x | 1.39 x | 0.74 x |
| EV / FCF | -10.2 x | 3.63 x | -268 x | -1.99 x | 2.22 x | 0.86 x |
| FCF Yield | -9.82% | 27.5% | -0.37% | -50.4% | 45.1% | 117% |
| Price to Book | 0.64 x | 0.52 x | 0.44 x | 0.28 x | 0.32 x | 0.36 x |
| Nbr of stocks (in thousands) | 728,176 | 734,263 | 734,263 | 734,263 | 734,263 | 734,263 |
| Reference price 2 | 0.9800 | 0.8300 | 0.7400 | 0.4300 | 0.5100 | 0.6100 |
| Announcement Date | 4/24/19 | 4/22/20 | 4/21/21 | 4/20/22 | 4/20/23 | 4/19/24 |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 2,053 | 2,043 | 1,353 | 1,436 | 1,793 | 2,067 |
| EBITDA 1 | 160.5 | 181.8 | 159 | -31.57 | 147.2 | 196.6 |
| EBIT 1 | 118.8 | 134.8 | 108.6 | -87.66 | 91.83 | 144.1 |
| Operating Margin | 5.79% | 6.6% | 8.02% | -6.11% | 5.12% | 6.97% |
| Earnings before Tax (EBT) 1 | 130.9 | 127.1 | 101.5 | -94.4 | 89.99 | 144.1 |
| Net income 1 | 100.2 | 97.94 | 79.05 | -93.54 | 75.51 | 104.2 |
| Net margin | 4.88% | 4.79% | 5.84% | -6.51% | 4.21% | 5.04% |
| EPS 2 | 0.1380 | 0.1340 | 0.1080 | -0.1283 | 0.1040 | 0.1439 |
| Free Cash Flow 1 | -47.91 | 96.08 | -1.106 | -114.6 | 92.23 | 170.5 |
| FCF margin | -2.33% | 4.7% | -0.08% | -7.98% | 5.14% | 8.25% |
| FCF Conversion (EBITDA) | - | 52.86% | - | - | 62.67% | 86.7% |
| FCF Conversion (Net income) | - | 98.1% | - | - | 122.14% | 163.64% |
| Dividend per Share 2 | 0.0700 | 0.0450 | 0.0250 | - | 0.0400 | 0.0700 |
| Announcement Date | 4/24/19 | 4/22/20 | 4/21/21 | 4/20/22 | 4/20/23 | 4/19/24 |
1HKD in Million2HKD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 226 | 261 | 247 | 88.1 | 170 | 302 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | -47.9 | 96.1 | -1.11 | -115 | 92.2 | 170 |
| ROE (net income / shareholders' equity) | 8.93% | 8.29% | 6.42% | -8.56% | 6.28% | 8.23% |
| ROA (Net income/ Total Assets) | 4.43% | 4.75% | 3.73% | -3.09% | 3.29% | 4.85% |
| Assets 1 | 2,264 | 2,060 | 2,122 | 3,024 | 2,295 | 2,149 |
| Book Value Per Share 2 | 1.540 | 1.590 | 1.680 | 1.550 | 1.610 | 1.700 |
| Cash Flow per Share 2 | 0.3700 | 0.4800 | 0.5400 | 0.3400 | 0.4200 | 0.5100 |
| Capex 1 | 73.8 | 136 | 90.5 | 44.3 | 24.2 | 57.6 |
| Capex / Sales | 3.6% | 6.66% | 6.69% | 3.09% | 1.35% | 2.79% |
| Announcement Date | 4/24/19 | 4/22/20 | 4/21/21 | 4/20/22 | 4/20/23 | 4/19/24 |
1HKD in Million2HKD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +9.84% | 63.88M | |
| +12.19% | 45.96B | |
| -8.12% | 17.93B | |
| -6.88% | 3.96B | |
| +3.08% | 3.61B | |
| -11.10% | 1.61B | |
| +42.48% | 1.28B | |
| +17.63% | 960M | |
| +19.66% | 810M | |
| +30.90% | 455M |
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- Financials Ming Fai International Holdings Limited
