Financials Miricor Enterprises Holdings Limited

Equities

1827

KYG6193F1037

Personal Services

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
1.3 HKD -2.26% Intraday chart for Miricor Enterprises Holdings Limited -7.14% -10.34%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 524 576 228 300 520 532
Enterprise Value (EV) 1 413.6 456.8 119.2 180.7 571.2 526.8
P/E ratio 19.8 x 26.4 x 16.8 x -23.7 x 20.5 x -26 x
Yield - - - - - -
Capitalization / Revenue 4.12 x 3.72 x 1.29 x 2.33 x 1.43 x 1.15 x
EV / Revenue 3.25 x 2.95 x 0.68 x 1.4 x 1.57 x 1.14 x
EV / EBITDA 7.53 x 11.2 x 4.57 x -13 x 9.9 x 35.6 x
EV / FCF -19.4 x 111 x 2.51 x 10.4 x -8.12 x 6.07 x
FCF Yield -5.14% 0.9% 39.9% 9.58% -12.3% 16.5%
Price to Book 4.47 x 4.06 x 1.44 x 2.06 x 3.04 x 3.53 x
Nbr of stocks (in thousands) 400,000 400,000 400,000 400,000 400,000 400,000
Reference price 2 1.310 1.440 0.5700 0.7500 1.300 1.330
Announcement Date 5/31/18 7/5/19 7/30/20 7/22/21 7/21/22 7/28/23
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 127.2 154.7 176.5 128.9 363.9 463.1
EBITDA 1 54.96 40.69 26.08 -13.88 57.71 14.8
EBIT 1 48.01 29.47 13.74 -26.85 32.92 -29.65
Operating Margin 37.74% 19.05% 7.78% -20.84% 9.05% -6.4%
Earnings before Tax (EBT) 1 31.46 26.39 15.67 -16.22 31.2 -23.87
Net income 1 26.51 21.8 13.56 -12.65 25.38 -20.5
Net margin 20.84% 14.09% 7.68% -9.82% 6.97% -4.43%
EPS 2 0.0663 0.0545 0.0339 -0.0316 0.0635 -0.0513
Free Cash Flow 1 -21.27 4.112 47.57 17.31 -70.31 86.75
FCF margin -16.72% 2.66% 26.94% 13.43% -19.32% 18.73%
FCF Conversion (EBITDA) - 10.11% 182.4% - - 586.27%
FCF Conversion (Net income) - 18.87% 350.88% - - -
Dividend per Share - - - - - -
Announcement Date 5/31/18 7/5/19 7/30/20 7/22/21 7/21/22 7/28/23
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - 51.2 -
Net Cash position 1 110 119 109 119 - 5.25
Leverage (Debt/EBITDA) - - - - 0.8864 x -
Free Cash Flow 1 -21.3 4.11 47.6 17.3 -70.3 86.8
ROE (net income / shareholders' equity) 25.5% 16.8% 9.04% -8.33% 16% -12.7%
ROA (Net income/ Total Assets) 15.2% 7.3% 2.69% -4.6% 4.85% -3.73%
Assets 1 174.1 298.7 504.1 275 523.7 549.6
Book Value Per Share 2 0.2900 0.3500 0.4000 0.3600 0.4300 0.3800
Cash Flow per Share 2 0.2800 0.3000 0.3900 0.4000 0.1600 0.2900
Capex 1 10.9 37.8 10 5.46 112 26.8
Capex / Sales 8.54% 24.46% 5.67% 4.24% 30.68% 5.78%
Announcement Date 5/31/18 7/5/19 7/30/20 7/22/21 7/21/22 7/28/23
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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