Financials Nanyang Holdings Limited

Equities

212

BMG6362N1011

Real Estate Development & Operations

Delayed Hong Kong S.E. 04:08:06 2024-04-30 am EDT 5-day change 1st Jan Change
25.9 HKD -.--% Intraday chart for Nanyang Holdings Limited -.--% +7.02%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,851 1,724 1,398 1,325 925.6 822
Enterprise Value (EV) 1 1,519 1,442 1,039 908.3 643 475
P/E ratio 5.41 x 28.6 x 16.2 x 6.97 x 75.5 x 16.8 x
Yield 1.3% 1.4% 1.71% 1.79% 2.57% 2.89%
Capitalization / Revenue 13.9 x 7.33 x 6.78 x 6.42 x 9.79 x 4.13 x
EV / Revenue 11.4 x 6.13 x 5.04 x 4.4 x 6.8 x 2.39 x
EV / EBITDA 19.1 x 8.18 x 7.01 x 6.28 x 15.7 x 3.35 x
EV / FCF 30.1 x 15.3 x 12.3 x 10.4 x 12 x 7.55 x
FCF Yield 3.32% 6.52% 8.13% 9.64% 8.33% 13.2%
Price to Book 0.39 x 0.32 x 0.28 x 0.24 x 0.18 x 0.16 x
Nbr of stocks (in thousands) 34,477 34,477 34,185 33,968 33,968 33,968
Reference price 2 53.70 50.00 40.90 39.00 27.25 24.20
Announcement Date 4/17/19 4/15/20 4/16/21 4/12/22 4/17/23 4/8/24
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 133.1 235.2 206.3 206.5 94.53 199.1
EBITDA 1 79.38 176.2 148.2 144.7 41 141.8
EBIT 1 79.25 176.1 148.1 144.6 40.95 141.7
Operating Margin 59.54% 74.88% 71.8% 70.03% 43.32% 71.17%
Earnings before Tax (EBT) 1 356.6 82.57 112.7 212.2 35.14 70.43
Net income 1 334.5 60.28 86.77 190.7 12.27 48.96
Net margin 251.32% 25.63% 42.05% 92.36% 12.98% 24.59%
EPS 2 9.924 1.748 2.528 5.594 0.3612 1.441
Free Cash Flow 1 50.43 94.04 84.44 87.53 53.56 62.91
FCF margin 37.89% 39.98% 40.93% 42.39% 56.66% 31.59%
FCF Conversion (EBITDA) 63.53% 53.37% 56.98% 60.5% 130.65% 44.37%
FCF Conversion (Net income) 15.07% 156% 97.32% 45.89% 436.57% 128.49%
Dividend per Share 2 0.7000 0.7000 0.7000 0.7000 0.7000 0.7000
Announcement Date 4/17/19 4/15/20 4/16/21 4/12/22 4/17/23 4/8/24
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 332 282 359 416 283 347
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 50.4 94 84.4 87.5 53.6 62.9
ROE (net income / shareholders' equity) 7.43% 1.2% 1.68% 3.65% 0.23% 0.95%
ROA (Net income/ Total Assets) 1.08% 2.15% 1.76% 1.7% 0.48% 1.69%
Assets 1 30,968 2,809 4,917 11,208 2,568 2,891
Book Value Per Share 2 138.0 154.0 146.0 161.0 149.0 153.0
Cash Flow per Share 2 4.770 2.350 3.610 4.230 2.850 3.690
Capex 1 0 0 0.01 0.09 0.03 -
Capex / Sales 0% 0% 0% 0.04% 0.03% -
Announcement Date 4/17/19 4/15/20 4/16/21 4/12/22 4/17/23 4/8/24
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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