Financials Pacific Online Limited

Equities

543

KYG9684P1019

Internet Services

Market Closed - Hong Kong S.E. 04:08:06 2024-04-30 am EDT 5-day change 1st Jan Change
0.42 HKD -2.33% Intraday chart for Pacific Online Limited 0.00% -12.50%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,017 1,748 1,190 1,260 779.6 494.8
Enterprise Value (EV) 1 557.7 1,321 716.3 779 380 223.9
P/E ratio 7.66 x 11.4 x 7.34 x 25.3 x -117 x -15.3 x
Yield 15.1% 6.95% 12.4% 8.96% 14.5% 9.17%
Capitalization / Revenue 0.99 x 1.76 x 1.23 x 1.48 x 0.96 x 0.67 x
EV / Revenue 0.55 x 1.33 x 0.74 x 0.91 x 0.47 x 0.3 x
EV / EBITDA 2.95 x 5.78 x 2.8 x 33.6 x 18 x 100 x
EV / FCF 5.2 x 13.7 x 4.64 x 6.09 x 14.1 x -6.91 x
FCF Yield 19.2% 7.32% 21.6% 16.4% 7.07% -14.5%
Price to Book 1.02 x 1.74 x 1.12 x 1.32 x 0.93 x 0.71 x
Nbr of stocks (in thousands) 1,124,022 1,124,322 1,131,122 1,128,943 1,131,638 1,134,184
Reference price 2 0.9044 1.555 1.052 1.116 0.6889 0.4363
Announcement Date 4/10/19 4/14/20 4/15/21 4/28/22 4/14/23 4/9/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,023 990.8 967.5 852.2 813.7 740.1
EBITDA 1 189 228.5 255.6 23.21 21.16 2.235
EBIT 1 173.1 213.1 240.4 9.191 10.67 -8.536
Operating Margin 16.93% 21.51% 24.84% 1.08% 1.31% -1.15%
Earnings before Tax (EBT) 1 161.3 187.8 191.3 53.24 -3.012 3.764
Net income 1 132.7 153.1 161.9 49.92 -6.654 -32.34
Net margin 12.98% 15.45% 16.73% 5.86% -0.82% -4.37%
EPS 2 0.1181 0.1362 0.1433 0.0441 -0.005888 -0.0285
Free Cash Flow 1 107.3 96.67 154.5 127.9 26.87 -32.41
FCF margin 10.49% 9.76% 15.97% 15.01% 3.3% -4.38%
FCF Conversion (EBITDA) 56.73% 42.3% 60.47% 550.93% 126.98% -
FCF Conversion (Net income) 80.79% 63.13% 95.46% 256.18% - -
Dividend per Share 2 0.1362 0.1080 0.1300 0.1000 0.1000 0.0400
Announcement Date 4/10/19 4/14/20 4/15/21 4/28/22 4/14/23 4/9/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 459 428 474 481 400 271
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 107 96.7 155 128 26.9 -32.4
ROE (net income / shareholders' equity) 13.5% 15.4% 15.8% 5.11% -0.77% -4.12%
ROA (Net income/ Total Assets) 7.71% 9.42% 10.2% 0.41% 0.52% -0.47%
Assets 1 1,722 1,626 1,580 12,274 -1,268 6,902
Book Value Per Share 2 0.8800 0.8900 0.9400 0.8500 0.7400 0.6200
Cash Flow per Share 2 0.3600 0.3800 0.3200 0.3500 0.3500 0.2400
Capex 1 5.88 7.16 46.4 3.58 3.17 2.95
Capex / Sales 0.58% 0.72% 4.8% 0.42% 0.39% 0.4%
Announcement Date 4/10/19 4/14/20 4/15/21 4/28/22 4/14/23 4/9/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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