Financials Pacific Textiles Holdings Limited

Equities

Delayed Hong Kong S.E. Other stock markets 04:08:06 2024-04-30 am EDT			5-day change	1st Jan Change
1.5 ^HKD	+2.74%		+7.14%	+11.11%

Mar. 22	Pacific Textiles Holdings Limited and Toray Group Enter into the Master Agreement	CI
2023	Pacific Textiles Holdings Limited commences an Equity Buyback Plan for 140,300,800 shares, representing 10% of its issued share capital, under the authorization approved on August 10, 2023.	CI

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	10,212	5,272	7,028	5,123	3,564	2,098	-	-
Enterprise Value (EV) ¹	9,937	5,205	6,841	5,157	3,663	1,952	1,670	1,321
P/E ratio	11.8 x	7.31 x	9.76 x	8.85 x	13.3 x	8.3 x	7.14 x	6.18 x
Yield	8.5%	11.8%	8.84%	9.64%	7.51%	11.2%	13.6%	16.9%
Capitalization / Revenue	1.67 x	0.96 x	1.31 x	0.84 x	0.71 x	0.44 x	0.41 x	0.37 x
EV / Revenue	1.62 x	0.95 x	1.27 x	0.85 x	0.73 x	0.41 x	0.32 x	0.23 x
EV / EBITDA	8.7 x	5.32 x	6.77 x	6.15 x	7.46 x	3.55 x	2.45 x	1.72 x
EV / FCF	11.5 x	7.62 x	13.6 x	12.6 x	-	-5.77 x	4.37 x	82.5 x
FCF Yield	8.69%	13.1%	7.34%	7.95%	-	-17.3%	22.9%	1.21%
Price to Book	3.11 x	1.8 x	2.11 x	1.5 x	1.16 x	0.7 x	0.69 x	0.68 x
Nbr of stocks (in thousands)	1,446,423	1,413,332	1,411,208	1,411,208	1,408,521	1,398,791	-	-
Reference price ²	7.060	3.730	4.980	3.630	2.530	1.500	1.500	1.500
Announcement Date	6/20/19	6/18/20	6/24/21	6/23/22	6/23/23	-	-	-

¹HKD in Million²HKD

Estimates

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	6,119	5,476	5,385	6,066	5,019	4,732	5,147	5,692
EBITDA ¹	1,142	977.6	1,010	838.7	491.3	549.4	682.3	769
EBIT ¹	983.5	819.6	788.9	617	345.7	293.1	386.3	471.7
Operating Margin	16.07%	14.97%	14.65%	10.17%	6.89%	6.19%	7.51%	8.29%
Earnings before Tax (EBT) ¹	1,016	870.9	838.4	646.1	317.2	304.7	352	409.7
Net income ¹	861.8	743.5	721.5	572.7	268.6	254.2	295.4	343.8
Net margin	14.08%	13.58%	13.4%	9.44%	5.35%	5.37%	5.74%	6.04%
EPS ²	0.6000	0.5100	0.5100	0.4100	0.1900	0.1807	0.2101	0.2426
Free Cash Flow ¹	863.3	683.5	502.1	410.1	-	-338	382	16
FCF margin	14.11%	12.48%	9.32%	6.76%	-	-7.14%	7.42%	0.28%
FCF Conversion (EBITDA)	75.58%	69.92%	49.71%	48.9%	-	-	55.99%	2.08%
FCF Conversion (Net income)	100.17%	91.93%	69.6%	71.62%	-	-	129.31%	4.65%
Dividend per Share ²	0.6000	0.4400	0.4400	0.3500	0.1900	0.1685	0.2042	0.2530
Announcement Date	6/20/19	6/18/20	6/24/21	6/23/22	6/23/23	-	-	-

¹HKD in Million²HKD

Estimates

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	34.8	99.4	-	-	-
Net Cash position ¹	275	66.5	187	-	-	146	428	778
Leverage (Debt/EBITDA)	-	-	-	0.0415 x	0.2023 x	-	-	-
Free Cash Flow ¹	863	684	502	410	-	-338	382	16
ROE (net income / shareholders' equity)	26.6%	25.6%	21.9%	16.9%	8.9%	8.61%	10.9%	13.4%
ROA (Net income/ Total Assets)	18.4%	16%	14.4%	10.3%	5.38%	4.43%	5.91%	6.9%
Assets ¹	4,679	4,660	5,012	5,578	4,993	5,735	4,998	4,984
Book Value Per Share ²	2.270	2.070	2.370	2.420	2.180	2.140	2.170	2.200
Cash Flow per Share	0.7500	0.6000	0.4400	0.4100	-	-	-	-
Capex ¹	220	187	202	122	364	1,000	150	450
Capex / Sales	3.59%	3.41%	3.76%	2.01%	7.26%	21.13%	2.91%	7.91%
Announcement Date	6/20/19	6/18/20	6/24/21	6/23/22	6/23/23	-	-	-

¹HKD in Million²HKD

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

1.5 HKD

Average target price

2.697 HKD

Spread / Average Target

+79.78%

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