Financials Pioneer Global Group Limited

Equities

224

BMG7098N1002

Real Estate Development & Operations

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
0.75 HKD 0.00% Intraday chart for Pioneer Global Group Limited 0.00% +2.74%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 2,123 2,008 1,431 1,293 1,073 1,073
Enterprise Value (EV) 1 4,206 4,003 3,322 3,388 3,128 3,092
P/E ratio 3.41 x 3.72 x 37.2 x 4.42 x 5.07 x 17.9 x
Yield 2.5% 2.64% 1.21% - 3.23% 1.61%
Capitalization / Revenue 5.33 x 4.38 x 9.79 x 4.23 x 3.75 x 4.4 x
EV / Revenue 10.6 x 8.73 x 22.7 x 11.1 x 10.9 x 12.7 x
EV / EBITDA 12.9 x 10.3 x 44.6 x 14.1 x 14.5 x 18.9 x
EV / FCF 22.2 x 19 x 553 x 31.8 x 24.8 x 58.8 x
FCF Yield 4.5% 5.26% 0.18% 3.15% 4.04% 1.7%
Price to Book 0.32 x 0.28 x 0.2 x 0.18 x 0.14 x 0.14 x
Nbr of stocks (in thousands) 1,154,039 1,154,039 1,154,039 1,154,039 1,154,039 1,154,039
Reference price 2 1.840 1.740 1.240 1.120 0.9300 0.9300
Announcement Date 7/30/18 7/30/19 7/30/20 7/22/21 7/29/22 7/28/23
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Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 398 458.2 146.1 305.7 286.3 243.7
EBITDA 1 327.2 388.8 74.45 240.7 215.2 163.3
EBIT 1 325.4 387.8 73.64 239.9 214.7 162.8
Operating Margin 81.74% 84.63% 50.39% 78.48% 74.99% 66.82%
Earnings before Tax (EBT) 1 752.7 675.9 98.57 376.9 256.7 77
Net income 1 623.5 539.7 38.45 292.5 211.8 59.84
Net margin 156.64% 117.78% 26.31% 95.7% 73.99% 24.56%
EPS 2 0.5403 0.4677 0.0333 0.2535 0.1835 0.0518
Free Cash Flow 1 189.3 210.5 6.011 106.6 126.2 52.61
FCF margin 47.56% 45.94% 4.11% 34.86% 44.1% 21.59%
FCF Conversion (EBITDA) 57.86% 54.14% 8.07% 44.28% 58.67% 32.22%
FCF Conversion (Net income) 30.36% 39% 15.63% 36.43% 59.6% 87.92%
Dividend per Share 2 0.0460 0.0460 0.0150 - 0.0300 0.0150
Announcement Date 7/30/18 7/30/19 7/30/20 7/22/21 7/29/22 7/28/23
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Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 2,083 1,995 1,891 2,096 2,055 2,019
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 6.365 x 5.13 x 25.4 x 8.707 x 9.548 x 12.37 x
Free Cash Flow 1 189 211 6.01 107 126 52.6
ROE (net income / shareholders' equity) 10.1% 8.27% 0.92% 4.27% 2.73% 0.74%
ROA (Net income/ Total Assets) 2.11% 2.35% 0.43% 1.39% 1.21% 0.91%
Assets 1 29,522 22,973 8,842 20,988 17,436 6,549
Book Value Per Share 2 5.740 6.150 6.090 6.390 6.550 6.560
Cash Flow per Share 2 0.1700 0.2500 0.3400 0.1600 0.2000 0.2300
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 7/30/18 7/30/19 7/30/20 7/22/21 7/29/22 7/28/23
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Estimates
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