SINCERE WATCH (HONG KONG) LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.017 HKD | -5.56% |
|
-15.00% | -54.05% |
| Mar. 12 | Sincere Watch Begins Commodities Trading Business | MT |
| Mar. 08 | Sincere Watch (Hong Kong) Limited Announces Removal of Cheng Sing Kau Colman as Director | CI |
Valuation
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 592.9 | 423.1 | 616.5 | 417 | 338.5 | 247.8 |
| Enterprise Value (EV) 1 | 262 | 445.3 | 753.4 | 651.3 | 614.5 | 552.2 |
| P/E ratio | -9.89 x | -3.4 x | -4.33 x | -1.98 x | -2.16 x | -0.9 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 1.53 x | 1.02 x | 2.36 x | 3.06 x | 2.28 x | 2.52 x |
| EV / Revenue | 0.68 x | 1.07 x | 2.88 x | 4.78 x | 4.13 x | 5.62 x |
| EV / EBITDA | -4.78 x | -13.4 x | -11.1 x | -7.81 x | -15 x | -3.65 x |
| EV / FCF | -146 x | -5.26 x | -33.8 x | -19.2 x | 57.3 x | 6.98 x |
| FCF Yield | -0.69% | -19% | -2.96% | -5.2% | 1.74% | 14.3% |
| Price to Book | 0.55 x | 0.4 x | 0.72 x | 0.57 x | 0.62 x | 1.02 x |
| Nbr of stocks (in thousands) | 4,982,000 | 6,043,950 | 6,043,950 | 6,043,950 | 6,043,950 | 6,043,950 |
| Reference price 2 | 0.1190 | 0.0700 | 0.1020 | 0.0690 | 0.0560 | 0.0410 |
| Announcement Date | 7/24/18 | 7/24/19 | 7/23/20 | 7/26/21 | 8/11/22 | 9/27/23 |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 387 | 414.6 | 261.8 | 136.4 | 148.7 | 98.21 |
| EBITDA 1 | -54.82 | -33.18 | -68.15 | -83.4 | -41 | -151.4 |
| EBIT 1 | -61.48 | -38.92 | -71.81 | -90.51 | -49.88 | -160.1 |
| Operating Margin | -15.89% | -9.39% | -27.43% | -66.37% | -33.54% | -163.06% |
| Earnings before Tax (EBT) 1 | -58.35 | -121.2 | -147.1 | -204.8 | -154.8 | -275.5 |
| Net income 1 | -59.97 | -122.8 | -142.3 | -210.3 | -156.8 | -274.5 |
| Net margin | -15.5% | -29.63% | -54.37% | -154.23% | -105.45% | -279.5% |
| EPS 2 | -0.0120 | -0.0206 | -0.0235 | -0.0348 | -0.0259 | -0.0454 |
| Free Cash Flow 1 | -1.798 | -84.73 | -22.32 | -33.86 | 10.72 | 79.08 |
| FCF margin | -0.46% | -20.44% | -8.53% | -24.83% | 7.21% | 80.52% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 7/24/18 | 7/24/19 | 7/23/20 | 7/26/21 | 8/11/22 | 9/27/23 |
1HKD in Million2HKD
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | 22.2 | 137 | 234 | 276 | 304 |
| Net Cash position 1 | 331 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | -0.6692 x | -2.009 x | -2.809 x | -6.733 x | -2.011 x |
| Free Cash Flow 1 | -1.8 | -84.7 | -22.3 | -33.9 | 10.7 | 79.1 |
| ROE (net income / shareholders' equity) | -5.53% | -11.5% | -14.7% | -26.4% | -24.6% | -69.9% |
| ROA (Net income/ Total Assets) | -2.97% | -1.76% | -3.34% | -4.71% | -2.85% | -11.2% |
| Assets 1 | 2,018 | 6,967 | 4,257 | 4,470 | 5,493 | 2,461 |
| Book Value Per Share 2 | 0.2100 | 0.1800 | 0.1400 | 0.1200 | 0.0900 | 0.0400 |
| Cash Flow per Share 2 | 0.0400 | 0.0100 | 0.0100 | 0.0200 | 0.0100 | 0.0100 |
| Capex 1 | 2.07 | 16.2 | 5.98 | 18.1 | 7.9 | 19.8 |
| Capex / Sales | 0.53% | 3.91% | 2.28% | 13.24% | 5.31% | 20.12% |
| Announcement Date | 7/24/18 | 7/24/19 | 7/23/20 | 7/26/21 | 8/11/22 | 9/27/23 |
1HKD in Million2HKD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -54.05% | 13.91M | |
| -11.46% | 754M | |
| +22.02% | 402M | |
| -29.00% | 272M | |
| -.--% | 140M | |
| +10.03% | 130M | |
| -28.57% | 128M | |
| +25.03% | 103M | |
| +10.64% | 74.05M | |
| +3.45% | 71.39M |
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- Financials Sincere Watch (Hong Kong) Limited
