Projected Income Statement: SJM Holdings Limited

Forecast Balance Sheet: SJM Holdings Limited

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 980 12,925 20,662 25,261 24,956 22,594 20,995 19,335
Change - 1,218.88% 59.86% 22.26% -1.21% -9.47% -7.08% -7.91%
Announcement Date 3/16/20 2/23/21 2/28/22 3/8/23 3/6/24 - - -
1HKD in Million
Estimates

Cash Flow Forecast: SJM Holdings Limited

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
CAPEX 1 5,502 3,448 1,366 1,077 1,529 1,500 1,681 1,635
Change - -37.33% -60.38% -21.13% 41.93% -1.88% 12.01% -2.69%
Free Cash Flow (FCF) 1 -1,078 -11,328 -5,906 -5,295 2,107 2,306 3,106 3,847
Change - 950.61% -47.86% -10.36% -139.8% 9.43% 34.71% 23.84%
Announcement Date 3/16/20 2/23/21 2/28/22 3/8/23 3/6/24 - - -
1HKD in Million
Estimates

Forecast Financial Ratios: SJM Holdings Limited

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026

Profitability

        
EBITDA Margin (%) 12.44% -27.83% -15.69% -46.34% 7.99% 13.17% 14.71% 15.74%
EBIT Margin (%) 9.32% -41.15% -28.16% -74.72% -0.52% 6.4% 8.22% 9.57%
EBT Margin (%) 9.95% -41.99% -41.45% -116.6% -8.5% 0.88% 3.38% 5.88%
Net margin (%) 9.47% -40.3% -41.12% -116.77% -9.29% 0.86% 3.32% 5.67%
FCF margin (%) -3.18% -150.9% -58.62% -79.28% 9.75% 8.01% 9.99% 11.69%
FCF / Net Income (%) -33.62% 374.48% 142.53% 67.89% -104.85% 926.96% 301.1% 206.01%

Profitability

        
ROA 5.63% -5.48% -8.08% -15.21% -3.93% 0.63% 1.76% 3.72%
ROE 11.34% -11.3% -18.47% -42.92% -13.43% 2.22% 7.64% 10.83%

Financial Health

        
Leverage (Debt/EBITDA) 0.23x -6.19x -13.07x -8.16x 14.45x 5.96x 4.59x 3.73x
Debt / Free cash flow -0.91x -1.14x -3.5x -4.77x 11.84x 9.8x 6.76x 5.03x

Capital Intensity

        
CAPEX / Current Assets (%) 16.24% 45.93% 13.56% 16.13% 7.07% 5.21% 5.4% 4.97%
CAPEX / EBITDA (%) 130.59% -165.04% -86.4% -34.81% 88.54% 39.57% 36.72% 31.56%
CAPEX / FCF (%) -510.26% -30.44% -23.13% -20.35% 72.57% 65.07% 54.1% 42.51%

Items per share

        
Cash flow per share 1 0.7808 -1.39 -0.7992 -0.663 0.5344 0.803 0.6802 0.8319
Change - -278% -42.49% -17.04% -180.6% 50.27% -15.29% 22.3%
Dividend per Share 1 0.3 - - - - - 0.0057 0.1108
Change - - - - - - - 1,844.04%
Book Value Per Share 1 5.12 4.326 3.581 2.253 1.962 2.005 2.135 2.36
Change - -15.51% -17.22% -37.09% -12.9% 2.18% 6.48% 10.55%
EPS 1 0.566 -0.533 -0.729 -1.226 -0.283 0.0228 0.1384 0.2496
Change - -194.17% 36.77% 68.18% -76.92% -108.07% 506.09% 80.39%
Nbr of stocks (in thousands) 5,664,369 5,678,144 5,681,444 7,101,805 7,101,805 7,101,805 7,101,805 7,101,805
Announcement Date 3/16/20 2/23/21 2/28/22 3/8/23 3/6/24 - - -
1HKD
Estimates
2024 *2025 *
P/E ratio 107x 17.6x
PBR 1.22x 1.14x
EV / Sales 1.39x 1.23x
Yield - 0.23%
More valuation ratios * Estimated data

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Trading Rating
Investor Rating
ESG MSCI
BB
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
17
Last Close Price
2.440HKD
Average target price
3.302HKD
Spread / Average Target
+35.32%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. 880 Stock
  4. Financials SJM Holdings Limited