Financials SMC Electric Limited

Equities

2381

KYG823071025

Industrial Machinery & Equipment

Market Closed - Hong Kong S.E. 04:08:06 2024-04-30 am EDT 5-day change 1st Jan Change
0.083 HKD +1.22% Intraday chart for SMC Electric Limited +3.75% -10.75%

Valuation

Fiscal Period: December 2020 2021 2022
Capitalization 1 188 226 216
Enterprise Value (EV) 1 117.7 138.7 132.1
P/E ratio 4.87 x 7.98 x 9.66 x
Yield 4.26% 2.65% 27.8%
Capitalization / Revenue 0.75 x 0.98 x 0.85 x
EV / Revenue 0.47 x 0.6 x 0.52 x
EV / EBITDA 2.5 x 4.23 x 4.82 x
EV / FCF 0.8 x 8.85 x 3.07 x
FCF Yield 125% 11.3% 32.5%
Price to Book 1.31 x 1.37 x 1.56 x
Nbr of stocks (in thousands) 2,000,000 2,000,000 2,000,000
Reference price 2 0.0940 0.1130 0.1080
Announcement Date 4/26/21 4/26/22 4/25/23
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 251 266.1 278 249.4 230.4 254.5
EBITDA 1 37.97 45.08 60.41 47.13 32.77 27.4
EBIT 1 37.49 44.58 59.73 46.05 31.37 25.35
Operating Margin 14.94% 16.76% 21.49% 18.46% 13.61% 9.96%
Earnings before Tax (EBT) 1 38.88 44.78 57.01 44.84 34.06 29.18
Net income 1 31.21 34.63 45.37 36.35 28.32 22.37
Net margin 12.43% 13.02% 16.32% 14.58% 12.29% 8.79%
EPS - - - 0.0193 0.0142 0.0112
Free Cash Flow 1 -12.79 -0.0848 1.325 147.6 15.68 42.97
FCF margin -5.1% -0.03% 0.48% 59.19% 6.8% 16.89%
FCF Conversion (EBITDA) - - 2.19% 313.24% 47.83% 156.86%
FCF Conversion (Net income) - - 2.92% 406.11% 55.35% 192.11%
Dividend per Share - - - 0.004000 0.003000 0.0300
Announcement Date 2/29/20 2/29/20 5/19/20 4/26/21 4/26/22 4/25/23
1HKD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 21.3 9.29 4.85 - - -
Net Cash position 1 - - - 70.3 87.3 83.9
Leverage (Debt/EBITDA) 0.5614 x 0.2061 x 0.0802 x - - -
Free Cash Flow 1 -12.8 -0.08 1.32 148 15.7 43
ROE (net income / shareholders' equity) 39.8% 30.2% 28.8% 22.5% 18.4% 14.8%
ROA (Net income/ Total Assets) 16.5% 15.2% 15.7% 12.3% 9.25% 7.79%
Assets 1 189.1 227.2 288.2 296 306.1 287
Book Value Per Share - - - 0.0700 0.0800 0.0700
Cash Flow per Share - - - 0.0400 0.0500 0.0400
Capex 1 0.47 0.69 2.03 2.88 4.2 0.81
Capex / Sales 0.19% 0.26% 0.73% 1.15% 1.82% 0.32%
Announcement Date 2/29/20 2/29/20 5/19/20 4/26/21 4/26/22 4/25/23
1HKD in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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