Financials Sun Hung Kai & Co. Limited Börse Stuttgart

Equities

Delayed Börse Stuttgart Other stock markets 03:09:22 2024-05-22 am EDT			5-day change	1st Jan Change
0.29 ^EUR	-6.45%		0.00%	+7.41%

May. 13	Hong Kong's Second-Hand Home Sales Slump to Lowest Since Lunar New Year	MT
Apr. 30	Hong Kong hedge fund ActusRayPartners more than doubles assets	RE

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	7,416	6,482	8,206	5,764	4,795	5,109	-	-
Enterprise Value (EV) ¹	18,445	15,839	14,137	15,530	13,007	2,326	676.4	-1,482
P/E ratio	3.56 x	2.55 x	2.92 x	-3.75 x	-10.1 x	8 x	2.45 x	2.27 x
Yield	7.01%	7.95%	6.25%	8.87%	10.7%	10%	10%	10%
Capitalization / Revenue	1.75 x	1.57 x	1.85 x	1.39 x	1.2 x	1.27 x	1.16 x	1.12 x
EV / Revenue	4.36 x	3.83 x	3.19 x	3.74 x	3.25 x	0.58 x	0.15 x	-0.32 x
EV / EBITDA	9.75 x	10.5 x	4.85 x	5.61 x	-	0.83 x	0.22 x	-0.46 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	0.36 x	0.29 x	0.33 x	0.26 x	0.23 x	0.21 x	0.18 x	0.17 x
Nbr of stocks (in thousands)	1,998,882	1,982,394	1,972,591	1,967,371	1,965,168	1,965,158	-	-
Reference price ²	3.710	3.270	4.160	2.930	2.440	2.600	2.600	2.600
Announcement Date	3/30/20	3/18/21	3/17/22	3/16/23	3/21/24	-	-	-

¹HKD in Million²HKD

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	4,231	4,133	4,436	4,154	3,998	4,027	4,417	4,577
EBITDA ¹	1,892	1,514	2,914	2,769	-	2,804	3,020	3,225
EBIT ¹	1,759	1,364	2,740	2,590	2,531	2,569	2,764	2,948
Operating Margin	41.58%	33.01%	61.78%	62.36%	63.29%	63.79%	62.57%	64.4%
Earnings before Tax (EBT) ¹	2,743	3,201	3,773	-892.3	76.6	1,163	2,790	2,964
Net income ¹	2,085	2,548	2,814	-1,535	-471.4	639	2,085	2,247
Net margin	49.28%	61.65%	63.43%	-36.95%	-11.79%	15.87%	47.2%	49.09%
EPS ²	1.042	1.280	1.425	-0.7820	-0.2410	0.3250	1.062	1.146
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.2600	0.2600	0.2600	0.2600	0.2600	0.2600	0.2600	0.2600
Announcement Date	3/30/20	3/18/21	3/17/22	3/16/23	3/21/24	-	-	-

¹HKD in Million²HKD

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	11,030	9,356	5,931	9,766	8,212	-	-	-
Net Cash position ¹	-	-	-	-	-	2,784	4,433	6,592
Leverage (Debt/EBITDA)	5.831 x	6.179 x	2.035 x	3.527 x	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	10.6%	11.8%	11.2%	-6.86%	-1.89%	2.6%	7.65%	7.6%
ROA (Net income/ Total Assets)	5.01%	5.88%	5.77%	-3.58%	-1.4%	1.6%	4.35%	4.45%
Assets ¹	41,621	43,322	48,791	42,915	33,744	39,938	47,933	50,492
Book Value Per Share ²	10.20	11.40	12.70	11.40	10.80	12.60	14.20	15.70
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	13.5	28.5	63	58	-	88.5	94.9	127
Capex / Sales	0.32%	0.69%	1.42%	1.4%	-	2.2%	2.15%	2.78%
Announcement Date	3/30/20	3/18/21	3/17/22	3/16/23	3/21/24	-	-	-

¹HKD in Million²HKD

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2.6 HKD

Average target price

6.93 HKD

Spread / Average Target

+166.54%

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