TONGDA HONG TAI HOLDINGS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.55 HKD | 0.00% |
|
-8.33% | -11.29% |
| Apr. 03 | Tongda Hong Tai Holdings Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Mar. 21 | Tongda Hong Tai Expects to Slash Losses in 2023 | MT |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 234.5 | 149.4 | 76.59 | 42.21 | 79.65 | 42.21 |
| Enterprise Value (EV) 1 | 508.1 | 419.2 | 324.8 | 335.6 | 285.7 | 109.2 |
| P/E ratio | 55 x | -2.19 x | -0.46 x | -0.2 x | -0.31 x | -1.12 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 0.46 x | 0.28 x | 0.16 x | 0.11 x | 0.53 x | 0.46 x |
| EV / Revenue | 1 x | 0.79 x | 0.69 x | 0.91 x | 1.9 x | 1.2 x |
| EV / EBITDA | 16.9 x | -12.5 x | -4.35 x | -1.85 x | -1.59 x | -4.08 x |
| EV / FCF | -3.15 x | 6.99 x | 5.37 x | 10.7 x | 2.64 x | 0.83 x |
| FCF Yield | -31.7% | 14.3% | 18.6% | 9.32% | 37.9% | 121% |
| Price to Book | 0.61 x | 0.5 x | 0.53 x | -0.98 x | -0.39 x | -0.18 x |
| Nbr of stocks (in thousands) | 18,912 | 18,912 | 18,912 | 22,692 | 68,075 | 68,075 |
| Reference price 2 | 12.40 | 7.900 | 4.050 | 1.860 | 1.170 | 0.6200 |
| Announcement Date | 4/10/19 | 4/14/20 | 4/22/21 | 4/6/22 | 4/17/23 | 4/3/24 |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 507.4 | 532.9 | 472.4 | 370.7 | 150.5 | 91.26 |
| EBITDA 1 | 30.12 | -33.6 | -74.68 | -181.7 | -179.7 | -26.78 |
| EBIT 1 | 8.311 | -55.44 | -92.66 | -188.7 | -186.7 | -26.92 |
| Operating Margin | 1.64% | -10.4% | -19.62% | -50.91% | -124.04% | -29.5% |
| Earnings before Tax (EBT) 1 | 4.073 | -68.12 | -165.3 | -197 | -231.4 | -37.85 |
| Net income 1 | 4.073 | -68.12 | -165.3 | -197 | -231.4 | -37.85 |
| Net margin | 0.8% | -12.78% | -34.99% | -53.13% | -153.72% | -41.47% |
| EPS 2 | 0.2256 | -3.602 | -8.739 | -9.196 | -3.741 | -0.5559 |
| Free Cash Flow 1 | -161.1 | 59.98 | 60.53 | 31.27 | 108.2 | 132.3 |
| FCF margin | -31.74% | 11.25% | 12.81% | 8.44% | 71.87% | 145.01% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 4/10/19 | 4/14/20 | 4/22/21 | 4/6/22 | 4/17/23 | 4/3/24 |
1HKD in Million2HKD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 274 | 270 | 248 | 293 | 206 | 67 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 9.084 x | -8.032 x | -3.323 x | -1.615 x | -1.147 x | -2.501 x |
| Free Cash Flow 1 | -161 | 60 | 60.5 | 31.3 | 108 | 132 |
| ROE (net income / shareholders' equity) | 1.26% | -20% | -74.6% | -390% | 188% | 17.3% |
| ROA (Net income/ Total Assets) | 0.66% | -4.32% | -8.47% | -22.6% | -40.2% | -14.4% |
| Assets 1 | 614.8 | 1,577 | 1,950 | 873.2 | 575.2 | 263.3 |
| Book Value Per Share 2 | 20.20 | 15.80 | 7.620 | -1.900 | -2.990 | -3.430 |
| Cash Flow per Share 2 | 3.170 | 1.310 | 1.850 | 0.4900 | 0.1100 | 0.0900 |
| Capex 1 | 12.3 | 8.61 | 5.08 | 4.52 | 0.69 | 0.59 |
| Capex / Sales | 2.42% | 1.62% | 1.08% | 1.22% | 0.46% | 0.64% |
| Announcement Date | 4/10/19 | 4/14/20 | 4/22/21 | 4/6/22 | 4/17/23 | 4/3/24 |
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. | |
|---|---|---|
| -11.29% | 14.35M | |
| -7.80% | 303M | |
| -26.43% | 79.35M |
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