Financials VCREDIT Holdings Limited

Equities

2003

KYG940441077

Financial Technology (Fintech)

Delayed Hong Kong S.E. 01:11:36 2024-04-29 am EDT 5-day change 1st Jan Change
2.28 HKD +4.11% Intraday chart for VCREDIT Holdings Limited +0.88% 0.00%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022
Capitalization 1 2,939 2,994 1,427 1,686 1,256
Enterprise Value (EV) 1 10,101 10,867 4,813 6,684 3,980
P/E ratio -2.01 x 46.7 x -1.65 x 1.44 x 2.37 x
Yield - - - 5.88% 6.86%
Capitalization / Revenue 2.24 x 2.57 x -5.38 x 0.57 x 0.51 x
EV / Revenue 7.7 x 9.31 x -18.1 x 2.24 x 1.63 x
EV / EBITDA - - - - -
EV / FCF - - - - -
FCF Yield - - - - -
Price to Book 1.06 x 0.97 x 0.63 x 0.5 x 0.33 x
Nbr of stocks (in thousands) 499,487 493,335 487,338 486,954 486,976
Reference price 2 5.883 6.068 2.929 3.463 2.579
Announcement Date 4/26/19 4/16/20 4/14/21 4/20/22 4/25/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 1,289 1,311 1,167 -265.2 2,981 2,442
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 -944.5 -948.4 164.3 -1,063 1,514 695.1
Net income 1 -1,003 -1,027 64.79 -869.6 1,179 532.5
Net margin -77.83% -78.31% 5.55% 327.88% 39.56% 21.81%
EPS 2 -6.956 -2.932 0.1300 -1.770 2.400 1.090
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - 0.2037 0.1769
Announcement Date 6/3/18 4/26/19 4/16/20 4/14/21 4/20/22 4/25/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 13,439 7,163 7,873 3,385 4,998 2,724
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 86.5% -161% 2.2% -32.3% 41.5% 14.8%
ROA (Net income/ Total Assets) -9.75% -8.18% 0.5% -7.69% 12% 4.98%
Assets 1 10,285 12,557 12,984 11,314 9,807 10,690
Book Value Per Share 2 -8.350 5.580 6.290 4.670 6.970 7.850
Cash Flow per Share 2 3.140 2.100 4.400 3.070 3.920 3.270
Capex 1 54.8 18.5 19.9 17.3 14.9 29.2
Capex / Sales 4.25% 1.41% 1.71% -6.51% 0.5% 1.2%
Announcement Date 6/3/18 4/26/19 4/16/20 4/14/21 4/20/22 4/25/23
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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