VSTECS HOLDINGS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5 HKD | +2.67% |
|
+7.07% | +13.64% |
| Mar. 21 | VSTECS’s Profit Up in 2023 | MT |
| Mar. 21 | Vstecs Holdings Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 12 July 2024 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 5,525 | 5,813 | 9,250 | 10,637 | 6,529 | 7,184 | 7,184 | - |
| Enterprise Value (EV) 1 | 5,525 | 5,813 | 9,250 | 10,637 | 6,529 | 7,184 | 7,184 | 7,184 |
| P/E ratio | 7.35 x | 7.02 x | 8.43 x | 7.88 x | 7.74 x | 7.81 x | 6.85 x | 6.17 x |
| Yield | 4.01% | 4.18% | 3.46% | 3.69% | 3.78% | - | - | - |
| Capitalization / Revenue | 0.09 x | 0.09 x | 0.13 x | 0.14 x | 0.08 x | 0.09 x | 0.09 x | 0.09 x |
| EV / Revenue | 0.09 x | 0.09 x | 0.13 x | 0.14 x | 0.08 x | 0.09 x | 0.09 x | 0.09 x |
| EV / EBITDA | 4.69 x | - | 6.34 x | 6.5 x | 4.44 x | 4.63 x | - | - |
| EV / FCF | - | 5,231,147 x | 3,569,746 x | 16,573,377 x | 143,914,896 x | - | - | - |
| FCF Yield | - | 0% | 0% | 0% | 0% | - | - | - |
| Price to Book | 1.08 x | 1 x | 1.32 x | 1.31 x | 0.85 x | 0.88 x | 0.78 x | 0.69 x |
| Nbr of stocks (in thousands) | 1,457,864 | 1,453,342 | 1,454,452 | 1,455,172 | 1,450,918 | 1,436,890 | 1,436,890 | - |
| Reference price 2 | 3.790 | 4.000 | 6.360 | 7.310 | 4.500 | 5.000 | 5.000 | 5.000 |
| Announcement Date | 3/26/19 | 3/24/20 | 3/25/21 | 3/24/22 | 3/23/23 | - | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 62,482 | 66,210 | 69,962 | 78,335 | 77,324 | 79,681 | 77,286 | 82,956 |
| EBITDA 1 | 1,179 | - | 1,459 | 1,637 | 1,470 | 1,552 | - | - |
| EBIT 1 | 1,241 | 1,260 | 1,420 | 1,661 | 1,328 | 1,354 | - | - |
| Operating Margin | 1.99% | 1.9% | 2.03% | 2.12% | 1.72% | 1.7% | - | - |
| Earnings before Tax (EBT) 1 | 947 | 1,010 | 1,247 | 1,555 | 1,082 | 1,128 | 1,305 | 1,453 |
| Net income 1 | 740.8 | 809.9 | 1,068 | 1,314 | 823.1 | 925 | 1,044 | 1,163 |
| Net margin | 1.19% | 1.22% | 1.53% | 1.68% | 1.06% | 1.16% | 1.35% | 1.4% |
| EPS 2 | 0.5153 | 0.5696 | 0.7545 | 0.9274 | 0.5815 | 0.6400 | 0.7300 | 0.8100 |
| Free Cash Flow | - | 1,111 | 2,591 | 641.8 | 45.37 | - | - | - |
| FCF margin | - | 1.68% | 3.7% | 0.82% | 0.06% | - | - | - |
| FCF Conversion (EBITDA) | - | - | 177.6% | 39.21% | 3.09% | - | - | - |
| FCF Conversion (Net income) | - | 137.21% | 242.73% | 48.84% | 5.51% | - | - | - |
| Dividend per Share | 0.1520 | 0.1670 | 0.2200 | 0.2700 | 0.1700 | - | - | - |
| Announcement Date | 3/26/19 | 3/24/20 | 3/25/21 | 3/24/22 | 3/23/23 | - | - | - |
1HKD in Million2HKD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | 1,111 | 2,591 | 642 | 45.4 | - | - | - |
| ROE (net income / shareholders' equity) | 15% | 15.1% | 17.1% | 17.8% | 10.6% | 11.2% | 11.3% | 11.2% |
| ROA (Net income/ Total Assets) | 3.33% | 3.32% | 3.93% | 4.27% | 2.46% | 2.5% | 2.9% | 3% |
| Assets 1 | 22,267 | 24,407 | 27,181 | 30,801 | 33,472 | 37,000 | 36,000 | 38,767 |
| Book Value Per Share 2 | 3.520 | 3.980 | 4.830 | 5.580 | 5.280 | 5.710 | 6.430 | 7.220 |
| Cash Flow per Share | -0.5900 | 0.8100 | - | 0.4900 | - | - | - | - |
| Capex | 40.3 | 35.6 | 25 | 47.8 | 21.6 | - | - | - |
| Capex / Sales | 0.06% | 0.05% | 0.04% | 0.06% | 0.03% | - | - | - |
| Announcement Date | 3/26/19 | 3/24/20 | 3/25/21 | 3/24/22 | 3/23/23 | - | - | - |
1HKD in Million2HKD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
5
HKD
Average target price
6
HKD
Spread / Average Target
+20.00%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +13.64% | 918M | |
| +63.48% | 89.27B | |
| -6.95% | 27.4B | |
| +1.12% | 22.32B | |
| +0.78% | 18.07B | |
| -8.90% | 12.3B | |
| +9.13% | 10.03B | |
| +14.60% | 9.94B | |
| -14.40% | 9.54B | |
| +17.98% | 9.41B |
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