Financials Wai Chi Holdings Company Limited

Equities

1305

KYG9427Y1044

Semiconductors

Market Closed - Hong Kong S.E. 04:08:22 2024-04-29 am EDT 5-day change 1st Jan Change
0.91 HKD +2.25% Intraday chart for Wai Chi Holdings Company Limited -4.21% -14.15%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 279.7 258 158.3 86.73 273.2 336.1
Enterprise Value (EV) 1 266.8 365.6 319.9 284.9 447 477.2
P/E ratio 12.5 x 5.72 x 4.26 x 2.8 x 5.31 x 5.61 x
Yield - - - - - -
Capitalization / Revenue 0.17 x 0.11 x 0.07 x 0.06 x 0.14 x 0.15 x
EV / Revenue 0.16 x 0.16 x 0.14 x 0.2 x 0.23 x 0.22 x
EV / EBITDA 3.46 x 4.27 x 3.37 x 3.62 x 3.36 x 5.19 x
EV / FCF 2.89 x -6.98 x -2.49 x 2.67 x 4.28 x -17.3 x
FCF Yield 34.6% -14.3% -40.1% 37.4% 23.4% -5.78%
Price to Book 0.43 x 0.39 x 0.23 x 0.12 x 0.33 x 0.41 x
Nbr of stocks (in thousands) 216,825 216,825 216,825 216,825 216,825 216,825
Reference price 2 1.290 1.190 0.7300 0.4000 1.260 1.550
Announcement Date 4/18/18 4/18/19 4/17/20 4/19/21 4/29/22 4/21/23
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 1,678 2,250 2,215 1,396 1,923 2,216
EBITDA 1 77.05 85.53 95.03 78.7 133.1 91.97
EBIT 1 39.39 43.67 51.82 33.44 84.79 38.71
Operating Margin 2.35% 1.94% 2.34% 2.4% 4.41% 1.75%
Earnings before Tax (EBT) 1 28.33 49.52 40.17 30.7 51.87 59.17
Net income 1 22.33 45.11 37.15 30.96 51.47 59.91
Net margin 1.33% 2% 1.68% 2.22% 2.68% 2.7%
EPS 2 0.1030 0.2080 0.1713 0.1428 0.2374 0.2763
Free Cash Flow 1 92.24 -52.42 -128.4 106.7 104.5 -27.58
FCF margin 5.5% -2.33% -5.8% 7.64% 5.44% -1.24%
FCF Conversion (EBITDA) 119.72% - - 135.54% 78.53% -
FCF Conversion (Net income) 413.08% - - 344.59% 203.03% -
Dividend per Share - - - - - -
Announcement Date 4/18/18 4/18/19 4/17/20 4/19/21 4/29/22 4/21/23
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - 108 162 198 174 141
Net Cash position 1 13 - - - - -
Leverage (Debt/EBITDA) - 1.258 x 1.701 x 2.518 x 1.306 x 1.534 x
Free Cash Flow 1 92.2 -52.4 -128 107 104 -27.6
ROE (net income / shareholders' equity) 3.64% 6.91% 5.56% 4.35% 6.61% 7.14%
ROA (Net income/ Total Assets) 1.52% 1.63% 2.04% 1.15% 2.37% 0.94%
Assets 1 1,467 2,770 1,822 2,697 2,168 6,383
Book Value Per Share 2 2.980 3.040 3.120 3.460 3.770 3.810
Cash Flow per Share 2 0.5200 0.1100 0.4700 0.4700 0.5200 1.190
Capex 1 35.9 51.2 60.6 82.2 25.4 50.7
Capex / Sales 2.14% 2.28% 2.73% 5.89% 1.32% 2.29%
Announcement Date 4/18/18 4/18/19 4/17/20 4/19/21 4/29/22 4/21/23
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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