Financials Wing Tai Properties Limited

Equities

369

BMG9716V1000

Real Estate Development & Operations

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
2.18 HKD -0.91% Intraday chart for Wing Tai Properties Limited +0.46% -20.44%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 6,952 4,849 5,731 4,746 3,719 2,959 -
Enterprise Value (EV) 1 9,894 8,039 11,069 4,746 3,719 7,582 8,046
P/E ratio 28.6 x -7.16 x 6.71 x -8.75 x -4.15 x 21.8 x 31.1 x
Yield 5.25% 7.54% 6.38% 7.71% - 6.42% 6.42%
Capitalization / Revenue 8.38 x 1.75 x 1.67 x 1.16 x 4.21 x 3.02 x 3.17 x
EV / Revenue 11.9 x 2.89 x 3.23 x 1.16 x 4.21 x 7.74 x 8.61 x
EV / EBITDA 35.2 x 10.8 x 8.09 x 4.95 x 19.4 x 25.8 x 29.9 x
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Price to Book - - - - - - -
Nbr of stocks (in thousands) 1,352,619 1,354,530 1,354,742 1,355,971 1,357,200 1,357,200 -
Reference price 2 5.140 3.580 4.230 3.500 2.740 2.180 2.180
Announcement Date 3/27/20 3/25/21 3/24/22 3/23/23 3/21/24 - -
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 829.5 2,778 3,423 4,097 882.4 980 934
EBITDA 1 280.9 741.6 1,369 958.8 191.9 294 269
EBIT 1 267.3 723.4 1,352 950.1 187.5 289 265
Operating Margin 32.22% 26.04% 39.5% 23.19% 21.25% 29.49% 28.37%
Earnings before Tax (EBT) 1 374.7 -555.1 1,045 -152 -768.6 259 209
Net income 1 239 -674.4 854.4 -540 -890.4 131 99
Net margin 28.81% -24.28% 24.96% -13.18% -100.91% 13.37% 10.6%
EPS 2 0.1800 -0.5000 0.6300 -0.4000 -0.6600 0.1000 0.0700
Free Cash Flow - - - - - - -
FCF margin - - - - - - -
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 0.2700 0.2700 0.2700 0.2700 - 0.1400 0.1400
Announcement Date 3/27/20 3/25/21 3/24/22 3/23/23 3/21/24 - -
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 2,941 3,190 5,339 - - 4,623 5,087
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) 10.47 x 4.301 x 3.899 x - - 15.72 x 18.91 x
Free Cash Flow - - - - - - -
ROE (net income / shareholders' equity) 0.83% -2.4% 3.06% - - 0.5% 0.4%
ROA (Net income/ Total Assets) - -1.83% - - - 0.4% 0.3%
Assets 1 - 36,784 - - - 32,750 33,000
Book Value Per Share - - - - - - -
Cash Flow per Share - - - - - - -
Capex 1 14.3 9.5 - 6 - 18 18
Capex / Sales 1.72% 0.34% - 0.15% - 1.84% 1.93%
Announcement Date 3/27/20 3/25/21 3/24/22 3/23/23 3/21/24 - -
1HKD in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
2.18 HKD
Average target price
2.94 HKD
Spread / Average Target
+34.86%
Consensus

Annual profits - Rate of surprise

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