Financials Wong's Kong King International (Holdings) Limited

Equities

532

BMG9737M1055

Semiconductor Equipment & Testing

Delayed Hong Kong S.E. 04:08:22 2024-04-29 am EDT 5-day change 1st Jan Change
0.49 HKD 0.00% Intraday chart for Wong's Kong King International (Holdings) Limited 0.00% -9.26%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 877.9 758.6 510.6 393.9 751.6 503.6
Enterprise Value (EV) 1 901.1 1,232 650.7 96.62 582.2 616.7
P/E ratio 8.01 x 9.26 x 7.93 x 3.89 x 10.4 x 7.02 x
Yield 5.88% 6.25% 1.43% 11.1% 4.85% 7.25%
Capitalization / Revenue 0.18 x 0.14 x 0.1 x 0.08 x 0.14 x 0.11 x
EV / Revenue 0.18 x 0.23 x 0.12 x 0.02 x 0.11 x 0.13 x
EV / EBITDA 4.38 x 6.59 x 3.88 x 0.49 x 3.28 x 3.3 x
EV / FCF -89.9 x -3.48 x 1.51 x 0.24 x -17.5 x -3.35 x
FCF Yield -1.11% -28.7% 66.3% 410% -5.7% -29.9%
Price to Book 0.55 x 0.47 x 0.32 x 0.23 x 0.43 x 0.29 x
Nbr of stocks (in thousands) 737,706 729,448 729,448 729,448 729,748 729,898
Reference price 2 1.190 1.040 0.7000 0.5400 1.030 0.6900
Announcement Date 4/26/18 4/23/19 4/28/20 4/28/21 4/27/22 4/27/23
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 4,928 5,296 5,258 4,716 5,444 4,620
EBITDA 1 205.8 187 167.8 198.8 177.6 187.1
EBIT 1 158.6 135.7 118.4 149.1 130.5 141
Operating Margin 3.22% 2.56% 2.25% 3.16% 2.4% 3.05%
Earnings before Tax (EBT) 1 153 121 101.9 141 142.4 154
Net income 1 111.5 82.11 64.38 101.2 72.01 71.76
Net margin 2.26% 1.55% 1.22% 2.15% 1.32% 1.55%
EPS 2 0.1485 0.1123 0.0883 0.1387 0.0987 0.0983
Free Cash Flow 1 -10.02 -353.7 431.7 396.4 -33.21 -184.1
FCF margin -0.2% -6.68% 8.21% 8.4% -0.61% -3.99%
FCF Conversion (EBITDA) - - 257.28% 199.38% - -
FCF Conversion (Net income) - - 670.58% 391.75% - -
Dividend per Share 2 0.0700 0.0650 0.0100 0.0600 0.0500 0.0500
Announcement Date 4/26/18 4/23/19 4/28/20 4/28/21 4/27/22 4/27/23
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 23.3 473 140 - - 113
Net Cash position 1 - - - 297 169 -
Leverage (Debt/EBITDA) 0.113 x 2.531 x 0.8348 x - - 0.6042 x
Free Cash Flow 1 -10 -354 432 396 -33.2 -184
ROE (net income / shareholders' equity) 6.98% 5.26% 4.14% 6.73% 5.3% 6.08%
ROA (Net income/ Total Assets) 3.13% 2.41% 2.14% 2.8% 2.32% 2.36%
Assets 1 3,560 3,411 3,006 3,615 3,103 3,038
Book Value Per Share 2 2.150 2.200 2.190 2.350 2.410 2.390
Cash Flow per Share 2 0.7300 0.3400 0.6100 0.8200 0.9400 0.9200
Capex 1 28.2 26.9 36.2 52.2 44.7 21.7
Capex / Sales 0.57% 0.51% 0.69% 1.11% 0.82% 0.47%
Announcement Date 4/26/18 4/23/19 4/28/20 4/28/21 4/27/22 4/27/23
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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