Financials Zijing International Financial Holdings Limited

Equities

8340

KYG9360V1178

Investment Management & Fund Operators

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
0.196 HKD +4.81% Intraday chart for Zijing International Financial Holdings Limited +5.38% -14.41%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 505.6 80.64 33.92 176 36.48 22.08
Enterprise Value (EV) 1 468.7 45.78 8.758 150.8 14.23 15.26
P/E ratio 37.8 x 44.7 x -5.07 x -63.5 x 6.25 x -2.92 x
Yield 0.99% - - - - -
Capitalization / Revenue 14 x 3.99 x 3.04 x 20.4 x 1.96 x 1.32 x
EV / Revenue 13 x 2.26 x 0.79 x 17.5 x 0.77 x 0.91 x
EV / EBITDA 30.3 x 22.9 x -1.4 x -63.3 x 2.36 x -2.12 x
EV / FCF 39.7 x 107 x -2.38 x 146 x 8.3 x -2.04 x
FCF Yield 2.52% 0.93% -42.1% 0.69% 12% -49%
Price to Book 13.9 x 2.3 x 1.2 x 6.87 x 1.16 x 0.92 x
Nbr of stocks (in thousands) 64,000 64,000 64,000 64,000 64,000 64,000
Reference price 2 7.900 1.260 0.5300 2.750 0.5700 0.3450
Announcement Date 3/28/18 3/28/19 3/25/20 3/31/21 3/31/22 3/31/23
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 36.04 20.22 11.15 8.62 18.58 16.77
EBITDA 1 15.46 2.003 -6.276 -2.383 6.02 -7.195
EBIT 1 15.42 1.958 -6.579 -2.722 5.991 -7.491
Operating Margin 42.77% 9.69% -59.02% -31.58% 32.24% -44.68%
Earnings before Tax (EBT) 1 15.42 1.958 -6.692 -2.773 5.891 -7.569
Net income 1 13.38 1.804 -6.692 -2.773 5.833 -7.569
Net margin 37.12% 8.92% -60.03% -32.17% 31.39% -45.14%
EPS 2 0.2090 0.0282 -0.1046 -0.0433 0.0911 -0.1183
Free Cash Flow 1 11.82 0.4268 -3.686 1.036 1.714 -7.472
FCF margin 32.79% 2.11% -33.06% 12.02% 9.22% -44.57%
FCF Conversion (EBITDA) 76.48% 21.31% - - 28.47% -
FCF Conversion (Net income) 88.36% 23.66% - - 29.38% -
Dividend per Share 2 0.0781 - - - - -
Announcement Date 3/28/18 3/28/19 3/25/20 3/31/21 3/31/22 3/31/23
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 36.9 34.9 25.2 25.2 22.2 6.82
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 11.8 0.43 -3.69 1.04 1.71 -7.47
ROE (net income / shareholders' equity) 43.8% 5.06% -21.1% -10.3% 20.5% -27.3%
ROA (Net income/ Total Assets) 29.6% 3.18% -12% -5.89% 11.5% -13.3%
Assets 1 45.23 56.66 55.99 47.07 50.56 57.12
Book Value Per Share 2 0.5700 0.5500 0.4400 0.4000 0.4900 0.3800
Cash Flow per Share 2 0.5700 0.5400 0.4300 0.4000 0.4200 0.2100
Capex 1 0.04 0.07 0.64 - 0.12 1.29
Capex / Sales 0.12% 0.33% 5.74% - 0.64% 7.72%
Announcement Date 3/28/18 3/28/19 3/25/20 3/31/21 3/31/22 3/31/23
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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