Financials Chervon Holdings Limited

Equities

Market Closed - Hong Kong S.E. Other stock markets 01:38:20 26/04/2024 pm IST			5-day change	1st Jan Change
20.05 ^HKD	+3.35%		+10.90%	-15.93%

29/03	Chervon Swings to Loss in 2023; Proposes Special Dividend	MT
27/03	Chervon Holdings Limited Proposes Special Dividend for the Financial Year End 31 December 2023, Payable on July 16, 2024	CI

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	3,561	2,702	1,561	1,309	-	-
Enterprise Value (EV) ¹	3,561	2,565	1,561	1,244	1,164	1,058
P/E ratio	24.6 x	19.7 x	-43.6 x	20.8 x	10.4 x	9.2 x
Yield	0.96%	1.3%	-	1.04%	1.82%	2.32%
Capitalization / Revenue	2.03 x	1.36 x	1.14 x	0.84 x	0.72 x	0.63 x
EV / Revenue	2.03 x	1.29 x	1.14 x	0.8 x	0.64 x	0.51 x
EV / EBITDA	16.3 x	11.4 x	174 x	10.1 x	5.94 x	4.7 x
EV / FCF	46.2 x	-52.2 x	-	18.9 x	-29.1 x	88.2 x
FCF Yield	2.16%	-1.92%	-	5.3%	-3.44%	1.13%
Price to Book	3.77 x	2.86 x	-	1.27 x	1.14 x	1.04 x
Nbr of stocks (in thousands)	4,79,431	4,90,219	5,11,054	5,11,054	-	-
Reference price ²	7.427	5.513	3.054	2.561	2.561	2.561
Announcement Date	30/03/22	28/03/23	27/03/24	-	-	-

¹USD in Million²USD

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	1,758	1,989	1,375	1,563	1,806	2,071
EBITDA ¹	-	218.2	225.1	8.956	122.8	195.7	225.2
EBIT ¹	-	188.3	189.1	-27.22	78.67	129.3	171.5
Operating Margin	-	10.71%	9.51%	-1.98%	5.03%	7.16%	8.28%
Earnings before Tax (EBT) ¹	-	176.1	161.4	-48.86	67.93	151	168.8
Net income ¹	44.36	144.5	139.4	-37.14	62.62	126.3	140.1
Net margin	-	8.22%	7.01%	-2.7%	4.01%	6.99%	6.76%
EPS ²	0.1100	0.3015	0.2800	-0.0700	0.1234	0.2468	0.2785
Free Cash Flow ¹	-	77.05	-49.12	-	66	-40	12
FCF margin	-	4.38%	-2.47%	-	4.22%	-2.21%	0.58%
FCF Conversion (EBITDA)	-	35.31%	-	-	53.76%	-	5.33%
FCF Conversion (Net income)	-	53.3%	-	-	105.39%	-	8.57%
Dividend per Share ²	-	0.0715	0.0718	-	0.0267	0.0465	0.0593
Announcement Date	17/12/21	30/03/22	28/03/23	27/03/24	-	-	-

¹USD in Million²USD

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-
Net Cash position ¹	-	-	137	-	64.8	145	250
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow ¹	-	77	-49.1	-	66	-40	12
ROE (net income / shareholders' equity)	-	27.4%	16%	-	6.8%	10.9%	11.3%
ROA (Net income/ Total Assets)	-	9.18%	7.11%	-	2.45%	6.33%	6.2%
Assets ¹	-	1,574	1,959	-	2,556	1,994	2,260
Book Value Per Share ²	-	1.970	1.930	-	2.020	2.250	2.460
Cash Flow per Share ²	-	0.3900	0.0500	-	0.1100	0.2200	0.3200
Capex ¹	-	81.2	72.2	-	81.3	91.7	97.5
Capex / Sales	-	4.62%	3.63%	-	5.2%	5.08%	4.71%
Announcement Date	17/12/21	30/03/22	28/03/23	27/03/24	-	-	-

¹USD in Million²USD

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2.561 USD

Average target price

3.042 USD

Spread / Average Target

+18.79%

	1st Jan change	Capi.
CHERVON HOLDINGS LIMITED	-15.93%	1.31B
ATLAS COPCO AB	+11.73%	82.35B
PARKER-HANNIFIN CORPORATION	+20.17%	71.09B
INGERSOLL RAND INC.	+20.89%	37.73B
XYLEM INC.	+15.77%	32.01B
FANUC CORPORATION	+9.19%	27.2B
FORTIVE CORPORATION	+3.18%	26.74B
SANDVIK AB	+4.22%	26B
TECHTRONIC INDUSTRIES CO. LTD.	+16.93%	25.5B
DOVER CORPORATION	+17.14%	24.76B