FORTUNE SUN (CHINA) HOLDINGS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.124 HKD | 0.00% |
|
+1.64% | -21.02% |
| 28/03 | Fortune Sun Holdings Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 2023 | Fortune Sun's H1 Loss Narrows on Higher Revenue; Shares Plunge 20% | MT |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 183.7 | 112.2 | 138.8 | 92.27 | 50.01 | 35.13 |
| Enterprise Value (EV) 1 | 134.6 | 84.33 | 127.6 | 87.89 | 49.61 | 36.08 |
| P/E ratio | -24.3 x | -9.03 x | 2,820 x | -31.7 x | -3.51 x | -3.77 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 7.04 x | 7.81 x | 5.18 x | 2.29 x | 4.19 x | 3.92 x |
| EV / Revenue | 5.16 x | 5.87 x | 4.76 x | 2.18 x | 4.16 x | 4.02 x |
| EV / EBITDA | -14.9 x | -4.9 x | -251 x | -21.1 x | -3.47 x | -3.15 x |
| EV / FCF | 24.6 x | -5.2 x | -23.8 x | -18.9 x | 21.3 x | -96 x |
| FCF Yield | 4.07% | -19.2% | -4.2% | -5.28% | 4.7% | -1.04% |
| Price to Book | 3.7 x | 2.99 x | 3.72 x | 2.69 x | 2.45 x | 3.13 x |
| Nbr of stocks (in thousands) | 2,46,183 | 2,46,183 | 2,46,183 | 2,46,183 | 2,46,183 | 2,46,183 |
| Reference price 2 | 0.7464 | 0.4558 | 0.5639 | 0.3748 | 0.2031 | 0.1427 |
| Announcement Date | 15/04/19 | 28/04/20 | 27/04/21 | 29/04/22 | 27/04/23 | 29/04/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 26.1 | 14.37 | 26.8 | 40.24 | 11.92 | 8.966 |
| EBITDA 1 | -9.01 | -17.2 | -0.508 | -4.161 | -14.31 | -11.44 |
| EBIT 1 | -9.378 | -17.55 | -0.875 | -4.569 | -14.78 | -11.8 |
| Operating Margin | -35.93% | -122.11% | -3.26% | -11.35% | -123.91% | -131.61% |
| Earnings before Tax (EBT) 1 | -6.904 | -16.7 | 0.058 | -2.91 | -14.26 | -9.125 |
| Net income 1 | -7.553 | -12.43 | 0.058 | -2.91 | -14.26 | -9.125 |
| Net margin | -28.94% | -86.51% | 0.22% | -7.23% | -119.57% | -101.77% |
| EPS 2 | -0.0308 | -0.0505 | 0.000200 | -0.0118 | -0.0579 | -0.0379 |
| Free Cash Flow 1 | 5.475 | -16.23 | -5.357 | -4.642 | 2.334 | -0.3756 |
| FCF margin | 20.97% | -112.93% | -19.98% | -11.53% | 19.57% | -4.19% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 15/04/19 | 28/04/20 | 27/04/21 | 29/04/22 | 27/04/23 | 29/04/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | 0.95 |
| Net Cash position 1 | 49.1 | 27.9 | 11.2 | 4.38 | 0.39 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | -0.0827 x |
| Free Cash Flow 1 | 5.47 | -16.2 | -5.36 | -4.64 | 2.33 | -0.38 |
| ROE (net income / shareholders' equity) | -12.7% | -35.7% | 0.15% | -8.13% | -52.2% | -57.7% |
| ROA (Net income/ Total Assets) | -8.7% | -18.4% | -1.14% | -6.19% | -22.9% | -23.5% |
| Assets 1 | 86.79 | 67.64 | -5.105 | 46.98 | 62.4 | 38.78 |
| Book Value Per Share 2 | 0.2000 | 0.1500 | 0.1500 | 0.1400 | 0.0800 | 0.0500 |
| Cash Flow per Share 2 | 0.1000 | 0.0400 | 0.0300 | 0.0300 | 0.0300 | 0.0300 |
| Capex 1 | 0.46 | - | 0.05 | 0.01 | 0.03 | 0.01 |
| Capex / Sales | 1.75% | - | 0.17% | 0.02% | 0.27% | 0.07% |
| Announcement Date | 15/04/19 | 28/04/20 | 27/04/21 | 29/04/22 | 27/04/23 | 29/04/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -21.02% | 3.91M | |
| -5.15% | 26.63B | |
| -5.80% | 18.56B | |
| -21.37% | 10.78B | |
| -15.51% | 9.84B | |
| +7.79% | 9.68B | |
| -3.19% | 6.84B | |
| -10.88% | 5.49B | |
| +28.26% | 4.2B | |
| +118.42% | 2.41B |
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