FUTIAN HOLDINGS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.37 HKD | +2.78% |
|
+10.45% | +39.62% |
| 17/04 | Moody Technology Abandons Potential Acquisition of China TianYF Stake | MT |
| 25/03 | Futian Holdings Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 302.9 | 174.3 | 63.12 | 66 | 288.8 | 72.26 |
| Enterprise Value (EV) 1 | 313 | 188.7 | 57.56 | 58.75 | 258.7 | 19.03 |
| P/E ratio | 36.2 x | -7.21 x | -0.59 x | -3.87 x | -25 x | 25.2 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 1.7 x | 1.43 x | 0.83 x | 0.56 x | 1.12 x | 0.68 x |
| EV / Revenue | 1.75 x | 1.55 x | 0.76 x | 0.5 x | 1.01 x | 0.18 x |
| EV / EBITDA | 26.2 x | -6.16 x | -3.19 x | -4.4 x | -177 x | 1.78 x |
| EV / FCF | -4.33 x | -5.22 x | 0.32 x | 12.5 x | 10.8 x | 1.13 x |
| FCF Yield | -23.1% | -19.1% | 317% | 8% | 9.23% | 88.2% |
| Price to Book | 1.36 x | 0.88 x | 0.69 x | 0.88 x | 4.06 x | 0.96 x |
| Nbr of stocks (in thousands) | 3,00,000 | 3,00,000 | 3,00,000 | 3,00,000 | 3,00,000 | 3,00,000 |
| Reference price 2 | 1.010 | 0.5809 | 0.2104 | 0.2200 | 0.9627 | 0.2409 |
| Announcement Date | 29/03/19 | 30/03/20 | 30/03/21 | 30/03/22 | 30/03/23 | 03/04/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 178.4 | 121.6 | 75.62 | 118.4 | 256.7 | 106.6 |
| EBITDA 1 | 11.93 | -30.61 | -18.03 | -13.36 | -1.463 | 10.7 |
| EBIT 1 | 6.693 | -34.03 | -21.4 | -16.18 | -2.744 | 9.956 |
| Operating Margin | 3.75% | -27.98% | -28.3% | -13.67% | -1.07% | 9.34% |
| Earnings before Tax (EBT) 1 | 12.45 | -28.77 | -104.9 | -17 | -12.06 | 2.997 |
| Net income 1 | 8.362 | -24.16 | -106.6 | -17.04 | -11.55 | 2.87 |
| Net margin | 4.69% | -19.87% | -141.02% | -14.4% | -4.5% | 2.69% |
| EPS 2 | 0.0279 | -0.0805 | -0.3555 | -0.0568 | -0.0385 | 0.009566 |
| Free Cash Flow 1 | -72.22 | -36.13 | 182.4 | 4.699 | 23.89 | 16.79 |
| FCF margin | -40.47% | -29.71% | 241.15% | 3.97% | 9.3% | 15.75% |
| FCF Conversion (EBITDA) | - | - | - | - | - | 156.88% |
| FCF Conversion (Net income) | - | - | - | - | - | 585% |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 29/03/19 | 30/03/20 | 30/03/21 | 30/03/22 | 30/03/23 | 03/04/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 10 | 14.4 | - | - | - | - |
| Net Cash position 1 | - | - | 5.57 | 7.25 | 30.1 | 53.2 |
| Leverage (Debt/EBITDA) | 0.8421 x | -0.471 x | - | - | - | - |
| Free Cash Flow 1 | -72.2 | -36.1 | 182 | 4.7 | 23.9 | 16.8 |
| ROE (net income / shareholders' equity) | 3.69% | -11.3% | -73.3% | -20.4% | -15.8% | 3.93% |
| ROA (Net income/ Total Assets) | 0.9% | -4.63% | -3.56% | -3.05% | -0.51% | 2.09% |
| Assets 1 | 927.7 | 521.4 | 2,995 | 559.4 | 2,275 | 137.4 |
| Book Value Per Share 2 | 0.7400 | 0.6600 | 0.3100 | 0.2500 | 0.2400 | 0.2500 |
| Cash Flow per Share 2 | 0.2200 | 0.0800 | 0.1600 | 0.1500 | 0.1800 | 0.1800 |
| Capex 1 | 1.8 | 0.07 | 0.2 | 0.3 | 0.32 | 0.11 |
| Capex / Sales | 1.01% | 0.05% | 0.26% | 0.25% | 0.12% | 0.1% |
| Announcement Date | 29/03/19 | 30/03/20 | 30/03/21 | 30/03/22 | 30/03/23 | 03/04/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +39.62% | 14.21M | |
| +86.21% | 654M | |
| +115.71% | 680M | |
| -18.63% | 570M | |
| -6.73% | 528M | |
| -9.38% | 464M | |
| -23.92% | 346M | |
| -50.68% | 288M | |
| +46.05% | 216M | |
| +9.87% | 168M |
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- Financials Futian Holdings Limited
