Financials Hang Chi Holdings Limited

Equities

8405

KYG428881000

Healthcare Facilities & Services

Market Closed - Hong Kong S.E. 01:38:17 17/05/2024 pm IST 5-day change 1st Jan Change
0.7 HKD +2.94% Intraday chart for Hang Chi Holdings Limited 0.00% +12.90%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 388 380 360 352 308 248
Enterprise Value (EV) 1 319.6 421.6 346.6 345.7 328.7 263.2
P/E ratio 17.7 x 13.5 x 7.8 x 7.5 x 8.44 x 10.6 x
Yield - 6.32% 8.89% 9.09% 13% 6.45%
Capitalization / Revenue 2.77 x 2.19 x 1.58 x 1.51 x 1.32 x 1.15 x
EV / Revenue 2.28 x 2.43 x 1.52 x 1.49 x 1.41 x 1.22 x
EV / EBITDA 9.03 x 8.37 x 4.68 x 4.88 x 6.45 x 7.05 x
EV / FCF 14 x 7.99 x 4.04 x 5.52 x 7.05 x 4.51 x
FCF Yield 7.15% 12.5% 24.7% 18.1% 14.2% 22.2%
Price to Book 2.68 x 2.33 x 1.94 x 2.09 x 1.5 x 1.32 x
Nbr of stocks (in thousands) 4,00,000 4,00,000 4,00,000 4,00,000 4,00,000 4,00,000
Reference price 2 0.9700 0.9500 0.9000 0.8800 0.7700 0.6200
Announcement Date 18/03/19 31/03/20 30/03/21 30/03/22 30/03/23 27/03/24
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 140 173.6 227.6 232.6 233.8 216.3
EBITDA 1 35.39 50.39 74.07 70.88 50.94 37.35
EBIT 1 27.87 41.59 65.25 65.47 43.91 32.57
Operating Margin 19.91% 23.96% 28.66% 28.15% 18.78% 15.06%
Earnings before Tax (EBT) 1 28.08 36.7 60.9 61.81 46.12 30.89
Net income 1 21.9 28.24 46.18 46.95 36.5 23.41
Net margin 15.65% 16.26% 20.29% 20.19% 15.61% 10.82%
EPS 2 0.0548 0.0706 0.1155 0.1174 0.0912 0.0585
Free Cash Flow 1 22.85 52.76 85.75 62.68 46.64 58.42
FCF margin 16.32% 30.39% 37.67% 26.95% 19.95% 27.01%
FCF Conversion (EBITDA) 64.56% 104.7% 115.77% 88.43% 91.57% 156.43%
FCF Conversion (Net income) 104.32% 186.85% 185.69% 133.49% 127.8% 249.59%
Dividend per Share - 0.0600 0.0800 0.0800 0.1000 0.0400
Announcement Date 18/03/19 31/03/20 30/03/21 30/03/22 30/03/23 27/03/24
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 41.6 - - 20.7 15.2
Net Cash position 1 68.4 - 13.4 6.29 - -
Leverage (Debt/EBITDA) - 0.8248 x - - 0.4056 x 0.4069 x
Free Cash Flow 1 22.8 52.8 85.8 62.7 46.6 58.4
ROE (net income / shareholders' equity) 16.7% 19.1% 28.6% 27.8% 19.8% 12.8%
ROA (Net income/ Total Assets) 10.8% 11% 13.2% 13.9% 8.91% 6.4%
Assets 1 202.9 256.9 350 338.4 409.7 365.5
Book Value Per Share 2 0.3600 0.4100 0.4600 0.4200 0.5100 0.4700
Cash Flow per Share 2 0.1500 0.1300 0.2100 0.1700 0.1000 0.1200
Capex 1 3.18 1.46 3.9 3.26 14 6.13
Capex / Sales 2.27% 0.84% 1.71% 1.4% 6% 2.83%
Announcement Date 18/03/19 31/03/20 30/03/21 30/03/22 30/03/23 27/03/24
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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