Financials Hiap Tong Corporation Ltd.

Equities

5PO

SG1Z16951381

Corporate Financial Services

Market Closed - Singapore S.E. 07:46:37 03/05/2024 am IST 5-day change 1st Jan Change
0.09 SGD 0.00% Intraday chart for Hiap Tong Corporation Ltd. 0.00% -6.25%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 33.27 19.1 20.64 18.18 20.33 24.34
Enterprise Value (EV) 1 67.46 62.97 69 64.39 56.34 81.12
P/E ratio 28.3 x 8.5 x -2.54 x -54.3 x 12.6 x 1.76 x
Yield - 0.81% - - - 6.33%
Capitalization / Revenue 0.77 x 0.35 x 0.35 x 0.33 x 0.3 x 0.25 x
EV / Revenue 1.56 x 1.16 x 1.17 x 1.19 x 0.83 x 0.82 x
EV / EBITDA 5.36 x 3.94 x 6.03 x 5.85 x 3.66 x 2.6 x
EV / FCF 8.18 x 15.7 x 3.08 x 8.11 x 2.65 x 4.93 x
FCF Yield 12.2% 6.39% 32.5% 12.3% 37.8% 20.3%
Price to Book 0.4 x 0.22 x 0.26 x 0.23 x 0.26 x 0.26 x
Nbr of stocks (in thousands) 3,08,065 3,08,065 3,08,065 3,08,065 3,08,065 3,08,065
Reference price 2 0.1080 0.0620 0.0670 0.0590 0.0660 0.0790
Announcement Date 09/07/18 05/07/19 02/09/20 07/07/21 05/07/22 06/07/23
1SGD in Million2SGD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 43.24 54.22 58.76 54.33 68.07 98.84
EBITDA 1 12.58 15.98 11.44 11 15.41 31.22
EBIT 1 1.245 4.459 3.635 3.747 3.348 17.81
Operating Margin 2.88% 8.22% 6.19% 6.9% 4.92% 18.02%
Earnings before Tax (EBT) 1 1.535 1.572 -7.75 -1.011 1.533 16.79
Net income 1 1.175 2.248 -8.119 -0.335 1.608 13.84
Net margin 2.72% 4.15% -13.82% -0.62% 2.36% 14.01%
EPS 2 0.003814 0.007297 -0.0264 -0.001087 0.005219 0.0449
Free Cash Flow 1 8.25 4.021 22.41 7.938 21.28 16.46
FCF margin 19.08% 7.42% 38.14% 14.61% 31.27% 16.66%
FCF Conversion (EBITDA) 65.58% 25.16% 195.82% 72.18% 138.09% 52.74%
FCF Conversion (Net income) 702.16% 178.86% - - 1,323.66% 118.92%
Dividend per Share - 0.000500 - - - 0.005000
Announcement Date 09/07/18 05/07/19 02/09/20 07/07/21 05/07/22 06/07/23
1SGD in Million2SGD
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 34.2 43.9 48.4 46.2 36 56.8
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.718 x 2.745 x 4.226 x 4.202 x 2.336 x 1.819 x
Free Cash Flow 1 8.25 4.02 22.4 7.94 21.3 16.5
ROE (net income / shareholders' equity) 1.37% 2.61% -9.87% -0.43% 2.04% 16%
ROA (Net income/ Total Assets) 0.53% 1.89% 1.44% 1.46% 1.24% 5.94%
Assets 1 220.6 118.8 -563.7 -22.88 129.5 233.2
Book Value Per Share 2 0.2700 0.2800 0.2500 0.2500 0.2600 0.3000
Cash Flow per Share 2 0.0100 0.0200 0.0200 0.0400 0.0300 0.0400
Capex 1 1.57 5.95 0.69 1.76 3.38 3.98
Capex / Sales 3.64% 10.97% 1.17% 3.23% 4.97% 4.03%
Announcement Date 09/07/18 05/07/19 02/09/20 07/07/21 05/07/22 06/07/23
1SGD in Million2SGD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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