Market Closed -
Hong Kong S.E.
01:38:06 30/04/2024 pm IST
|
5-day change
|
1st Jan Change
|
7.7
HKD
|
-0.13%
|
|
-2.28%
|
+9.69%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
54,464
|
44,044
|
40,853
|
39,011
|
46,960
|
51,025
|
-
|
-
|
Enterprise Value (EV)
1 |
68,427
|
59,766
|
60,918
|
68,354
|
77,566
|
78,170
|
81,454
|
78,063
|
P/E ratio
|
11.4
x
|
14.9
x
|
7.77
x
|
8.52
x
|
7.28
x
|
7.53
x
|
7.21
x
|
6.86
x
|
Yield
|
4.82%
|
6.3%
|
7.07%
|
7.3%
|
7.37%
|
6.6%
|
6.6%
|
6.66%
|
Capitalization / Revenue
|
5.4
x
|
5.48
x
|
2.96
x
|
2.94
x
|
3.09
x
|
3.11
x
|
3.01
x
|
2.98
x
|
EV / Revenue
|
6.79
x
|
7.44
x
|
4.42
x
|
5.16
x
|
5.11
x
|
4.77
x
|
4.8
x
|
4.57
x
|
EV / EBITDA
|
9.63
x
|
12.3
x
|
8.24
x
|
10.2
x
|
9.45
x
|
9.02
x
|
8.71
x
|
8.06
x
|
EV / FCF
|
74.3
x
|
-54
x
|
28.2
x
|
-
|
21.5
x
|
11.2
x
|
15.8
x
|
12.8
x
|
FCF Yield
|
1.35%
|
-1.85%
|
3.54%
|
-
|
4.64%
|
8.96%
|
6.32%
|
7.79%
|
Price to Book
|
1.68
x
|
1.3
x
|
1.08
x
|
0.99
x
|
0.95
x
|
0.99
x
|
0.92
x
|
0.86
x
|
Nbr of stocks (in thousands)
|
50,37,748
|
50,37,748
|
50,37,748
|
50,37,748
|
50,37,748
|
50,37,748
|
-
|
-
|
Reference price
2 |
9.544
|
7.297
|
6.510
|
6.297
|
6.381
|
7.126
|
7.126
|
7.126
|
Announcement Date
|
31/03/20
|
28/03/21
|
23/02/22
|
26/03/23
|
28/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
10,078
|
8,032
|
13,793
|
13,256
|
15,192
|
16,384
|
16,967
|
17,096
|
EBITDA
1 |
7,108
|
4,872
|
7,396
|
6,669
|
8,212
|
8,669
|
9,354
|
9,684
|
EBIT
1 |
5,542
|
3,239
|
5,435
|
4,620
|
5,698
|
6,024
|
6,679
|
7,073
|
Operating Margin
|
54.99%
|
40.32%
|
39.41%
|
34.86%
|
37.51%
|
36.77%
|
39.36%
|
41.37%
|
Earnings before Tax (EBT)
1 |
5,522
|
3,234
|
5,420
|
4,581
|
5,672
|
6,088
|
6,726
|
7,147
|
Net income
1 |
4,200
|
2,464
|
4,179
|
3,724
|
4,413
|
4,719
|
5,184
|
5,470
|
Net margin
|
41.67%
|
30.68%
|
30.3%
|
28.09%
|
29.05%
|
28.8%
|
30.56%
|
32%
|
EPS
2 |
0.8336
|
0.4891
|
0.8374
|
0.7392
|
0.8760
|
0.9468
|
0.9890
|
1.038
|
Free Cash Flow
1 |
920.9
|
-1,108
|
2,159
|
-
|
3,602
|
7,001
|
5,148
|
6,081
|
FCF margin
|
9.14%
|
-13.79%
|
15.65%
|
-
|
23.71%
|
42.73%
|
30.34%
|
35.57%
|
FCF Conversion (EBITDA)
|
12.96%
|
-
|
29.19%
|
-
|
43.86%
|
80.76%
|
55.04%
|
62.79%
|
FCF Conversion (Net income)
|
21.93%
|
-
|
51.66%
|
-
|
81.62%
|
148.35%
|
99.3%
|
111.17%
|
Dividend per Share
2 |
0.4600
|
0.4600
|
0.4600
|
0.4600
|
0.4700
|
0.4700
|
0.4700
|
0.4747
|
Announcement Date
|
31/03/20
|
28/03/21
|
23/02/22
|
26/03/23
|
28/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
2025 Q2
|
---|
Net sales
1 |
-
|
6,133
|
2,578
|
1,975
|
-
|
4,931
|
3,771
|
3,630
|
3,507
|
4,473
|
3,583
|
3,473
|
3,101
|
3,359
|
3,011
|
3,336
|
3,336
|
EBITDA
1 |
-
|
1,770
|
-
|
-
|
-
|
2,189
|
-
|
-
|
-
|
-
|
-
|
-
|
2,171
|
2,351
|
2,351
|
2,293
|
2,293
|
EBIT
1 |
-
|
591.6
|
1,035
|
1,134
|
-
|
1,745
|
706.4
|
1,603
|
1,616
|
2,003
|
476.1
|
1,653
|
1,479
|
1,602
|
1,514
|
1,659
|
1,659
|
Operating Margin
|
-
|
9.65%
|
40.14%
|
57.41%
|
-
|
35.39%
|
18.73%
|
44.16%
|
46.08%
|
44.78%
|
13.29%
|
47.58%
|
47.68%
|
47.68%
|
50.3%
|
49.73%
|
49.73%
|
Earnings before Tax (EBT)
1 |
-
|
575.9
|
-
|
-
|
-
|
1,738
|
678.9
|
-
|
1,617
|
2,003
|
453.4
|
-
|
1,697
|
1,838
|
1,790
|
-
|
-
|
Net income
1 |
1,918
|
390.5
|
-
|
953
|
1,748
|
1,361
|
615.1
|
1,227
|
-
|
-
|
376.5
|
1,247
|
1,144
|
1,239
|
1,131
|
-
|
-
|
Net margin
|
-
|
6.37%
|
-
|
48.25%
|
-
|
27.59%
|
16.31%
|
33.81%
|
-
|
-
|
10.51%
|
35.9%
|
36.88%
|
36.88%
|
37.58%
|
-
|
-
|
EPS
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
31/03/20
|
23/02/22
|
29/04/22
|
26/08/22
|
26/08/22
|
26/10/22
|
26/03/23
|
28/04/23
|
27/08/23
|
27/10/23
|
28/03/24
|
26/04/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
13,963
|
15,722
|
20,065
|
29,342
|
30,606
|
27,145
|
30,429
|
27,038
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.965
x
|
3.227
x
|
2.713
x
|
4.4
x
|
3.727
x
|
3.131
x
|
3.253
x
|
2.792
x
|
Free Cash Flow
1 |
921
|
-1,108
|
2,159
|
-
|
3,602
|
7,001
|
5,148
|
6,081
|
ROE (net income / shareholders' equity)
|
15.9%
|
8.82%
|
14.3%
|
11.2%
|
13.4%
|
13.4%
|
13.1%
|
12.7%
|
ROA (Net income/ Total Assets)
|
8.07%
|
4.22%
|
6.49%
|
4.48%
|
5.31%
|
5.87%
|
5.86%
|
6.04%
|
Assets
1 |
52,060
|
58,366
|
64,379
|
83,049
|
83,050
|
80,333
|
88,491
|
90,558
|
Book Value Per Share
2 |
5.670
|
5.600
|
6.000
|
6.340
|
6.750
|
7.220
|
7.740
|
8.310
|
Cash Flow per Share
2 |
1.140
|
0.6200
|
1.100
|
1.100
|
1.470
|
1.330
|
1.270
|
1.810
|
Capex
1 |
4,842
|
4,245
|
3,309
|
3,987
|
3,790
|
5,626
|
3,197
|
2,903
|
Capex / Sales
|
48.05%
|
52.85%
|
23.99%
|
30.08%
|
24.95%
|
34.34%
|
18.84%
|
16.98%
|
Announcement Date
|
31/03/20
|
28/03/21
|
23/02/22
|
26/03/23
|
28/03/24
|
-
|
-
|
-
|
Last Close Price
7.126
CNY Average target price
8.594
CNY Spread / Average Target +20.60% Consensus |
1st Jan change
|
Capi.
|
---|
| +9.69% | 7.04B | | -8.53% | 25.58B | | +0.22% | 20.21B | | +13.41% | 10.29B | | +11.25% | 7.09B | | +5.41% | 6.55B | | +25.94% | 5.96B | | -10.21% | 5.02B | | -13.12% | 4.92B | | -5.11% | 4.32B |
Highway Operators
|