Financials Legend Holdings Corporation

Equities

Market Closed - Hong Kong S.E. Other stock markets 01:39:00 03/05/2024 pm IST			5-day change	1st Jan Change
5.73 ^HKD	+1.06%		+3.06%	-22.15%

03/05	Star Plus Legend Completes HK$222 Million Share Placement	MT
29/04	Star Plus Legend 2023 Profit Nearly Halves Despite Higher Revenues	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	37,229	20,188	22,117	17,376	15,762	12,508	-	-
Enterprise Value (EV) ¹	2,86,698	2,77,657	2,72,480	17,376	15,762	12,508	12,508	12,508
P/E ratio	10.5 x	5.29 x	4.12 x	11.3 x	20.3 x	3.54 x	2.92 x	-
Yield	2.09%	4.2%	4.26%	5.42%	-	3.48%	5.93%	5.84%
Capitalization / Revenue	0.1 x	0.05 x	0.05 x	0.04 x	-	0.03 x	0.02 x	0.02 x
EV / Revenue	0.1 x	0.05 x	0.05 x	0.04 x	-	0.03 x	0.02 x	0.02 x
EV / EBITDA	1.6 x	0.75 x	0.62 x	-	-	0.43 x	0.46 x	0.34 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	0.54 x	0.29 x	0.35 x	0.27 x	-	0.21 x	0.2 x	-
Nbr of stocks (in thousands)	23,56,231	23,56,231	23,56,231	23,56,231	23,56,231	23,56,231	-	-
Reference price ²	15.80	8.568	9.387	7.375	6.690	5.308	5.308	5.308
Announcement Date	26/03/20	31/03/21	31/03/22	29/03/23	27/03/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	3,89,218	4,17,567	4,89,872	4,83,663	-	4,79,258	5,15,681	5,39,112
EBITDA ¹	23,214	26,901	35,633	-	-	29,290	27,084	36,555
EBIT ¹	15,528	18,329	25,978	18,153	-	18,511	20,853	23,600
Operating Margin	3.99%	4.39%	5.3%	3.75%	-	3.86%	4.04%	4.38%
Earnings before Tax (EBT) ¹	10,524	12,633	22,090	-	-	11,291	13,715	-
Net income ¹	3,607	3,868	5,755	866.2	446.1	3,523	4,279	-
Net margin	0.93%	0.93%	1.17%	0.18%	-	0.74%	0.83%	-
EPS ²	1.510	1.620	2.280	0.6500	0.3300	1.500	1.820	-
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.3300	0.3600	0.4000	0.4000	-	0.1850	0.3150	0.3100
Announcement Date	26/03/20	31/03/21	31/03/22	29/03/23	27/03/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	2,49,470	2,57,468	2,50,363	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	10.75 x	9.571 x	7.026 x	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	5.42%	5.92%	9.22%	13.7%	-	4.11%	7.44%	8.55%
ROA (Net income/ Total Assets)	0.61%	0.61%	0.86%	1.27%	-	0.5%	0.6%	-
Assets ¹	5,91,168	6,37,907	6,66,229	68,091	-	7,04,600	7,13,167	-
Book Value Per Share ²	29.20	29.20	26.70	27.20	-	25.50	26.90	-
Cash Flow per Share ²	3.920	18.30	9.470	20.30	-	2.540	14.00	-
Capex ¹	7,899	7,557	9,857	14,296	-	17,732	21,278	-
Capex / Sales	2.03%	1.81%	2.01%	2.96%	-	3.7%	4.13%	-
Announcement Date	26/03/20	31/03/21	31/03/22	29/03/23	27/03/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

B-

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

5.308 CNY

Average target price

7.388 CNY

Spread / Average Target

+39.16%

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