LINK HOLDINGS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.021 HKD | 0.00% |
|
-4.55% | -4.55% |
| 28/05 | Link Holdings Limited Establish Principal Place of Business in the PRC | CI |
| 28/03 | Link 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 | 645.6 | 104.7 | 80.27 | 59.33 | 87.25 | 92.14 |
| Enterprise Value (EV) 1 | 812.6 | 396.4 | 388.8 | 370.8 | 418.1 | 471.2 |
| P/E ratio | -198 x | -1.88 x | -1.67 x | -0.52 x | -1.6 x | -1.02 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 10.6 x | 2.78 x | 1.39 x | 1.19 x | 2.62 x | 1.58 x |
| EV / Revenue | 13.4 x | 10.5 x | 6.75 x | 7.46 x | 12.5 x | 8.08 x |
| EV / EBITDA | 63.2 x | -19.2 x | -817 x | -181 x | -43.7 x | -14.5 x |
| EV / FCF | 33.3 x | -2.59 x | -10.6 x | 69.2 x | -67 x | -41.9 x |
| FCF Yield | 3% | -38.6% | -9.43% | 1.44% | -1.49% | -2.39% |
| Price to Book | 1.45 x | 0.26 x | 0.24 x | 0.27 x | 0.6 x | 1.29 x |
| Nbr of stocks (in thousands) | 34,90,000 | 34,90,000 | 34,90,000 | 34,90,000 | 34,90,000 | 41,88,000 |
| Reference price 2 | 0.1850 | 0.0300 | 0.0230 | 0.0170 | 0.0250 | 0.0220 |
| Announcement Date | 29/03/19 | 14/05/20 | 31/03/21 | 12/05/22 | 05/01/24 | 08/04/24 |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 60.63 | 37.73 | 57.62 | 49.72 | 33.33 | 58.33 |
| EBITDA 1 | 12.85 | -20.63 | -0.476 | -2.047 | -9.569 | -32.57 |
| EBIT 1 | 2.038 | -32.52 | -14.59 | -15.47 | -21.69 | -42.29 |
| Operating Margin | 3.36% | -86.19% | -25.33% | -31.11% | -65.08% | -72.51% |
| Earnings before Tax (EBT) 1 | 2.111 | -52.76 | -44.68 | -112.9 | -54.76 | -87.14 |
| Net income 1 | -3.254 | -55.62 | -48.21 | -113.1 | -54.29 | -88.25 |
| Net margin | -5.37% | -147.44% | -83.67% | -227.41% | -162.88% | -151.28% |
| EPS 2 | -0.000932 | -0.0159 | -0.0138 | -0.0324 | -0.0156 | -0.0215 |
| Free Cash Flow 1 | 24.38 | -152.9 | -36.67 | 5.357 | -6.238 | -11.24 |
| FCF margin | 40.21% | -405.39% | -63.65% | 10.78% | -18.71% | -19.28% |
| FCF Conversion (EBITDA) | 189.75% | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 29/03/19 | 14/05/20 | 31/03/21 | 12/05/22 | 05/01/24 | 08/04/24 |
1HKD in Million2HKD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 167 | 292 | 309 | 311 | 331 | 379 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 12.99 x | -14.14 x | -648.1 x | -152.2 x | -34.57 x | -11.64 x |
| Free Cash Flow 1 | 24.4 | -153 | -36.7 | 5.36 | -6.24 | -11.2 |
| ROE (net income / shareholders' equity) | -0.66% | -13.1% | -13.2% | -41.1% | -29.9% | -80.2% |
| ROA (Net income/ Total Assets) | 0.13% | -2.1% | -1.06% | -1.28% | -2.09% | -4.28% |
| Assets 1 | -2,421 | 2,644 | 4,549 | 8,840 | 2,603 | 2,060 |
| Book Value Per Share 2 | 0.1300 | 0.1100 | 0.1000 | 0.0600 | 0.0400 | 0.0200 |
| Cash Flow per Share 2 | 0.0500 | 0.0100 | 0.0100 | 0.0100 | 0 | 0.0100 |
| Capex 1 | 42.9 | 53.4 | 4.69 | 0.99 | 2.19 | 2.11 |
| Capex / Sales | 70.8% | 141.63% | 8.15% | 2% | 6.57% | 3.62% |
| Announcement Date | 29/03/19 | 14/05/20 | 31/03/21 | 12/05/22 | 05/01/24 | 08/04/24 |
1HKD in Million2HKD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -4.55% | 11.26M | |
| +0.09% | 10.56B | |
| -18.74% | 6.79B | |
| -9.98% | 5.88B | |
| +4.53% | 5.73B | |
| -20.23% | 3.19B | |
| +4.03% | 2.48B | |
| -1.49% | 2.42B | |
| +15.38% | 2.27B | |
| +16.87% | 2.17B |
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