Financials Nanfang Communication Holdings Limited

Equities

1617

KYG6390W1078

Communications & Networking

Market Closed - Hong Kong S.E. 01:38:34 21/06/2024 pm IST 5-day change 1st Jan Change
0.087 HKD -1.14% Intraday chart for Nanfang Communication Holdings Limited -2.25% -4.40%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 5,448 4,404 452.5 172.3 155.1 134.5
Enterprise Value (EV) 1 5,368 4,286 541.5 175.2 361.9 323.9
P/E ratio 38.5 x 130 x -23.6 x -2.33 x -18.2 x 25.9 x
Yield 1.28% 0.89% - - - -
Capitalization / Revenue 6.05 x 8.24 x 1.19 x 0.39 x 0.24 x 0.26 x
EV / Revenue 5.96 x 8.02 x 1.43 x 0.4 x 0.57 x 0.62 x
EV / EBITDA 38.7 x 103 x -13.5 x -2.44 x -9.85 x -33.7 x
EV / FCF -206 x 27.8 x -11.6 x -3.14 x -3.64 x -5.74 x
FCF Yield -0.49% 3.6% -8.64% -31.9% -27.5% -17.4%
Price to Book 6.41 x 5.41 x 0.6 x 0.22 x 0.2 x 0.17 x
Nbr of stocks (in thousands) 11,20,000 11,20,000 11,20,000 14,78,400 16,26,240 16,26,240
Reference price 2 4.865 3.932 0.4040 0.1165 0.0954 0.0827
Announcement Date 26/04/19 28/04/20 28/04/21 27/04/22 27/04/23 26/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 900.3 534.3 379.5 438.3 633.7 522.3
EBITDA 1 138.8 41.57 -40.21 -71.79 -36.74 -9.597
EBIT 1 125.5 38.68 -43.45 -75.18 -48.31 -20.38
Operating Margin 13.94% 7.24% -11.45% -17.15% -7.62% -3.9%
Earnings before Tax (EBT) 1 168.5 41.76 -24.94 -70.07 -5.768 -9.336
Net income 1 141.4 33.86 -19.18 -59.89 -8.103 5.198
Net margin 15.71% 6.34% -5.05% -13.66% -1.28% 1%
EPS 2 0.1263 0.0302 -0.0171 -0.0501 -0.005250 0.003196
Free Cash Flow 1 -26.1 154.2 -46.76 -55.83 -99.53 -56.45
FCF margin -2.9% 28.85% -12.32% -12.74% -15.71% -10.81%
FCF Conversion (EBITDA) - 370.8% - - - -
FCF Conversion (Net income) - 455.33% - - - -
Dividend per Share 2 0.0625 0.0350 - - - -
Announcement Date 26/04/19 28/04/20 28/04/21 27/04/22 27/04/23 26/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - 89 2.9 207 189
Net Cash position 1 80.3 118 - - - -
Leverage (Debt/EBITDA) - - -2.213 x -0.0404 x -5.629 x -19.73 x
Free Cash Flow 1 -26.1 154 -46.8 -55.8 -99.5 -56.5
ROE (net income / shareholders' equity) 17.3% 4.07% -2.44% -7.86% -1.05% 0.67%
ROA (Net income/ Total Assets) 5.74% 1.71% -2.08% -3.57% -2.12% -0.88%
Assets 1 2,462 1,984 921.9 1,677 381.6 -592.6
Book Value Per Share 2 0.7600 0.7300 0.6700 0.5200 0.4800 0.4800
Cash Flow per Share 2 0.3600 0.2800 0.1900 0.1800 0.1400 0.1500
Capex 1 36.5 7.48 13.8 2.06 28.1 77.9
Capex / Sales 4.05% 1.4% 3.64% 0.47% 4.43% 14.92%
Announcement Date 26/04/19 28/04/20 28/04/21 27/04/22 27/04/23 26/04/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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