Financials Shoucheng Holdings Limited

Equities

697

HK0000592854

Highways & Rail Tracks

Market Closed - Hong Kong S.E. 01:38:16 02/05/2024 pm IST 5-day change 1st Jan Change
1.45 HKD +2.84% Intraday chart for Shoucheng Holdings Limited +9.02% -7.64%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 11,138 15,578 11,301 13,827 11,501 10,585 - -
Enterprise Value (EV) 1 11,138 15,578 11,301 13,827 11,501 10,585 10,585 10,585
P/E ratio 23.1 x 23 x -10.2 x 14.6 x 28.2 x 18.1 x 17.1 x 14.5 x
Yield - 4.44% 6.19% 4.96% - 6.9% 7.59% -
Capitalization / Revenue 28.1 x 22.1 x 9.46 x 8.64 x - 7.46 x 6.86 x 5.45 x
EV / Revenue 28.1 x 22.1 x 9.46 x 8.64 x - 7.46 x 6.86 x 5.45 x
EV / EBITDA - 16.4 x 11.9 x 9.43 x - 10.6 x 9.05 x 8.49 x
EV / FCF - -44,62,01,639 x -1,16,20,668 x - - - - -
FCF Yield - -0% -0% - - - - -
Price to Book - 1.32 x 1.1 x 1.39 x - 1.06 x 1.07 x 1.01 x
Nbr of stocks (in thousands) 57,85,787 70,81,017 72,91,017 72,77,303 73,25,711 72,99,759 - -
Reference price 2 1.925 2.200 1.550 1.900 1.570 1.450 1.450 1.450
Announcement Date 30/03/20 26/03/21 30/03/22 24/03/23 28/03/24 - - -
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 396.1 705.9 1,195 1,600 - 1,419 1,542 1,943
EBITDA 1 - 949 947 1,466 - 999 1,170 1,246
EBIT 1 - 62.88 569 1,346 - 854.5 985 1,029
Operating Margin - 8.91% 47.61% 84.14% - 60.22% 63.88% 52.96%
Earnings before Tax (EBT) 1 - 672 -989.1 1,183 - 797.5 899 1,055
Net income 1 - 658.6 -1,095 922 403.6 560.5 621 735
Net margin - 93.31% -91.66% 57.63% - 39.5% 40.27% 37.83%
EPS 2 0.0833 0.0957 -0.1519 0.1297 0.0557 0.0800 0.0850 0.1000
Free Cash Flow - -34.91 -972.5 - - - - -
FCF margin - -4.95% -81.38% - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - 0.0976 0.0960 0.0943 - 0.1000 0.1100 -
Announcement Date 30/03/20 26/03/21 30/03/22 24/03/23 28/03/24 - - -
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - -34.9 -972 - - - - -
ROE (net income / shareholders' equity) - 6.14% -10% 9.19% - 5.6% 6.2% 7%
ROA (Net income/ Total Assets) - 5.24% - 6.82% - 4.15% 4.55% 5.1%
Assets 1 - 12,561 - 13,519 - 13,506 13,648 14,412
Book Value Per Share 2 - 1.660 1.410 1.360 - 1.370 1.360 1.430
Cash Flow per Share 2 - - - 0.0100 - 0.0900 0.1100 -
Capex 1 - 97.7 2.16 5.59 - 6 6 -
Capex / Sales - 13.84% 0.18% 0.35% - 0.42% 0.39% -
Announcement Date 30/03/20 26/03/21 30/03/22 24/03/23 28/03/24 - - -
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
1.45 HKD
Average target price
1.73 HKD
Spread / Average Target
+19.31%
Consensus

Annual profits - Rate of surprise

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