Financials SMC Electric Limited

Equities

2381

KYG823071025

Industrial Machinery & Equipment

Market Closed - Hong Kong S.E. 01:38:09 16/05/2024 pm IST 5-day change 1st Jan Change
0.094 HKD +4.44% Intraday chart for SMC Electric Limited +13.25% +1.08%

Valuation

Fiscal Period: December 2020 2021 2022 2023
Capitalization 1 188 226 216 186
Enterprise Value (EV) 1 117.7 138.7 132.1 107.4
P/E ratio 4.87 x 7.98 x 9.66 x 8.95 x
Yield 4.26% 2.65% 27.8% 10.8%
Capitalization / Revenue 0.75 x 0.98 x 0.85 x 0.8 x
EV / Revenue 0.47 x 0.6 x 0.52 x 0.46 x
EV / EBITDA 2.5 x 4.23 x 4.82 x 5.58 x
EV / FCF 0.8 x 8.85 x 3.07 x 5.96 x
FCF Yield 125% 11.3% 32.5% 16.8%
Price to Book 1.31 x 1.37 x 1.56 x 1.44 x
Nbr of stocks (in thousands) 20,00,000 20,00,000 20,00,000 20,00,000
Reference price 2 0.0940 0.1130 0.1080 0.0930
Announcement Date 26/04/21 26/04/22 25/04/23 25/04/24
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 266.1 278 249.4 230.4 254.5 232.9
EBITDA 1 45.08 60.41 47.13 32.77 27.4 19.24
EBIT 1 44.58 59.73 46.05 31.37 25.35 17.19
Operating Margin 16.76% 21.49% 18.46% 13.61% 9.96% 7.38%
Earnings before Tax (EBT) 1 44.78 57.01 44.84 34.06 29.18 24.48
Net income 1 34.63 45.37 36.35 28.32 22.37 20.77
Net margin 13.02% 16.32% 14.58% 12.29% 8.79% 8.92%
EPS - - 0.0193 0.0142 0.0112 0.0104
Free Cash Flow 1 -0.0848 1.325 147.6 15.68 42.97 18.01
FCF margin -0.03% 0.48% 59.19% 6.8% 16.89% 7.73%
FCF Conversion (EBITDA) - 2.19% 313.24% 47.83% 156.86% 93.61%
FCF Conversion (Net income) - 2.92% 406.11% 55.35% 192.11% 86.71%
Dividend per Share - - 0.004000 0.003000 0.0300 0.0100
Announcement Date 29/02/20 19/05/20 26/04/21 26/04/22 25/04/23 25/04/24
1HKD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 9.29 4.85 - - - -
Net Cash position 1 - - 70.3 87.3 83.9 78.6
Leverage (Debt/EBITDA) 0.2061 x 0.0802 x - - - -
Free Cash Flow 1 -0.08 1.32 148 15.7 43 18
ROE (net income / shareholders' equity) 30.2% 28.8% 22.5% 18.4% 14.8% 15.5%
ROA (Net income/ Total Assets) 15.2% 15.7% 12.3% 9.25% 7.79% 5.88%
Assets 1 227.2 288.2 296 306.1 287 353.5
Book Value Per Share - - 0.0700 0.0800 0.0700 0.0600
Cash Flow per Share - - 0.0400 0.0500 0.0400 0.0400
Capex 1 0.69 2.03 2.88 4.2 0.81 1.75
Capex / Sales 0.26% 0.73% 1.15% 1.82% 0.32% 0.75%
Announcement Date 29/02/20 19/05/20 26/04/21 26/04/22 25/04/23 25/04/24
1HKD in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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