Financials SMIT Holdings Limited

Equities

2239

KYG824001054

Communications & Networking

Market Closed - Hong Kong S.E. 01:39:00 03/05/2024 pm IST 5-day change 1st Jan Change
1.38 HKD 0.00% Intraday chart for SMIT Holdings Limited 0.00% -30.30%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 152.1 201.6 154.4 115.4 136.8 96.82
Enterprise Value (EV) 1 64.48 151.9 84.62 107.8 149 67.18
P/E ratio 14.2 x 159 x 14.7 x -30.1 x 14.2 x 1.71 x
Yield 0.61% 0.16% 0.21% 0.28% 0.23% 0.33%
Capitalization / Revenue 1.66 x 4.88 x 4.05 x 3.05 x 3.77 x 3.29 x
EV / Revenue 0.7 x 3.68 x 2.22 x 2.85 x 4.11 x 2.28 x
EV / EBITDA 3.93 x -45.4 x -11.7 x -73.1 x 46.8 x -56.1 x
EV / FCF 4.04 x -13.7 x 3.23 x -1.79 x -11.4 x 5.41 x
FCF Yield 24.8% -7.31% 31% -55.8% -8.78% 18.5%
Price to Book 1.33 x 1.8 x 1.27 x 0.93 x 1.01 x 0.52 x
Nbr of stocks (in thousands) 3,07,015 3,16,294 3,18,218 3,19,491 3,20,353 3,20,383
Reference price 2 0.4954 0.6373 0.4852 0.3612 0.4272 0.3022
Announcement Date 19/04/18 07/04/19 24/04/20 23/04/21 22/04/22 21/04/23
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 91.78 41.32 38.1 37.79 36.25 29.41
EBITDA 1 16.4 -3.348 -7.216 -1.474 3.184 -1.197
EBIT 1 15.55 -4.059 -8.117 -4.319 -4.67 -12.72
Operating Margin 16.95% -9.82% -21.31% -11.43% -12.88% -43.24%
Earnings before Tax (EBT) 1 14.03 -0.2778 11.62 -4.955 8.354 67.22
Net income 1 11.1 1.318 10.6 -3.708 9.844 57.19
Net margin 12.09% 3.19% 27.83% -9.81% 27.15% 194.44%
EPS 2 0.0350 0.004000 0.0330 -0.0120 0.0300 0.1770
Free Cash Flow 1 15.96 -11.1 26.23 -60.13 -13.08 12.42
FCF margin 17.39% -26.87% 68.83% -159.11% -36.07% 42.24%
FCF Conversion (EBITDA) 97.34% - - - - -
FCF Conversion (Net income) 143.8% - 247.36% - - 21.72%
Dividend per Share 2 0.003000 0.001000 0.001000 0.001000 0.001000 0.001000
Announcement Date 19/04/18 07/04/19 24/04/20 23/04/21 22/04/22 21/04/23
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - 12.2 -
Net Cash position 1 87.6 49.6 69.8 7.63 - 29.6
Leverage (Debt/EBITDA) - - - - 3.819 x -
Free Cash Flow 1 16 -11.1 26.2 -60.1 -13.1 12.4
ROE (net income / shareholders' equity) 10.4% 1.16% 10.4% -2.75% 7.47% 35%
ROA (Net income/ Total Assets) 8.06% -1.86% -3.19% -1.32% -1.26% -3.32%
Assets 1 137.7 -70.8 -332.7 281.6 -783.5 -1,724
Book Value Per Share 2 0.3700 0.3500 0.3800 0.3900 0.4200 0.5800
Cash Flow per Share 2 0.2700 0.1700 0.2200 0.1500 0.0600 0.1500
Capex 1 0.82 0.42 3.09 8.92 6.3 4.29
Capex / Sales 0.89% 1.01% 8.12% 23.61% 17.38% 14.58%
Announcement Date 19/04/18 07/04/19 24/04/20 23/04/21 22/04/22 21/04/23
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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