Financials Wing On Company International Limited

Equities

289

BMG970561087

Department Stores

Market Closed - Hong Kong S.E. 01:38:49 06/05/2024 pm IST 5-day change 1st Jan Change
11.98 HKD +0.34% Intraday chart for Wing On Company International Limited +1.53% -0.83%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 7,413 6,319 4,903 5,123 4,102 3,508
Enterprise Value (EV) 1 3,928 2,540 961.3 1,065 69.38 -639.6
P/E ratio 4.37 x 8.28 x -10.8 x 9.28 x -13.6 x 28.5 x
Yield 2.77% 4.77% 4.94% 4.55% 1.06% 7.78%
Capitalization / Revenue 5.06 x 4.59 x 4.11 x 4.51 x 3.94 x 3.32 x
EV / Revenue 2.68 x 1.85 x 0.81 x 0.94 x 0.07 x -0.61 x
EV / EBITDA 7.64 x 5.18 x 2.47 x 2.73 x 0.22 x -2 x
EV / FCF 13.6 x 6.37 x 3.49 x 3.14 x 0.25 x -2.59 x
FCF Yield 7.38% 15.7% 28.6% 31.8% 400% -38.6%
Price to Book 0.39 x 0.32 x 0.26 x 0.27 x 0.22 x 0.19 x
Nbr of stocks (in thousands) 2,93,603 2,92,561 2,91,872 2,91,408 2,90,931 2,90,416
Reference price 2 25.25 21.60 16.80 17.58 14.10 12.08
Announcement Date 29/04/19 29/04/20 29/04/21 26/04/22 28/04/23 26/04/24
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,467 1,376 1,192 1,136 1,041 1,056
EBITDA 1 514.2 490.5 389.5 389.7 319.8 319.6
EBIT 1 477.5 478.2 376.4 376.9 307.6 309.7
Operating Margin 32.56% 34.76% 31.59% 33.18% 29.54% 29.32%
Earnings before Tax (EBT) 1 1,858 962.4 -360.5 681 -212.5 176.1
Net income 1 1,698 765.7 -456.1 552.5 -300.9 123.4
Net margin 115.76% 55.66% -38.28% 48.63% -28.91% 11.68%
EPS 2 5.777 2.610 -1.562 1.894 -1.033 0.4243
Free Cash Flow 1 289.9 398.9 275.2 339.3 277.5 246.8
FCF margin 19.76% 29% 23.09% 29.86% 26.66% 23.37%
FCF Conversion (EBITDA) 56.37% 81.32% 70.65% 87.05% 86.79% 77.23%
FCF Conversion (Net income) 17.07% 52.1% - 61.4% - 200.07%
Dividend per Share 2 0.7000 1.030 0.8300 0.8000 0.1500 0.9400
Announcement Date 29/04/19 29/04/20 29/04/21 26/04/22 28/04/23 26/04/24
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 3,486 3,779 3,942 4,058 4,033 4,148
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 290 399 275 339 278 247
ROE (net income / shareholders' equity) 9.19% 3.96% -2.36% 2.88% -1.59% 0.66%
ROA (Net income/ Total Assets) 1.5% 1.44% 1.13% 1.14% 0.95% 0.98%
Assets 1 1,13,201 53,145 -40,385 48,401 -31,739 12,628
Book Value Per Share 2 65.00 66.80 65.60 65.90 63.80 63.20
Cash Flow per Share 2 9.630 10.20 8.810 8.730 5.370 5.930
Capex - - - - - 19.6
Capex / Sales - - - - - 1.85%
Announcement Date 29/04/19 29/04/20 29/04/21 26/04/22 28/04/23 26/04/24
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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