Financials Activation Group Holdings Limited

Equities

9919

KYG0081C1087

Advertising & Marketing

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
1.26 HKD -0.79% Intraday chart for Activation Group Holdings Limited -1.56% +17.76%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 493.1 890.5 638 724.3 868.6 - -
Enterprise Value (EV) 1 493.1 890.5 638 724.3 868.6 868.6 868.6
P/E ratio 21.2 x - - - - - -
Yield - 6.82% 1.36% 11.9% 7.47% 8.89% 10.4%
Capitalization / Revenue - 0.99 x 0.92 x 0.75 x 0.77 x 0.66 x 0.58 x
EV / Revenue - 0.99 x 0.92 x 0.75 x 0.77 x 0.66 x 0.58 x
EV / EBITDA - 5.8 x 10.5 x 4.36 x 4.6 x 3.88 x 3.31 x
EV / FCF - 5.21 x 11.1 x - 4.99 x 5.02 x 4.58 x
FCF Yield - 19.2% 9.05% - 20.1% 19.9% 21.9%
Price to Book - 2.07 x 1.9 x - 1.98 x 1.64 x 1.36 x
Nbr of stocks (in thousands) 760,836 753,718 744,742 744,742 744,742 - -
Reference price 2 0.6481 1.181 0.8567 0.9725 1.166 1.166 1.166
Announcement Date 3/26/21 3/7/22 3/8/23 3/11/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - - 904.1 694.8 967.2 1,134 1,307 1,486
EBITDA 1 - - 153.6 61.03 166.2 188.7 224 262.1
EBIT 1 - - 149.1 55.9 161 191 226 264
Operating Margin - - 16.49% 8.05% 16.65% 16.84% 17.29% 17.77%
Earnings before Tax (EBT) - - - - - - - -
Net income 29.97 23.42 - - - - - -
Net margin - - - - - - - -
EPS 0.0499 0.0305 - - - - - -
Free Cash Flow 1 - - 170.9 57.72 - 174.2 173.1 189.8
FCF margin - - 18.9% 8.31% - 15.36% 13.24% 12.77%
FCF Conversion (EBITDA) - - 111.28% 94.58% - 92.32% 77.28% 72.42%
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - 0.0805 0.0117 0.1156 0.0872 0.1037 0.1211
Announcement Date 3/24/20 3/26/21 3/7/22 3/8/23 3/11/24 - - -
1CNY in Million2CNY
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 1 - - 171 57.7 - 174 173 190
ROE (net income / shareholders' equity) - - 24.1% 6.36% - 35.9% 35% 33.9%
ROA (Net income/ Total Assets) - - 14.2% 3.31% - 17% 18% 18.7%
Assets - - - - - - - -
Book Value Per Share 2 - - 0.5700 0.4500 - 0.5900 0.7100 0.8600
Cash Flow per Share - - - - - - - -
Capex 1 - - 4.46 3.28 - 1.6 1.7 1.9
Capex / Sales - - 0.49% 0.47% - 0.14% 0.13% 0.13%
Announcement Date 3/24/20 3/26/21 3/7/22 3/8/23 3/11/24 - - -
1CNY in Million2CNY
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
1
Last Close Price
1.166 CNY
Average target price
2.102 CNY
Spread / Average Target
+80.22%
Consensus

Chiffre d''affaires - Rate of surprise

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