CHINA UNICOM (HONG K

762
End-of-day quote. End-of-day quote  - 11/26
4.78HKD -0.83%
Income Statement Evolution
Annual Income Statement Data
Fiscal Period: December 2019 2020
Net sales1 290 515300 963
EBITDA1 94 36095 316
Operating profit (EBIT)1 14 88613 189
Operating Margin 5,12%4,38%
Pre-Tax Profit (EBT)1 14 16716 506
Net income1 11 33012 851
Net margin 3,90%4,27%
EPS2 0,370,42
Dividend per Share2 0,150,16
Last update 03/23/202011/21/2020
1 CNY in Million
2 CNY
Estimates
Finances - Leverage
Fiscal Period: December 2019 2020
Net Debt1 --
Net Cash position1 16 80028 531
Leverage (Debt / EBITDA) -0,18x-0,30x
Free Cash Flow1 37 49126 534
ROE (Net Profit / Equities) 3,57%3,92%
Shareholders' equity1 316 984328 004
ROA (Net Profit / Asset) 2,05%2,14%
Assets1 551 411601 253
Book Value Per Share2 10,510,8
Cash Flow per Share2 3,063,04
Capex1 56 18770 428
Capex / Sales 19,3%23,4%
Last update 03/23/202011/21/2020
1 CNY in Million
2 CNY
Estimates
Balance Sheet Analysis
Financial Ratios
Size 2020e 2021e
Capitalization 146 259 M CNY -
Entreprise Value (EV) 117 728 M CNY 111 894 M CNY
Valuation 2020e 2021e
P/E ratio (Price / EPS) 11,4x 10,0x
Capitalization / Revenue 0,49x 0,47x
EV / Revenue 0,39x 0,38x
EV / EBITDA 1,24x 1,20x
Yield (DPS / Price) 3,37% 3,90%
Price to book (Price / BVPS) 0,44x 0,43x
Profitability 2020e 2021e
Operating Margin (EBIT / Sales) 4,38% 4,80%
Operating Leverage (Delta EBIT / Delta Sales) - 3,63x
Net Margin (Net Profit / Revenue) 4,27% 4,71%
ROA (Net Profit / Asset) 2,14% 2,43%
ROE (Net Profit / Equities) 3,92% 4,37%
Rate of Dividend 38,3% 39,1%
Balance Sheet Analysis 2020e 2021e
CAPEX / Sales   23,4% 24,8%
Cash Flow / Sales 30,9% 30,7%
Capital Intensity (Assets / Sales) 2,00x 1,94x
Financial Leverage (Net Debt / EBITDA) - -
Price Earning Ratio
EPS & Dividend