FULLSHARE HOLDINGS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.465 HKD | -1.06% |
|
+9.41% | -26.19% |
| Mar. 28 | Fullshare Holdings Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Mar. 25 | Fullshare Holdings Flags Swing to Loss in 2023 | MT |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 31,183 | 3,167 | 3,148 | 1,749 | 2,482 | 364.4 |
| Enterprise Value (EV) 1 | 33,699 | 6,407 | 3,474 | 3,746 | 5,545 | 6,856 |
| P/E ratio | -10.3 x | -1.1 x | -3.52 x | -0.65 x | -13.1 x | -0.33 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 3.03 x | 0.28 x | 0.19 x | 0.08 x | 0.11 x | 0.01 x |
| EV / Revenue | 3.28 x | 0.57 x | 0.21 x | 0.18 x | 0.26 x | 0.28 x |
| EV / EBITDA | 35.4 x | 5.4 x | 1.96 x | 1.88 x | 2.04 x | 3.85 x |
| EV / FCF | 18.3 x | 3.09 x | 1.07 x | 32.1 x | -2.48 x | -2.69 x |
| FCF Yield | 5.46% | 32.4% | 93.1% | 3.12% | -40.3% | -37.2% |
| Price to Book | 1.51 x | 0.18 x | 0.18 x | 0.12 x | 0.21 x | 0.03 x |
| Nbr of stocks (in thousands) | 394,581 | 393,757 | 393,757 | 393,757 | 530,294 | 636,414 |
| Reference price 2 | 79.03 | 8.043 | 7.996 | 4.441 | 4.681 | 0.5726 |
| Announcement Date | 4/26/19 | 4/27/20 | 4/28/21 | 4/29/22 | 4/27/23 | 4/25/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 10,289 | 11,163 | 16,171 | 21,292 | 21,718 | 24,846 |
| EBITDA 1 | 950.8 | 1,186 | 1,770 | 1,993 | 2,716 | 1,782 |
| EBIT 1 | 272.5 | 575.5 | 1,212 | 1,409 | 2,140 | 1,085 |
| Operating Margin | 2.65% | 5.16% | 7.49% | 6.62% | 9.85% | 4.37% |
| Earnings before Tax (EBT) 1 | -3,542 | -3,214 | -297.4 | -2,052 | 714.7 | -444.9 |
| Net income 1 | -3,030 | -2,874 | -894.3 | -2,685 | -161 | -950.5 |
| Net margin | -29.45% | -25.75% | -5.53% | -12.61% | -0.74% | -3.83% |
| EPS 2 | -7.679 | -7.300 | -2.271 | -6.820 | -0.3560 | -1.722 |
| Free Cash Flow 1 | 1,840 | 2,074 | 3,234 | 116.8 | -2,236 | -2,551 |
| FCF margin | 17.88% | 18.58% | 20% | 0.55% | -10.3% | -10.27% |
| FCF Conversion (EBITDA) | 193.51% | 174.86% | 182.73% | 5.86% | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 4/26/19 | 4/27/20 | 4/28/21 | 4/29/22 | 4/27/23 | 4/25/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 2,516 | 3,240 | 326 | 1,998 | 3,063 | 6,491 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.646 x | 2.732 x | 0.1841 x | 1.002 x | 1.128 x | 3.642 x |
| Free Cash Flow 1 | 1,840 | 2,074 | 3,234 | 117 | -2,236 | -2,551 |
| ROE (net income / shareholders' equity) | -12% | -12.7% | -3.35% | -12% | 1.48% | -2.56% |
| ROA (Net income/ Total Assets) | 0.33% | 0.77% | 1.73% | 1.98% | 2.65% | 1.24% |
| Assets 1 | -929,434 | -374,976 | -51,590 | -135,939 | -6,068 | -76,886 |
| Book Value Per Share 2 | 52.50 | 44.70 | 43.60 | 36.00 | 22.70 | 17.10 |
| Cash Flow per Share 2 | 6.430 | 7.100 | 6.330 | 8.820 | 8.550 | 8.950 |
| Capex 1 | 557 | 835 | 571 | 1,114 | 2,623 | 2,468 |
| Capex / Sales | 5.42% | 7.48% | 3.53% | 5.23% | 12.08% | 9.93% |
| Announcement Date | 4/26/19 | 4/27/20 | 4/28/21 | 4/29/22 | 4/27/23 | 4/25/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -26.19% | 38.27M | |
| +20.70% | 91.3B | |
| +47.29% | 25.05B | |
| +43.32% | 16.96B | |
| +20.64% | 10.05B | |
| -8.59% | 8.1B | |
| +27.13% | 7.72B | |
| +4.09% | 7.71B | |
| +150.15% | 6.45B | |
| +43.41% | 5.01B |
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