Financials Hing Ming Holdings Limited

Equities

8425

KYG459051093

Business Support Services

Market Closed - Hong Kong S.E. 04:09:00 2024-05-03 am EDT 5-day change 1st Jan Change
0.155 HKD +10.71% Intraday chart for Hing Ming Holdings Limited +14.81% -10.92%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 504 1,144 680 572 116 94.8
Enterprise Value (EV) 1 461 1,118 666.7 561 113.2 99.46
P/E ratio 32.8 x 181 x 616 x 125 x -38.2 x 38.8 x
Yield - - - - - -
Capitalization / Revenue 9.5 x 23.8 x 12.3 x 10.9 x 1.54 x 0.97 x
EV / Revenue 8.69 x 23.2 x 12.1 x 10.7 x 1.5 x 1.01 x
EV / EBITDA 21.3 x 58.2 x 41.3 x 31 x 8.88 x 4.74 x
EV / FCF -16.4 x -141 x -67.8 x -112 x 10.3 x -4.78 x
FCF Yield -6.11% -0.71% -1.48% -0.89% 9.71% -20.9%
Price to Book 4.45 x 9.64 x 5.68 x 4.6 x 0.96 x 0.76 x
Nbr of stocks (in thousands) 400,000 400,000 400,000 400,000 400,000 400,000
Reference price 2 1.260 2.860 1.700 1.430 0.2900 0.2370
Announcement Date 6/21/18 6/26/19 6/22/20 6/22/21 6/22/22 6/20/23
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Marzo 2018 2019 2020 2021 2022 2023
Net sales 1 53.03 48.16 55.22 52.36 75.44 98.24
EBITDA 1 21.65 19.2 16.13 18.11 12.74 20.97
EBIT 1 17.08 10.06 7.194 6.699 -0.836 4.99
Operating Margin 32.2% 20.88% 13.03% 12.79% -1.11% 5.08%
Earnings before Tax (EBT) 1 18.5 9.604 6.75 8.504 -1.772 4.304
Net income 1 15.37 6.325 1.104 4.579 -3.035 2.369
Net margin 28.99% 13.13% 2% 8.74% -4.02% 2.41%
EPS 2 0.0384 0.0158 0.002760 0.0114 -0.007587 0.006105
Free Cash Flow 1 -28.14 -7.954 -9.839 -5.008 10.99 -20.79
FCF margin -53.07% -16.52% -17.82% -9.56% 14.56% -21.16%
FCF Conversion (EBITDA) - - - - 86.27% -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 6/21/18 6/26/19 6/22/20 6/22/21 6/22/22 6/20/23
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - 4.66
Net Cash position 1 43 25.6 13.3 11 2.84 -
Leverage (Debt/EBITDA) - - - - - 0.2221 x
Free Cash Flow 1 -28.1 -7.95 -9.84 -5.01 11 -20.8
ROE (net income / shareholders' equity) 14.6% 5.45% 0.93% 3.75% -2.47% 1.98%
ROA (Net income/ Total Assets) 8.6% 4.6% 3.02% 2.86% -0.33% 1.74%
Assets 1 178.8 137.6 36.57 160.2 933.6 135.8
Book Value Per Share 2 0.2800 0.3000 0.3000 0.3100 0.3000 0.3100
Cash Flow per Share 2 0.1200 0.0900 0.0600 0.0300 0.0800 0.0400
Capex 1 34.1 25.4 32.6 18.4 11 37.3
Capex / Sales 64.38% 52.83% 59.01% 35.08% 14.52% 38.01%
Announcement Date 6/21/18 6/26/19 6/22/20 6/22/21 6/22/22 6/20/23
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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