Financials Hong Fok Corporation Limited

Equities

H30

SG1J14885763

Real Estate Development & Operations

Market Closed - Singapore S.E. 05:04:34 2024-04-26 am EDT 5-day change 1st Jan Change
0.82 SGD -1.20% Intraday chart for Hong Fok Corporation Limited +2.50% -9.89%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 471.3 538.4 625.1 642 778.4 745.6
Enterprise Value (EV) 1 1,180 1,248 1,343 1,312 1,428 1,378
P/E ratio 2.49 x 4.81 x -57.2 x 13 x 2.82 x 6.63 x
Yield 1.47% 1.27% 1.35% 1.32% 1.05% 1.1%
Capitalization / Revenue 3.59 x 4.75 x 7.77 x 7.09 x 5.06 x 6.74 x
EV / Revenue 9 x 11 x 16.7 x 14.5 x 9.27 x 12.5 x
EV / EBITDA 21.6 x 25.7 x 37.7 x 34.3 x 19.2 x 26.2 x
EV / FCF 23.3 x 39 x -1,017 x 20.1 x 30.5 x 60.7 x
FCF Yield 4.29% 2.56% -0.1% 4.97% 3.28% 1.65%
Price to Book 0.25 x 0.27 x 0.32 x 0.32 x 0.35 x 0.33 x
Nbr of stocks (in thousands) 693,023 681,526 844,675 844,675 819,392 819,297
Reference price 2 0.6800 0.7900 0.7400 0.7600 0.9500 0.9100
Announcement Date 4/15/19 4/15/20 4/6/21 4/4/22 4/5/23 4/4/24
1SGD in Million2SGD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 131.1 113.3 80.42 90.53 153.9 110.6
EBITDA 1 54.69 48.47 35.61 38.2 74.24 52.61
EBIT 1 53.93 47.59 34.68 37.25 73.23 52.01
Operating Margin 41.13% 42.02% 43.12% 41.14% 47.57% 47.02%
Earnings before Tax (EBT) 1 273.6 119.8 -22.12 49.18 239.3 99.07
Net income 1 188.9 112.5 -8.696 38.91 220.1 88.07
Net margin 144.07% 99.34% -10.81% 42.98% 142.98% 79.61%
EPS 2 0.2726 0.1642 -0.0129 0.0583 0.3371 0.1372
Free Cash Flow 1 50.59 31.97 -1.321 65.18 46.84 22.72
FCF margin 38.58% 28.23% -1.64% 72% 30.43% 20.54%
FCF Conversion (EBITDA) 92.51% 65.96% - 170.62% 63.09% 43.19%
FCF Conversion (Net income) 26.78% 28.41% - 167.53% 21.28% 25.8%
Dividend per Share 2 0.0100 0.0100 0.0100 0.0100 0.0100 0.0100
Announcement Date 4/15/19 4/15/20 4/6/21 4/4/22 4/5/23 4/4/24
1SGD in Million2SGD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 708 709 718 670 649 633
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 12.95 x 14.63 x 20.17 x 17.54 x 8.745 x 12.03 x
Free Cash Flow 1 50.6 32 -1.32 65.2 46.8 22.7
ROE (net income / shareholders' equity) 11.3% 4.46% -1.01% 1.72% 8.61% 3.33%
ROA (Net income/ Total Assets) 1.04% 0.87% 0.63% 0.68% 1.3% 0.9%
Assets 1 18,250 12,956 -1,383 5,757 16,935 9,809
Book Value Per Share 2 2.740 2.920 2.330 2.370 2.700 2.790
Cash Flow per Share 2 0.0700 0.0600 0.0500 0.0900 0.0400 0.0800
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 4/15/19 4/15/20 4/6/21 4/4/22 4/5/23 4/4/24
1SGD in Million2SGD
Estimates
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