IPE GROUP LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.485 HKD | 0.00% |
|
-3.00% | -3.00% |
| Mar. 22 | IPE Group Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Mar. 12 | IPE Group Expects 45% Decline in 2023 Profit | MT |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,136 | 904.9 | 726.1 | 947 | 641.9 | 526.1 |
| Enterprise Value (EV) 1 | 725.7 | 311.3 | -10.09 | 226.3 | 56.15 | -0.8309 |
| P/E ratio | 13.3 x | 22.5 x | 26.5 x | 11.6 x | 73.8 x | 92.9 x |
| Yield | 0.83% | 0.58% | - | - | - | - |
| Capitalization / Revenue | 1.2 x | 1.11 x | 0.91 x | 0.92 x | 0.67 x | 0.59 x |
| EV / Revenue | 0.77 x | 0.38 x | -0.01 x | 0.22 x | 0.06 x | -0 x |
| EV / EBITDA | 3.09 x | 1.97 x | -0.1 x | 1.48 x | 0.55 x | -0.01 x |
| EV / FCF | 20.2 x | 1.73 x | -0.14 x | -2.98 x | -3.01 x | -0.01 x |
| FCF Yield | 4.95% | 57.9% | -739% | -33.5% | -33.2% | -10,579% |
| Price to Book | 0.67 x | 0.53 x | 0.39 x | 0.47 x | 0.35 x | 0.29 x |
| Nbr of stocks (in thousands) | 1,052,254 | 1,052,254 | 1,052,254 | 1,052,254 | 1,052,254 | 1,052,254 |
| Reference price 2 | 1.080 | 0.8600 | 0.6900 | 0.9000 | 0.6100 | 0.5000 |
| Announcement Date | 4/10/19 | 4/15/20 | 4/22/21 | 3/23/22 | 4/21/23 | 4/12/24 |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 943.5 | 812.2 | 793.7 | 1,031 | 962.6 | 898.7 |
| EBITDA 1 | 234.6 | 157.9 | 101.8 | 152.6 | 101.6 | 100 |
| EBIT 1 | 113.3 | 50.02 | 20.36 | 62.6 | 9.98 | 0.719 |
| Operating Margin | 12.01% | 6.16% | 2.56% | 6.07% | 1.04% | 0.08% |
| Earnings before Tax (EBT) 1 | 100.2 | 48.58 | 42.2 | 117.6 | 37.36 | 29.37 |
| Net income 1 | 85.33 | 40.34 | 27.41 | 81.43 | 8.693 | 5.667 |
| Net margin | 9.04% | 4.97% | 3.45% | 7.9% | 0.9% | 0.63% |
| EPS 2 | 0.0811 | 0.0383 | 0.0260 | 0.0774 | 0.008261 | 0.005385 |
| Free Cash Flow 1 | 35.93 | 180.2 | 74.59 | -75.9 | -18.65 | 87.9 |
| FCF margin | 3.81% | 22.18% | 9.4% | -7.36% | -1.94% | 9.78% |
| FCF Conversion (EBITDA) | 15.31% | 114.12% | 73.26% | - | - | 87.91% |
| FCF Conversion (Net income) | 42.11% | 446.6% | 272.12% | - | - | 1,551.12% |
| Dividend per Share 2 | 0.009000 | 0.005000 | - | - | - | - |
| Announcement Date | 4/10/19 | 4/15/20 | 4/22/21 | 3/23/22 | 4/21/23 | 4/12/24 |
1HKD in Million2HKD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 411 | 594 | 736 | 721 | 586 | 527 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 35.9 | 180 | 74.6 | -75.9 | -18.6 | 87.9 |
| ROE (net income / shareholders' equity) | 4.98% | 2.41% | 1.61% | 4.6% | 1.4% | 0.81% |
| ROA (Net income/ Total Assets) | 3.09% | 1.43% | 0.58% | 1.65% | 0.26% | 0.02% |
| Assets 1 | 2,763 | 2,815 | 4,724 | 4,927 | 3,341 | 30,799 |
| Book Value Per Share 2 | 1.610 | 1.630 | 1.790 | 1.910 | 1.750 | 1.740 |
| Cash Flow per Share 2 | 0.8000 | 0.8100 | 0.8800 | 0.8000 | 0.6900 | 0.6400 |
| Capex 1 | 107 | 27.7 | 71.7 | 113 | 99 | 103 |
| Capex / Sales | 11.33% | 3.41% | 9.03% | 10.94% | 10.28% | 11.45% |
| Announcement Date | 4/10/19 | 4/15/20 | 4/22/21 | 3/23/22 | 4/21/23 | 4/12/24 |
1HKD in Million2HKD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -3.00% | 65.19M | |
| +29.62% | 50.98B | |
| +25.77% | 20.39B | |
| -20.63% | 19.42B | |
| +31.67% | 17.27B | |
| +1.48% | 15.84B | |
| -14.23% | 14.09B | |
| -18.75% | 13.35B | |
| +31.97% | 11.74B | |
| +28.58% | 10.66B |
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