Financials Kam Hing International Holdings Limited

Equities

2307

KYG5213T1013

Textiles & Leather Goods

Market Closed - Hong Kong S.E. 04:08:07 2024-06-03 am EDT 5-day change 1st Jan Change
0.19 HKD 0.00% Intraday chart for Kam Hing International Holdings Limited +1.06% -26.92%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 530.7 435 382.8 369.7 252.3 226.2
Enterprise Value (EV) 1 1,976 1,617 1,165 1,358 679 591
P/E ratio 7.29 x 7.25 x -10.2 x 8.04 x -4.33 x -1.7 x
Yield 2.46% 3% - 3.06% - -
Capitalization / Revenue 0.11 x 0.1 x 0.1 x 0.08 x 0.06 x 0.06 x
EV / Revenue 0.42 x 0.37 x 0.3 x 0.31 x 0.17 x 0.16 x
EV / EBITDA 4.26 x 3.69 x 3.94 x 3.64 x 3.41 x 5.03 x
EV / FCF 92 x 4.98 x 3.17 x -5.29 x 0.96 x 4.35 x
FCF Yield 1.09% 20.1% 31.5% -18.9% 104% 23%
Price to Book 0.27 x 0.22 x 0.18 x 0.17 x 0.13 x 0.14 x
Nbr of stocks (in thousands) 869,919 869,919 869,919 869,919 869,919 869,919
Reference price 2 0.6100 0.5000 0.4400 0.4250 0.2900 0.2600
Announcement Date 4/26/19 4/21/20 4/21/21 4/21/22 4/27/23 4/29/24
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 4,651 4,351 3,827 4,389 4,106 3,604
EBITDA 1 464.1 438.6 295.4 373.4 199.1 117.4
EBIT 1 132.1 117.8 -1.988 76.38 -80.27 -128.5
Operating Margin 2.84% 2.71% -0.05% 1.74% -1.95% -3.56%
Earnings before Tax (EBT) 1 87.1 72.19 -29.05 56.71 -53.84 -125
Net income 1 72.83 60.09 -37.3 45.99 -57.96 -132.9
Net margin 1.57% 1.38% -0.97% 1.05% -1.41% -3.69%
EPS 2 0.0837 0.0690 -0.0430 0.0529 -0.0670 -0.1530
Free Cash Flow 1 21.47 324.5 367.4 -256.5 704.4 135.7
FCF margin 0.46% 7.46% 9.6% -5.84% 17.15% 3.77%
FCF Conversion (EBITDA) 4.63% 73.98% 124.35% - 353.79% 115.59%
FCF Conversion (Net income) 29.49% 540.04% - - - -
Dividend per Share 2 0.0150 0.0150 - 0.0130 - -
Announcement Date 4/26/19 4/21/20 4/21/21 4/21/22 4/27/23 4/29/24
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,445 1,182 782 989 427 365
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 3.114 x 2.695 x 2.648 x 2.648 x 2.143 x 3.107 x
Free Cash Flow 1 21.5 325 367 -257 704 136
ROE (net income / shareholders' equity) 3.52% 3.07% -1.75% 2.29% -2.65% -7.55%
ROA (Net income/ Total Assets) 1.7% 1.5% -0.03% 0.96% -1.08% -2.04%
Assets 1 4,279 3,996 143,454 4,767 5,354 6,501
Book Value Per Share 2 2.230 2.290 2.400 2.540 2.200 1.900
Cash Flow per Share 2 0.6400 0.8900 0.9200 0.9900 1.240 1.050
Capex 1 263 164 107 114 76.9 163
Capex / Sales 5.66% 3.78% 2.8% 2.59% 1.87% 4.52%
Announcement Date 4/26/19 4/21/20 4/21/21 4/21/22 4/27/23 4/29/24
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

  1. Stock Market
  2. Equities
  3. 2307 Stock
  4. Financials Kam Hing International Holdings Limited