MECOM POWER AND CONSTRUCTION LIMITED Financials MECOM Power and Construction Limited
Equities
1183
KYG5960P1046
Construction & Engineering
|
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.184 HKD | -1.08% |
|
+5.14% | -38.67% |
| Mar. 27 | MECOM Power and Construction Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Feb. 06 | MECOM Power and Construction Forecasts Plunge in 2023 Profit | MT |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,310 | 1,456 | 4,401 | 6,609 | 5,405 | 1,232 |
| Enterprise Value (EV) 1 | 994 | 1,231 | 4,225 | 6,383 | 5,420 | 1,455 |
| P/E ratio | 23.3 x | 25.9 x | 86.7 x | 52.5 x | 66.6 x | -107 x |
| Yield | 4.14% | 3.8% | 1.12% | 1.69% | 0.76% | - |
| Capitalization / Revenue | 2.19 x | 2.92 x | 6.22 x | 7.25 x | 4.03 x | 0.82 x |
| EV / Revenue | 1.66 x | 2.47 x | 5.97 x | 7 x | 4.04 x | 0.97 x |
| EV / EBITDA | 12.5 x | 18.4 x | 69.6 x | 42.8 x | 53.3 x | 77.7 x |
| EV / FCF | -21.2 x | -17.8 x | 424 x | 46.8 x | -25.3 x | -7.19 x |
| FCF Yield | -4.73% | -5.63% | 0.24% | 2.14% | -3.95% | -13.9% |
| Price to Book | 2.9 x | 3.15 x | 10 x | 14.8 x | 13.6 x | 3.27 x |
| Nbr of stocks (in thousands) | 4,050,000 | 4,043,527 | 4,028,542 | 4,010,281 | 3,996,096 | 3,985,997 |
| Reference price 2 | 0.3235 | 0.3601 | 1.093 | 1.648 | 1.353 | 0.3090 |
| Announcement Date | 4/26/19 | 4/24/20 | 4/26/21 | 4/25/22 | 4/25/23 | 4/25/24 |
1MOP in Million2MOP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 597.6 | 498.9 | 707.3 | 912 | 1,342 | 1,496 |
| EBITDA 1 | 79.35 | 67.03 | 60.68 | 149.2 | 101.7 | 18.72 |
| EBIT 1 | 74.35 | 58.52 | 53.86 | 142 | 95.22 | 10.68 |
| Operating Margin | 12.44% | 11.73% | 7.61% | 15.57% | 7.1% | 0.71% |
| Earnings before Tax (EBT) 1 | 64.34 | 64.04 | 56.96 | 144.5 | 102.5 | 11.09 |
| Net income 1 | 55.01 | 56.33 | 50.92 | 126.5 | 81.34 | -11.58 |
| Net margin | 9.21% | 11.29% | 7.2% | 13.87% | 6.06% | -0.77% |
| EPS 2 | 0.0139 | 0.0139 | 0.0126 | 0.0314 | 0.0203 | -0.002900 |
| Free Cash Flow 1 | -46.98 | -69.27 | 9.972 | 136.5 | -214 | -202.3 |
| FCF margin | -7.86% | -13.88% | 1.41% | 14.97% | -15.95% | -13.52% |
| FCF Conversion (EBITDA) | - | - | 16.43% | 91.49% | - | - |
| FCF Conversion (Net income) | - | - | 19.58% | 107.93% | - | - |
| Dividend per Share 2 | 0.0134 | 0.0137 | 0.0122 | 0.0279 | 0.0103 | - |
| Announcement Date | 4/26/19 | 4/24/20 | 4/26/21 | 4/25/22 | 4/25/23 | 4/25/24 |
1MOP in Million2MOP
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | 14.9 | 223 |
| Net Cash position 1 | 316 | 225 | 177 | 226 | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | 0.1468 x | 11.92 x |
| Free Cash Flow 1 | -47 | -69.3 | 9.97 | 136 | -214 | -202 |
| ROE (net income / shareholders' equity) | 16.8% | 12.3% | 11.3% | 28.5% | 19.7% | 1.16% |
| ROA (Net income/ Total Assets) | 8.93% | 5.89% | 5.41% | 13.7% | 7.09% | 0.64% |
| Assets 1 | 616 | 956.7 | 942 | 921.8 | 1,147 | -1,808 |
| Book Value Per Share 2 | 0.1100 | 0.1100 | 0.1100 | 0.1100 | 0.1000 | 0.0900 |
| Cash Flow per Share 2 | 0.0200 | 0.0300 | 0.0400 | 0.0400 | 0.0200 | 0.0100 |
| Capex 1 | 15.1 | 43.5 | 0.19 | 9.43 | 68.8 | 137 |
| Capex / Sales | 2.52% | 8.72% | 0.03% | 1.03% | 5.13% | 9.16% |
| Announcement Date | 4/26/19 | 4/24/20 | 4/26/21 | 4/25/22 | 4/25/23 | 4/25/24 |
1MOP in Million2MOP
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -38.67% | 94.79M | |
| +66.53% | 978M | |
| +70.82% | 158M | |
| -2.57% | 125M | |
| +15.17% | 114M | |
| -1.48% | 111M | |
| -7.65% | 64.25M | |
| +6.02% | 53.01M | |
| +32.09% | 54.86M |
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