MIRAMAR HOTEL AND INVESTMENT COMPANY, LIMITED Financials Miramar Hotel and Investment Company, Limited
Equities
71
HK0071000456
Real Estate Development & Operations
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9.97 HKD | +0.30% |
|
+1.53% | -6.82% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 10,530 | 10,848 | 8,982 | 8,844 | 8,416 | 7,393 |
| Enterprise Value (EV) 1 | 5,762 | 5,698 | 3,961 | 3,620 | 3,071 | 1,811 |
| P/E ratio | 6.46 x | 8.44 x | 29.8 x | 26.8 x | 17.7 x | 7.59 x |
| Yield | 4% | 3.69% | 3.85% | 3.59% | 4.11% | 4.95% |
| Capitalization / Revenue | 3.29 x | 3.54 x | 6.83 x | 7.09 x | 6.09 x | 2.9 x |
| EV / Revenue | 1.8 x | 1.86 x | 3.01 x | 2.9 x | 2.22 x | 0.71 x |
| EV / EBITDA | 5.14 x | 5.41 x | 7.16 x | 6.36 x | 5.16 x | 1.81 x |
| EV / FCF | 7.31 x | 6.81 x | 39.3 x | 8.45 x | 6.6 x | 2.49 x |
| FCF Yield | 13.7% | 14.7% | 2.55% | 11.8% | 15.1% | 40.2% |
| Price to Book | 0.55 x | 0.55 x | 0.45 x | 0.44 x | 0.42 x | 0.36 x |
| Nbr of stocks (in thousands) | 690,960 | 690,960 | 690,960 | 690,960 | 690,960 | 690,960 |
| Reference price 2 | 15.24 | 15.70 | 13.00 | 12.80 | 12.18 | 10.70 |
| Announcement Date | 4/23/19 | 4/23/20 | 4/26/21 | 4/26/22 | 4/25/23 | 4/24/24 |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 3,203 | 3,062 | 1,315 | 1,247 | 1,382 | 2,553 |
| EBITDA 1 | 1,121 | 1,053 | 552.9 | 569.1 | 594.9 | 999.8 |
| EBIT 1 | 1,022 | 978.5 | 513.3 | 538.6 | 567.9 | 970.9 |
| Operating Margin | 31.91% | 31.96% | 39.04% | 43.19% | 41.08% | 38.03% |
| Earnings before Tax (EBT) 1 | 1,818 | 1,481 | 408.3 | 422.8 | 580.2 | 1,128 |
| Net income 1 | 1,624 | 1,288 | 301.9 | 330 | 480.1 | 977.1 |
| Net margin | 50.7% | 42.07% | 22.96% | 26.46% | 34.73% | 38.28% |
| EPS 2 | 2.360 | 1.860 | 0.4369 | 0.4775 | 0.6900 | 1.410 |
| Free Cash Flow 1 | 788.4 | 836.4 | 100.8 | 428.2 | 465 | 728.4 |
| FCF margin | 24.61% | 27.32% | 7.67% | 34.34% | 33.63% | 28.53% |
| FCF Conversion (EBITDA) | 70.3% | 79.43% | 18.24% | 75.25% | 78.15% | 72.85% |
| FCF Conversion (Net income) | 48.54% | 64.93% | 33.4% | 129.79% | 96.84% | 74.54% |
| Dividend per Share 2 | 0.6100 | 0.5800 | 0.5000 | 0.4600 | 0.5000 | 0.5300 |
| Announcement Date | 4/23/19 | 4/23/20 | 4/26/21 | 4/26/22 | 4/25/23 | 4/24/24 |
1HKD in Million2HKD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 4,769 | 5,150 | 5,022 | 5,224 | 5,345 | 5,583 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 788 | 836 | 101 | 428 | 465 | 728 |
| ROE (net income / shareholders' equity) | 9.14% | 6.82% | 1.54% | 1.68% | 2.43% | 4.99% |
| ROA (Net income/ Total Assets) | 3.29% | 2.92% | 1.51% | 1.6% | 1.68% | 2.81% |
| Assets 1 | 49,360 | 44,155 | 20,015 | 20,647 | 28,629 | 34,796 |
| Book Value Per Share 2 | 27.50 | 28.80 | 28.70 | 28.80 | 28.90 | 29.60 |
| Cash Flow per Share 2 | 6.820 | 7.600 | 7.310 | 7.600 | 7.790 | 8.060 |
| Capex | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - |
| Announcement Date | 4/23/19 | 4/23/20 | 4/26/21 | 4/26/22 | 4/25/23 | 4/24/24 |
1HKD in Million2HKD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -6.82% | 881M | |
| +37.77% | 28.71B | |
| -13.85% | 26.95B | |
| +22.78% | 26.45B | |
| +1.61% | 25.94B | |
| +46.99% | 23.39B | |
| +5.96% | 20.4B | |
| -2.65% | 19.76B | |
| +28.59% | 16.53B | |
| -14.16% | 15.1B |
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- Financials Miramar Hotel and Investment Company, Limited
