SA SA INTERNATIONAL HOLDINGS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.79 HKD | +6.76% |
|
+14.49% | -21.78% |
| Apr. 15 | Sa Sa International's Turnover Drops 4.1% in Q1 | MT |
| Apr. 12 | Sa Sa International Holdings Limited Announces Unaudited Sales for the Fourth Quarter from 1 January to 31 March 2024 | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 8,296 | 3,600 | 5,524 | 4,313 | 5,710 | 2,452 | - | - |
| Enterprise Value (EV) 1 | 7,745 | 3,040 | 4,997 | 4,119 | 5,437 | 2,079 | 2,036 | 1,896 |
| P/E ratio | 17.4 x | -6.95 x | -15.8 x | -12.5 x | 96.8 x | 9.13 x | 6.92 x | 6.28 x |
| Yield | 5.97% | - | - | - | - | 6.66% | 9.15% | 9.97% |
| Capitalization / Revenue | 0.99 x | 0.63 x | 1.82 x | 1.26 x | 1.63 x | 0.54 x | 0.48 x | 0.43 x |
| EV / Revenue | 0.92 x | 0.53 x | 1.64 x | 1.21 x | 1.55 x | 0.46 x | 0.4 x | 0.33 x |
| EV / EBITDA | 11.8 x | 5.21 x | -16.4 x | -16.6 x | 83.6 x | 5.03 x | 4.04 x | 3.39 x |
| EV / FCF | 36.4 x | 5.67 x | 9.99 x | 63.3 x | 12.6 x | 11.4 x | 6.7 x | 5.45 x |
| FCF Yield | 2.75% | 17.7% | 10% | 1.58% | 7.94% | 8.8% | 14.9% | 18.4% |
| Price to Book | 3.3 x | 2.16 x | 4.15 x | 4.39 x | 6.13 x | 1.98 x | 1.85 x | 1.51 x |
| Nbr of stocks (in thousands) | 3,095,602 | 3,103,189 | 3,103,189 | 3,103,189 | 3,103,189 | 3,103,189 | - | - |
| Reference price 2 | 2.680 | 1.160 | 1.780 | 1.390 | 1.840 | 0.7900 | 0.7900 | 0.7900 |
| Announcement Date | 6/20/19 | 6/18/20 | 6/16/21 | 6/30/22 | 6/15/23 | - | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 8,376 | 5,717 | 3,043 | 3,413 | 3,501 | 4,543 | 5,112 | 5,681 |
| EBITDA 1 | 654.1 | 583.2 | -304.5 | -248.2 | 65.04 | 413.5 | 503.8 | 560.1 |
| EBIT 1 | 542.8 | -283 | -333.8 | -328.1 | 1.486 | 332.7 | 426.1 | 470.2 |
| Operating Margin | 6.48% | -4.95% | -10.97% | -9.61% | 0.04% | 7.32% | 8.34% | 8.28% |
| Earnings before Tax (EBT) 1 | 563.4 | -562 | -401.5 | -336.8 | -14.36 | 321.1 | 411.6 | 460.8 |
| Net income 1 | 470.8 | -515.9 | -351.4 | -343.7 | 58.25 | 268.4 | 348.9 | 385.9 |
| Net margin | 5.62% | -9.02% | -11.55% | -10.07% | 1.66% | 5.91% | 6.82% | 6.79% |
| EPS 2 | 0.1540 | -0.1670 | -0.1130 | -0.1110 | 0.0190 | 0.0866 | 0.1142 | 0.1257 |
| Free Cash Flow 1 | 212.7 | 536.6 | 500.2 | 65.07 | 431.8 | 183 | 304 | 348 |
| FCF margin | 2.54% | 9.39% | 16.44% | 1.91% | 12.34% | 4.03% | 5.95% | 6.13% |
| FCF Conversion (EBITDA) | 32.51% | 92.02% | - | - | 663.94% | 44.25% | 60.34% | 62.13% |
| FCF Conversion (Net income) | 45.17% | - | - | - | 741.35% | 68.17% | 87.14% | 90.17% |
| Dividend per Share 2 | 0.1600 | - | - | - | - | 0.0526 | 0.0723 | 0.0788 |
| Announcement Date | 6/20/19 | 6/18/20 | 6/16/21 | 6/30/22 | 6/15/23 | - | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,494 | 2,223 | 1,286 | 1,757 | 1,597 | 1,815 | 1,550 | 1,950 | - | 2,353 |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | -248.5 | - | -93.89 | -176.1 | - | - | - | - | 244 |
| Operating Margin | - | -11.18% | - | -5.34% | -11.03% | - | - | - | - | 10.37% |
| Earnings before Tax (EBT) 1 | - | -523.8 | -290.9 | -110.6 | -180.4 | -156.4 | - | 108.9 | - | 244 |
| Net income 1 | - | -479.4 | -242 | -109.4 | -181.6 | -162.1 | - | 191.4 | 102.4 | 206 |
| Net margin | - | -21.56% | -18.82% | -6.22% | -11.37% | -8.93% | - | 9.82% | - | 8.75% |
| EPS | -0.0120 | -0.1550 | - | - | - | - | - | - | 0.0330 | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/21/19 | 6/18/20 | 11/19/20 | 6/16/21 | 11/18/21 | 6/30/22 | 12/9/22 | 6/15/23 | 11/17/23 | - |
1HKD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 551 | 559 | 526 | 194 | 273 | 372 | 416 | 555 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 213 | 537 | 500 | 65.1 | 432 | 183 | 304 | 348 |
| ROE (net income / shareholders' equity) | 18.9% | -11.9% | -23.5% | -29.7% | 5.6% | 24.1% | 26.6% | 25.8% |
| ROA (Net income/ Total Assets) | 13.5% | -7.39% | -12.2% | -15% | 2.71% | 11.9% | 14.3% | 14.8% |
| Assets 1 | 3,492 | 6,985 | 2,889 | 2,299 | 2,150 | 2,247 | 2,445 | 2,609 |
| Book Value Per Share 2 | 0.8100 | 0.5400 | 0.4300 | 0.3200 | 0.3000 | 0.4000 | 0.4300 | 0.5200 |
| Cash Flow per Share 2 | 0.1100 | 0.2100 | 0.1800 | 0.0400 | 0.1600 | 0.1900 | 0.2200 | - |
| Capex 1 | 134 | 112 | 47.9 | 59.9 | 59.4 | 75 | 80 | 80 |
| Capex / Sales | 1.59% | 1.96% | 1.57% | 1.76% | 1.7% | 1.65% | 1.57% | 1.41% |
| Announcement Date | 6/20/19 | 6/18/20 | 6/16/21 | 6/30/22 | 6/15/23 | - | - | - |
1HKD in Million2HKD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
0.79
HKD
Average target price
1.652
HKD
Spread / Average Target
+109.18%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -21.78% | 313M | |
| -17.06% | 19.48B | |
| -8.60% | 18.71B | |
| +6.67% | 10.35B | |
| +24.45% | 9.97B | |
| 0.00% | 2.45B | |
| +897.50% | 2.44B | |
| -2.75% | 1.67B | |
| -11.87% | 1.54B | |
| +99.24% | 327M |
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