Market Closed -
Hong Kong S.E.
04:08:20 2024-05-14 am EDT
|
5-day change
|
1st Jan Change
|
7.66
HKD
|
-1.29%
|
|
+5.51%
|
+21.39%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
23,946
|
17,314
|
18,905
|
17,294
|
17,189
|
20,494
|
-
|
-
|
Enterprise Value (EV)
1 |
33,790
|
27,076
|
35,096
|
44,777
|
45,261
|
44,212
|
42,504
|
41,748
|
P/E ratio
|
8.72
x
|
6.56
x
|
5.54
x
|
7.09
x
|
5.84
x
|
6.86
x
|
6.25
x
|
6.37
x
|
Yield
|
5.2%
|
7%
|
10.1%
|
-
|
9.59%
|
7.79%
|
8.24%
|
8.19%
|
Capitalization / Revenue
|
3.87
x
|
2.16
x
|
1.74
x
|
1.85
x
|
1.85
x
|
2.14
x
|
1.93
x
|
1.85
x
|
EV / Revenue
|
5.46
x
|
3.37
x
|
3.23
x
|
4.78
x
|
4.87
x
|
4.61
x
|
4
x
|
3.76
x
|
EV / EBITDA
|
8.56
x
|
6.02
x
|
6.47
x
|
9.51
x
|
8.42
x
|
7.59
x
|
7.08
x
|
6.77
x
|
EV / FCF
|
31,450,758
x
|
-8,130,346
x
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF Yield
|
0%
|
-0%
|
-
|
-
|
-
|
-
|
-
|
-
|
Price to Book
|
1.19
x
|
0.58
x
|
0.54
x
|
-
|
0.68
x
|
0.72
x
|
0.68
x
|
0.64
x
|
Nbr of stocks (in thousands)
|
2,180,770
|
2,180,770
|
2,180,770
|
2,180,770
|
2,180,770
|
2,180,770
|
-
|
-
|
Reference price
2 |
9.991
|
6.144
|
6.152
|
5.944
|
5.735
|
7.091
|
7.091
|
7.091
|
Announcement Date
|
3/18/20
|
3/24/21
|
3/29/22
|
3/24/23
|
3/22/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
6,186
|
8,027
|
10,872
|
9,373
|
9,295
|
9,597
|
10,618
|
11,100
|
EBITDA
1 |
3,950
|
4,499
|
5,426
|
4,709
|
5,376
|
5,827
|
6,001
|
6,164
|
EBIT
1 |
2,444
|
2,713
|
3,134
|
2,487
|
3,013
|
3,104
|
3,432
|
3,635
|
Operating Margin
|
39.51%
|
33.8%
|
28.83%
|
26.54%
|
32.42%
|
32.34%
|
32.32%
|
32.75%
|
Earnings before Tax (EBT)
1 |
2,444
|
2,709
|
3,178
|
2,485
|
2,916
|
3,068
|
3,441
|
3,524
|
Net income
1 |
2,499
|
2,055
|
2,606
|
2,014
|
2,327
|
2,441
|
2,819
|
3,014
|
Net margin
|
40.41%
|
25.6%
|
23.97%
|
21.49%
|
25.04%
|
25.44%
|
26.55%
|
27.16%
|
EPS
2 |
1.146
|
0.9360
|
1.110
|
0.8380
|
0.9820
|
1.034
|
1.135
|
1.114
|
Free Cash Flow
|
1,074
|
-3,330
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF margin
|
17.37%
|
-41.49%
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF Conversion (EBITDA)
|
27.2%
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF Conversion (Net income)
|
42.98%
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
2 |
0.5200
|
0.4300
|
0.6200
|
-
|
0.5500
|
0.5525
|
0.5841
|
0.5805
|
Announcement Date
|
3/18/20
|
3/24/21
|
3/29/22
|
3/24/23
|
3/22/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2021 S2
|
2022 Q1
|
---|
Net sales
|
-
|
-
|
-
|
-
|
EBITDA
|
-
|
-
|
-
|
-
|
EBIT
|
-
|
-
|
-
|
-
|
Operating Margin
|
-
|
-
|
-
|
-
|
Earnings before Tax (EBT)
|
-
|
-
|
-
|
-
|
Net income
1 |
922.7
|
43.92
|
1,387
|
412.7
|
Net margin
|
-
|
-
|
-
|
-
|
EPS
|
-
|
-
|
-
|
-
|
Dividend per Share
|
-
|
-
|
-
|
-
|
Announcement Date
|
3/18/20
|
8/21/20
|
3/29/22
|
4/28/22
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
9,844
|
9,761
|
16,191
|
27,483
|
28,072
|
23,719
|
22,010
|
21,254
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
2.492
x
|
2.17
x
|
2.984
x
|
5.836
x
|
5.222
x
|
4.071
x
|
3.668
x
|
3.448
x
|
Free Cash Flow
|
1,074
|
-3,330
|
-
|
-
|
-
|
-
|
-
|
-
|
ROE (net income / shareholders' equity)
|
14.1%
|
10.8%
|
12.2%
|
9.93%
|
12%
|
10.1%
|
10.5%
|
10.3%
|
ROA (Net income/ Total Assets)
|
5.81%
|
4.08%
|
4.5%
|
2.85%
|
3.4%
|
3.51%
|
3.98%
|
4.18%
|
Assets
1 |
43,013
|
50,405
|
57,879
|
70,753
|
68,357
|
69,644
|
70,917
|
72,204
|
Book Value Per Share
2 |
8.430
|
10.60
|
11.30
|
-
|
8.420
|
9.850
|
10.50
|
11.00
|
Cash Flow per Share
2 |
0.8000
|
0.5000
|
1.680
|
-
|
1.880
|
2.770
|
2.510
|
2.350
|
Capex
1 |
677
|
2,483
|
3,775
|
2,091
|
2,081
|
1,887
|
1,973
|
2,200
|
Capex / Sales
|
10.95%
|
30.93%
|
34.72%
|
22.31%
|
22.38%
|
19.67%
|
18.58%
|
19.82%
|
Announcement Date
|
3/18/20
|
3/24/21
|
3/29/22
|
3/24/23
|
3/22/24
|
-
|
-
|
-
|
Last Close Price
7.091
CNY Average target price
7.865
CNY Spread / Average Target +10.91% Consensus |
1st Jan change
|
Capi.
|
---|
| +21.39% | 2.83B | | -10.36% | 25.64B | | +0.22% | 20.21B | | +15.76% | 10.67B | | +20.80% | 7.57B | | +9.65% | 6.98B | | +5.41% | 6.61B | | +28.53% | 5.97B | | -7.27% | 5.26B | | -9.87% | 5.02B |
Highway Operators
|