Financials Shun Ho Property Investments Limited

Equities

219

HK0219009344

Hotels, Motels & Cruise Lines

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
0.77 HKD +2.67% Intraday chart for Shun Ho Property Investments Limited -1.28% -6.10%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,335 1,151 777.7 665.1 573 419.5
Enterprise Value (EV) 1 1,836 1,900 1,454 1,139 1,349 1,116
P/E ratio 2.21 x 66.5 x -4.53 x 9.75 x 1.19 x -5.75 x
Yield 2.66% 0.87% - - - -
Capitalization / Revenue 1.7 x 1.86 x 2 x 1.29 x 0.94 x 0.69 x
EV / Revenue 2.33 x 3.08 x 3.75 x 2.21 x 2.2 x 1.84 x
EV / EBITDA 4.22 x 7.27 x 8.12 x 4.96 x 4.14 x 4.81 x
EV / FCF 6.2 x 8.37 x 18 x 6.04 x 5.8 x 11 x
FCF Yield 16.1% 12% 5.54% 16.5% 17.2% 9.11%
Price to Book 0.19 x 0.16 x 0.11 x 0.1 x 0.08 x 0.06 x
Nbr of stocks (in thousands) 511,613 511,613 511,613 511,613 511,613 511,613
Reference price 2 2.610 2.250 1.520 1.300 1.120 0.8200
Announcement Date 4/17/19 4/20/20 4/19/21 4/13/22 4/25/23 4/23/24
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 787.1 617.3 387.9 514.4 612.7 606
EBITDA 1 434.7 261.3 179.2 229.9 325.6 232
EBIT 1 328.5 149.9 70.18 123.8 221.5 107.8
Operating Margin 41.73% 24.29% 18.09% 24.06% 36.16% 17.79%
Earnings before Tax (EBT) 1 740.2 57.78 -220.1 111 692.6 -11.82
Net income 1 604.1 17.31 -171.6 68.23 482.1 -72.97
Net margin 76.74% 2.8% -44.25% 13.26% 78.69% -12.04%
EPS 2 1.181 0.0338 -0.3355 0.1334 0.9424 -0.1426
Free Cash Flow 1 296.2 227 80.63 188.5 232.6 101.7
FCF margin 37.63% 36.78% 20.79% 36.65% 37.96% 16.78%
FCF Conversion (EBITDA) 68.14% 86.9% 45% 82.01% 71.44% 43.82%
FCF Conversion (Net income) 49.04% 1,311.59% - 276.35% 48.24% -
Dividend per Share 2 0.0693 0.0195 - - - -
Announcement Date 4/17/19 4/20/20 4/19/21 4/13/22 4/25/23 4/23/24
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 501 749 677 474 776 697
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.152 x 2.865 x 3.777 x 2.063 x 2.384 x 3.003 x
Free Cash Flow 1 296 227 80.6 189 233 102
ROE (net income / shareholders' equity) 8.53% 0.29% -2.9% 1.02% 7.8% -0.99%
ROA (Net income/ Total Assets) 2.12% 0.98% 0.47% 0.85% 1.45% 0.68%
Assets 1 28,443 1,765 -36,363 8,048 33,247 -10,762
Book Value Per Share 2 13.90 13.90 13.60 13.70 14.40 14.30
Cash Flow per Share 2 1.140 0.3000 0.3400 0.5100 0.5600 0.6500
Capex 1 11 10.4 36.6 15.8 9.68 32.3
Capex / Sales 1.39% 1.68% 9.45% 3.07% 1.58% 5.33%
Announcement Date 4/17/19 4/20/20 4/19/21 4/13/22 4/25/23 4/23/24
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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