Delayed
Hong Kong S.E.
01:56:51 2024-05-09 am EDT
|
5-day change
|
1st Jan Change
|
4.22
HKD
|
+2.43%
|
|
+18.49%
|
+29.36%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
27,463
|
28,206
|
27,920
|
24,561
|
33,377
|
38,606
|
-
|
-
|
Enterprise Value (EV)
1 |
26,636
|
29,847
|
26,768
|
21,406
|
29,588
|
35,334
|
30,273
|
30,833
|
P/E ratio
|
6.23
x
|
6.41
x
|
4.07
x
|
-
|
5.1
x
|
6.05
x
|
5.96
x
|
5.61
x
|
Yield
|
5.07%
|
5.06%
|
8.84%
|
-
|
4.88%
|
7.44%
|
7.34%
|
8.31%
|
Capitalization / Revenue
|
0.35
x
|
0.33
x
|
0.22
x
|
0.23
x
|
0.33
x
|
0.34
x
|
0.34
x
|
0.32
x
|
EV / Revenue
|
0.34
x
|
0.35
x
|
0.22
x
|
0.2
x
|
0.29
x
|
0.31
x
|
0.27
x
|
0.25
x
|
EV / EBITDA
|
5.1
x
|
5.46
x
|
3.8
x
|
2.85
x
|
4.17
x
|
5.64
x
|
4.44
x
|
4.05
x
|
EV / FCF
|
19
x
|
13.1
x
|
9.1
x
|
-
|
-
|
8.36
x
|
8.85
x
|
7.49
x
|
FCF Yield
|
5.25%
|
7.63%
|
11%
|
-
|
-
|
12%
|
11.3%
|
13.4%
|
Price to Book
|
0.62
x
|
0.58
x
|
0.46
x
|
-
|
0.57
x
|
0.67
x
|
0.65
x
|
0.61
x
|
Nbr of stocks (in thousands)
|
7,400,804
|
7,400,804
|
7,400,804
|
7,256,523
|
7,244,937
|
7,265,954
|
-
|
-
|
Reference price
2 |
2.368
|
2.373
|
2.037
|
2.243
|
2.972
|
3.809
|
3.809
|
3.809
|
Announcement Date
|
3/31/20
|
3/30/21
|
3/29/22
|
3/27/23
|
3/22/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
77,650
|
84,537
|
124,346
|
108,817
|
101,705
|
112,957
|
113,594
|
121,568
|
EBITDA
1 |
5,218
|
5,464
|
7,041
|
7,514
|
7,096
|
6,267
|
6,821
|
7,613
|
EBIT
1 |
3,372
|
3,379
|
4,867
|
5,204
|
5,473
|
4,230
|
4,238
|
4,705
|
Operating Margin
|
4.34%
|
4%
|
3.91%
|
4.78%
|
5.38%
|
3.74%
|
3.73%
|
3.87%
|
Earnings before Tax (EBT)
1 |
3,326
|
3,536
|
4,732
|
5,198
|
5,510
|
5,730
|
6,101
|
6,569
|
Net income
1 |
2,803
|
2,754
|
3,713
|
4,068
|
4,222
|
4,573
|
4,733
|
5,076
|
Net margin
|
3.61%
|
3.26%
|
2.99%
|
3.74%
|
4.15%
|
4.05%
|
4.17%
|
4.18%
|
EPS
2 |
0.3800
|
0.3700
|
0.5000
|
-
|
0.5822
|
0.6300
|
0.6393
|
0.6788
|
Free Cash Flow
1 |
1,399
|
2,277
|
2,943
|
-
|
-
|
4,229
|
3,419
|
4,116
|
FCF margin
|
1.8%
|
2.69%
|
2.37%
|
-
|
-
|
3.74%
|
3.01%
|
3.39%
|
FCF Conversion (EBITDA)
|
26.82%
|
41.67%
|
41.79%
|
-
|
-
|
67.48%
|
50.12%
|
54.07%
|
FCF Conversion (Net income)
|
49.91%
|
82.68%
|
79.24%
|
-
|
-
|
92.48%
|
72.24%
|
81.1%
|
Dividend per Share
2 |
0.1200
|
0.1200
|
0.1800
|
-
|
0.1450
|
0.2834
|
0.2794
|
0.3166
|
Announcement Date
|
3/31/20
|
3/30/21
|
3/29/22
|
3/27/23
|
3/22/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2020 S2
|
2021 Q4
|
2021 S2
|
2022 Q1
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2022 S2
|
2023 Q1
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2023 S2
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
---|
Net sales
1 |
39,930
|
39,691
|
44,843
|
26,530
|
62,669
|
-
|
55,191
|
25,202
|
28,424
|
53,625
|
22,361
|
47,837
|
24,936
|
28,932
|
53,868
|
24,287
|
27,082
|
26,520
|
30,769
|
EBITDA
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
1,218
|
-
|
-
|
1,243
|
-
|
-
|
-
|
-
|
-
|
1,418
|
1,456
|
1,593
|
EBIT
|
-
|
-
|
-
|
939.1
|
2,167
|
-
|
2,758
|
1,457
|
1,276
|
710.6
|
1,217
|
-
|
1,285
|
1,378
|
1,378
|
1,015
|
-
|
-
|
-
|
Operating Margin
|
-
|
-
|
-
|
3.54%
|
3.46%
|
-
|
5%
|
5.78%
|
4.49%
|
1.33%
|
5.44%
|
-
|
5.15%
|
4.76%
|
2.56%
|
4.18%
|
-
|
-
|
-
|
Earnings before Tax (EBT)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
|
-
|
1,215
|
-
|
634.2
|
1,551
|
982.5
|
-
|
-
|
-
|
-
|
960.9
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net margin
|
-
|
3.06%
|
-
|
2.39%
|
2.47%
|
-
|
-
|
-
|
-
|
-
|
4.3%
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EPS
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
3/31/20
|
8/27/20
|
3/30/21
|
3/29/22
|
3/29/22
|
4/27/22
|
8/25/22
|
10/26/22
|
3/27/23
|
3/27/23
|
4/28/23
|
9/7/23
|
10/27/23
|
3/22/24
|
3/22/24
|
4/29/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
1,641
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
827
|
-
|
1,152
|
3,154
|
3,788
|
6,855
|
8,622
|
8,653
|
Leverage (Debt/EBITDA)
|
-
|
0.3003
x
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
1,399
|
2,277
|
2,943
|
-
|
-
|
4,229
|
3,419
|
4,117
|
ROE (net income / shareholders' equity)
|
10.9%
|
9.35%
|
11.7%
|
11.9%
|
11.6%
|
11.1%
|
11%
|
11.1%
|
ROA (Net income/ Total Assets)
|
4.54%
|
4.31%
|
5.3%
|
-
|
5.47%
|
5.7%
|
5.73%
|
5.76%
|
Assets
1 |
61,690
|
63,863
|
70,060
|
-
|
77,194
|
80,228
|
82,595
|
88,073
|
Book Value Per Share
2 |
3.840
|
4.110
|
4.470
|
-
|
5.180
|
5.660
|
5.880
|
6.240
|
Cash Flow per Share
2 |
0.4500
|
0.5300
|
0.5600
|
-
|
0.5300
|
0.9100
|
0.7600
|
1.070
|
Capex
1 |
1,921
|
1,679
|
1,222
|
1,283
|
1,223
|
1,800
|
1,712
|
1,708
|
Capex / Sales
|
2.47%
|
1.99%
|
0.98%
|
1.18%
|
1.2%
|
1.59%
|
1.51%
|
1.41%
|
Announcement Date
|
3/31/20
|
3/30/21
|
3/29/22
|
3/27/23
|
3/22/24
|
-
|
-
|
-
|
Last Close Price
3.809
CNY Average target price
3.972
CNY Spread / Average Target +4.30% Consensus |
1st Jan change
|
Capi.
|
---|
| +29.36% | 5.34B | | -6.02% | 126B | | +1.99% | 63.49B | | -14.59% | 48.17B | | -8.15% | 16.49B | | +23.29% | 8.29B | | -53.10% | 8.26B | | -20.92% | 6.58B | | -31.99% | 4.44B | | -1.30% | 4.13B |
Other Air Freight & Logistics
|