Financials Asia Commercial Holdings Limited

Equities

104

BMG0532V2009

Apparel & Accessories Retailers

Market Closed - Hong Kong S.E. 04:08:06 2024-04-30 am EDT 5-day change 1st Jan Change
0.32 HKD -.--% Intraday chart for Asia Commercial Holdings Limited -.--% +1.59%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 556.2 448.3 306.3 184.5 156.9 154.7
Enterprise Value (EV) 1 471.4 467.1 561.3 289.1 181.4 189.8
P/E ratio 8.84 x 6.65 x -2.1 x 3.15 x 1.87 x 3.54 x
Yield 3.61% 4.27% - - 51% 22.7%
Capitalization / Revenue 0.56 x 0.48 x 0.38 x 0.16 x 0.2 x 0.22 x
EV / Revenue 0.48 x 0.5 x 0.7 x 0.25 x 0.23 x 0.27 x
EV / EBITDA 11.5 x 5.17 x 44.5 x 3.14 x 1.72 x 1.58 x
EV / FCF 3.5 x 44.9 x 14.7 x 2.39 x 1.16 x 2.5 x
FCF Yield 28.6% 2.23% 6.81% 41.9% 86.3% 39.9%
Price to Book 1.11 x 0.86 x 0.89 x 0.45 x 0.33 x 0.34 x
Nbr of stocks (in thousands) 783,433 747,123 747,123 747,123 747,123 747,123
Reference price 2 0.7100 0.6000 0.4100 0.2470 0.2100 0.2070
Announcement Date 7/27/18 7/29/19 7/28/20 7/27/21 7/28/22 7/20/23
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 991.4 934.5 800.1 1,165 784.8 710.6
EBITDA 1 41.11 90.43 12.6 92.14 105.3 120.5
EBIT 1 38.08 86.94 4.917 84.66 101.6 116.2
Operating Margin 3.84% 9.3% 0.61% 7.27% 12.95% 16.36%
Earnings before Tax (EBT) 1 53 87.33 -142.3 91.47 127.8 87.21
Net income 1 62.94 70.46 -146.2 58.54 83.82 43.65
Net margin 6.35% 7.54% -18.27% 5.03% 10.68% 6.14%
EPS 2 0.0803 0.0903 -0.1956 0.0784 0.1122 0.0584
Free Cash Flow 1 134.7 10.4 38.21 121 156.5 75.76
FCF margin 13.59% 1.11% 4.78% 10.39% 19.94% 10.66%
FCF Conversion (EBITDA) 327.6% 11.5% 303.25% 131.32% 148.6% 62.88%
FCF Conversion (Net income) 214% 14.76% - 206.68% 186.72% 173.54%
Dividend per Share 2 0.0256 0.0256 - - 0.1072 0.0469
Announcement Date 7/27/18 7/29/19 7/28/20 7/27/21 7/28/22 7/20/23
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - 18.8 255 105 24.5 35.1
Net Cash position 1 84.8 - - - - -
Leverage (Debt/EBITDA) - 0.2079 x 20.24 x 1.135 x 0.233 x 0.2914 x
Free Cash Flow 1 135 10.4 38.2 121 157 75.8
ROE (net income / shareholders' equity) 13.5% 13.7% -34.4% 14.9% 19% 9.4%
ROA (Net income/ Total Assets) 3.54% 7.38% 0.38% 6.53% 7.54% 8.59%
Assets 1 1,778 955 -38,609 897.1 1,112 508.1
Book Value Per Share 2 0.6400 0.7000 0.4600 0.5500 0.6300 0.6200
Cash Flow per Share 2 0.0900 0.0900 0.0900 0.1700 0.2800 0.2600
Capex 1 2.72 8.09 14.1 3.3 3.66 11.9
Capex / Sales 0.27% 0.87% 1.76% 0.28% 0.47% 1.67%
Announcement Date 7/27/18 7/29/19 7/28/20 7/27/21 7/28/22 7/20/23
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

  1. Stock Market
  2. Equities
  3. 104 Stock
  4. Financials Asia Commercial Holdings Limited