Financials Changhong Jiahua Holdings Limited

Equities

3991

BMG2042K1045

Household Electronics

Market Closed - Hong Kong S.E. 02:17:40 2024-05-23 am EDT 5-day change 1st Jan Change
0.49 HKD +1.03% Intraday chart for Changhong Jiahua Holdings Limited -2.00% +13.95%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,645 1,876 2,056 1,774 1,542 1,105
Enterprise Value (EV) 1 1,909 1,783 3,466 2,188 3,713 1,696
P/E ratio 6.09 x 6.49 x 5.95 x 4.29 x 4.22 x 3.07 x
Yield 4.69% 5.48% 6.25% 7.25% 8.33% 11.6%
Capitalization / Revenue 0.07 x 0.06 x 0.05 x 0.04 x 0.04 x 0.03 x
EV / Revenue 0.09 x 0.06 x 0.09 x 0.05 x 0.1 x 0.05 x
EV / EBITDA 5.05 x 4 x 7 x 3.53 x 6.26 x 2.98 x
EV / FCF -10.6 x 4.36 x -2.05 x 2.39 x -2.54 x 1.03 x
FCF Yield -9.42% 23% -48.9% 41.8% -39.4% 96.9%
Price to Book 0.95 x 0.99 x 0.89 x 0.66 x 0.59 x 0.39 x
Nbr of stocks (in thousands) 2,570,520 2,570,520 2,570,520 2,570,520 2,570,520 2,570,520
Reference price 2 0.6400 0.7300 0.8000 0.6900 0.6000 0.4300
Announcement Date 3/28/19 4/9/20 4/20/21 4/22/22 4/21/23 4/19/24
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 22,098 30,000 40,381 44,558 38,339 37,171
EBITDA 1 378 445.4 494.9 618.9 592.7 569.9
EBIT 1 374.1 441.3 491 616.8 590.8 568.2
Operating Margin 1.69% 1.47% 1.22% 1.38% 1.54% 1.53%
Earnings before Tax (EBT) 1 358.2 402 415.5 506.2 441.4 428.6
Net income 1 270.2 289.2 345.4 413.2 365.8 360.5
Net margin 1.22% 0.96% 0.86% 0.93% 0.95% 0.97%
EPS 2 0.1051 0.1125 0.1344 0.1608 0.1423 0.1403
Free Cash Flow 1 -179.7 409.2 -1,693 915 -1,464 1,643
FCF margin -0.81% 1.36% -4.19% 2.05% -3.82% 4.42%
FCF Conversion (EBITDA) - 91.86% - 147.84% - 288.3%
FCF Conversion (Net income) - 141.5% - 221.42% - 455.73%
Dividend per Share 2 0.0300 0.0400 0.0500 0.0500 0.0500 0.0500
Announcement Date 3/28/19 4/9/20 4/20/21 4/22/22 4/21/23 4/19/24
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 264 - 1,409 414 2,171 591
Net Cash position 1 - 93.8 - - - -
Leverage (Debt/EBITDA) 0.6973 x - 2.848 x 0.6688 x 3.662 x 1.037 x
Free Cash Flow 1 -180 409 -1,693 915 -1,464 1,643
ROE (net income / shareholders' equity) 16% 15.9% 16.4% 16.6% 13.8% 13.2%
ROA (Net income/ Total Assets) 4.35% 4.14% 3.36% 3.29% 2.6% 2.13%
Assets 1 6,208 6,988 10,265 12,558 14,080 16,935
Book Value Per Share 2 0.6700 0.7400 0.9000 1.040 1.020 1.090
Cash Flow per Share 2 0.1300 0.2800 0.1400 0.2800 0.1400 0.4200
Capex 1 1.29 4.37 0.86 1.83 0.81 0.78
Capex / Sales 0.01% 0.01% 0% 0% 0% 0%
Announcement Date 3/28/19 4/9/20 4/20/21 4/22/22 4/21/23 4/19/24
1HKD in Million2HKD
Estimates
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