Financials Chervon Holdings Limited

Equities

Market Closed - Hong Kong S.E. Other stock markets 04:08:22 2024-05-10 am EDT			5-day change	1st Jan Change
27.3 ^HKD	+19.47%		+37.74%	+14.47%

May. 09	Chervon Logs High-Double-Digit Growth in April	MT
Apr. 25	Chervon Holdings Limited Recommends No Final Dividend for the Year Ended December 31, 2023	CI

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	3,561	2,702	1,561	1,786	-	-
Enterprise Value (EV) ¹	3,561	2,565	1,561	1,721	1,640	1,535
P/E ratio	24.6 x	19.7 x	-43.6 x	28.3 x	14.2 x	12.5 x
Yield	0.96%	1.3%	-	0.76%	1.33%	1.7%
Capitalization / Revenue	2.03 x	1.36 x	1.14 x	1.14 x	0.97 x	0.86 x
EV / Revenue	2.03 x	1.29 x	1.14 x	1.1 x	0.89 x	0.74 x
EV / EBITDA	16.3 x	11.4 x	174 x	14 x	8.12 x	6.82 x
EV / FCF	46.2 x	-52.2 x	-	26.1 x	-41 x	128 x
FCF Yield	2.16%	-1.92%	-	3.84%	-2.44%	0.78%
Price to Book	3.77 x	2.86 x	-	1.73 x	1.53 x	1.42 x
Nbr of stocks (in thousands)	479,431	490,219	511,054	511,054	-	-
Reference price ²	7.427	5.513	3.054	3.494	3.494	3.494
Announcement Date	3/30/22	3/28/23	3/27/24	-	-	-

¹USD in Million²USD

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	1,758	1,989	1,375	1,563	1,847	2,071
EBITDA ¹	-	218.2	225.1	8.956	122.8	202.1	225.2
EBIT ¹	-	188.3	189.1	-27.22	78.67	136.6	171.5
Operating Margin	-	10.71%	9.51%	-1.98%	5.03%	7.39%	8.28%
Earnings before Tax (EBT) ¹	-	176.1	161.4	-48.86	67.93	151	168.8
Net income ¹	44.36	144.5	139.4	-37.14	62.62	126.3	140.1
Net margin	-	8.22%	7.01%	-2.7%	4.01%	6.84%	6.76%
EPS ²	0.1100	0.3015	0.2800	-0.0700	0.1234	0.2468	0.2785
Free Cash Flow ¹	-	77.05	-49.12	-	66	-40	12
FCF margin	-	4.38%	-2.47%	-	4.22%	-2.17%	0.58%
FCF Conversion (EBITDA)	-	35.31%	-	-	53.76%	-	5.33%
FCF Conversion (Net income)	-	53.3%	-	-	105.39%	-	8.57%
Dividend per Share ²	-	0.0715	0.0718	-	0.0267	0.0465	0.0593
Announcement Date	12/17/21	3/30/22	3/28/23	3/27/24	-	-	-

¹USD in Million²USD

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-
Net Cash position ¹	-	-	137	-	64.8	145	250
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow ¹	-	77	-49.1	-	66	-40	12
ROE (net income / shareholders' equity)	-	27.4%	16%	-	6.8%	10.9%	11.3%
ROA (Net income/ Total Assets)	-	9.18%	7.11%	-	2.45%	6.33%	6.2%
Assets ¹	-	1,574	1,959	-	2,556	1,994	2,260
Book Value Per Share ²	-	1.970	1.930	-	2.020	2.290	2.460
Cash Flow per Share ²	-	0.3900	0.0500	-	0.1100	0.2200	0.3200
Capex ¹	-	81.2	72.2	-	81.3	84.5	97.5
Capex / Sales	-	4.62%	3.63%	-	5.2%	4.57%	4.71%
Announcement Date	12/17/21	3/30/22	3/28/23	3/27/24	-	-	-

¹USD in Million²USD

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

3.494 USD

Average target price

3.279 USD

Spread / Average Target

-6.15%

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