Delayed
Hong Kong S.E.
11:56:37 2024-06-04 pm EDT
|
5-day change
|
1st Jan Change
|
5.67
HKD
|
-1.56%
|
|
+0.89%
|
+32.17%
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
13,193
|
9,335
|
10,080
|
14,005
|
10,463
|
9,402
|
-
|
-
|
Enterprise Value (EV)
1 |
24,151
|
21,084
|
10,080
|
29,846
|
27,106
|
26,131
|
26,636
|
26,404
|
P/E ratio
|
9.64
x
|
5.7
x
|
6.12
x
|
7.4
x
|
5.62
x
|
5.05
x
|
4.61
x
|
4.2
x
|
Yield
|
3.41%
|
5.15%
|
4.87%
|
3.96%
|
5.3%
|
5.64%
|
6.51%
|
7.12%
|
Capitalization / Revenue
|
1.59
x
|
1.07
x
|
0.97
x
|
1.08
x
|
0.74
x
|
0.64
x
|
0.59
x
|
0.56
x
|
EV / Revenue
|
2.91
x
|
2.43
x
|
0.97
x
|
2.3
x
|
1.91
x
|
1.77
x
|
1.68
x
|
1.56
x
|
EV / EBITDA
|
6.89
x
|
5
x
|
2.15
x
|
5.67
x
|
4.78
x
|
4.56
x
|
4.25
x
|
3.91
x
|
EV / FCF
|
30,438,973
x
|
6,684,438
x
|
4,826,006
x
|
8,767,659
x
|
8,618,669
x
|
-
|
-
|
-
|
FCF Yield
|
0%
|
0%
|
0%
|
0%
|
0%
|
-
|
-
|
-
|
Price to Book
|
1.66
x
|
1.1
x
|
0.96
x
|
1.07
x
|
0.81
x
|
0.64
x
|
0.57
x
|
0.52
x
|
Nbr of stocks (in thousands)
|
1,608,901
|
1,604,029
|
1,584,903
|
1,632,322
|
1,632,322
|
1,632,322
|
-
|
-
|
Reference price
2 |
8.200
|
5.820
|
6.360
|
8.580
|
6.410
|
5.760
|
5.760
|
5.760
|
Announcement Date
|
6/27/19
|
6/29/20
|
6/29/21
|
6/28/22
|
6/27/23
|
-
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
8,302
|
8,694
|
10,346
|
12,950
|
14,195
|
14,754
|
15,894
|
16,894
|
EBITDA
1 |
3,507
|
4,214
|
4,680
|
5,266
|
5,675
|
5,727
|
6,264
|
6,748
|
EBIT
1 |
3,022
|
3,181
|
3,687
|
4,149
|
4,490
|
4,496
|
4,952
|
5,342
|
Operating Margin
|
36.4%
|
36.59%
|
35.64%
|
32.04%
|
31.63%
|
30.47%
|
31.16%
|
31.62%
|
Earnings before Tax (EBT)
1 |
2,772
|
3,165
|
3,530
|
3,916
|
4,019
|
4,004
|
4,408
|
4,818
|
Net income
1 |
1,369
|
1,639
|
1,692
|
1,894
|
1,857
|
1,859
|
2,044
|
2,238
|
Net margin
|
16.49%
|
18.86%
|
16.36%
|
14.62%
|
13.08%
|
12.6%
|
12.86%
|
13.24%
|
EPS
2 |
0.8510
|
1.021
|
1.040
|
1.160
|
1.140
|
1.140
|
1.250
|
1.370
|
Free Cash Flow
|
793.4
|
3,154
|
2,089
|
3,404
|
3,145
|
-
|
-
|
-
|
FCF margin
|
9.56%
|
36.28%
|
20.19%
|
26.29%
|
22.16%
|
-
|
-
|
-
|
FCF Conversion (EBITDA)
|
22.63%
|
74.86%
|
44.63%
|
64.65%
|
55.42%
|
-
|
-
|
-
|
FCF Conversion (Net income)
|
57.95%
|
192.39%
|
123.41%
|
179.77%
|
169.38%
|
-
|
-
|
-
|
Dividend per Share
2 |
0.2800
|
0.3000
|
0.3100
|
0.3400
|
0.3400
|
0.3250
|
0.3750
|
0.4100
|
Announcement Date
|
6/27/19
|
6/29/20
|
6/29/21
|
6/28/22
|
6/27/23
|
-
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
10,958
|
11,748
|
-
|
15,841
|
16,643
|
16,729
|
17,234
|
17,002
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
3.125
x
|
2.788
x
|
-
|
3.008
x
|
2.933
x
|
2.921
x
|
2.751
x
|
2.52
x
|
Free Cash Flow
|
793
|
3,154
|
2,089
|
3,404
|
3,145
|
-
|
-
|
-
|
ROE (net income / shareholders' equity)
|
18.1%
|
19.9%
|
17.8%
|
16.1%
|
14.3%
|
13.4%
|
13.1%
|
13%
|
ROA (Net income/ Total Assets)
|
4.25%
|
4.22%
|
3.81%
|
3.64%
|
3.14%
|
3%
|
2.9%
|
3%
|
Assets
1 |
32,207
|
38,864
|
44,471
|
52,051
|
59,114
|
61,967
|
70,466
|
74,583
|
Book Value Per Share
2 |
4.950
|
5.300
|
6.600
|
8.020
|
7.960
|
9.060
|
10.20
|
11.10
|
Cash Flow per Share
2 |
-
|
-
|
-
|
2.240
|
2.120
|
-1.030
|
-0.0300
|
0.2500
|
Capex
1 |
225
|
259
|
565
|
256
|
321
|
153
|
145
|
138
|
Capex / Sales
|
2.71%
|
2.98%
|
5.46%
|
1.98%
|
2.26%
|
1.04%
|
0.91%
|
0.82%
|
Announcement Date
|
6/27/19
|
6/29/20
|
6/29/21
|
6/28/22
|
6/27/23
|
-
|
-
|
-
|
Last Close Price
5.76
HKD Average target price
6.9
HKD Spread / Average Target +19.79% Consensus |
1st Jan change
|
Capi.
|
---|
| +34.27% | 1.21B | | +0.63% | 25.48B | | -20.25% | 3.77B | | +54.60% | 3.42B | | -.--% | 2.08B | | -16.13% | 1.75B | | -4.58% | 1.57B | | -0.44% | 1.46B | | +40.05% | 1.35B | | -8.51% | 1.18B |
Water Supply & Irrigation Systems
|