Financials Crystal International Group Limited

Equities

2232

KYG2701R1011

Apparel & Accessories

Market Closed - Hong Kong S.E. 04:08:05 2024-05-31 am EDT 5-day change 1st Jan Change
4.49 HKD +2.28% Intraday chart for Crystal International Group Limited +7.42% +54.83%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,176 875.8 958.8 887.7 1,059 1,639 - -
Enterprise Value (EV) 1 1,186 670.8 725.1 887.7 516.1 1,137 1,041 899.5
P/E ratio 7.73 x 8.1 x 5.88 x 5.14 x 6.48 x 8.6 x 7.67 x 6.88 x
Yield 3.91% 3.69% 5.23% - 6.2% 4.82% 6.03% 6.95%
Capitalization / Revenue 0.48 x 0.44 x 0.41 x 0.36 x 0.49 x 0.66 x 0.6 x 0.54 x
EV / Revenue 0.49 x 0.34 x 0.31 x 0.36 x 0.24 x 0.46 x 0.38 x 0.3 x
EV / EBITDA 4.14 x 2.79 x 2.62 x 2.81 x 1.77 x 3.63 x 2.99 x 2.36 x
EV / FCF 5.84 x 2.52 x 5.83 x - - 8.3 x 4.96 x 3.38 x
FCF Yield 17.1% 39.6% 17.2% - - 12.1% 20.2% 29.6%
Price to Book 1.08 x 0.75 x 0.74 x - - 1.07 x 0.99 x 0.91 x
Nbr of stocks (in thousands) 2,852,822 2,852,822 2,852,822 2,852,822 2,852,822 2,852,822 - -
Reference price 2 0.4121 0.3070 0.3361 0.3112 0.3714 0.5744 0.5744 0.5744
Announcement Date 3/19/20 3/18/21 3/16/22 3/23/23 3/21/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,428 1,985 2,341 2,491 2,177 2,471 2,731 3,019
EBITDA 1 286.7 240.6 276.6 315.7 291.9 313.3 348.1 380.7
EBIT 1 189.1 143.6 183.7 223.1 207.5 223.4 251.1 282.1
Operating Margin 7.79% 7.23% 7.85% 8.96% 9.53% 9.04% 9.19% 9.34%
Earnings before Tax (EBT) 1 174.3 123.1 191.8 212.7 195.1 227.9 255.5 285.6
Net income 1 151.9 108.1 163.1 172.7 163.5 189.4 209.9 231
Net margin 6.26% 5.44% 6.97% 6.93% 7.51% 7.66% 7.69% 7.65%
EPS 2 0.0533 0.0379 0.0572 0.0605 0.0573 0.0668 0.0749 0.0834
Free Cash Flow 1 203.2 265.9 124.5 - - 137 210 266
FCF margin 8.37% 13.39% 5.32% - - 5.54% 7.69% 8.81%
FCF Conversion (EBITDA) 70.88% 110.51% 44.99% - - 43.72% 60.32% 69.87%
FCF Conversion (Net income) 133.75% 245.99% 76.31% - - 72.35% 100.06% 115.13%
Dividend per Share 2 0.0161 0.0113 0.0176 - 0.0230 0.0277 0.0346 0.0399
Announcement Date 3/19/20 3/18/21 3/16/22 3/23/23 3/21/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2023 S1 2023 S2
Net sales 1 1,284 - 1,168
EBITDA 1 161.1 - 151.3
EBIT 1 110.8 - 110.3
Operating Margin 8.63% - 9.45%
Earnings before Tax (EBT) 1 104.1 - 104.8
Net income 1 91.84 73,642 89.84
Net margin 7.15% - 7.69%
EPS - 0.0258 -
Dividend per Share - - -
Announcement Date 3/19/20 8/23/23 3/21/24
1USD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 10.6 - - - - - - -
Net Cash position 1 - 205 234 - 543 502 597 739
Leverage (Debt/EBITDA) 0.037 x - - - - - - -
Free Cash Flow 1 203 266 124 - - 137 210 266
ROE (net income / shareholders' equity) 14.6% 10.6% 13.3% - 11.8% 12.8% 13.5% 14.1%
ROA (Net income/ Total Assets) 8.31% - - - 8.45% 9.54% 9.93% 10.1%
Assets 1 1,828 - - - 1,935 1,985 2,115 2,285
Book Value Per Share 2 0.3800 0.4100 0.4500 - - 0.5300 0.5800 0.6300
Cash Flow per Share 2 0.1100 0.1100 0.0700 - - 0.0800 0.0900 0.1000
Capex 1 110 58 65.4 - - 137 131 142
Capex / Sales 4.54% 2.92% 2.79% - - 5.56% 4.8% 4.69%
Announcement Date 3/19/20 3/18/21 3/16/22 3/23/23 3/21/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
0.5742 USD
Average target price
0.5818 USD
Spread / Average Target
+1.34%
Consensus

Annual profits - Rate of surprise

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