DALIPAL HOLDINGS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.45 HKD | +3.42% |
|
+5.42% | +22.47% |
| Mar. 28 | Dalipal Holdings Limited Announces Resignation of Gan Shuya as Executive Director, Effective from 1 April 2024 | CI |
| Mar. 25 | Dalipal Holdings' Profit Slides 11% on Lower Revenue | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Capitalization 1 | 2,145 | 1,300 | 3,865 | 3,110 | 6,078 |
| Enterprise Value (EV) 1 | 3,538 | 2,807 | 5,782 | 4,594 | 7,420 |
| P/E ratio | 5.33 x | -11.2 x | 46.6 x | 20.8 x | 44.9 x |
| Yield | 6.25% | - | 0.95% | 1.7% | 0.9% |
| Capitalization / Revenue | 0.76 x | 0.58 x | 1.03 x | 0.74 x | 1.58 x |
| EV / Revenue | 1.25 x | 1.24 x | 1.54 x | 1.09 x | 1.93 x |
| EV / EBITDA | 6.37 x | 21.9 x | 16.8 x | 11.5 x | 20.8 x |
| EV / FCF | -6.77 x | 27.7 x | -13 x | 9.34 x | 52 x |
| FCF Yield | -14.8% | 3.61% | -7.7% | 10.7% | 1.92% |
| Price to Book | 1.42 x | 1.03 x | 2.87 x | 2.21 x | 4.16 x |
| Nbr of stocks (in thousands) | 1,500,000 | 1,500,000 | 1,501,200 | 1,498,468 | 1,502,668 |
| Reference price 2 | 1.430 | 0.8669 | 2.575 | 2.075 | 4.045 |
| Announcement Date | 4/20/20 | 4/26/21 | 4/26/22 | 4/24/23 | 4/29/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 3,095 | 2,826 | 2,259 | 3,763 | 4,228 | 3,850 |
| EBITDA 1 | 492.8 | 555.4 | 128.3 | 343.5 | 397.8 | 356.9 |
| EBIT 1 | 431 | 478.4 | 15.09 | 226 | 276 | 231.4 |
| Operating Margin | 13.93% | 16.93% | 0.67% | 6.01% | 6.53% | 6.01% |
| Earnings before Tax (EBT) 1 | 355.3 | 409.7 | -144.1 | 99.76 | 176.9 | 152.4 |
| Net income 1 | 301.2 | 333.7 | -116.4 | 82.94 | 151.6 | 134.5 |
| Net margin | 9.73% | 11.81% | -5.15% | 2.2% | 3.59% | 3.49% |
| EPS 2 | 0.2588 | 0.2682 | -0.0776 | 0.0553 | 0.1000 | 0.0900 |
| Free Cash Flow 1 | -228.4 | -522.4 | 101.2 | -445.3 | 491.9 | 142.7 |
| FCF margin | -7.38% | -18.49% | 4.48% | -11.83% | 11.64% | 3.71% |
| FCF Conversion (EBITDA) | - | - | 78.9% | - | 123.66% | 39.97% |
| FCF Conversion (Net income) | - | - | - | - | 324.53% | 106.04% |
| Dividend per Share | - | 0.0894 | - | 0.0244 | 0.0354 | 0.0363 |
| Announcement Date | 10/27/19 | 4/20/20 | 4/26/21 | 4/26/22 | 4/24/23 | 4/29/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 1,264 | 1,393 | 1,506 | 1,917 | 1,484 | 1,343 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.565 x | 2.508 x | 11.74 x | 5.58 x | 3.731 x | 3.762 x |
| Free Cash Flow 1 | -228 | -522 | 101 | -445 | 492 | 143 |
| ROE (net income / shareholders' equity) | 36.5% | 29.5% | -8.46% | 6.36% | 11% | 9.39% |
| ROA (Net income/ Total Assets) | 9.52% | 8.13% | 0.24% | 3.35% | 3.86% | 3.48% |
| Assets 1 | 3,164 | 4,107 | -48,956 | 2,478 | 3,927 | 3,868 |
| Book Value Per Share 2 | 0.6500 | 1.010 | 0.8400 | 0.9000 | 0.9400 | 0.9700 |
| Cash Flow per Share 2 | 0.3400 | 0.5400 | 0.2800 | 0.3700 | 0.3100 | 0.2900 |
| Capex 1 | 506 | 359 | 106 | 84.7 | 82.9 | 127 |
| Capex / Sales | 16.35% | 12.72% | 4.7% | 2.25% | 1.96% | 3.29% |
| Announcement Date | 10/27/19 | 4/20/20 | 4/26/21 | 4/26/22 | 4/24/23 | 4/29/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +22.47% | 1.05B | |
| +0.25% | 41.83B | |
| +16.38% | 24.26B | |
| -19.72% | 22.22B | |
| +14.46% | 21.35B | |
| -6.99% | 21.07B | |
| +2.48% | 19.56B | |
| +5.78% | 9.44B | |
| -21.85% | 8.55B | |
| -15.18% | 8.24B |
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