Financials Hong Kong Economic Times Holdings Limited

Equities

423

KYG4587A1031

Consumer Publishing

Delayed Hong Kong S.E. 01:07:55 2024-05-02 am EDT 5-day change 1st Jan Change
0.9 HKD -1.10% Intraday chart for Hong Kong Economic Times Holdings Limited +1.12% +11.11%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 617.2 720.8 466.1 448.9 496.3 500.7
Enterprise Value (EV) 1 306.4 391.1 77.59 -18.57 22.86 30.85
P/E ratio 8.66 x 10.1 x 44.1 x 14.5 x 15 x 18.2 x
Yield 5.59% 5.09% 6.48% 7.69% 8.26% 8.62%
Capitalization / Revenue 0.52 x 0.56 x 0.41 x 0.45 x 0.48 x 0.49 x
EV / Revenue 0.26 x 0.31 x 0.07 x -0.02 x 0.02 x 0.03 x
EV / EBITDA 2.13 x 2.74 x 1.07 x -0.25 x 0.28 x 1 x
EV / FCF 4.57 x 7.77 x 0.57 x -0.35 x 0.58 x 1.43 x
FCF Yield 21.9% 12.9% 175% -289% 172% 70%
Price to Book 0.7 x 0.79 x 0.52 x 0.5 x 0.56 x 0.57 x
Nbr of stocks (in thousands) 431,600 431,600 431,600 431,600 431,600 431,600
Reference price 2 1.430 1.670 1.080 1.040 1.150 1.160
Announcement Date 7/6/18 7/4/19 7/3/20 7/2/21 7/8/22 7/6/23
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 1,190 1,281 1,132 999.9 1,044 1,023
EBITDA 1 143.6 142.5 72.53 73.41 80.83 30.89
EBIT 1 88.01 88.99 20.32 28.12 51.36 1.231
Operating Margin 7.4% 6.95% 1.8% 2.81% 4.92% 0.12%
Earnings before Tax (EBT) 1 90.17 91.78 23.67 27.55 52.48 40.17
Net income 1 71.26 71.52 10.57 30.92 33.02 27.46
Net margin 5.99% 5.58% 0.93% 3.09% 3.16% 2.68%
EPS 2 0.1651 0.1657 0.0245 0.0716 0.0765 0.0636
Free Cash Flow 1 67.11 50.36 135.9 53.71 39.37 21.6
FCF margin 5.64% 3.93% 12.01% 5.37% 3.77% 2.11%
FCF Conversion (EBITDA) 46.73% 35.33% 187.39% 73.16% 48.71% 69.94%
FCF Conversion (Net income) 94.18% 70.41% 1,285.42% 173.72% 119.25% 78.68%
Dividend per Share 2 0.0800 0.0850 0.0700 0.0800 0.0950 0.1000
Announcement Date 7/6/18 7/4/19 7/3/20 7/2/21 7/8/22 7/6/23
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 311 330 389 467 473 470
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 67.1 50.4 136 53.7 39.4 21.6
ROE (net income / shareholders' equity) 8.42% 8.08% 1.36% 3.63% 3.79% 3.19%
ROA (Net income/ Total Assets) 4.58% 4.43% 1.02% 1.46% 2.68% 0.06%
Assets 1 1,555 1,616 1,032 2,119 1,231 42,769
Book Value Per Share 2 2.040 2.110 2.060 2.070 2.050 2.020
Cash Flow per Share 2 0.4000 0.4200 0.5100 0.5300 0.8400 0.5000
Capex 1 24.5 23 22.5 20.2 53.4 26
Capex / Sales 2.06% 1.79% 1.99% 2.02% 5.12% 2.54%
Announcement Date 7/6/18 7/4/19 7/3/20 7/2/21 7/8/22 7/6/23
1HKD in Million2HKD
Estimates
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