Financials Hong Leong Asia Ltd.

Equities

H22

SG1F76860344

Auto, Truck & Motorcycle Parts

Market Closed - Singapore S.E. 04:35:02 2024-04-26 am EDT 5-day change 1st Jan Change
0.605 SGD 0.00% Intraday chart for Hong Leong Asia Ltd. +0.83% -0.82%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 501 572.1 632 497.4 456.3 452.5 - -
Enterprise Value (EV) 1 501 572.1 313.8 497.4 456.3 452.5 452.5 452.5
P/E ratio 14.5 x 12.2 x 10.5 x 9.12 x 7.04 x 6.05 x 5.5 x 5.5 x
Yield - - 2.37% 3.01% 3.28% 4.13% 4.46% 4.63%
Capitalization / Revenue 0.12 x - 0.13 x 0.13 x 0.11 x 0.1 x 0.1 x 0.09 x
EV / Revenue 0.12 x - 0.13 x 0.13 x 0.11 x 0.1 x 0.1 x 0.09 x
EV / EBITDA - - 2.71 x 2.24 x 1.86 x 1.66 x 1.52 x 1.4 x
EV / FCF - - -119 x - 1.74 x 1.89 x 1.55 x 2.34 x
FCF Yield - - -0.84% - 57.3% 52.8% 64.7% 42.7%
Price to Book - - 0.66 x 0.55 x 0.49 x 0.46 x 0.44 x 0.41 x
Nbr of stocks (in thousands) 747,817 747,817 747,906 747,945 747,978 747,978 - -
Reference price 2 0.6700 0.7650 0.8450 0.6650 0.6100 0.6050 0.6050 0.6050
Announcement Date 3/31/20 2/25/21 2/25/22 2/24/23 2/28/24 - - -
1SGD in Million2SGD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 4,104 - 4,933 3,881 4,081 4,448 4,686 4,879
EBITDA 1 - - 233 222.4 245.5 272.4 298.6 323
EBIT 1 - - 87.52 69.17 94.2 139 158 177
Operating Margin - - 1.77% 1.78% 2.31% 3.12% 3.37% 3.63%
Earnings before Tax (EBT) 1 - - 132.5 123.7 166.4 190 210 226
Net income 1 - 46.74 60.12 54.54 64.88 75 80 83
Net margin - - 1.22% 1.41% 1.59% 1.69% 1.71% 1.7%
EPS 2 0.0461 0.0625 0.0804 0.0729 0.0867 0.1000 0.1100 0.1100
Free Cash Flow 1 - - -5.323 - 261.6 239.1 292.6 193.2
FCF margin - - -0.11% - 6.41% 5.38% 6.24% 3.96%
FCF Conversion (EBITDA) - - - - 106.54% 87.78% 97.99% 59.81%
FCF Conversion (Net income) - - - - 403.16% 318.8% 365.75% 232.77%
Dividend per Share 2 - - 0.0200 0.0200 0.0200 0.0250 0.0270 0.0280
Announcement Date 3/31/20 2/25/21 2/25/22 2/24/23 2/28/24 - - -
1SGD in Million2SGD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - 318 - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - -5.32 - 262 239 293 193
ROE (net income / shareholders' equity) - - 6.55% 5.87% 7.11% 7.89% 7.89% 7.77%
ROA (Net income/ Total Assets) - - 1.01% 0.97% 1.2% 3.26% 3.26% 3.33%
Assets 1 - - 5,925 5,634 5,406 2,301 2,454 2,492
Book Value Per Share 2 - - 1.280 1.210 1.230 1.310 1.390 1.470
Cash Flow per Share - - 0.1700 0.0500 - - - -
Capex 1 - - 136 150 100 80 80 80
Capex / Sales - - 2.76% 3.86% 2.46% 1.8% 1.71% 1.64%
Announcement Date 3/31/20 2/25/21 2/25/22 2/24/23 2/28/24 - - -
1SGD in Million2SGD
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
1
Last Close Price
0.605 SGD
Average target price
1 SGD
Spread / Average Target
+65.29%
Consensus

Annual profits - Rate of surprise

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