Financials Sun Hing Vision Group Holdings Limited

Equities

125

BMG8572F1005

Medical Equipment, Supplies & Distribution

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
0.66 HKD 0.00% Intraday chart for Sun Hing Vision Group Holdings Limited +1.54% -18.52%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 846.1 756.8 480.9 367.9 275.9 273.3
Enterprise Value (EV) 1 451.1 440.1 242.3 112 8.033 -9.82
P/E ratio 13.2 x 10.5 x -2.9 x 38.3 x 30.4 x -8.94 x
Yield 4.5% 5.03% - - - -
Capitalization / Revenue 0.84 x 0.62 x 0.53 x 0.52 x 0.31 x 0.39 x
EV / Revenue 0.45 x 0.36 x 0.27 x 0.16 x 0.01 x -0.01 x
EV / EBITDA 3.9 x 3.5 x 9.43 x 6.04 x 0.28 x 9.55 x
EV / FCF 19.3 x 8.12 x 19.1 x 9.22 x 0.55 x -0.36 x
FCF Yield 5.17% 12.3% 5.24% 10.8% 182% -274%
Price to Book 0.9 x 0.79 x 0.64 x 0.48 x 0.35 x 0.38 x
Nbr of stocks (in thousands) 262,778 262,778 262,778 262,778 262,778 262,778
Reference price 2 3.220 2.880 1.830 1.400 1.050 1.040
Announcement Date 7/20/18 7/15/19 7/14/20 7/20/21 7/19/22 7/24/23
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 1,002 1,224 912.8 701.7 876.7 704.9
EBITDA 1 115.7 125.7 25.7 18.54 28.22 -1.028
EBIT 1 65.56 69.36 -32.18 -3.74 4.83 -23.69
Operating Margin 6.55% 5.67% -3.53% -0.53% 0.55% -3.36%
Earnings before Tax (EBT) 1 74.71 84.75 -165.7 2.665 9.251 -34.35
Net income 1 64.06 72.12 -165.9 9.608 9.091 -30.56
Net margin 6.39% 5.89% -18.18% 1.37% 1.04% -4.33%
EPS 2 0.2438 0.2745 -0.6314 0.0366 0.0346 -0.1163
Free Cash Flow 1 23.33 54.17 12.69 12.15 14.6 26.93
FCF margin 2.33% 4.43% 1.39% 1.73% 1.66% 3.82%
FCF Conversion (EBITDA) 20.17% 43.11% 49.37% 65.53% 51.73% -
FCF Conversion (Net income) 36.42% 75.11% - 126.45% 160.56% -
Dividend per Share 2 0.1450 0.1450 - - - -
Announcement Date 7/20/18 7/15/19 7/14/20 7/20/21 7/19/22 7/24/23
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 395 317 239 256 268 283
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 23.3 54.2 12.7 12.1 14.6 26.9
ROE (net income / shareholders' equity) 6.87% 7.67% -19.4% 1.25% 1.12% -4.06%
ROA (Net income/ Total Assets) 3.66% 3.7% -1.79% -0.22% 0.29% -1.49%
Assets 1 1,749 1,947 9,264 -4,318 3,174 2,049
Book Value Per Share 2 3.570 3.630 2.870 2.930 2.970 2.750
Cash Flow per Share 2 1.490 1.370 1.180 1.210 1.230 1.250
Capex 1 54.1 62 54.5 24.8 16.7 9.31
Capex / Sales 5.4% 5.07% 5.98% 3.53% 1.9% 1.32%
Announcement Date 7/20/18 7/15/19 7/14/20 7/20/21 7/19/22 7/24/23
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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