Delayed
Hong Kong S.E.
11:58:50 2024-05-07 pm EDT
|
5-day change
|
1st Jan Change
|
20.7
HKD
|
-4.39%
|
|
+0.24%
|
+43.35%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
26,571
|
27,522
|
26,093
|
37,147
|
29,599
|
45,344
|
-
|
-
|
Enterprise Value (EV)
1 |
24,407
|
25,706
|
24,161
|
35,901
|
29,599
|
38,611
|
35,657
|
32,185
|
P/E ratio
|
37.9
x
|
84.2
x
|
36.8
x
|
-237
x
|
19.3
x
|
22.5
x
|
17.9
x
|
14.7
x
|
Yield
|
-
|
-
|
-
|
-
|
-
|
0.38%
|
0.34%
|
0.33%
|
Capitalization / Revenue
|
3.59
x
|
4.64
x
|
3.46
x
|
5.64
x
|
2.49
x
|
2.6
x
|
2.21
x
|
1.86
x
|
EV / Revenue
|
3.3
x
|
4.33
x
|
3.21
x
|
5.45
x
|
2.49
x
|
2.22
x
|
1.73
x
|
1.32
x
|
EV / EBITDA
|
12.1
x
|
18.8
x
|
12.7
x
|
25
x
|
9.47
x
|
10.7
x
|
8.08
x
|
6.39
x
|
EV / FCF
|
17.5
x
|
-838
x
|
17.7
x
|
-169
x
|
-
|
12.2
x
|
10.7
x
|
8.77
x
|
FCF Yield
|
5.72%
|
-0.12%
|
5.66%
|
-0.59%
|
-
|
8.17%
|
9.32%
|
11.4%
|
Price to Book
|
1.96
x
|
1.93
x
|
1.7
x
|
2.36
x
|
-
|
2.27
x
|
1.99
x
|
1.77
x
|
Nbr of stocks (in thousands)
|
2,126,789
|
2,179,982
|
2,217,693
|
2,239,657
|
2,255,192
|
2,269,905
|
-
|
-
|
Reference price
2 |
12.49
|
12.62
|
11.77
|
16.59
|
13.12
|
19.98
|
19.98
|
19.98
|
Announcement Date
|
3/25/20
|
3/23/21
|
3/22/22
|
3/21/23
|
3/19/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
7,393
|
5,933
|
7,538
|
6,585
|
11,896
|
17,418
|
20,557
|
24,342
|
EBITDA
1 |
2,019
|
1,366
|
1,896
|
1,437
|
3,124
|
3,598
|
4,412
|
5,035
|
EBIT
1 |
1,063
|
381.9
|
895.3
|
-24.19
|
1,869
|
2,380
|
3,036
|
3,746
|
Operating Margin
|
14.38%
|
6.44%
|
11.88%
|
-0.37%
|
15.71%
|
13.66%
|
14.77%
|
15.39%
|
Earnings before Tax (EBT)
1 |
881.5
|
397.6
|
874.9
|
-117.1
|
1,854
|
2,462
|
2,973
|
3,724
|
Net income
1 |
688.1
|
327.6
|
723.4
|
-146
|
1,554
|
2,016
|
2,461
|
3,245
|
Net margin
|
9.31%
|
5.52%
|
9.6%
|
-2.22%
|
13.06%
|
11.58%
|
11.97%
|
13.33%
|
EPS
2 |
0.3300
|
0.1500
|
0.3200
|
-0.0700
|
0.6800
|
0.8876
|
1.115
|
1.358
|
Free Cash Flow
1 |
1,395
|
-30.68
|
1,368
|
-213
|
-
|
3,156
|
3,322
|
3,671
|
FCF margin
|
18.87%
|
-0.52%
|
18.15%
|
-3.23%
|
-
|
18.12%
|
16.16%
|
15.08%
|
FCF Conversion (EBITDA)
|
69.12%
|
-
|
72.18%
|
-
|
-
|
87.7%
|
75.31%
|
72.9%
|
FCF Conversion (Net income)
|
202.78%
|
-
|
189.13%
|
-
|
-
|
156.49%
|
134.99%
|
113.13%
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
0.0764
|
0.0672
|
0.0656
|
Announcement Date
|
3/25/20
|
3/23/21
|
3/22/22
|
3/21/23
|
3/19/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2021 Q3
|
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
---|
Net sales
1 |
4,019
|
1,939
|
1,846
|
1,718
|
1,319
|
2,048
|
1,500
|
2,586
|
2,866
|
3,299
|
3,145
|
3,748
|
4,230
|
5,224
|
4,456
|
EBITDA
1 |
-
|
526.3
|
421.8
|
438.4
|
292.2
|
462.2
|
244.3
|
732.2
|
805.8
|
870
|
715.9
|
833.8
|
978.2
|
1,362
|
918.3
|
EBIT
1 |
914.5
|
343.8
|
65.01
|
137.8
|
-128.5
|
-39.05
|
5.488
|
465.4
|
417.1
|
598.9
|
387.9
|
521.2
|
663.2
|
1,039
|
654.1
|
Operating Margin
|
22.76%
|
17.73%
|
3.52%
|
8.02%
|
-9.74%
|
-1.91%
|
0.37%
|
18%
|
14.55%
|
18.15%
|
12.34%
|
13.91%
|
15.68%
|
19.88%
|
14.68%
|
Earnings before Tax (EBT)
1 |
-
|
281.8
|
60.57
|
142.2
|
-162
|
-64.71
|
-32.58
|
444.1
|
426.6
|
597.9
|
385.2
|
455.9
|
589.7
|
928.9
|
482.3
|
Net income
1 |
392.5
|
231.3
|
31.23
|
101.1
|
-132.1
|
-90.39
|
-24.63
|
377.9
|
355.9
|
510.2
|
310.1
|
375.4
|
484.9
|
755.6
|
393.8
|
Net margin
|
9.77%
|
11.92%
|
1.69%
|
5.89%
|
-10.02%
|
-4.41%
|
-1.64%
|
14.61%
|
12.42%
|
15.46%
|
9.86%
|
10.02%
|
11.46%
|
14.46%
|
8.84%
|
EPS
2 |
-
|
-
|
-
|
-0.0100
|
-0.0600
|
-
|
-
|
-
|
0.1600
|
-
|
-
|
0.1519
|
0.2176
|
0.3260
|
0.1406
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
0.1722
|
Announcement Date
|
3/25/20
|
11/22/21
|
3/22/22
|
5/19/22
|
8/22/22
|
11/22/22
|
3/21/23
|
5/24/23
|
8/22/23
|
11/21/23
|
3/19/24
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
2,164
|
1,816
|
1,932
|
1,246
|
-
|
6,732
|
9,687
|
13,159
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
1,395
|
-30.7
|
1,368
|
-213
|
-
|
3,156
|
3,322
|
3,671
|
ROE (net income / shareholders' equity)
|
5.57%
|
2.41%
|
4.95%
|
-0.94%
|
-
|
12.6%
|
13.8%
|
14.5%
|
ROA (Net income/ Total Assets)
|
3.79%
|
1.7%
|
3.56%
|
-0.63%
|
-
|
6.44%
|
7.34%
|
7.82%
|
Assets
1 |
18,137
|
19,299
|
20,310
|
23,287
|
-
|
31,287
|
33,537
|
41,498
|
Book Value Per Share
2 |
6.390
|
6.560
|
6.910
|
7.020
|
-
|
8.810
|
10.00
|
11.30
|
Cash Flow per Share
2 |
0.8000
|
0.0600
|
0.8200
|
0.1400
|
-
|
1.430
|
1.920
|
1.970
|
Capex
1 |
301
|
160
|
310
|
515
|
-
|
530
|
581
|
310
|
Capex / Sales
|
4.07%
|
2.7%
|
4.11%
|
7.83%
|
-
|
3.04%
|
2.83%
|
1.27%
|
Announcement Date
|
3/25/20
|
3/23/21
|
3/22/22
|
3/21/23
|
3/19/24
|
-
|
-
|
-
|
Last Close Price
19.98
CNY Average target price
21.65
CNY Spread / Average Target +8.36% Consensus |
1st Jan change
|
Capi.
|
---|
| +43.35% | 6.35B | | +1.64% | 122B | | +46.35% | 34.84B | | -25.61% | 15.37B | | +52.85% | 8.04B | | +18.35% | 3.55B | | +3.05% | 2.92B | | +13.76% | 2.11B | | +3.70% | 2.02B | | -19.27% | 1.44B |
Travel Agents
|