Delayed
Hong Kong S.E.
07:23:43 29/04/2024 BST
|
5-day change
|
1st Jan Change
|
18.92
HKD
|
+5.94%
|
|
+8.99%
|
+4.88%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
285,089
|
259,475
|
202,461
|
140,675
|
111,321
|
112,052
|
-
|
-
|
Enterprise Value (EV)
1 |
241,399
|
207,751
|
144,780
|
104,889
|
65,883
|
70,966
|
76,752
|
78,104
|
P/E ratio
|
7.99
x
|
6.16
x
|
5.05
x
|
8.06
x
|
8.32
x
|
8.68
x
|
7.44
x
|
8.03
x
|
Yield
|
3.94%
|
5.19%
|
7.5%
|
-
|
5.85%
|
6.09%
|
6.51%
|
6.09%
|
Capitalization / Revenue
|
1.82
x
|
1.47
x
|
1.21
x
|
1.07
x
|
0.79
x
|
0.81
x
|
0.8
x
|
0.79
x
|
EV / Revenue
|
1.54
x
|
1.18
x
|
0.86
x
|
0.79
x
|
0.47
x
|
0.51
x
|
0.55
x
|
0.55
x
|
EV / EBITDA
|
4.89
x
|
4.02
x
|
2.91
x
|
3.9
x
|
3.2
x
|
3.57
x
|
3.46
x
|
3.59
x
|
EV / FCF
|
7.85
x
|
8.08
x
|
7.5
x
|
-6.27
x
|
13.4
x
|
10.1
x
|
8.37
x
|
10.8
x
|
FCF Yield
|
12.7%
|
12.4%
|
13.3%
|
-16%
|
7.45%
|
9.87%
|
11.9%
|
9.29%
|
Price to Book
|
1.96
x
|
1.34
x
|
0.92
x
|
-
|
0.47
x
|
0.46
x
|
0.44
x
|
0.44
x
|
Nbr of stocks (in thousands)
|
5,299,303
|
5,299,303
|
5,299,303
|
5,299,303
|
5,284,238
|
5,277,060
|
-
|
-
|
Reference price
2 |
50.76
|
40.86
|
31.74
|
24.11
|
16.40
|
16.53
|
16.53
|
16.53
|
Announcement Date
|
20/03/20
|
05/03/21
|
25/03/22
|
27/03/23
|
19/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
157,030
|
176,243
|
167,953
|
132,022
|
140,999
|
138,492
|
140,792
|
141,179
|
EBITDA
1 |
49,328
|
51,700
|
49,784
|
26,881
|
20,583
|
19,904
|
22,185
|
21,759
|
EBIT
1 |
44,057
|
46,271
|
43,827
|
20,092
|
13,138
|
13,079
|
14,343
|
13,864
|
Operating Margin
|
28.06%
|
26.25%
|
26.1%
|
15.22%
|
9.32%
|
9.44%
|
10.19%
|
9.82%
|
Earnings before Tax (EBT)
1 |
44,557
|
47,108
|
44,152
|
20,015
|
13,600
|
13,129
|
14,274
|
15,124
|
Net income
1 |
33,593
|
35,130
|
33,267
|
15,661
|
10,430
|
9,906
|
11,920
|
11,637
|
Net margin
|
21.39%
|
19.93%
|
19.81%
|
11.86%
|
7.4%
|
7.15%
|
8.47%
|
8.24%
|
EPS
2 |
6.350
|
6.630
|
6.280
|
2.990
|
1.970
|
1.905
|
2.223
|
2.060
|
Free Cash Flow
1 |
30,738
|
25,717
|
19,313
|
-16,739
|
4,910
|
7,004
|
9,167
|
7,258
|
FCF margin
|
19.57%
|
14.59%
|
11.5%
|
-12.68%
|
3.48%
|
5.06%
|
6.51%
|
5.14%
|
FCF Conversion (EBITDA)
|
62.31%
|
49.74%
|
38.79%
|
-
|
23.85%
|
35.19%
|
41.32%
|
33.36%
|
FCF Conversion (Net income)
|
91.5%
|
73.21%
|
58.05%
|
-
|
47.07%
|
70.71%
|
76.9%
|
62.37%
|
Dividend per Share
2 |
2.000
|
2.120
|
2.380
|
-
|
0.9600
|
1.007
|
1.076
|
1.007
|
Announcement Date
|
20/03/20
|
05/03/21
|
25/03/22
|
27/03/23
|
19/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2020 S2
|
2021 S1
|
2021 Q4
|
2021 S2
|
2022 Q1
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2022 S2
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 S1
|
2024 Q3
|
2024 Q4
|
2024 S2
|
2025 S1
|
2025 S2
|
---|
Net sales
1 |
85,387
|
74,007
|
102,236
|
80,433
|
46,242
|
87,520
|
25,462
|
30,814
|
56,276
|
29,052
|
46,693
|
75,746
|
31,368
|
34,068
|
65,436
|
33,607
|
41,956
|
21,328
|
32,938
|
64,750
|
32,492
|
40,564
|
71,919
|
65,553
|
71,038
|
EBITDA
|
-
|
-
|
27,262
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
-
|
-
|
25,126
|
19,702
|
14,870
|
24,544
|
6,434
|
6,542
|
12,976
|
3,189
|
4,252
|
6,823
|
2,996
|
5,936
|
-
|
-
|
13,127
|
1,708
|
2,078
|
2,098
|
1,127
|
4,265
|
4,067
|
2,985
|
4,316
|
Operating Margin
|
-
|
-
|
24.58%
|
24.49%
|
32.16%
|
28.04%
|
25.27%
|
21.23%
|
23.06%
|
10.98%
|
9.11%
|
9.01%
|
9.55%
|
17.43%
|
-
|
-
|
31.29%
|
8.01%
|
6.31%
|
3.24%
|
3.47%
|
10.51%
|
5.66%
|
4.55%
|
6.08%
|
Earnings before Tax (EBT)
1 |
-
|
-
|
32,280
|
-
|
14,432
|
-
|
6,684
|
7,440
|
-
|
3,362
|
3,677
|
-
|
-
|
-
|
-
|
-
|
-
|
1,916
|
2,674
|
-
|
1,723
|
4,861
|
-
|
-
|
-
|
Net income
1 |
-
|
-
|
19,060
|
-
|
10,877
|
-
|
4,925
|
4,915
|
-
|
2,579
|
3,242
|
-
|
-
|
4,205
|
6,756
|
2,204
|
1,758
|
1,502
|
2,110
|
-
|
1,266
|
3,762
|
-
|
-
|
-
|
Net margin
|
-
|
-
|
18.64%
|
-
|
23.52%
|
-
|
19.34%
|
15.95%
|
-
|
8.88%
|
6.94%
|
-
|
-
|
12.34%
|
10.32%
|
6.56%
|
4.19%
|
7.04%
|
6.41%
|
-
|
3.9%
|
9.27%
|
-
|
-
|
-
|
EPS
2 |
3.470
|
3.040
|
3.590
|
2.820
|
-
|
3.460
|
-
|
-
|
1.860
|
-
|
-
|
1.130
|
0.4800
|
0.7900
|
-
|
-
|
0.3300
|
-
|
0.5000
|
0.4600
|
0.4100
|
0.4200
|
0.8000
|
0.6200
|
0.8300
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
20/03/20
|
21/08/20
|
05/03/21
|
27/08/21
|
25/03/22
|
25/03/22
|
28/04/22
|
25/08/22
|
25/08/22
|
27/10/22
|
27/03/23
|
27/03/23
|
26/04/23
|
21/08/23
|
21/08/23
|
27/10/23
|
19/03/24
|
26/04/24
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
43,690
|
51,723
|
57,681
|
35,787
|
45,438
|
41,387
|
36,238
|
33,949
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
30,738
|
25,717
|
19,313
|
-16,739
|
4,910
|
7,004
|
9,167
|
7,259
|
ROE (net income / shareholders' equity)
|
26.9%
|
23.5%
|
19.3%
|
8.5%
|
5.8%
|
5.75%
|
6.05%
|
5.78%
|
ROA (Net income/ Total Assets)
|
20.5%
|
18.5%
|
15.4%
|
6.34%
|
4.36%
|
4.56%
|
4.86%
|
4.43%
|
Assets
1 |
164,344
|
189,880
|
215,965
|
247,128
|
239,141
|
217,217
|
245,494
|
262,987
|
Book Value Per Share
2 |
25.90
|
30.50
|
34.60
|
-
|
35.00
|
36.20
|
37.40
|
37.80
|
Cash Flow per Share
2 |
7.690
|
6.570
|
6.400
|
-
|
3.600
|
2.630
|
3.840
|
3.830
|
Capex
1 |
10,000
|
9,080
|
14,587
|
26,388
|
14,167
|
15,506
|
14,593
|
12,833
|
Capex / Sales
|
6.37%
|
5.15%
|
8.69%
|
19.99%
|
10.05%
|
11.2%
|
10.36%
|
9.09%
|
Announcement Date
|
20/03/20
|
05/03/21
|
25/03/22
|
27/03/23
|
19/03/24
|
-
|
-
|
-
|
Last Close Price
16.53
CNY Average target price
20.17
CNY Spread / Average Target +22.01% Consensus |
1st Jan change
|
Capi.
|
---|
| +4.88% | 15.46B | | +19.81% | 48.58B | | -3.74% | 15.52B | | -15.85% | 10.44B | | +26.55% | 8.84B | | +105.28% | 8.27B | | -0.30% | 7.96B | | -8.75% | 7.34B | | +23.60% | 6.73B | | +14.79% | 5.7B |
Cement & Concrete Manufacturing
|