BRIGHT FUTURE TECHNOLOGY HOLDINGS LIMITED Financials Bright Future Technology Holdings Limited
Equities
1351
KYG136931097
Advertising & Marketing
|
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.245 HKD | 0.00% |
|
0.00% | -5.77% |
| 03-28 | Bright Future Technology Holdings Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 03-08 | Bright Future Technology Expects Return to Profit in 2023 | MT |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Capitalization 1 | 858.5 | 321.9 | 150.1 | 118.2 |
| Enterprise Value (EV) 1 | 719.6 | 187.3 | 129.7 | 248.4 |
| P/E ratio | 10 x | -18.4 x | -6.4 x | 7.7 x |
| Yield | - | 24.9% | 41% | - |
| Capitalization / Revenue | 2.24 x | 0.66 x | 0.34 x | 0.13 x |
| EV / Revenue | 1.88 x | 0.38 x | 0.29 x | 0.28 x |
| EV / EBITDA | 9.88 x | 10 x | -11.3 x | 10.1 x |
| EV / FCF | -15.3 x | 7.84 x | 2.64 x | -3.52 x |
| FCF Yield | -6.52% | 12.7% | 37.9% | -28.4% |
| Price to Book | 2.92 x | 1.09 x | 1.14 x | 0.8 x |
| Nbr of stocks (in thousands) | 500,000 | 500,000 | 500,000 | 500,000 |
| Reference price 2 | 1.717 | 0.6437 | 0.3003 | 0.2363 |
| Announcement Date | 30/03/21 | 25/04/22 | 25/04/23 | 24/04/24 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 254.9 | 281.9 | 382.8 | 488 | 443.5 | 892.4 |
| EBITDA 1 | 45.87 | 46.84 | 72.85 | 18.69 | -11.5 | 24.68 |
| EBIT 1 | 45.7 | 46.56 | 72.57 | 17.68 | -12.84 | 24.11 |
| Operating Margin | 17.93% | 16.51% | 18.96% | 3.62% | -2.9% | 2.7% |
| Earnings before Tax (EBT) 1 | 45.08 | 44.73 | 71.12 | 12.53 | -15.67 | 21.55 |
| Net income 1 | 42.39 | 38.43 | 67.33 | -17.26 | -22.43 | 14.81 |
| Net margin | 16.63% | 13.63% | 17.59% | -3.54% | -5.06% | 1.66% |
| EPS 2 | 54.34 | 48.41 | 0.1716 | -0.0350 | -0.0469 | 0.0307 |
| Free Cash Flow 1 | -15.36 | -22.2 | -46.95 | 23.87 | 49.21 | -70.55 |
| FCF margin | -6.03% | -7.87% | -12.27% | 4.89% | 11.1% | -7.91% |
| FCF Conversion (EBITDA) | - | - | - | 127.75% | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share | - | - | - | 0.1600 | 0.1230 | - |
| Announcement Date | 23/10/20 | 23/10/20 | 30/03/21 | 25/04/22 | 25/04/23 | 24/04/24 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | 10.8 | - | - | - | 130 |
| Net Cash position 1 | 1.36 | - | 139 | 135 | 20.4 | - |
| Leverage (Debt/EBITDA) | - | 0.2315 x | - | - | - | 5.278 x |
| Free Cash Flow 1 | -15.4 | -22.2 | -47 | 23.9 | 49.2 | -70.5 |
| ROE (net income / shareholders' equity) | 71.2% | 36.3% | 31.8% | -5.85% | -10.5% | 10.6% |
| ROA (Net income/ Total Assets) | 17% | 9.93% | 9.91% | 1.9% | -1.7% | 3.6% |
| Assets 1 | 248.6 | 387.1 | 679.5 | -906.8 | 1,316 | 411.3 |
| Book Value Per Share 2 | 106.0 | 162.0 | 0.5900 | 0.5900 | 0.2600 | 0.2900 |
| Cash Flow per Share 2 | 15.60 | 29.90 | 0.1900 | 0.2300 | 0.1500 | 0.0900 |
| Capex 1 | 0.23 | 1.2 | 1.05 | 2.31 | 0.14 | 0.24 |
| Capex / Sales | 0.09% | 0.43% | 0.27% | 0.47% | 0.03% | 0.03% |
| Announcement Date | 23/10/20 | 23/10/20 | 30/03/21 | 25/04/22 | 25/04/23 | 24/04/24 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -5.77% | 18.82M | |
| -12.28% | 1.87B | |
| -4.50% | 1.28B | |
| -13.30% | 1.12B | |
| -36.65% | 606M | |
| -5.52% | 532M | |
| -33.86% | 483M | |
| +10.39% | 443M | |
| -31.56% | 382M | |
| -6.15% | 364M |
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