Financials Chow Tai Fook Jewellery Group Limited OTC Markets

Equities

CJEWY

US17044P1066

Apparel & Accessories

Market Closed - OTC Markets 15:25:57 23/05/2024 BST 5-day change 1st Jan Change
13.16 USD -3.44% Intraday chart for Chow Tai Fook Jewellery Group Limited -7.50% -10.45%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 79,400 54,900 118,800 142,600 155,800 105,071 - -
Enterprise Value (EV) 1 89,828 70,392 124,911 152,444 165,007 118,692 117,613 118,930
P/E ratio 17.3 x 18.9 x 19.7 x 21.3 x 29 x 13.5 x 12 x 10.8 x
Yield 4.41% 4.37% 3.37% 3.51% 3.21% 5.47% 6.06% 6.55%
Capitalization / Revenue 1.19 x 0.97 x 1.69 x 1.44 x 1.65 x 0.97 x 0.89 x 0.82 x
EV / Revenue 1.35 x 1.24 x 1.78 x 1.54 x 1.74 x 1.09 x 1 x 0.93 x
EV / EBITDA 11.8 x 12.3 x 12.8 x 14.8 x 15.3 x 9 x 8.21 x 7.6 x
EV / FCF 12.8 x 9.5 x 18.8 x 12.3 x 26.7 x 10.8 x 14.6 x 14.5 x
FCF Yield 7.84% 10.5% 5.32% 8.14% 3.74% 9.22% 6.83% 6.9%
Price to Book 2.58 x 2.08 x 3.86 x 4.13 x 4.81 x 3.46 x 3.15 x 2.88 x
Nbr of stocks (in thousands) 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 9,987,737 - -
Reference price 2 7.940 5.490 11.88 14.26 15.58 10.52 10.52 10.52
Announcement Date 06/06/19 11/06/20 08/06/21 09/06/22 08/06/23 - - -
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 66,661 56,751 70,164 98,938 94,684 108,533 117,885 127,437
EBITDA 1 7,592 5,718 9,775 10,290 10,773 13,190 14,327 15,655
EBIT 1 6,640 4,686 8,689 9,080 9,439 11,111 12,273 13,451
Operating Margin 9.96% 8.26% 12.38% 9.18% 9.97% 10.24% 10.41% 10.56%
Earnings before Tax (EBT) 1 6,352 4,204 8,395 8,983 7,446 10,589 12,010 13,281
Net income 1 4,577 2,901 6,026 6,712 5,384 7,896 8,812 9,752
Net margin 6.87% 5.11% 8.59% 6.78% 5.69% 7.28% 7.48% 7.65%
EPS 2 0.4580 0.2900 0.6030 0.6710 0.5380 0.7795 0.8800 0.9736
Free Cash Flow 1 7,039 7,412 6,646 12,408 6,174 10,944 8,034 8,204
FCF margin 10.56% 13.06% 9.47% 12.54% 6.52% 10.08% 6.81% 6.44%
FCF Conversion (EBITDA) 92.72% 129.61% 67.99% 120.58% 57.31% 82.97% 56.08% 52.41%
FCF Conversion (Net income) 153.8% 255.5% 110.28% 184.85% 114.66% 138.61% 91.16% 84.13%
Dividend per Share 2 0.3500 0.2400 0.4000 0.5000 0.5000 0.5759 0.6378 0.6894
Announcement Date 06/06/19 11/06/20 08/06/21 09/06/22 08/06/23 - - -
1HKD in Million2HKD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2
Net sales 1 29,533 27,218 24,673 45,490 44,186 54,752 46,535 48,149 49,526 58,999 53,039 62,588
EBITDA - - - - - - - - - - - -
EBIT 1 - 2,268 3,456 5,233 4,840 4,241 4,349 5,090 5,989 5,236 5,152 6,808
Operating Margin - 8.33% 14.01% 11.5% 10.95% 7.75% 9.35% 10.57% 12.09% 8.87% 9.71% 10.88%
Earnings before Tax (EBT) - - - - - - - - 6,074 - - -
Net income 1 - - 2,232 3,794 - 3,132 3,336 2,049 4,551 3,748 - -
Net margin - - 9.05% 8.34% - 5.72% 7.17% 4.26% 9.19% 6.35% - -
EPS 2 0.1500 0.1400 0.2230 0.3800 0.3580 0.3130 0.3340 0.2040 0.4550 0.3700 0.3600 0.4900
Dividend per Share - - - - - - - - - - - -
Announcement Date 28/11/19 11/06/20 24/11/20 08/06/21 23/11/21 09/06/22 24/11/22 08/06/23 23/11/23 - - -
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 10,428 15,492 6,111 9,844 9,207 13,621 12,542 13,859
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.374 x 2.709 x 0.6252 x 0.9567 x 0.8546 x 1.033 x 0.8754 x 0.8853 x
Free Cash Flow 1 7,039 7,412 6,646 12,408 6,174 10,944 8,034 8,204
ROE (net income / shareholders' equity) 14.3% 10.2% 21.1% 20.9% 16.5% 24.9% 28.1% 28.1%
ROA (Net income/ Total Assets) 7.64% 4.55% 9.3% 8.83% 6.15% 8.82% 9.6% 9.91%
Assets 1 59,903 63,740 64,776 76,023 87,538 89,497 91,798 98,377
Book Value Per Share 2 3.080 2.630 3.080 3.460 3.240 3.040 3.340 3.650
Cash Flow per Share 2 0.8400 0.8400 0.7500 1.390 1.010 0.9400 1.180 1.200
Capex 1 1,392 973 839 1,531 1,982 2,028 2,070 2,154
Capex / Sales 2.09% 1.71% 1.2% 1.55% 2.09% 1.87% 1.76% 1.69%
Announcement Date 06/06/19 11/06/20 08/06/21 09/06/22 08/06/23 - - -
1HKD in Million2HKD
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
21
Last Close Price
10.52 HKD
Average target price
14.24 HKD
Spread / Average Target
+35.36%
Consensus
  1. Stock Market
  2. Equities
  3. 1929 Stock
  4. CJEWY Stock
  5. Financials Chow Tai Fook Jewellery Group Limited