Financials Digital China Holdings Limited

Equities

861

BMG2759B1072

IT Services & Consulting

Market Closed - Hong Kong S.E. 09:08:22 10/05/2024 BST 5-day change 1st Jan Change
3.02 HKD +0.67% Intraday chart for Digital China Holdings Limited -4.73% +30.17%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,767 10,637 8,284 6,360 3,883 5,054 - -
Enterprise Value (EV) 1 6,767 12,073 9,694 7,676 2,279 4,136 4,017 3,796
P/E ratio 22.1 x 16.9 x 10.7 x 16.3 x -1.74 x 9.17 x 8.1 x -
Yield 1.58% 2.14% 3.03% 1.79% - 2.98% 3.64% 3.97%
Capitalization / Revenue 0.38 x 0.54 x 0.4 x 0.31 x 0.2 x 0.24 x 0.23 x 0.22 x
EV / Revenue 0.38 x 0.61 x 0.47 x 0.38 x 0.12 x 0.2 x 0.18 x 0.17 x
EV / EBITDA 11,466,638 x 7,550,894 x 6,164,251 x 8,107,933 x - - - -
EV / FCF 8.57 x 12.5 x - 15.7 x - 31.1 x 8.52 x 6.65 x
FCF Yield 11.7% 7.99% - 6.38% - 3.22% 11.7% 15%
Price to Book 0.76 x 1.13 x 0.75 x 0.67 x 0.51 x 0.47 x 0.44 x 0.56 x
Nbr of stocks (in thousands) 1,670,978 1,672,497 1,673,526 1,673,607 1,673,607 1,673,607 - -
Reference price 2 4.050 6.360 4.950 3.800 2.320 3.020 3.020 3.020
Announcement Date 30/03/20 30/03/21 30/03/22 30/03/23 28/03/24 - - -
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 17,727 19,820 20,539 20,234 19,792 20,685 21,861 22,889
EBITDA 590.2 1,599 1,573 946.7 - - - -
EBIT 1 299.1 1,421 1,392 804.4 548.6 846.5 1,027 1,479
Operating Margin 1.69% 7.17% 6.78% 3.98% 2.77% 4.09% 4.7% 6.46%
Earnings before Tax (EBT) 1 546.7 1,147 1,142 570.9 -1,775 820.5 977.3 -
Net income 1 301.8 613 711.6 353.8 -1,986 494 557.8 -
Net margin 1.7% 3.09% 3.46% 1.75% -10.03% 2.39% 2.55% -
EPS 2 0.1831 0.3759 0.4621 0.2328 -1.335 0.3295 0.3730 -
Free Cash Flow 1 790.1 964.4 - 489.8 - 133.1 471.6 571.2
FCF margin 4.46% 4.87% - 2.42% - 0.64% 2.16% 2.5%
FCF Conversion (EBITDA) 133.87% 60.32% - 51.74% - - - -
FCF Conversion (Net income) 261.76% 157.34% - 138.44% - 26.94% 84.56% -
Dividend per Share 2 0.0640 0.1360 0.1500 0.0680 - 0.0900 0.1100 0.1200
Announcement Date 30/03/20 30/03/21 30/03/22 30/03/23 28/03/24 - - -
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 1,436 1,410 1,316 - - - -
Net Cash position 1 - - - - 1,604 918 1,037 1,258
Leverage (Debt/EBITDA) - 0.8979 x 0.8968 x 1.39 x - - - -
Free Cash Flow 1 790 964 - 490 - 133 472 571
ROE (net income / shareholders' equity) 3.39% 6.68% 7.27% 3.71% -25% 5.5% 5.95% 7.3%
ROA (Net income/ Total Assets) 1.18% 2.29% 2.47% 1.26% - 2.2% 2.2% -
Assets 1 25,515 26,786 28,810 28,054 - 22,454 25,354 -
Book Value Per Share 2 5.350 5.640 6.620 5.660 4.580 6.430 6.860 5.410
Cash Flow per Share 2 - - - - - 1.080 -0.4300 -
Capex 1 332 441 - 107 - 164 172 182
Capex / Sales 1.87% 2.23% - 0.53% - 0.79% 0.79% 0.79%
Announcement Date 30/03/20 30/03/21 30/03/22 30/03/23 28/03/24 - - -
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
2
Last Close Price
3.02 HKD
Average target price
4.3 HKD
Spread / Average Target
+42.38%
Consensus

Annual profits - Rate of surprise

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