Market Closed -
Hong Kong S.E.
09:08:20 26/04/2024 BST
|
5-day change
|
1st Jan Change
|
66.85
HKD
|
+1.60%
|
|
+8.88%
|
+16.26%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
85,644
|
107,844
|
134,859
|
109,208
|
58,980
|
69,584
|
-
|
-
|
Enterprise Value (EV)
1 |
97,966
|
119,227
|
146,065
|
120,944
|
58,980
|
82,109
|
81,751
|
80,477
|
P/E ratio
|
15.1
x
|
17.2
x
|
17.4
x
|
18.7
x
|
8.65
x
|
9.66
x
|
8.75
x
|
8.04
x
|
Yield
|
1.97%
|
1.85%
|
1.85%
|
2.12%
|
-
|
4.5%
|
4.87%
|
5.69%
|
Capitalization / Revenue
|
1.22
x
|
1.51
x
|
1.45
x
|
0.99
x
|
0.52
x
|
0.6
x
|
0.56
x
|
0.53
x
|
EV / Revenue
|
1.4
x
|
1.66
x
|
1.57
x
|
1.1
x
|
0.52
x
|
0.7
x
|
0.66
x
|
0.61
x
|
EV / EBITDA
|
9.7
x
|
9.9
x
|
11.5
x
|
10.3
x
|
4.72
x
|
6.21
x
|
5.58
x
|
5.14
x
|
EV / FCF
|
22.2
x
|
28.5
x
|
36
x
|
31.3
x
|
-
|
30.5
x
|
16.7
x
|
16.5
x
|
FCF Yield
|
4.51%
|
3.51%
|
2.78%
|
3.19%
|
-
|
3.28%
|
5.99%
|
6.07%
|
Price to Book
|
3.3
x
|
3.52
x
|
3.77
x
|
2.8
x
|
-
|
1.49
x
|
1.34
x
|
1.25
x
|
Nbr of stocks (in thousands)
|
1,125,474
|
1,125,950
|
1,127,451
|
1,128,226
|
1,128,534
|
1,124,487
|
-
|
-
|
Reference price
2 |
76.10
|
95.78
|
119.6
|
96.80
|
52.26
|
61.88
|
61.88
|
61.88
|
Announcement Date
|
16/03/20
|
22/03/21
|
18/03/22
|
24/03/23
|
22/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
70,183
|
71,617
|
93,113
|
110,051
|
113,858
|
116,660
|
124,216
|
131,252
|
EBITDA
1 |
10,100
|
12,039
|
12,724
|
11,710
|
12,486
|
13,219
|
14,643
|
15,658
|
EBIT
1 |
8,695
|
10,449
|
10,985
|
9,699
|
10,313
|
10,627
|
11,802
|
13,156
|
Operating Margin
|
12.39%
|
14.59%
|
11.8%
|
8.81%
|
9.06%
|
9.11%
|
9.5%
|
10.02%
|
Earnings before Tax (EBT)
1 |
8,841
|
9,558
|
11,393
|
9,052
|
10,005
|
10,698
|
11,763
|
12,951
|
Net income
1 |
5,670
|
6,278
|
7,755
|
5,865
|
6,816
|
7,283
|
7,978
|
8,709
|
Net margin
|
8.08%
|
8.77%
|
8.33%
|
5.33%
|
5.99%
|
6.24%
|
6.42%
|
6.64%
|
EPS
2 |
5.040
|
5.570
|
6.860
|
5.190
|
6.040
|
6.408
|
7.074
|
7.692
|
Free Cash Flow
1 |
4,418
|
4,181
|
4,057
|
3,861
|
-
|
2,690
|
4,899
|
4,883
|
FCF margin
|
6.29%
|
5.84%
|
4.36%
|
3.51%
|
-
|
2.31%
|
3.94%
|
3.72%
|
FCF Conversion (EBITDA)
|
43.74%
|
34.73%
|
31.88%
|
32.97%
|
-
|
20.35%
|
33.46%
|
31.18%
|
FCF Conversion (Net income)
|
77.92%
|
66.6%
|
52.31%
|
65.83%
|
-
|
36.93%
|
61.41%
|
56.07%
|
Dividend per Share
2 |
1.500
|
1.770
|
2.210
|
2.050
|
-
|
2.787
|
3.015
|
3.522
|
Announcement Date
|
16/03/20
|
22/03/21
|
18/03/22
|
24/03/23
|
22/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2020 S2
|
2021 S1
|
2021 S2
|
2022 S1
|
---|
Net sales
1 |
34,839
|
31,543
|
40,074
|
41,232
|
51,881
|
58,332
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
3,749
|
4,628
|
5,821
|
5,871
|
5,114
|
5,960
|
Operating Margin
|
10.76%
|
14.67%
|
14.53%
|
14.24%
|
9.86%
|
10.22%
|
Earnings before Tax (EBT)
1 |
-
|
-
|
-
|
-
|
-
|
4,803
|
Net income
1 |
2,308
|
2,693
|
-
|
3,765
|
-
|
3,104
|
Net margin
|
6.62%
|
8.54%
|
-
|
9.13%
|
-
|
5.32%
|
EPS
|
-
|
-
|
3.180
|
3.320
|
3.540
|
-
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
16/03/20
|
20/08/20
|
22/03/21
|
23/08/21
|
18/03/22
|
19/08/22
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
12,322
|
11,383
|
11,206
|
11,736
|
-
|
12,525
|
12,166
|
10,892
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.22
x
|
0.9455
x
|
0.8807
x
|
1.002
x
|
-
|
0.9475
x
|
0.8308
x
|
0.6956
x
|
Free Cash Flow
1 |
4,418
|
4,181
|
4,057
|
3,861
|
-
|
2,690
|
4,899
|
4,883
|
ROE (net income / shareholders' equity)
|
21.9%
|
22.3%
|
23.4%
|
15.7%
|
-
|
15.9%
|
15.6%
|
15.2%
|
ROA (Net income/ Total Assets)
|
6.66%
|
7.33%
|
8.16%
|
5.8%
|
-
|
6.77%
|
7.05%
|
7.32%
|
Assets
1 |
85,135
|
85,645
|
95,013
|
101,170
|
-
|
107,551
|
113,218
|
119,010
|
Book Value Per Share
2 |
23.00
|
27.20
|
31.80
|
34.60
|
-
|
41.40
|
46.20
|
49.40
|
Cash Flow per Share
2 |
10.40
|
8.610
|
9.260
|
8.960
|
8.520
|
9.150
|
10.90
|
10.90
|
Capex
1 |
7,272
|
5,515
|
6,253
|
6,241
|
-
|
7,555
|
7,358
|
7,971
|
Capex / Sales
|
10.36%
|
7.7%
|
6.72%
|
5.67%
|
-
|
6.48%
|
5.92%
|
6.07%
|
Announcement Date
|
16/03/20
|
22/03/21
|
18/03/22
|
24/03/23
|
22/03/24
|
-
|
-
|
-
|
Last Close Price
61.88
CNY Average target price
66.63
CNY Spread / Average Target +7.67% Consensus |
1st Jan change
|
Capi.
|
---|
| +16.26% | 9.6B | | 0.00% | 14.25B | | +7.95% | 8.41B | | +5.35% | 7.53B | | -3.52% | 7.3B | | +28.95% | 5.72B | | -28.15% | 5.56B | | +18.39% | 5.37B | | +3.17% | 5.32B | | +19.48% | 4.55B |
Natural Gas Distribution
|