Financials EuroEyes International Eye Clinic Limited

Equities

1846

KYG3224D1088

Healthcare Facilities & Services

Market Closed - Hong Kong S.E. 09:08:20 26/04/2024 BST 5-day change 1st Jan Change
4.95 HKD +3.12% Intraday chart for EuroEyes International Eye Clinic Limited +5.54% -4.99%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 2,759 2,878 2,693 1,829 1,650 1,650 -
Enterprise Value (EV) 1 2,759 2,878 2,693 1,829 1,736 1,650 1,650
P/E ratio -652 x 50.1 x 20.2 x 20.4 x 13.2 x 8.25 x -
Yield - - 1.21% 1.14% 2.22% 2.83% -
Capitalization / Revenue 6.71 x 6.07 x 4.26 x 3 x 2.43 x 1.89 x 1.63 x
EV / Revenue 6.71 x 6.07 x 4.26 x 3 x 2.43 x 1.89 x 1.63 x
EV / EBITDA 21.3 x 15.2 x 10.1 x 8.57 x 6.18 x 4.91 x 3.55 x
EV / FCF 86.1 x 71.7 x - 23.8 x 14.4 x 9.14 x 8.98 x
FCF Yield 1.16% 1.39% - 4.21% 6.95% 10.9% 11.1%
Price to Book 2.77 x 3.02 x 2.67 x 1.8 x 1.43 x 1.25 x -
Nbr of stocks (in thousands) 329,234 329,234 329,234 333,240 333,240 333,240 -
Reference price 2 8.380 8.740 8.180 5.490 4.950 4.950 4.950
Announcement Date 25/03/20 16/03/21 23/03/22 28/03/23 28/03/24 - -
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 368.7 411.4 473.8 632.9 610.3 714.3 874 1,009
EBITDA 1 - 129.7 189.2 265.9 213.5 280.9 336 464.7
EBIT 1 - 29.13 107.6 189.8 132.8 193.5 291 306.9
Operating Margin - 7.08% 22.7% 29.99% 21.76% 27.09% 33.3% 30.4%
Earnings before Tax (EBT) 1 - 20.41 98.65 195.7 129 190.6 282 297.7
Net income 1 - -3.293 65.58 133.6 89.47 131.2 201 218.9
Net margin - -0.8% 13.84% 21.1% 14.66% 18.37% 23% 21.69%
EPS 2 - -0.0128 0.1746 0.4058 0.2693 0.3950 0.6000 -
Free Cash Flow 1 - 32.03 40.12 - 76.95 114.6 180.4 183.7
FCF margin - 7.79% 8.47% - 12.61% 15.42% 20.64% 18.2%
FCF Conversion (EBITDA) - 24.7% 21.2% - 36.04% 37.39% 53.69% 39.53%
FCF Conversion (Net income) - - 61.17% - 86.01% 72.37% 89.75% 83.92%
Dividend per Share 2 - - - 0.0993 0.0627 0.1100 0.1400 -
Announcement Date 29/09/19 25/03/20 16/03/21 23/03/22 28/03/23 28/03/24 - -
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - 32 40.1 - 77 115 180 184
ROE (net income / shareholders' equity) - 9.78% 8.19% 14.1% 8.86% 17.3% 21.6% 14.9%
ROA (Net income/ Total Assets) - 5.55% 5.66% 9.96% 6.15% 9.9% 12.1% 11.1%
Assets 1 - -59.33 1,159 1,342 1,455 1,599 1,661 1,972
Book Value Per Share 2 - 3.030 2.900 3.060 3.040 3.460 3.950 -
Cash Flow per Share 2 - - 0.2100 0.8300 0.6300 0.2200 0.7200 -
Capex 1 - 27.9 38.3 44 56.3 98.3 131 76.1
Capex / Sales - 6.79% 8.09% 6.95% 9.23% 13.22% 14.95% 7.54%
Announcement Date 29/09/19 25/03/20 16/03/21 23/03/22 28/03/23 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
3
Last Close Price
4.95 HKD
Average target price
7.26 HKD
Spread / Average Target
+46.67%
Consensus

Annual profits - Rate of surprise

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