Financials FSE Lifestyle Services Limited

Equities

331

KYG3727N1088

Construction & Engineering

Market Closed - Hong Kong S.E. 09:08:20 26/04/2024 BST 5-day change 1st Jan Change
5.44 HKD +0.37% Intraday chart for FSE Lifestyle Services Limited +0.37% -4.23%

Valuation

Fiscal Period: Juni 2020 2022 2023 2024 2025 2026
Capitalization 1 1,404 2,318 2,714 2,448 - -
Enterprise Value (EV) 1 1,404 2,318 2,714 2,378 2,371 2,367
P/E ratio 4.95 x 4.68 x 5.29 x 4.66 x 4.19 x 4.29 x
Yield - - - 8.92% 9.91% 10.1%
Capitalization / Revenue 0.29 x - - 0.29 x 0.27 x 0.26 x
EV / Revenue 0.29 x - - 0.28 x 0.26 x 0.25 x
EV / EBITDA - - - 3.39 x 3.12 x 2.89 x
EV / FCF - - - 5.13 x 4.2 x 3.88 x
FCF Yield - - - 19.5% 23.8% 25.8%
Price to Book - - - 2.34 x 1.71 x 1.39 x
Nbr of stocks (in thousands) 450,000 450,000 450,000 450,000 - -
Reference price 2 3.120 5.150 6.030 5.440 5.440 5.440
Announcement Date 16/10/20 05/09/22 27/09/23 - - -
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Juni 2020 2022 2023 2024 2025 2026
Net sales 1 4,882 - - 8,412 9,046 9,566
EBITDA 1 - - - 701 760 818
EBIT 1 - - - 656.5 726 741
Operating Margin - - - 7.8% 8.03% 7.75%
Earnings before Tax (EBT) 1 - - - 655 726.5 738
Net income 1 - 502.9 522.9 553.5 614.5 626
Net margin - - - 6.58% 6.79% 6.54%
EPS 2 0.6300 1.100 1.140 1.167 1.297 1.267
Free Cash Flow 1 - - - 463 565 610
FCF margin - - - 5.5% 6.25% 6.38%
FCF Conversion (EBITDA) - - - 66.05% 74.34% 74.57%
FCF Conversion (Net income) - - - 83.65% 91.94% 97.44%
Dividend per Share 2 - - - 0.4850 0.5394 0.5485
Announcement Date 16/10/20 05/09/22 27/09/23 - - -
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: June 2020 2022 2023 2024 2025 2026
Net Debt 1 - - - - - -
Net Cash position 1 - - - 70.5 76.9 80.9
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 - - - 463 565 610
ROE (net income / shareholders' equity) - - - 63.6% 49.8% 40%
ROA (Net income/ Total Assets) - - - 13.2% 13.2% 12.5%
Assets 1 - - - 4,193 4,673 5,008
Book Value Per Share 2 - - - 2.320 3.180 3.900
Cash Flow per Share - - - - - -
Capex 1 - - - 53.5 51.5 79
Capex / Sales - - - 0.64% 0.57% 0.83%
Announcement Date 16/10/20 05/09/22 27/09/23 - - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
5.44 HKD
Average target price
7.395 HKD
Spread / Average Target
+35.94%
Consensus

Annual profits - Rate of surprise

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