Financials Futong Technology Development Holdings Limited

Equities

465

KYG369921088

Computer Hardware

Market Closed - Hong Kong S.E. 09:09:00 03/05/2024 BST 5-day change 1st Jan Change
0.305 HKD 0.00% Intraday chart for Futong Technology Development Holdings Limited +8.93% +22.00%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 235.9 188.6 183.6 162.4 142 86.59
Enterprise Value (EV) 1 467.3 -177.9 -184.4 -278.1 -190.7 -143.8
P/E ratio -5.83 x 9.71 x 64.1 x 54.7 x -1.95 x -1.15 x
Yield - 3.14% - - - -
Capitalization / Revenue 0.06 x 0.11 x 0.22 x 0.26 x 0.6 x 0.25 x
EV / Revenue 0.13 x -0.1 x -0.22 x -0.45 x -0.81 x -0.42 x
EV / EBITDA 17.3 x -5.75 x -27.9 x 44.7 x 2.73 x 1.94 x
EV / FCF 2.15 x -0.3 x -24.5 x -4.19 x 2.06 x 1.53 x
FCF Yield 46.6% -332% -4.08% -23.8% 48.5% 65.5%
Price to Book 0.44 x 0.35 x 0.34 x 0.3 x 0.3 x 0.22 x
Nbr of stocks (in thousands) 311,250 311,250 311,250 311,250 311,250 311,250
Reference price 2 0.7579 0.6059 0.5898 0.5218 0.4563 0.2782
Announcement Date 17/04/18 11/04/19 17/04/20 16/04/21 21/04/22 25/04/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 3,663 1,777 848.8 616.3 235.2 343.1
EBITDA 1 27 30.96 6.6 -6.221 -69.72 -74.02
EBIT 1 22.59 26.14 3.111 -8.64 -71.67 -75.77
Operating Margin 0.62% 1.47% 0.37% -1.4% -30.47% -22.09%
Earnings before Tax (EBT) 1 -29.37 23.98 7.905 10.34 -60.16 -75.15
Net income 1 -39.92 19.43 2.865 2.967 -72.7 -75.55
Net margin -1.09% 1.09% 0.34% 0.48% -30.9% -22.02%
EPS 2 -0.1300 0.0624 0.009204 0.009532 -0.2336 -0.2427
Free Cash Flow 1 217.7 589.7 7.517 66.29 -92.46 -94.19
FCF margin 5.94% 33.18% 0.89% 10.76% -39.3% -27.45%
FCF Conversion (EBITDA) 806.58% 1,904.85% 113.89% - - -
FCF Conversion (Net income) - 3,035.59% 262.37% 2,234.39% - -
Dividend per Share - 0.0190 - - - -
Announcement Date 17/04/18 11/04/19 17/04/20 16/04/21 21/04/22 25/04/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 231 - - - - -
Net Cash position 1 - 366 368 440 333 230
Leverage (Debt/EBITDA) 8.571 x - - - - -
Free Cash Flow 1 218 590 7.52 66.3 -92.5 -94.2
ROE (net income / shareholders' equity) -7.14% 3.58% 0.5% 0.53% -14.1% -17.2%
ROA (Net income/ Total Assets) 0.74% 1.28% 0.24% -0.73% -6.51% -8.49%
Assets 1 -5,407 1,516 1,194 -408.3 1,117 890.4
Book Value Per Share 2 1.710 1.750 1.740 1.750 1.520 1.280
Cash Flow per Share 2 0.7600 1.250 1.200 1.420 1.070 0.7400
Capex 1 6.87 1.93 0.55 3.31 2.09 0.4
Capex / Sales 0.19% 0.11% 0.06% 0.54% 0.89% 0.12%
Announcement Date 17/04/18 11/04/19 17/04/20 16/04/21 21/04/22 25/04/23
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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