Financials Grand Ming Group Holdings Limited

Equities

1271

KYG406451065

Construction & Engineering

Delayed Hong Kong S.E. 09:08:06 30/04/2024 BST 5-day change 1st Jan Change
3.5 HKD -1.96% Intraday chart for Grand Ming Group Holdings Limited -7.16% -10.03%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 3,194 3,464 3,506 9,738 10,675 8,235
Enterprise Value (EV) 1 6,414 7,331 7,651 13,323 15,382 12,442
P/E ratio 18.6 x 23.2 x 104 x 65.3 x 608 x 6.46 x
Yield 2.18% 2.01% 1.62% 1.17% 1.06% 1.9%
Capitalization / Revenue 2.24 x 5.65 x 3.88 x 6.53 x 13.1 x 1.65 x
EV / Revenue 4.5 x 12 x 8.48 x 8.93 x 18.8 x 2.49 x
EV / EBITDA 26.9 x 32.3 x 54.5 x 51.1 x 1,016 x 7.32 x
EV / FCF -6.95 x -92 x 32.8 x 12.6 x -34.2 x 15.8 x
FCF Yield -14.4% -1.09% 3.05% 7.92% -2.92% 6.33%
Price to Book 1.16 x 1.23 x 1.46 x 3.93 x 5.02 x 2.76 x
Nbr of stocks (in thousands) 1,419,542 1,419,542 1,419,542 1,419,542 1,419,542 1,419,812
Reference price 2 2.250 2.440 2.470 6.860 7.520 5.800
Announcement Date 25/06/18 25/06/19 23/06/20 25/06/21 04/07/22 05/07/23
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 1,424 613.4 902.6 1,492 817.9 5,005
EBITDA 1 238.9 226.7 140.4 260.9 15.14 1,700
EBIT 1 231.8 211.9 117.7 233 -13.24 1,659
Operating Margin 16.28% 34.54% 13.04% 15.61% -1.62% 33.15%
Earnings before Tax (EBT) 1 205.4 177.1 43.27 187.9 26.73 1,529
Net income 1 171.8 149 33.83 149 17.55 1,275
Net margin 12.06% 24.29% 3.75% 9.99% 2.15% 25.49%
EPS 2 0.1210 0.1050 0.0238 0.1050 0.0124 0.8979
Free Cash Flow 1 -923.1 -79.71 233.4 1,056 -449.9 787.8
FCF margin -64.83% -12.99% 25.86% 70.73% -55.01% 15.74%
FCF Conversion (EBITDA) - - 166.24% 404.58% - 46.36%
FCF Conversion (Net income) - - 689.95% 708.24% - 61.77%
Dividend per Share 2 0.0490 0.0490 0.0400 0.0800 0.0800 0.1100
Announcement Date 25/06/18 25/06/19 23/06/20 25/06/21 04/07/22 05/07/23
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 3,220 3,867 4,145 3,585 4,707 4,207
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 13.48 x 17.06 x 29.52 x 13.74 x 310.9 x 2.476 x
Free Cash Flow 1 -923 -79.7 233 1,056 -450 788
ROE (net income / shareholders' equity) 6.36% 5.34% 1.3% 6.1% 0.76% 49.9%
ROA (Net income/ Total Assets) 2.36% 1.92% 0.89% 1.5% -0.08% 11%
Assets 1 7,272 7,751 3,819 9,924 -21,770 11,577
Book Value Per Share 2 1.950 1.980 1.690 1.750 1.500 2.100
Cash Flow per Share 2 0.2200 0.0400 0.0600 0.2600 0.0800 0.1600
Capex 1 0.12 27.7 16.8 2.66 3.78 61.1
Capex / Sales 0.01% 4.52% 1.86% 0.18% 0.46% 1.22%
Announcement Date 25/06/18 25/06/19 23/06/20 25/06/21 04/07/22 05/07/23
1HKD in Million2HKD
Estimates
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