Financials Hong Kong Technology Venture Company Limited

Equities

1137

HK0000065349

Internet Services

Market Closed - Hong Kong S.E. 09:08:07 09/05/2024 BST 5-day change 1st Jan Change
1.78 HKD +1.14% Intraday chart for Hong Kong Technology Venture Company Limited +17.11% -32.83%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,280 2,807 10,407 7,795 4,957 2,355
Enterprise Value (EV) 1 2,228 3,172 9,744 7,517 4,804 2,093
P/E ratio -17.1 x -9.64 x 57.1 x 527 x 24.4 x 53.7 x
Yield - - - 0.94% 1.49% -
Capitalization / Revenue 2.54 x 1.99 x 3.62 x 2.49 x 1.29 x 0.62 x
EV / Revenue 2.49 x 2.24 x 3.39 x 2.4 x 1.25 x 0.55 x
EV / EBITDA -7.7 x -12.5 x 53.8 x 148 x 18.8 x 36 x
EV / FCF -9.62 x -13.8 x 24.9 x 139 x 22.7 x 40.7 x
FCF Yield -10.4% -7.25% 4.01% 0.72% 4.4% 2.46%
Price to Book 1.33 x 1.93 x 4.96 x 3.78 x 2.24 x 1.1 x
Nbr of stocks (in thousands) 814,217 820,734 911,274 917,007 923,090 888,546
Reference price 2 2.800 3.420 11.42 8.500 5.370 2.650
Announcement Date 17/04/19 16/04/20 20/04/21 25/04/22 30/04/23 29/04/24
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 896.4 1,414 2,878 3,130 3,828 3,812
EBITDA 1 -289.5 -253.3 181 50.83 255.2 58.15
EBIT 1 -380.9 -332.6 83.53 -46.78 155.3 -32.59
Operating Margin -42.5% -23.52% 2.9% -1.49% 4.06% -0.86%
Earnings before Tax (EBT) 1 -132.8 -290 184.1 6.1 142.4 38.76
Net income 1 -133.1 -289.9 183.6 14.78 212.2 45.32
Net margin -14.85% -20.5% 6.38% 0.47% 5.54% 1.19%
EPS 2 -0.1639 -0.3546 0.2000 0.0161 0.2200 0.0494
Free Cash Flow 1 -231.5 -229.8 391.2 54.12 211.3 51.48
FCF margin -25.83% -16.25% 13.59% 1.73% 5.52% 1.35%
FCF Conversion (EBITDA) - - 216.07% 106.48% 82.78% 88.52%
FCF Conversion (Net income) - - 213.09% 366.2% 99.56% 113.59%
Dividend per Share - - - 0.0800 0.0800 -
Announcement Date 17/04/19 16/04/20 20/04/21 25/04/22 30/04/23 29/04/24
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 365 - - - -
Net Cash position 1 51.8 - 662 278 153 262
Leverage (Debt/EBITDA) - -1.441 x - - - -
Free Cash Flow 1 -232 -230 391 54.1 211 51.5
ROE (net income / shareholders' equity) -7.45% -18.3% 10.3% 0.69% 9.94% 2.08%
ROA (Net income/ Total Assets) -10.7% -9.18% 1.93% -0.93% 2.82% -0.58%
Assets 1 1,248 3,159 9,515 -1,584 7,516 -7,878
Book Value Per Share 2 2.100 1.770 2.300 2.250 2.390 2.410
Cash Flow per Share 2 0.1300 0.1800 1.030 0.6800 0.7600 0.3700
Capex 1 140 140 88.4 151 276 196
Capex / Sales 15.63% 9.9% 3.07% 4.82% 7.22% 5.15%
Announcement Date 17/04/19 16/04/20 20/04/21 25/04/22 30/04/23 29/04/24
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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