Financials Hop Fung Group Holdings Limited

Equities

2320

KYG459991025

Paper Packaging

Market Closed - Hong Kong S.E. 09:08:07 05/07/2024 BST 5-day change 1st Jan Change
0.11 HKD -1.79% Intraday chart for Hop Fung Group Holdings Limited +22.22% +32.53%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 342.6 314.8 187.2 208.5 85.85 67.86
Enterprise Value (EV) 1 323.9 241 181.8 195 65.61 86.69
P/E ratio 11.3 x -39.3 x 137 x -0.49 x -0.45 x -0.67 x
Yield - - - - - -
Capitalization / Revenue 0.24 x 0.26 x 0.18 x 0.28 x 0.2 x 0.3 x
EV / Revenue 0.23 x 0.2 x 0.17 x 0.26 x 0.15 x 0.39 x
EV / EBITDA 2.71 x 4.5 x 2.55 x 36.2 x -0.53 x -1.61 x
EV / FCF -2.22 x 3.92 x -2.16 x 6.89 x 0.95 x -3.1 x
FCF Yield -45.1% 25.5% -46.4% 14.5% 105% -32.2%
Price to Book 0.22 x 0.21 x 0.12 x 0.17 x 0.09 x 0.08 x
Nbr of stocks (in thousands) 796,824 817,644 817,644 817,644 817,644 817,644
Reference price 2 0.4300 0.3850 0.2290 0.2550 0.1050 0.0830
Announcement Date 26/04/19 22/04/20 26/04/21 04/08/22 27/04/23 30/04/24
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,424 1,194 1,040 755.6 424.4 224.4
EBITDA 1 119.5 53.56 71.34 5.387 -123.5 -53.84
EBIT 1 32.92 -32.82 -11.79 -80.65 -184.7 -108.2
Operating Margin 2.31% -2.75% -1.13% -10.67% -43.52% -48.21%
Earnings before Tax (EBT) 1 41.72 -20.72 6.503 -479 -191.2 -100.5
Net income 1 30.47 -7.919 1.363 -422.8 -192.7 -100.8
Net margin 2.14% -0.66% 0.13% -55.95% -45.41% -44.93%
EPS 2 0.0381 -0.009800 0.001666 -0.5171 -0.2357 -0.1233
Free Cash Flow 1 -146.1 61.44 -84.3 28.3 69.16 -27.95
FCF margin -10.26% 5.15% -8.1% 3.75% 16.29% -12.46%
FCF Conversion (EBITDA) - 114.71% - 525.32% - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 26/04/19 22/04/20 26/04/21 04/08/22 27/04/23 30/04/24
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - 18.8
Net Cash position 1 18.7 73.8 5.45 13.5 20.2 -
Leverage (Debt/EBITDA) - - - - - -0.3497 x
Free Cash Flow 1 -146 61.4 -84.3 28.3 69.2 -27.9
ROE (net income / shareholders' equity) 1.91% -0.51% 0.09% -29.5% -17.4% -11.2%
ROA (Net income/ Total Assets) 0.98% -1% -0.35% -2.62% -8.15% -6.11%
Assets 1 3,112 789 -388.5 16,131 2,366 1,649
Book Value Per Share 2 1.950 1.870 1.980 1.530 1.180 1.030
Cash Flow per Share 2 0.2800 0.3600 0.3600 0.3000 0.1400 0.0600
Capex 1 147 124 134 36.4 4.02 8.73
Capex / Sales 10.29% 10.41% 12.85% 4.82% 0.95% 3.89%
Announcement Date 26/04/19 22/04/20 26/04/21 04/08/22 27/04/23 30/04/24
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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