Financials Horizon Construction Development Limited

Equities

9930

KYG4R39T1073

Business Support Services

Market Closed - Hong Kong S.E. 09:08:42 28/06/2024 BST 5-day change 1st Jan Change
1.5 HKD -3.23% Intraday chart for Horizon Construction Development Limited -14.77% -67.32%

Valuation

Fiscal Period: December 2023 2024 2025 2026
Capitalization 1 13,339 4,463 - -
Enterprise Value (EV) 1 27,968 17,991 17,408 4,463
P/E ratio 13.2 x 3.56 x 2.95 x 2.85 x
Yield - - - -
Capitalization / Revenue 1.39 x 0.4 x 0.33 x 0.32 x
EV / Revenue 2.91 x 1.61 x 1.29 x 0.32 x
EV / EBITDA 6.24 x 3.7 x 3.12 x 0.8 x
EV / FCF 18,451,865 x - - -
FCF Yield 0% - - -
Price to Book 1.24 x 0.38 x 0.34 x 0.31 x
Nbr of stocks (in thousands) 3,197,244 3,197,244 - -
Reference price 2 4.172 1.396 1.396 1.396
Announcement Date 12/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2022 2023 2024 2025 2026
Net sales 1 7,878 9,611 11,195 13,506 14,070
EBITDA 1 - 4,480 4,865 5,582 5,572
EBIT 1 - 2,045 2,434 2,914 2,690
Operating Margin - 21.28% 21.74% 21.58% 19.12%
Earnings before Tax (EBT) 1 - 1,227 1,600 1,918 1,995
Net income 1 666.6 962.4 1,241 1,486 1,560
Net margin 8.46% 10.01% 11.08% 11.01% 11.09%
EPS 2 - 0.3160 0.3925 0.4725 0.4900
Free Cash Flow - 1,516 - - -
FCF margin - 15.77% - - -
FCF Conversion (EBITDA) - 33.83% - - -
FCF Conversion (Net income) - 157.49% - - -
Dividend per Share 2 - - - - -
Announcement Date 11/05/23 12/03/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2022 2023 2024 2025 2026
Net Debt 1 - 14,629 13,528 12,945 -
Net Cash position 1 - - - - -
Leverage (Debt/EBITDA) - 3.265 x 2.781 x 2.319 x -
Free Cash Flow - 1,516 - - -
ROE (net income / shareholders' equity) - 11% 11.1% 12.2% 11.2%
ROA (Net income/ Total Assets) - 3.13% 4.24% 4.65% 3.38%
Assets 1 - 30,763 29,276 32,001 46,167
Book Value Per Share 2 - 3.370 3.680 4.140 4.530
Cash Flow per Share 2 - 1.300 1.420 1.560 -
Capex 1 - 2,435 2,582 3,033 2,825
Capex / Sales - 25.33% 23.06% 22.46% 20.08%
Announcement Date 11/05/23 12/03/24 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
1.396 CNY
Average target price
3.567 CNY
Spread / Average Target
+155.54%
Consensus

Annual profits - Rate of surprise

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