LAPCO HOLDINGS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.62 HKD | -1.59% |
|
+19.23% | -40.95% |
| 03-28 | Lapco Holdings Limited Announces Board Changes | CI |
| 03-26 | Lapco Holdings Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 216 | 168 | 166 | 300 | 33.6 | 25.2 |
| Enterprise Value (EV) 1 | 381.2 | 322.4 | 243.6 | 379 | 125.4 | 41.28 |
| P/E ratio | -18.5 x | -10.4 x | 9.03 x | 56 x | 1.65 x | 2.79 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 0.41 x | 0.29 x | 0.25 x | 0.39 x | 0.03 x | 0.03 x |
| EV / Revenue | 0.72 x | 0.56 x | 0.37 x | 0.49 x | 0.13 x | 0.04 x |
| EV / EBITDA | 16.5 x | -69.5 x | 15.1 x | 29.1 x | 4.78 x | 1.28 x |
| EV / FCF | -190 x | 13.7 x | 3.69 x | 47.6 x | 168 x | 0.58 x |
| FCF Yield | -0.53% | 7.29% | 27.1% | 2.1% | 0.6% | 172% |
| Price to Book | 4.28 x | 4.77 x | 3.1 x | 5.09 x | 0.42 x | 0.25 x |
| Nbr of stocks (in thousands) | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 24,000 |
| Reference price 2 | 10.80 | 8.400 | 8.300 | 15.00 | 1.680 | 1.050 |
| Announcement Date | 29/03/19 | 30/03/20 | 30/03/21 | 30/03/22 | 30/03/23 | 28/03/24 |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 529.8 | 579.9 | 665.8 | 765.9 | 966.3 | 948.7 |
| EBITDA 1 | 23.16 | -4.639 | 16.19 | 13.03 | 26.26 | 32.34 |
| EBIT 1 | -6.954 | -9.318 | 10.19 | 8.79 | 13.26 | 20.68 |
| Operating Margin | -1.31% | -1.61% | 1.53% | 1.15% | 1.37% | 2.18% |
| Earnings before Tax (EBT) 1 | -12.88 | -16.52 | 19.21 | 6.401 | 22.79 | 18.59 |
| Net income 1 | -11.69 | -16.12 | 18.39 | 5.361 | 20.33 | 14.06 |
| Net margin | -2.21% | -2.78% | 2.76% | 0.7% | 2.1% | 1.48% |
| EPS 2 | -0.5844 | -0.8058 | 0.9194 | 0.2680 | 1.016 | 0.3758 |
| Free Cash Flow 1 | -2.004 | 23.5 | 66.08 | 7.967 | 0.7478 | 70.96 |
| FCF margin | -0.38% | 4.05% | 9.93% | 1.04% | 0.08% | 7.48% |
| FCF Conversion (EBITDA) | - | - | 408.27% | 61.14% | 2.85% | 219.45% |
| FCF Conversion (Net income) | - | - | 359.4% | 148.62% | 3.68% | 504.69% |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 29/03/19 | 30/03/20 | 30/03/21 | 30/03/22 | 30/03/23 | 28/03/24 |
1HKD in Million2HKD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 165 | 154 | 77.6 | 79 | 91.8 | 16.1 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 7.134 x | -33.27 x | 4.795 x | 6.064 x | 3.496 x | 0.4972 x |
| Free Cash Flow 1 | -2 | 23.5 | 66.1 | 7.97 | 0.75 | 71 |
| ROE (net income / shareholders' equity) | -20.7% | -37.6% | 41.4% | 9.52% | 29.4% | 15.6% |
| ROA (Net income/ Total Assets) | -1.52% | -2.09% | 2.4% | 2.17% | 2.89% | 3.96% |
| Assets 1 | 771.3 | 770.4 | 766.9 | 246.5 | 702.6 | 354.8 |
| Book Value Per Share 2 | 2.520 | 1.760 | 2.680 | 2.950 | 3.970 | 4.220 |
| Cash Flow per Share 2 | 0.5700 | 1.050 | 1.780 | 2.020 | 1.050 | 3.010 |
| Capex 1 | 0.14 | 2.92 | 4.67 | 13.9 | 23.2 | 3.78 |
| Capex / Sales | 0.03% | 0.5% | 0.7% | 1.82% | 2.41% | 0.4% |
| Announcement Date | 29/03/19 | 30/03/20 | 30/03/21 | 30/03/22 | 30/03/23 | 28/03/24 |
1HKD in Million2HKD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -40.95% | 7.6M | |
| +13.50% | 5.36B | |
| +4.63% | 798M | |
| +2.79% | 645M | |
| +14.52% | 416M |
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