Financials Liu Chong Hing Investment Limited

Equities

194

HK0194000995

Real Estate Development & Operations

Market Closed - Hong Kong S.E. 09:09:00 03/05/2024 BST 5-day change 1st Jan Change
4.71 HKD +1.29% Intraday chart for Liu Chong Hing Investment Limited +3.06% -12.78%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 4,604 4,028 2,665 2,934 2,745 2,044
Enterprise Value (EV) 1 2,970 3,478 2,186 2,773 3,303 3,233
P/E ratio 4.54 x 9.37 x 16.4 x 6.87 x 31.9 x -2.51 x
Yield 5.76% 5.64% 5.68% 5.94% 5.24% 5.19%
Capitalization / Revenue 2.51 x 3.16 x 3.45 x 3.51 x 3.84 x 2.79 x
EV / Revenue 1.62 x 2.72 x 2.83 x 3.32 x 4.62 x 4.41 x
EV / EBITDA 3.87 x 6.99 x 7.27 x 8.97 x 13.3 x 14.3 x
EV / FCF 4.73 x -4.56 x 33.8 x 17.4 x -51.5 x 5.07 x
FCF Yield 21.1% -21.9% 2.96% 5.75% -1.94% 19.7%
Price to Book 0.37 x 0.33 x 0.21 x 0.22 x 0.22 x 0.18 x
Nbr of stocks (in thousands) 378,583 378,583 378,583 378,583 378,583 378,583
Reference price 2 12.16 10.64 7.040 7.750 7.250 5.400
Announcement Date 09/04/19 09/04/20 09/04/21 06/04/22 14/04/23 11/04/24
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,836 1,277 771.6 835.2 715.2 732.3
EBITDA 1 767.1 497.4 300.4 309.4 247.4 225.5
EBIT 1 754.3 482.8 229.6 237.4 148.1 123.5
Operating Margin 41.08% 37.82% 29.75% 28.43% 20.71% 16.86%
Earnings before Tax (EBT) 1 1,226 591.1 246.6 668.7 188 -885
Net income 1 1,014 430 162.6 427.3 86.15 -814.9
Net margin 55.24% 33.68% 21.07% 51.16% 12.04% -111.28%
EPS 2 2.679 1.136 0.4294 1.129 0.2276 -2.153
Free Cash Flow 1 627.4 -762.5 64.7 159.4 -64.08 638.1
FCF margin 34.17% -59.73% 8.39% 19.09% -8.96% 87.13%
FCF Conversion (EBITDA) 81.79% - 21.54% 51.53% - 283%
FCF Conversion (Net income) 61.86% - 39.8% 37.31% - -
Dividend per Share 2 0.7000 0.6000 0.4000 0.4600 0.3800 0.2800
Announcement Date 09/04/19 09/04/20 09/04/21 06/04/22 14/04/23 11/04/24
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - 558 1,188
Net Cash position 1 1,633 551 480 161 - -
Leverage (Debt/EBITDA) - - - - 2.255 x 5.271 x
Free Cash Flow 1 627 -762 64.7 159 -64.1 638
ROE (net income / shareholders' equity) 8.65% 3.59% 1.38% 3.25% 0.69% -7.2%
ROA (Net income/ Total Assets) 3.25% 2.05% 0.96% 0.95% 0.58% 0.5%
Assets 1 31,247 20,947 16,895 44,819 14,897 -162,825
Book Value Per Share 2 32.60 32.70 33.20 34.70 33.30 30.60
Cash Flow per Share 2 6.500 5.390 4.960 4.950 4.220 3.060
Capex 1 10.8 14.6 9.72 17.7 42.4 42.3
Capex / Sales 0.59% 1.14% 1.26% 2.12% 5.93% 5.78%
Announcement Date 09/04/19 09/04/20 09/04/21 06/04/22 14/04/23 11/04/24
1HKD in Million2HKD
Estimates
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