Financials Orient Victory Smart urban Services Holding Limited

Equities

265

KYG6777V1106

Real Estate Services

Market Closed - Hong Kong S.E. 09:09:00 03/05/2024 BST 5-day change 1st Jan Change
0.026 HKD 0.00% Intraday chart for Orient Victory Smart urban Services Holding Limited +8.33% -13.33%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,346 1,228 814.1 620.3 775.3 387.7
Enterprise Value (EV) 1 2,170 1,237 622.4 432.6 618.9 161.6
P/E ratio -28.6 x -24.9 x -29.3 x -27.5 x 79.6 x 18.1 x
Yield - - - - - -
Capitalization / Revenue 9.43 x 2.58 x 3.91 x 4.36 x 3.42 x 1.13 x
EV / Revenue 8.73 x 2.6 x 2.99 x 3.04 x 2.73 x 0.47 x
EV / EBITDA -47.5 x -47.3 x -21.5 x -21.3 x 15 x 2.57 x
EV / FCF 29 x -12.2 x -2.99 x 18.4 x 30.7 x 2.43 x
FCF Yield 3.45% -8.19% -33.4% 5.45% 3.26% 41.2%
Price to Book 6.75 x 3.96 x 2.48 x 1.9 x 2.65 x 1.3 x
Nbr of stocks (in thousands) 12,749,926 12,922,076 12,922,076 12,922,076 12,922,076 12,922,076
Reference price 2 0.1840 0.0950 0.0630 0.0480 0.0600 0.0300
Announcement Date 26/04/19 28/04/20 28/04/21 25/04/22 27/04/23 24/04/24
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 248.7 476 208.3 142.3 227 342.4
EBITDA 1 -45.73 -26.16 -28.89 -20.26 41.26 62.98
EBIT 1 -46.39 -30.15 -36.68 -25.34 34.21 36.54
Operating Margin -18.65% -6.33% -17.61% -17.81% 15.07% 10.67%
Earnings before Tax (EBT) 1 -59.99 -17.36 -57.68 -21.25 24.98 41.72
Net income 1 -56.08 -34.1 -23.56 -10.41 29.82 33.5
Net margin -22.55% -7.16% -11.31% -7.32% 13.14% 9.78%
EPS 2 -0.006443 -0.003817 -0.002148 -0.001744 0.000754 0.001653
Free Cash Flow 1 74.97 -101.3 -208.1 23.56 20.16 66.57
FCF margin 30.15% -21.28% -99.93% 16.56% 8.88% 19.44%
FCF Conversion (EBITDA) - - - - 48.85% 105.7%
FCF Conversion (Net income) - - - - 67.59% 198.73%
Dividend per Share - - - - - -
Announcement Date 26/04/19 28/04/20 28/04/21 25/04/22 27/04/23 24/04/24
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 9.76 - - - -
Net Cash position 1 176 - 192 188 156 226
Leverage (Debt/EBITDA) - -0.3728 x - - - -
Free Cash Flow 1 75 -101 -208 23.6 20.2 66.6
ROE (net income / shareholders' equity) -7.3% -3.08% -8% -3.99% 3.47% 6.18%
ROA (Net income/ Total Assets) -3.01% -1.72% -2.25% -1.82% 2.51% 2.81%
Assets 1 1,865 1,985 1,049 572.8 1,188 1,193
Book Value Per Share 2 0.0300 0.0200 0.0300 0.0300 0.0200 0.0200
Cash Flow per Share 2 0.0100 0.0100 0.0100 0.0200 0.0200 0.0200
Capex 1 0.29 8.46 20.2 17.7 66.6 8.77
Capex / Sales 0.12% 1.78% 9.69% 12.45% 29.35% 2.56%
Announcement Date 26/04/19 28/04/20 28/04/21 25/04/22 27/04/23 24/04/24
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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