Financials Shi Shi Services Limited

Equities

8181

KYG8109A1031

Real Estate Services

Market Closed - Hong Kong S.E. 09:08:28 20/05/2024 BST 5-day change 1st Jan Change
0.067 HKD 0.00% Intraday chart for Shi Shi Services Limited +1.52% -9.46%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 350.7 431.1 292.5 184.7 108.4 73.38
Enterprise Value (EV) 1 275 285 166.7 95.8 47.11 -0.9449
P/E ratio 11.1 x 7.38 x 20.6 x 12 x -3.84 x -2.5 x
Yield - - - - - -
Capitalization / Revenue 0.85 x 1.01 x 0.6 x 0.36 x 0.21 x 0.13 x
EV / Revenue 0.67 x 0.67 x 0.34 x 0.19 x 0.09 x -0 x
EV / EBITDA 9.18 x 8.83 x 4.25 x 3.28 x 7.98 x 0.04 x
EV / FCF -107 x 52.7 x -219 x -1.85 x -2.13 x -0.05 x
FCF Yield -0.94% 1.9% -0.46% -54.2% -46.9% -2,054%
Price to Book 1.82 x 1.5 x 0.98 x 0.58 x 0.36 x 0.27 x
Nbr of stocks (in thousands) 855,352 1,026,352 1,026,352 1,026,352 1,128,987 1,128,987
Reference price 2 0.4100 0.4200 0.2850 0.1800 0.0960 0.0650
Announcement Date 27/06/18 27/06/19 29/06/20 30/06/21 30/06/22 30/06/23
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 412.3 425.7 487.4 511.1 525 547.4
EBITDA 1 29.97 32.28 39.19 29.24 5.903 -23.28
EBIT 1 28.1 30.42 37.5 24.11 -4.814 -30.51
Operating Margin 6.81% 7.15% 7.69% 4.72% -0.92% -5.57%
Earnings before Tax (EBT) 1 38.33 65.23 23.26 20.4 -24.33 -26.62
Net income 1 28.69 52.23 14.17 15.86 -25.95 -28.8
Net margin 6.96% 12.27% 2.91% 3.1% -4.94% -5.26%
EPS 2 0.0370 0.0569 0.0138 0.0150 -0.0250 -0.0260
Free Cash Flow 1 -2.572 5.404 -0.7605 -51.89 -22.12 19.41
FCF margin -0.62% 1.27% -0.16% -10.15% -4.21% 3.55%
FCF Conversion (EBITDA) - 16.74% - - - -
FCF Conversion (Net income) - 10.35% - - - -
Dividend per Share - - - - - -
Announcement Date 27/06/18 27/06/19 29/06/20 30/06/21 30/06/22 30/06/23
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 75.7 146 126 88.9 61.3 74.3
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -2.57 5.4 -0.76 -51.9 -22.1 19.4
ROE (net income / shareholders' equity) 19.8% 23.7% 4.83% 5.13% -8.41% -9.98%
ROA (Net income/ Total Assets) 7.38% 5.84% 6.07% 3.69% -0.73% -4.99%
Assets 1 388.8 894.4 233.5 429.4 3,538 576.8
Book Value Per Share 2 0.2300 0.2800 0.2900 0.3100 0.2600 0.2400
Cash Flow per Share 2 0.0600 0.1400 0.1400 0.1000 0.0600 0.0700
Capex 1 0.4 0.26 13.1 69.5 25.6 16.7
Capex / Sales 0.1% 0.06% 2.69% 13.59% 4.88% 3.05%
Announcement Date 27/06/18 27/06/19 29/06/20 30/06/21 30/06/22 30/06/23
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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