Financials Shin Hwa World Limited

Equities

582

BMG5369T1788

Casinos & Gaming

Market Closed - Hong Kong S.E. 09:08:17 07/05/2024 BST 5-day change 1st Jan Change
0.036 HKD -2.70% Intraday chart for Shin Hwa World Limited +2.86% -29.41%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 7,220 2,583 711.4 984.7 1,057 215.5
Enterprise Value (EV) 1 8,075 4,830 2,609 2,282 2,111 1,372
P/E ratio -10.3 x -1.21 x -0.32 x -0.87 x -4.87 x -0.41 x
Yield - - - - - -
Capitalization / Revenue 3.44 x 3.17 x 0.9 x 0.73 x 0.76 x 0.21 x
EV / Revenue 3.85 x 5.92 x 3.31 x 1.69 x 1.52 x 1.32 x
EV / EBITDA -39 x -5.68 x -5.82 x 60.9 x 10.6 x -6.96 x
EV / FCF -3.08 x -4.05 x 4.69 x 4.35 x 8.2 x 11.4 x
FCF Yield -32.5% -24.7% 21.3% 23% 12.2% 8.75%
Price to Book 0.49 x 0.22 x 0.07 x 0.11 x 0.13 x 0.03 x
Nbr of stocks (in thousands) 2,934,899 2,934,899 3,521,878 4,226,252 4,226,252 4,226,252
Reference price 2 2.460 0.8800 0.2020 0.2330 0.2500 0.0510
Announcement Date 29/04/19 15/05/20 27/04/21 26/04/22 25/04/23 25/04/24
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,099 815.5 788 1,350 1,387 1,036
EBITDA 1 -207.2 -849.6 -448 37.45 198.5 -197.1
EBIT 1 -758.1 -1,454 -1,056 -544.8 -290.3 -490.9
Operating Margin -36.12% -178.31% -133.99% -40.36% -20.94% -47.37%
Earnings before Tax (EBT) 1 -633.8 -2,137 -2,101 -1,041 -235 -522.7
Net income 1 -701.5 -2,133 -2,115 -1,056 -216.9 -522.4
Net margin -33.42% -261.53% -268.4% -78.21% -15.64% -50.42%
EPS 2 -0.2387 -0.7267 -0.6328 -0.2684 -0.0513 -0.1236
Free Cash Flow 1 -2,625 -1,193 555.8 524.8 257.5 120
FCF margin -125.03% -146.3% 70.53% 38.87% 18.57% 11.58%
FCF Conversion (EBITDA) - - - 1,401.46% 129.73% -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 29/04/19 15/05/20 27/04/21 26/04/22 25/04/23 25/04/24
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 855 2,247 1,898 1,297 1,054 1,156
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) -4.125 x -2.645 x -4.236 x 34.63 x 5.312 x -5.865 x
Free Cash Flow 1 -2,625 -1,193 556 525 258 120
ROE (net income / shareholders' equity) -4.56% -16.1% -18.9% -11% -2.56% -6.73%
ROA (Net income/ Total Assets) -2.57% -5.54% -4.6% -2.72% -1.68% -3.19%
Assets 1 27,318 38,477 45,940 38,849 12,890 16,395
Book Value Per Share 2 4.980 4.050 2.970 2.080 1.920 1.750
Cash Flow per Share 2 0.3700 0.1400 0.1800 0.1900 0.1200 0.0600
Capex 1 2,784 206 6.94 31.9 10.8 23.2
Capex / Sales 132.63% 25.2% 0.88% 2.37% 0.78% 2.24%
Announcement Date 29/04/19 15/05/20 27/04/21 26/04/22 25/04/23 25/04/24
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

  1. Stock Market
  2. Equities
  3. 582 Stock
  4. Financials Shin Hwa World Limited