Financials Sun Hung Kai & Co. Limited OTC Markets

Equities

Market Closed - OTC Markets Other stock markets 16:19:02 14/06/2024 BST			5-day change	1st Jan Change
1.49 ^USD	+0.68%		0.00%	+12.88%

06-03	Talent Property Group Unit Accepts Cut-Down Proportional Dividend, Shares Down 6%	MT
05-22	Sun Hung Kai Properties Lends HK$23 Billion Through Credit Facility	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	7,416	6,482	8,206	5,764	4,795	4,795	-	-
Enterprise Value (EV) ¹	18,445	15,839	14,137	15,530	13,007	4,795	4,795	4,795
P/E ratio	3.56 x	2.55 x	2.92 x	-3.75 x	-10.1 x	7.51 x	4.58 x	4.43 x
Yield	7.01%	7.95%	6.25%	8.87%	10.7%	10.7%	10.7%	10.7%
Capitalization / Revenue	1.75 x	1.57 x	1.85 x	1.39 x	1.2 x	1.19 x	1.19 x	1.18 x
EV / Revenue	1.75 x	1.57 x	1.85 x	1.39 x	1.2 x	1.19 x	1.19 x	1.18 x
EV / EBITDA	3,920,212 x	4,280,816 x	2,816,152 x	2,081,690 x	-	-	-	-
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	0.36 x	0.29 x	0.33 x	0.26 x	0.23 x	0.19 x	-	-
Nbr of stocks (in thousands)	1,998,882	1,982,394	1,972,591	1,967,371	1,965,168	1,965,158	-	-
Reference price ²	3.710	3.270	4.160	2.930	2.440	2.440	2.440	2.440
Announcement Date	30/03/20	18/03/21	17/03/22	16/03/23	21/03/24	-	-	-

¹HKD in Million²HKD

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	4,231	4,133	4,436	4,154	3,998	4,027	4,041	4,068
EBITDA	1,892	1,514	2,914	2,769	-	-	-	-
EBIT	1,759	1,364	2,740	2,590	2,531	-	-	-
Operating Margin	41.58%	33.01%	61.78%	62.36%	63.29%	-	-	-
Earnings before Tax (EBT) ¹	2,743	3,201	3,773	-892.3	76.6	1,163	1,580	1,598
Net income ¹	2,085	2,548	2,814	-1,535	-471.4	639	1,049	1,083
Net margin	49.28%	61.65%	63.43%	-36.95%	-11.79%	15.87%	25.96%	26.62%
EPS ²	1.042	1.280	1.425	-0.7820	-0.2410	0.3250	0.5330	0.5510
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.2600	0.2600	0.2600	0.2600	0.2600	0.2600	0.2600	0.2600
Announcement Date	30/03/20	18/03/21	17/03/22	16/03/23	21/03/24	-	-	-

¹HKD in Million²HKD

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	11,030	9,356	5,931	9,766	8,212	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	5.831 x	6.179 x	2.035 x	3.527 x	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	10.6%	11.8%	11.2%	-6.86%	-1.89%	2.6%	4.1%	4.1%
ROA (Net income/ Total Assets)	5.01%	5.88%	5.77%	-3.58%	-1.4%	1.6%	2.5%	2.6%
Assets ¹	41,621	43,322	48,791	42,915	33,744	39,938	41,960	41,654
Book Value Per Share ²	10.20	11.40	12.70	11.40	10.80	12.60	-	-
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	13.5	28.5	63	58	-	65	70	-
Capex / Sales	0.32%	0.69%	1.42%	1.4%	-	1.61%	1.73%	-
Announcement Date	30/03/20	18/03/21	17/03/22	16/03/23	21/03/24	-	-	-

¹HKD in Million²HKD

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2.44 HKD

Average target price

5.89 HKD

Spread / Average Target

+141.39%

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