Financials Tse Sui Luen Jewellery (International) Limited

Equities

417

BMG911231519

Apparel & Accessories

Market Closed - Hong Kong S.E. 09:08:20 26/04/2024 BST 5-day change 1st Jan Change
0.86 HKD 0.00% Intraday chart for Tse Sui Luen Jewellery (International) Limited +2.38% -4.44%

Valuation

Fiscal Period: März 2018 2019 2020 2021 2022 2023
Capitalization 1 543 447.4 224.3 209.3 261.6 336.4
Enterprise Value (EV) 1 1,062 983.8 1,141 951.2 976.7 1,315
P/E ratio 11.9 x 8.24 x -2.5 x -4.76 x 16.8 x -4.71 x
Yield 3.94% 5.78% - - 1.9% -
Capitalization / Revenue 0.14 x 0.11 x 0.08 x 0.08 x 0.09 x 0.13 x
EV / Revenue 0.28 x 0.24 x 0.39 x 0.36 x 0.35 x 0.51 x
EV / EBITDA 6.16 x 4.67 x 17 x 31.6 x 8.65 x 58.2 x
EV / FCF 30.3 x 7.83 x 6.39 x 10 x 9.44 x 94.6 x
FCF Yield 3.3% 12.8% 15.6% 9.97% 10.6% 1.06%
Price to Book 0.47 x 0.41 x 0.25 x 0.22 x 0.25 x 0.38 x
Nbr of stocks (in thousands) 246,837 248,552 249,182 249,182 249,182 249,182
Reference price 2 2.200 1.800 0.9000 0.8400 1.050 1.350
Announcement Date 18/07/18 23/07/19 22/07/20 20/07/21 20/07/22 20/07/23
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: März 2018 2019 2020 2021 2022 2023
Net sales 1 3,819 4,065 2,914 2,649 2,768 2,591
EBITDA 1 172.3 210.7 66.98 30.05 112.9 22.6
EBIT 1 115.1 152.6 6.364 -22.37 75.35 -18.12
Operating Margin 3.01% 3.75% 0.22% -0.84% 2.72% -0.7%
Earnings before Tax (EBT) 1 82.94 99.44 -60.03 -1.011 60.5 -47.18
Net income 1 45.62 54.16 -89.67 -43.98 15.55 -71.44
Net margin 1.19% 1.33% -3.08% -1.66% 0.56% -2.76%
EPS 2 0.1848 0.2185 -0.3604 -0.1765 0.0624 -0.2867
Free Cash Flow 1 35.03 125.6 178.4 94.87 103.4 13.9
FCF margin 0.92% 3.09% 6.12% 3.58% 3.74% 0.54%
FCF Conversion (EBITDA) 20.33% 59.64% 266.31% 315.69% 91.65% 61.52%
FCF Conversion (Net income) 76.8% 231.98% - - 665.43% -
Dividend per Share 2 0.0868 0.1040 - - 0.0200 -
Announcement Date 18/07/18 23/07/19 22/07/20 20/07/21 20/07/22 20/07/23
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 519 536 916 742 715 979
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 3.011 x 2.546 x 13.68 x 24.68 x 6.336 x 43.31 x
Free Cash Flow 1 35 126 178 94.9 103 13.9
ROE (net income / shareholders' equity) 4.42% 4.84% -9.04% -4.79% 1.55% -7.37%
ROA (Net income/ Total Assets) 2.91% 3.81% 0.15% -0.53% 1.8% -0.41%
Assets 1 1,565 1,423 -58,265 8,242 864.6 17,509
Book Value Per Share 2 4.670 4.370 3.610 3.780 4.210 3.590
Cash Flow per Share 2 1.090 1.010 1.350 1.520 1.420 1.400
Capex 1 51.2 106 68.5 22.2 56.1 105
Capex / Sales 1.34% 2.6% 2.35% 0.84% 2.03% 4.07%
Announcement Date 18/07/18 23/07/19 22/07/20 20/07/21 20/07/22 20/07/23
1HKD in Million2HKD
Estimates
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