Financials Wai Chi Holdings Company Limited

Equities

1305

KYG9427Y1044

Semiconductors

Delayed Hong Kong S.E. 09:08:20 14/05/2024 BST 5-day change 1st Jan Change
0.94 HKD -2.08% Intraday chart for Wai Chi Holdings Company Limited -3.09% -11.32%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 258 158.3 86.73 273.2 336.1 232.9
Enterprise Value (EV) 1 365.6 319.9 284.9 447 477.2 111.4
P/E ratio 5.72 x 4.26 x 2.8 x 5.31 x 5.61 x 6.39 x
Yield - - - - - -
Capitalization / Revenue 0.11 x 0.07 x 0.06 x 0.14 x 0.15 x 0.12 x
EV / Revenue 0.16 x 0.14 x 0.2 x 0.23 x 0.22 x 0.06 x
EV / EBITDA 4.27 x 3.37 x 3.62 x 3.36 x 5.19 x 1.56 x
EV / FCF -6.98 x -2.49 x 2.67 x 4.28 x -17.3 x 5.92 x
FCF Yield -14.3% -40.1% 37.4% 23.4% -5.78% 16.9%
Price to Book 0.39 x 0.23 x 0.12 x 0.33 x 0.41 x 0.27 x
Nbr of stocks (in thousands) 216,825 216,825 216,825 216,825 216,825 219,725
Reference price 2 1.190 0.7300 0.4000 1.260 1.550 1.060
Announcement Date 18/04/19 17/04/20 19/04/21 29/04/22 21/04/23 23/04/24
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,250 2,215 1,396 1,923 2,216 1,986
EBITDA 1 85.53 95.03 78.7 133.1 91.97 71.33
EBIT 1 43.67 51.82 33.44 84.79 38.71 21.9
Operating Margin 1.94% 2.34% 2.4% 4.41% 1.75% 1.1%
Earnings before Tax (EBT) 1 49.52 40.17 30.7 51.87 59.17 38.9
Net income 1 45.11 37.15 30.96 51.47 59.91 36.42
Net margin 2% 1.68% 2.22% 2.68% 2.7% 1.83%
EPS 2 0.2080 0.1713 0.1428 0.2374 0.2763 0.1660
Free Cash Flow 1 -52.42 -128.4 106.7 104.5 -27.58 18.8
FCF margin -2.33% -5.8% 7.64% 5.44% -1.24% 0.95%
FCF Conversion (EBITDA) - - 135.54% 78.53% - 26.36%
FCF Conversion (Net income) - - 344.59% 203.03% - 51.62%
Dividend per Share - - - - - -
Announcement Date 18/04/19 17/04/20 19/04/21 29/04/22 21/04/23 23/04/24
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 108 162 198 174 141 -
Net Cash position 1 - - - - - 122
Leverage (Debt/EBITDA) 1.258 x 1.701 x 2.518 x 1.306 x 1.534 x -
Free Cash Flow 1 -52.4 -128 107 104 -27.6 18.8
ROE (net income / shareholders' equity) 6.91% 5.56% 4.35% 6.61% 7.14% 4.34%
ROA (Net income/ Total Assets) 1.63% 2.04% 1.15% 2.37% 0.94% 0.53%
Assets 1 2,770 1,822 2,697 2,168 6,383 6,813
Book Value Per Share 2 3.040 3.120 3.460 3.770 3.810 3.940
Cash Flow per Share 2 0.1100 0.4700 0.4700 0.5200 1.190 1.630
Capex 1 51.2 60.6 82.2 25.4 50.7 106
Capex / Sales 2.28% 2.73% 5.89% 1.32% 2.29% 5.36%
Announcement Date 18/04/19 17/04/20 19/04/21 29/04/22 21/04/23 23/04/24
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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