Market Closed -
Hong Kong S.E.
09:09:00 03/05/2024 BST
|
5-day change
|
1st Jan Change
|
4.52
HKD
|
+1.12%
|
|
0.00%
|
-4.24%
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
69,408
|
63,735
|
59,347
|
69,761
|
52,496
|
49,462
|
-
|
-
|
Enterprise Value (EV)
1 |
61,788
|
55,359
|
53,099
|
65,397
|
49,931
|
45,773
|
44,570
|
43,256
|
P/E ratio
|
20
x
|
17.5
x
|
14.5
x
|
16.7
x
|
15.6
x
|
12.8
x
|
11.9
x
|
11.2
x
|
Yield
|
4.23%
|
5.74%
|
2.78%
|
6.77%
|
1.47%
|
5.85%
|
6.47%
|
7.02%
|
Capitalization / Revenue
|
3.35
x
|
3.17
x
|
2.7
x
|
2.91
x
|
2.29
x
|
2.06
x
|
1.97
x
|
1.89
x
|
EV / Revenue
|
2.98
x
|
2.75
x
|
2.41
x
|
2.73
x
|
2.18
x
|
1.91
x
|
1.78
x
|
1.65
x
|
EV / EBITDA
|
11.4
x
|
9.69
x
|
7.95
x
|
10.5
x
|
8.64
x
|
7.21
x
|
6.65
x
|
6.21
x
|
EV / FCF
|
15.6
x
|
12.2
x
|
10.4
x
|
18.8
x
|
13.5
x
|
10.4
x
|
9.65
x
|
9.09
x
|
FCF Yield
|
6.43%
|
8.22%
|
9.6%
|
5.33%
|
7.39%
|
9.62%
|
10.4%
|
11%
|
Price to Book
|
4.53
x
|
4.15
x
|
4.05
x
|
4.21
x
|
3.59
x
|
3.14
x
|
2.9
x
|
2.79
x
|
Nbr of stocks (in thousands)
|
12,449,287
|
12,415,184
|
12,076,924
|
11,899,528
|
11,882,083
|
11,811,945
|
-
|
-
|
Reference price
2 |
5.575
|
5.134
|
4.914
|
5.862
|
4.418
|
4.187
|
4.187
|
4.187
|
Announcement Date
|
18/06/19
|
16/06/20
|
22/06/21
|
28/06/22
|
27/06/23
|
-
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
20,712
|
20,095
|
21,998
|
23,985
|
22,928
|
24,026
|
25,092
|
26,146
|
EBITDA
1 |
5,440
|
5,712
|
6,678
|
6,253
|
5,779
|
6,347
|
6,699
|
6,964
|
EBIT
1 |
4,586
|
4,806
|
5,736
|
5,457
|
4,847
|
5,460
|
5,805
|
6,099
|
Operating Margin
|
22.14%
|
23.92%
|
26.08%
|
22.75%
|
21.14%
|
22.73%
|
23.13%
|
23.33%
|
Earnings before Tax (EBT)
1 |
4,806
|
5,049
|
5,995
|
5,734
|
4,780
|
5,424
|
5,820
|
6,121
|
Net income
1 |
3,477
|
3,649
|
4,158
|
4,203
|
3,372
|
3,880
|
4,179
|
4,419
|
Net margin
|
16.79%
|
18.16%
|
18.9%
|
17.52%
|
14.7%
|
16.15%
|
16.65%
|
16.9%
|
EPS
2 |
0.2793
|
0.2938
|
0.3383
|
0.3516
|
0.2835
|
0.3263
|
0.3514
|
0.3741
|
Free Cash Flow
1 |
3,971
|
4,549
|
5,098
|
3,487
|
3,687
|
4,401
|
4,617
|
4,760
|
FCF margin
|
19.17%
|
22.64%
|
23.18%
|
14.54%
|
16.08%
|
18.32%
|
18.4%
|
18.21%
|
FCF Conversion (EBITDA)
|
73%
|
79.64%
|
76.35%
|
55.77%
|
63.8%
|
69.34%
|
68.93%
|
68.35%
|
FCF Conversion (Net income)
|
114.23%
|
124.66%
|
122.62%
|
82.98%
|
109.37%
|
113.43%
|
110.5%
|
107.73%
|
Dividend per Share
2 |
0.2361
|
0.2948
|
0.1368
|
0.3966
|
0.0648
|
0.2450
|
0.2709
|
0.2939
|
Announcement Date
|
18/06/19
|
16/06/20
|
22/06/21
|
28/06/22
|
27/06/23
|
-
|
-
|
-
|
Fiscal Period: March |
2021 S2
|
2022 S1
|
2022 S2
|
2023 S1
|
2023 S2
|
2024 S1
|
2024 S2
|
---|
Net sales
1 |
11,699
|
11,383
|
12,602
|
10,833
|
12,095
|
11,275
|
12,717
|
EBITDA
1 |
-
|
-
|
-
|
-
|
3,239
|
-
|
3,291
|
EBIT
1 |
3,201
|
-
|
2,676
|
2,072
|
2,775
|
2,476
|
3,029
|
Operating Margin
|
27.36%
|
-
|
21.24%
|
19.13%
|
22.94%
|
21.96%
|
23.82%
|
Earnings before Tax (EBT)
1 |
3,291
|
-
|
2,852
|
2,150
|
2,630
|
2,367
|
2,989
|
Net income
1 |
2,205
|
2,090
|
2,113
|
1,596
|
1,776
|
1,732
|
2,113
|
Net margin
|
18.85%
|
18.36%
|
16.76%
|
14.73%
|
14.68%
|
15.36%
|
16.62%
|
EPS
2 |
-
|
-
|
0.1784
|
0.1341
|
0.1494
|
0.1458
|
0.1900
|
Dividend per Share
|
-
|
-
|
-
|
-
|
0.0648
|
-
|
-
|
Announcement Date
|
22/06/21
|
30/11/21
|
28/06/22
|
29/11/22
|
27/06/23
|
28/11/23
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
7,620
|
8,376
|
6,248
|
4,364
|
2,565
|
3,690
|
4,892
|
6,207
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
3,971
|
4,549
|
5,098
|
3,487
|
3,687
|
4,401
|
4,617
|
4,760
|
ROE (net income / shareholders' equity)
|
23.3%
|
23.7%
|
27.6%
|
27%
|
21.6%
|
25.1%
|
25.3%
|
25.6%
|
ROA (Net income/ Total Assets)
|
12.3%
|
12.2%
|
13.6%
|
13.8%
|
12.1%
|
14.3%
|
14.7%
|
15%
|
Assets
1 |
28,260
|
29,850
|
30,534
|
30,454
|
27,916
|
27,157
|
28,521
|
29,528
|
Book Value Per Share
2 |
1.230
|
1.240
|
1.210
|
1.390
|
1.230
|
1.340
|
1.440
|
1.500
|
Cash Flow per Share
2 |
0.3500
|
0.3900
|
0.4400
|
0.3300
|
0.3500
|
0.4100
|
0.4000
|
0.4500
|
Capex
1 |
382
|
296
|
317
|
423
|
531
|
509
|
493
|
514
|
Capex / Sales
|
1.84%
|
1.47%
|
1.44%
|
1.76%
|
2.32%
|
2.12%
|
1.96%
|
1.97%
|
Announcement Date
|
18/06/19
|
16/06/20
|
22/06/21
|
28/06/22
|
27/06/23
|
-
|
-
|
-
|
Last Close Price
4.187
CNY Average target price
5.13
CNY Spread / Average Target +22.50% Consensus |
1st Jan change
|
Capi.
|
---|
| -4.24% | 6.83B | | +6.95% | 25.08B | | -20.19% | 8.44B | | +9.10% | 6.35B | | -2.96% | 5.41B | | -0.33% | 5.37B | | +3.98% | 5.15B | | +23.61% | 4.59B | | -5.85% | 2.86B | | +42.83% | 2.86B |
Dairy Products
|