Financials Watts International Maritime Company Limited

Equities

2258

KYG949091014

Construction & Engineering

Market Closed - Hong Kong S.E. 09:08:16 02/05/2024 BST 5-day change 1st Jan Change
0.179 HKD 0.00% Intraday chart for Watts International Maritime Company Limited 0.00% -10.05%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 920.5 848.3 409.9 285.8 204.1 149.3
Enterprise Value (EV) 1 534.6 441.5 46.72 -28.56 -86.95 98.78
P/E ratio 6.89 x 8.39 x 8.73 x 6.03 x 7.47 x 4.82 x
Yield - 2.99% 2.84% 3.78% 3.44% 5.09%
Capitalization / Revenue 0.62 x 0.41 x 0.23 x 0.13 x 0.1 x 0.07 x
EV / Revenue 0.36 x 0.22 x 0.03 x -0.01 x -0.04 x 0.05 x
EV / EBITDA 3.55 x 2.79 x 0.37 x -0.31 x -1.35 x 1.2 x
EV / FCF 0.88 x 1.1 x 0.24 x -0.66 x -17.8 x -0.26 x
FCF Yield 113% 91.1% 421% -152% -5.62% -378%
Price to Book 1.73 x 1.3 x 0.62 x 0.41 x 0.28 x 0.2 x
Nbr of stocks (in thousands) 825,400 825,400 825,400 825,400 825,400 825,400
Reference price 2 1.115 1.028 0.4966 0.3463 0.2473 0.1809
Announcement Date 25/04/19 24/04/20 23/04/21 19/04/22 21/04/23 23/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,490 2,050 1,818 2,263 2,076 2,144
EBITDA 1 150.4 158.2 126.8 91.48 64.22 82.5
EBIT 1 139.6 139.3 111.1 74.75 46.74 68.34
Operating Margin 9.37% 6.79% 6.11% 3.3% 2.25% 3.19%
Earnings before Tax (EBT) 1 132.5 104.1 58.9 58.04 40.12 50.53
Net income 1 104.1 101.2 46.84 47.06 27.1 30.75
Net margin 6.99% 4.93% 2.58% 2.08% 1.31% 1.43%
EPS 2 0.1618 0.1226 0.0569 0.0575 0.0331 0.0375
Free Cash Flow 1 606.5 402.4 196.8 43.35 4.887 -373.6
FCF margin 40.72% 19.63% 10.82% 1.92% 0.24% -17.43%
FCF Conversion (EBITDA) 403.34% 254.28% 155.24% 47.38% 7.61% -
FCF Conversion (Net income) 582.85% 397.77% 420.13% 92.11% 18.03% -
Dividend per Share - 0.0307 0.0141 0.0131 0.008500 0.009200
Announcement Date 25/04/19 24/04/20 23/04/21 19/04/22 21/04/23 23/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 386 407 363 314 291 50.5
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 607 402 197 43.4 4.89 -374
ROE (net income / shareholders' equity) 18.3% 12% 7.11% 6.89% 3.78% 4.14%
ROA (Net income/ Total Assets) 4.52% 2.47% 2.03% 1.38% 0.86% 1.28%
Assets 1 2,302 4,096 2,312 3,409 3,144 2,405
Book Value Per Share 2 0.6400 0.7900 0.8000 0.8500 0.8900 0.9100
Cash Flow per Share 2 0.4700 0.5700 0.5100 0.5400 0.6500 0.3100
Capex 1 0.7 20.9 13.2 8.51 8.01 7.61
Capex / Sales 0.05% 1.02% 0.73% 0.38% 0.39% 0.36%
Announcement Date 25/04/19 24/04/20 23/04/21 19/04/22 21/04/23 23/04/24
1CNY in Million2CNY
Estimates
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