Market Closed -
Hong Kong S.E.
09:09:00 03/05/2024 BST
|
5-day change
|
1st Jan Change
|
9.1
HKD
|
+1.68%
|
|
-1.83%
|
+8.85%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
18,253
|
14,030
|
16,991
|
17,529
|
13,844
|
13,651
|
-
|
-
|
Enterprise Value (EV)
1 |
17,107
|
13,740
|
18,249
|
19,644
|
17,815
|
16,951
|
17,323
|
16,562
|
P/E ratio
|
13.1
x
|
12.1
x
|
11.2
x
|
7.92
x
|
4.44
x
|
6.48
x
|
6.09
x
|
6.15
x
|
Yield
|
2.3%
|
2.48%
|
2.67%
|
3.76%
|
6.76%
|
4.56%
|
5.37%
|
5.21%
|
Capitalization / Revenue
|
2.35
x
|
1.71
x
|
1.78
x
|
1.27
x
|
1.04
x
|
0.99
x
|
0.9
x
|
0.88
x
|
EV / Revenue
|
2.2
x
|
1.67
x
|
1.91
x
|
1.42
x
|
1.33
x
|
1.24
x
|
1.14
x
|
1.07
x
|
EV / EBITDA
|
14.7
x
|
14.7
x
|
16.6
x
|
11.1
x
|
8.75
x
|
7.97
x
|
6.72
x
|
7.35
x
|
EV / FCF
|
-487
x
|
-29.3
x
|
-33.4
x
|
-31
x
|
-24.1
x
|
40.7
x
|
17.8
x
|
17.4
x
|
FCF Yield
|
-0.21%
|
-3.41%
|
-3%
|
-3.23%
|
-4.16%
|
2.46%
|
5.62%
|
5.75%
|
Price to Book
|
1.19
x
|
0.73
x
|
0.82
x
|
0.92
x
|
0.51
x
|
0.54
x
|
0.5
x
|
0.48
x
|
Nbr of stocks (in thousands)
|
755,905
|
755,905
|
755,905
|
755,905
|
757,905
|
757,905
|
-
|
-
|
Reference price
2 |
13.83
|
8.720
|
10.54
|
12.28
|
7.598
|
8.431
|
8.431
|
8.431
|
Announcement Date
|
27/03/20
|
26/03/21
|
10/03/22
|
08/03/23
|
28/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
7,769
|
8,222
|
9,536
|
13,830
|
13,353
|
13,721
|
15,199
|
15,454
|
EBITDA
1 |
1,165
|
937.7
|
1,099
|
1,762
|
2,036
|
2,127
|
2,579
|
2,254
|
EBIT
1 |
877.8
|
580.7
|
718.3
|
1,170
|
1,219
|
1,012
|
1,165
|
1,203
|
Operating Margin
|
11.3%
|
7.06%
|
7.53%
|
8.46%
|
9.13%
|
7.38%
|
7.67%
|
7.78%
|
Earnings before Tax (EBT)
1 |
883.5
|
579.2
|
748
|
1,152
|
1,216
|
1,118
|
1,486
|
1,029
|
Net income
1 |
801.2
|
543.7
|
708.5
|
1,167
|
1,297
|
939.3
|
1,430
|
1,045
|
Net margin
|
10.31%
|
6.61%
|
7.43%
|
8.44%
|
9.72%
|
6.85%
|
9.41%
|
6.76%
|
EPS
2 |
1.060
|
0.7200
|
0.9400
|
1.550
|
1.710
|
1.300
|
1.384
|
1.371
|
Free Cash Flow
1 |
-35.14
|
-468.3
|
-546.9
|
-633.7
|
-740.6
|
416.5
|
973
|
952
|
FCF margin
|
-0.45%
|
-5.7%
|
-5.73%
|
-4.58%
|
-5.55%
|
3.04%
|
6.4%
|
6.16%
|
FCF Conversion (EBITDA)
|
-
|
-
|
-
|
-
|
-
|
19.58%
|
37.73%
|
42.23%
|
FCF Conversion (Net income)
|
-
|
-
|
-
|
-
|
-
|
44.34%
|
68.02%
|
91.13%
|
Dividend per Share
2 |
0.3180
|
0.2160
|
0.2810
|
0.4620
|
0.5140
|
0.3847
|
0.4525
|
0.4390
|
Announcement Date
|
27/03/20
|
26/03/21
|
10/03/22
|
08/03/23
|
28/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2020 S2
|
2021 Q4
|
2021 S2
|
2022 Q1
|
2022 Q2
|
2022 Q3
|
2022 Q4
|
2022 S2
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
---|
Net sales
1 |
4,450
|
3,407
|
4,815
|
2,748
|
5,184
|
2,982
|
3,410
|
3,851
|
3,588
|
7,439
|
3,195
|
3,720
|
3,114
|
3,323
|
2,387
|
3,506
|
3,536
|
3,617
|
EBITDA
|
563.8
|
-
|
-
|
428.8
|
-
|
-
|
-
|
537.8
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
|
396.3
|
-
|
306.2
|
130.3
|
-
|
220.6
|
337.2
|
365.7
|
256.4
|
579.6
|
245.9
|
392.6
|
211.2
|
327.1
|
41.3
|
-
|
-
|
-
|
Operating Margin
|
8.9%
|
-
|
6.36%
|
4.74%
|
-
|
7.4%
|
9.89%
|
9.5%
|
7.15%
|
7.79%
|
7.69%
|
10.55%
|
6.78%
|
9.84%
|
1.73%
|
-
|
-
|
-
|
Earnings before Tax (EBT)
1 |
401.1
|
-
|
304.9
|
131.1
|
231.5
|
-
|
337.9
|
354.5
|
247
|
-
|
243.4
|
437.6
|
211.4
|
324
|
45.04
|
234
|
256
|
220
|
Net income
1 |
364.4
|
262.6
|
281.1
|
144.4
|
227.6
|
-
|
321.8
|
350
|
295
|
-
|
241
|
366
|
273.6
|
472.2
|
57.92
|
216
|
235
|
202
|
Net margin
|
8.19%
|
7.71%
|
5.84%
|
5.25%
|
4.39%
|
-
|
9.44%
|
9.09%
|
8.22%
|
-
|
7.54%
|
9.84%
|
8.78%
|
14.21%
|
2.43%
|
6.16%
|
6.65%
|
5.58%
|
EPS
2 |
0.4800
|
-
|
0.3700
|
0.2000
|
0.3000
|
0.2700
|
0.4200
|
0.4700
|
0.3900
|
0.8600
|
0.3200
|
0.4800
|
0.3600
|
0.5500
|
-
|
0.3300
|
0.3050
|
0.2400
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
27/03/20
|
28/08/20
|
26/03/21
|
10/03/22
|
10/03/22
|
29/04/22
|
27/08/22
|
28/10/22
|
08/03/23
|
08/03/23
|
28/04/23
|
25/08/23
|
30/10/23
|
28/03/24
|
30/04/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
1,257
|
2,115
|
3,971
|
3,453
|
3,672
|
3,700
|
Net Cash position
1 |
1,146
|
290
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
-
|
-
|
1.144
x
|
1.2
x
|
1.95
x
|
1.624
x
|
1.424
x
|
1.641
x
|
Free Cash Flow
1 |
-35.1
|
-468
|
-547
|
-634
|
-741
|
417
|
973
|
952
|
ROE (net income / shareholders' equity)
|
9.46%
|
6.13%
|
7.53%
|
11.8%
|
12.1%
|
6.82%
|
7.78%
|
7.3%
|
ROA (Net income/ Total Assets)
|
6.01%
|
3.67%
|
1.27%
|
4.89%
|
4.52%
|
3.34%
|
3.39%
|
3.49%
|
Assets
1 |
13,331
|
14,816
|
55,788
|
23,841
|
28,673
|
28,165
|
42,258
|
29,933
|
Book Value Per Share
2 |
11.60
|
11.90
|
12.90
|
13.40
|
14.90
|
15.50
|
16.70
|
17.70
|
Cash Flow per Share
2 |
1.110
|
0.1900
|
0.7000
|
2.110
|
2.000
|
0.9200
|
2.890
|
3.240
|
Capex
1 |
734
|
609
|
1,062
|
2,193
|
2,255
|
1,678
|
1,333
|
1,474
|
Capex / Sales
|
9.45%
|
7.41%
|
11.14%
|
15.86%
|
16.89%
|
12.23%
|
8.77%
|
9.54%
|
Announcement Date
|
27/03/20
|
26/03/21
|
10/03/22
|
08/03/23
|
28/03/24
|
-
|
-
|
-
|
Last Close Price
8.431
CNY Average target price
9.438
CNY Spread / Average Target +11.95% Consensus |
1st Jan change
|
Capi.
|
---|
| +8.85% | 1.89B | | +6.05% | 1.01B | | -3.97% | 755M | | -14.62% | 534M | | +36.84% | 453M | | +72.44% | 365M | | -36.94% | 282M | | -24.17% | 255M | | +9.14% | 177M | | +22.01% | 68.08M |
Fiber Optic Cable Manufacturing
|