Financials Best Pacific International Holdings Limited

Equities

Market Closed - Hong Kong S.E. Other stock markets 04:09:00 2024-05-03 EDT			5-day change	1st Jan Change
2.08 ^HKD	+0.48%		-1.89%	+87.39%

04-24	Ding Baoshan Will Not Offer for Re-Election as Director of Best Pacific International Holdings Limited	CI
03-26	Best Pacific International Holdings' Profit Rises	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	2,288	1,300	2,173	1,217	1,154	2,163	-	-
Enterprise Value (EV) ¹	3,930	2,493	3,435	2,264	1,741	3,000	2,887	2,837
P/E ratio	7.61 x	5.04 x	5.41 x	4.07 x	3.33 x	4.55 x	3.78 x	2.8 x
Yield	2.64%	5.92%	9.23%	9.83%	15%	10.9%	13.1%	17.9%
Capitalization / Revenue	0.63 x	0.37 x	0.45 x	0.27 x	0.27 x	0.46 x	0.41 x	0.34 x
EV / Revenue	1.08 x	0.71 x	0.72 x	0.5 x	0.41 x	0.63 x	0.55 x	0.45 x
EV / EBITDA	5.57 x	3.43 x	4.25 x	3.73 x	2.13 x	3.41 x	2.93 x	2.5 x
EV / FCF	-34.3 x	4.84 x	12.7 x	5.55 x	-	85.7 x	-	-
FCF Yield	-2.92%	20.7%	7.9%	18%	-	1.17%	-	-
Price to Book	0.9 x	0.44 x	0.66 x	0.4 x	0.36 x	0.62 x	0.57 x	0.52 x
Nbr of stocks (in thousands)	1,039,808	1,039,808	1,039,808	1,039,808	1,039,808	1,039,808	-	-
Reference price ²	2.200	1.250	2.090	1.170	1.110	2.080	2.080	2.080
Announcement Date	20-03-25	21-03-31	22-03-28	23-03-27	24-03-25	-	-	-

¹HKD in Million²HKD

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	3,638	3,494	4,793	4,493	4,201	4,726	5,260	6,310
EBITDA ¹	705.7	727.7	807.8	606.4	815.7	880.4	987	1,136
EBIT ¹	424.7	395.7	473.8	279.3	433.6	598.1	692.8	902.4
Operating Margin	11.67%	11.32%	9.89%	6.22%	10.32%	12.66%	13.17%	14.3%
Earnings before Tax (EBT) ¹	336.6	290	456.6	316.7	385.3	503	574	-
Net income ¹	300.7	257.8	401.8	299.2	346.9	474.5	570.9	772.8
Net margin	8.27%	7.38%	8.38%	6.66%	8.26%	10.04%	10.85%	12.25%
EPS ²	0.2892	0.2479	0.3864	0.2877	0.3336	0.4574	0.5502	0.7432
Free Cash Flow ¹	-114.6	515	271.3	407.6	-	35	-	-
FCF margin	-3.15%	14.74%	5.66%	9.07%	-	0.74%	-	-
FCF Conversion (EBITDA)	-	70.77%	33.58%	67.21%	-	3.98%	-	-
FCF Conversion (Net income)	-	199.79%	67.52%	136.22%	-	7.38%	-	-
Dividend per Share ²	0.0580	0.0740	0.1930	0.1150	0.1668	0.2262	0.2726	0.3716
Announcement Date	20-03-25	21-03-31	22-03-28	23-03-27	24-03-25	-	-	-

¹HKD in Million²HKD

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	1,643	1,194	1,262	1,047	587	837	725	674
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	2.327 x	1.64 x	1.562 x	1.727 x	0.7193 x	0.9506 x	0.7341 x	0.5931 x
Free Cash Flow ¹	-115	515	271	408	-	35	-	-
ROE (net income / shareholders' equity)	12.3%	9.43%	12.9%	9.47%	11.1%	14.2%	15.8%	19.4%
ROA (Net income/ Total Assets)	5.44%	4.23%	6.88%	4.51%	5.66%	7.85%	9.08%	10.6%
Assets ¹	5,527	6,096	5,837	6,637	6,128	6,041	6,290	7,305
Book Value Per Share ²	2.440	2.820	3.160	2.920	3.090	3.340	3.620	4.010
Cash Flow per Share ²	0.3900	0.7300	-	0.7400	-	0.5800	0.7600	-
Capex ¹	522	239	225	366	-	279	295	319
Capex / Sales	14.36%	6.85%	4.69%	8.15%	-	5.9%	5.61%	5.06%
Announcement Date	20-03-25	21-03-31	22-03-28	23-03-27	24-03-25	-	-	-

¹HKD in Million²HKD

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

2.08 HKD

Average target price

1.925 HKD

Spread / Average Target

-7.45%

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