BRIGHT SMART SECURITIES & COMMODITIES GROUP LIMITED Financials Bright Smart Securities & Commodities Group Limited
Equities
1428
KYG1644A1004
Investment Banking & Brokerage Services
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.77 HKD | +2.91% |
|
+4.73% | +22.92% |
| 04-09 | Bright Smart Securities Posts 10% Profit Drop for 2023/24 | MT |
| 01-16 | Banks, Brokerages Scrap Charges for Hong Kong Airport Operator's HK$5 Billion Bond Sale | MT |
Valuation
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 4,243 | 3,327 | 1,494 | 3,598 | 2,376 | 2,342 |
| Enterprise Value (EV) 1 | 11,898 | 6,562 | 4,145 | 14,613 | 7,070 | 6,244 |
| P/E ratio | 8.22 x | 7.54 x | 3.17 x | 5.11 x | 4.23 x | 3.77 x |
| Yield | 3.64% | 3.98% | 31.8% | 6.13% | 7.14% | 36.2% |
| Capitalization / Revenue | 4.44 x | 3.73 x | 1.55 x | 2.8 x | 2.15 x | 2.15 x |
| EV / Revenue | 12.5 x | 7.35 x | 4.3 x | 11.4 x | 6.4 x | 5.74 x |
| EV / EBITDA | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - |
| Price to Book | 1.61 x | 1.14 x | 0.79 x | 1.69 x | 0.96 x | 1.35 x |
| Nbr of stocks (in thousands) | 1,697,296 | 1,697,296 | 1,697,296 | 1,697,296 | 1,697,296 | 1,697,296 |
| Reference price 2 | 2.500 | 1.960 | 0.8800 | 2.120 | 1.400 | 1.380 |
| Announcement Date | 18-05-30 | 19-07-04 | 20-07-17 | 21-07-15 | 22-07-15 | 23-07-14 |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 955.2 | 892.9 | 963.3 | 1,285 | 1,105 | 1,088 |
| EBITDA | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | 600.6 | 499.2 | 528.9 | 817.2 | 656.2 | 692.2 |
| Net income 1 | 516.1 | 440.9 | 471 | 703.9 | 561.5 | 620.6 |
| Net margin | 54.03% | 49.38% | 48.89% | 54.8% | 50.83% | 57.05% |
| EPS 2 | 0.3041 | 0.2598 | 0.2775 | 0.4147 | 0.3308 | 0.3656 |
| Free Cash Flow | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share 2 | 0.0910 | 0.0780 | 0.2800 | 0.1300 | 0.1000 | 0.5000 |
| Announcement Date | 18-05-30 | 19-07-04 | 20-07-17 | 21-07-15 | 22-07-15 | 23-07-14 |
1HKD in Million2HKD
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 7,654 | 3,236 | 2,652 | 11,015 | 4,693 | 3,901 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 21.3% | 15.9% | 19.5% | 34.9% | 24.4% | 29.5% |
| ROA (Net income/ Total Assets) | 4.88% | 4.3% | 6.58% | 6.31% | 4.38% | 7.09% |
| Assets 1 | 10,581 | 10,245 | 7,155 | 11,159 | 12,814 | 8,749 |
| Book Value Per Share 2 | 1.550 | 1.720 | 1.120 | 1.260 | 1.460 | 1.020 |
| Cash Flow per Share 2 | 0.3000 | 0.2400 | 0.2800 | 0.2500 | 0.3100 | 0.3000 |
| Capex 1 | 15.6 | 36.4 | 4.94 | 16.7 | 7.97 | 15.3 |
| Capex / Sales | 1.64% | 4.07% | 0.51% | 1.3% | 0.72% | 1.41% |
| Announcement Date | 18-05-30 | 19-07-04 | 20-07-17 | 21-07-15 | 22-07-15 | 23-07-14 |
1HKD in Million2HKD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +22.92% | 384M | |
| -6.62% | 28.64B | |
| -6.72% | 15.89B | |
| +7.26% | 14.55B | |
| +44.89% | 12.86B | |
| -17.22% | 11.83B | |
| -2.76% | 9.16B | |
| -11.62% | 7.14B | |
| +11.31% | 6.17B | |
| -4.45% | 5.72B |
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