Financials International Housewares Retail Company Limited

Equities

1373

KYG487291000

Home Furnishings Retailers

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 EDT 5-day change 1st Jan Change
1.29 HKD 0.00% Intraday chart for International Housewares Retail Company Limited -2.27% -20.37%

Valuation

Fiscal Period: April 2018 2019 2020 2021 2022 2023
Capitalization 1 1,143 1,487 1,370 1,973 1,902 2,080
Enterprise Value (EV) 1 730.8 1,094 1,465 2,007 1,950 2,192
P/E ratio 10.9 x 12.5 x 9.05 x 7.73 x 8.63 x 11.5 x
Yield 7.67% 6.94% 8.68% 7.33% 8.52% 6.92%
Capitalization / Revenue 0.51 x 0.63 x 0.54 x 0.73 x 0.65 x 0.74 x
EV / Revenue 0.33 x 0.47 x 0.58 x 0.75 x 0.67 x 0.78 x
EV / EBITDA 4.8 x 6.6 x 6.13 x 8.82 x 7.02 x 8.32 x
EV / FCF 27.9 x 28.3 x 3.34 x 4.75 x 3.92 x 4.91 x
FCF Yield 3.58% 3.53% 30% 21.1% 25.5% 20.4%
Price to Book 1.57 x 1.98 x 1.77 x 2.21 x 2.13 x 2.32 x
Nbr of stocks (in thousands) 719,016 721,641 721,092 722,649 720,614 719,829
Reference price 2 1.590 2.060 1.900 2.730 2.640 2.890
Announcement Date 18-08-24 19-08-26 20-08-24 21-08-23 22-08-30 23-08-28
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: April 2018 2019 2020 2021 2022 2023
Net sales 1 2,230 2,350 2,542 2,692 2,921 2,826
EBITDA 1 152.2 165.7 239 227.6 277.7 263.4
EBIT 1 122.3 136.3 207.3 196.7 246.2 231.8
Operating Margin 5.48% 5.8% 8.15% 7.31% 8.43% 8.2%
Earnings before Tax (EBT) 1 122.8 143.5 182.3 287.7 262 214
Net income 1 104.8 119.1 150.9 254.9 220.8 181.6
Net margin 4.7% 5.07% 5.94% 9.47% 7.56% 6.43%
EPS 2 0.1460 0.1650 0.2100 0.3530 0.3060 0.2510
Free Cash Flow 1 26.16 38.61 439 422.6 497.2 446.7
FCF margin 1.17% 1.64% 17.27% 15.7% 17.02% 15.81%
FCF Conversion (EBITDA) 17.18% 23.3% 183.7% 185.66% 179.02% 169.63%
FCF Conversion (Net income) 24.95% 32.43% 290.88% 165.8% 225.16% 246.05%
Dividend per Share 2 0.1220 0.1430 0.1650 0.2000 0.2250 0.2000
Announcement Date 18-08-24 19-08-26 20-08-24 21-08-23 22-08-30 23-08-28
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: April 2018 2019 2020 2021 2022 2023
Net Debt 1 - - 94.4 34.7 47.1 112
Net Cash position 1 412 393 - - - -
Leverage (Debt/EBITDA) - - 0.3952 x 0.1522 x 0.1696 x 0.4253 x
Free Cash Flow 1 26.2 38.6 439 423 497 447
ROE (net income / shareholders' equity) 14.1% 16% 20.5% 31% 24.6% 20.2%
ROA (Net income/ Total Assets) 7.71% 8.32% 10.1% 7.5% 8.85% 8.24%
Assets 1 1,360 1,431 1,498 3,399 2,495 2,203
Book Value Per Share 2 1.010 1.040 1.070 1.240 1.240 1.250
Cash Flow per Share 2 0.5400 0.5100 0.5100 0.6000 0.5800 0.5600
Capex 1 77.3 31.3 31.4 81.8 27.3 30.4
Capex / Sales 3.46% 1.33% 1.24% 3.04% 0.93% 1.07%
Announcement Date 18-08-24 19-08-26 20-08-24 21-08-23 22-08-30 23-08-28
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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