KA SHUI INTERNATIONAL HOLDINGS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.285 HKD | +1.79% |
|
-8.06% | -25.97% |
| 03-26 | Ka Shui International Holdings Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 03-19 | Ka Shui International Warns of Losses in 2023 | MT |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 312.8 | 339.6 | 643.5 | 706.1 | 464.8 | 344.1 |
| Enterprise Value (EV) 1 | 386.9 | 348 | 559.7 | 587.5 | 315.8 | 254.6 |
| P/E ratio | 2.75 x | 3.83 x | 5.19 x | 5.38 x | 6.21 x | -12.1 x |
| Yield | 10% | 5.26% | 5.56% | 5.06% | 4.42% | - |
| Capitalization / Revenue | 0.17 x | 0.22 x | 0.44 x | 0.41 x | 0.31 x | 0.27 x |
| EV / Revenue | 0.21 x | 0.22 x | 0.38 x | 0.34 x | 0.21 x | 0.2 x |
| EV / EBITDA | 1.7 x | 1.75 x | 2.39 x | 2.51 x | 1.88 x | 5.02 x |
| EV / FCF | 13.8 x | 3.8 x | 6.72 x | 14.4 x | 3.96 x | 6.02 x |
| FCF Yield | 7.25% | 26.3% | 14.9% | 6.96% | 25.3% | 16.6% |
| Price to Book | 0.33 x | 0.34 x | 0.55 x | 0.55 x | 0.36 x | 0.28 x |
| Nbr of stocks (in thousands) | 893,761 | 893,761 | 893,761 | 893,761 | 893,761 | 893,761 |
| Reference price 2 | 0.3500 | 0.3800 | 0.7200 | 0.7900 | 0.5200 | 0.3850 |
| Announcement Date | 19-04-18 | 20-04-29 | 21-04-21 | 22-04-26 | 23-04-26 | 24-04-25 |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,852 | 1,554 | 1,469 | 1,715 | 1,504 | 1,282 |
| EBITDA 1 | 226.9 | 198.7 | 233.9 | 234.1 | 168 | 50.7 |
| EBIT 1 | 144.9 | 120.4 | 157.7 | 156 | 82.17 | -21.22 |
| Operating Margin | 7.82% | 7.75% | 10.73% | 9.1% | 5.46% | -1.65% |
| Earnings before Tax (EBT) 1 | 125.9 | 101.3 | 154 | 150.6 | 73.95 | -32.41 |
| Net income 1 | 113.6 | 88.7 | 124 | 131.1 | 74.84 | -28.44 |
| Net margin | 6.13% | 5.71% | 8.44% | 7.65% | 4.97% | -2.22% |
| EPS 2 | 0.1271 | 0.0992 | 0.1387 | 0.1467 | 0.0837 | -0.0318 |
| Free Cash Flow 1 | 28.04 | 91.58 | 83.24 | 40.91 | 79.84 | 42.31 |
| FCF margin | 1.51% | 5.89% | 5.67% | 2.39% | 5.31% | 3.3% |
| FCF Conversion (EBITDA) | 12.35% | 46.08% | 35.6% | 17.47% | 47.52% | 83.46% |
| FCF Conversion (Net income) | 24.69% | 103.25% | 67.14% | 31.19% | 106.68% | - |
| Dividend per Share 2 | 0.0350 | 0.0200 | 0.0400 | 0.0400 | 0.0230 | - |
| Announcement Date | 19-04-18 | 20-04-29 | 21-04-21 | 22-04-26 | 23-04-26 | 24-04-25 |
1HKD in Million2HKD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 74.1 | 8.38 | - | - | - | - |
| Net Cash position 1 | - | - | 83.8 | 119 | 149 | 89.5 |
| Leverage (Debt/EBITDA) | 0.3265 x | 0.0422 x | - | - | - | - |
| Free Cash Flow 1 | 28 | 91.6 | 83.2 | 40.9 | 79.8 | 42.3 |
| ROE (net income / shareholders' equity) | 12.4% | 8.83% | 11.2% | 10.3% | 5.33% | -2.31% |
| ROA (Net income/ Total Assets) | 5.19% | 4.49% | 5.92% | 5.52% | 2.9% | -0.77% |
| Assets 1 | 2,187 | 1,978 | 2,096 | 2,374 | 2,582 | 3,678 |
| Book Value Per Share 2 | 1.050 | 1.110 | 1.300 | 1.430 | 1.440 | 1.390 |
| Cash Flow per Share 2 | 0.2800 | 0.2900 | 0.2900 | 0.3100 | 0.2700 | 0.2200 |
| Capex 1 | 102 | 43.7 | 71.1 | 92.7 | 89.4 | 87.4 |
| Capex / Sales | 5.51% | 2.81% | 4.84% | 5.41% | 5.94% | 6.82% |
| Announcement Date | 19-04-18 | 20-04-29 | 21-04-21 | 22-04-26 | 23-04-26 | 24-04-25 |
1HKD in Million2HKD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -25.97% | 32M | |
| +6.42% | 41.04B | |
| -19.44% | 22.4B | |
| -13.76% | 13.43B | |
| -9.63% | 10.17B | |
| -8.64% | 10.01B | |
| +17.37% | 7.99B | |
| +13.39% | 7.1B | |
| -22.81% | 5.88B | |
| -28.92% | 3.39B |
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