KASEN INTERNATIONAL HOLDINGS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.24 HKD | 0.00% |
|
+0.42% | -18.64% |
| 03-28 | Kasen International Holdings Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 01-19 | Kasen International Gets BB+ Rating from Lianhe Ratings Global | MT |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 4,551 | 4,872 | 917.7 | 937.1 | 560.8 | 386.9 |
| Enterprise Value (EV) 1 | 4,981 | 5,555 | 1,534 | 1,478 | 922 | 578.6 |
| P/E ratio | 10.2 x | 11 x | 7.98 x | 4.26 x | 8.47 x | 5.49 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 1.26 x | 1.43 x | 0.73 x | 0.62 x | 0.65 x | 0.4 x |
| EV / Revenue | 1.38 x | 1.63 x | 1.22 x | 0.98 x | 1.07 x | 0.6 x |
| EV / EBITDA | 7.83 x | 6.83 x | 8.36 x | 5.19 x | 20.9 x | 3.57 x |
| EV / FCF | 19.6 x | -24.1 x | -5.86 x | -7.43 x | -4.44 x | 1.63 x |
| FCF Yield | 5.11% | -4.16% | -17.1% | -13.5% | -22.5% | 61.5% |
| Price to Book | 1.6 x | 1.48 x | 0.27 x | 0.26 x | 0.15 x | 0.1 x |
| Nbr of stocks (in thousands) | 1,493,637 | 1,493,637 | 1,493,637 | 1,493,637 | 1,443,142 | 1,443,142 |
| Reference price 2 | 3.047 | 3.262 | 0.6144 | 0.6274 | 0.3886 | 0.2681 |
| Announcement Date | 19-03-21 | 20-05-14 | 21-04-26 | 22-04-27 | 23-04-27 | 24-04-26 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 3,609 | 3,413 | 1,260 | 1,514 | 863.4 | 956.8 |
| EBITDA 1 | 636.3 | 812.8 | 183.4 | 284.8 | 44.05 | 161.8 |
| EBIT 1 | 565.6 | 735.3 | 107.6 | 205.8 | -16.37 | 105.8 |
| Operating Margin | 15.67% | 21.54% | 8.54% | 13.6% | -1.9% | 11.05% |
| Earnings before Tax (EBT) 1 | 599.6 | 663.6 | 156.1 | 339.8 | 77.24 | 110.7 |
| Net income 1 | 449.8 | 445 | 115 | 220 | 68.28 | 70.43 |
| Net margin | 12.46% | 13.04% | 9.12% | 14.54% | 7.91% | 7.36% |
| EPS 2 | 0.2993 | 0.2963 | 0.0770 | 0.1473 | 0.0459 | 0.0488 |
| Free Cash Flow 1 | 254.5 | -230.9 | -261.8 | -198.9 | -207.9 | 355.9 |
| FCF margin | 7.05% | -6.77% | -20.77% | -13.14% | -24.08% | 37.2% |
| FCF Conversion (EBITDA) | 40% | - | - | - | - | 219.89% |
| FCF Conversion (Net income) | 56.59% | - | - | - | - | 505.35% |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 19-03-21 | 20-05-14 | 21-04-26 | 22-04-27 | 23-04-27 | 24-04-26 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 430 | 683 | 616 | 541 | 361 | 192 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.6763 x | 0.8403 x | 3.358 x | 1.899 x | 8.199 x | 1.184 x |
| Free Cash Flow 1 | 255 | -231 | -262 | -199 | -208 | 356 |
| ROE (net income / shareholders' equity) | 14.9% | 15.3% | 2.81% | 6.01% | 1.62% | 1.75% |
| ROA (Net income/ Total Assets) | 4.19% | 6.36% | 1.07% | 2.1% | -0.17% | 1.12% |
| Assets 1 | 10,742 | 6,995 | 10,749 | 10,482 | -39,377 | 6,288 |
| Book Value Per Share 2 | 1.910 | 2.210 | 2.280 | 2.430 | 2.550 | 2.600 |
| Cash Flow per Share 2 | 0.3100 | 0.1400 | 0.2000 | 0.1900 | 0.3200 | 0.3900 |
| Capex 1 | 682 | 177 | 108 | 116 | 8.01 | 48.8 |
| Capex / Sales | 18.89% | 5.19% | 8.53% | 7.65% | 0.93% | 5.1% |
| Announcement Date | 19-03-21 | 20-05-14 | 21-04-26 | 22-04-27 | 23-04-27 | 24-04-26 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -18.64% | 44.36M | |
| -7.12% | 8.22B | |
| -7.74% | 3.61B | |
| -3.89% | 2.01B | |
| -5.67% | 1.58B | |
| -26.23% | 1.19B | |
| +22.71% | 1.08B | |
| +1.88% | 904M | |
| -5.30% | 794M | |
| +14.39% | 732M |
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