Financials Kowloon Development Company Limited

Equities

34

HK0034000254

Real Estate Development & Operations

Market Closed - Hong Kong S.E. 04:08:22 2024-05-10 EDT 5-day change 1st Jan Change
5.65 HKD -1.91% Intraday chart for Kowloon Development Company Limited +3.86% -4.40%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 9,695 11,496 9,531 12,119 8,695 6,954
Enterprise Value (EV) 1 28,228 23,198 20,909 26,959 31,782 29,582
P/E ratio 4.42 x 4.69 x 11.9 x 5.49 x 7.16 x 20.6 x
Yield 8.74% 7.98% 9.88% 7.96% 11.2% 14%
Capitalization / Revenue 3.41 x 0.99 x 2.03 x 5.91 x 1.9 x 2.36 x
EV / Revenue 9.93 x 2 x 4.44 x 13.1 x 6.94 x 10.1 x
EV / EBITDA 13.9 x 6.11 x 13.5 x 31.9 x 18.8 x 34 x
EV / FCF -6.16 x 3.46 x 12.9 x -18.9 x -4.49 x 46.9 x
FCF Yield -16.2% 28.9% 7.74% -5.28% -22.3% 2.13%
Price to Book 0.38 x 0.42 x 0.55 x 0.64 x 0.47 x 0.39 x
Nbr of stocks (in thousands) 1,176,631 1,176,631 1,176,631 1,176,631 1,176,631 1,176,631
Reference price 2 8.240 9.770 8.100 10.30 7.390 5.910
Announcement Date 19-04-26 20-04-28 21-04-27 22-04-26 23-04-25 24-04-25
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,842 11,624 4,706 2,050 4,582 2,943
EBITDA 1 2,031 3,795 1,548 844.3 1,692 870.6
EBIT 1 1,998 3,513 1,508 830.1 1,679 858.7
Operating Margin 70.31% 30.22% 32.03% 40.49% 36.65% 29.18%
Earnings before Tax (EBT) 1 2,724 3,173 835.6 2,335 1,647 492.7
Net income 1 2,193 2,450 800.9 2,209 1,215 337.2
Net margin 77.16% 21.08% 17.02% 107.74% 26.52% 11.46%
EPS 2 1.864 2.082 0.6806 1.877 1.033 0.2866
Free Cash Flow 1 -4,583 6,712 1,618 -1,424 -7,080 631.2
FCF margin -161.25% 57.74% 34.37% -69.47% -154.51% 21.45%
FCF Conversion (EBITDA) - 176.88% 104.5% - - 72.51%
FCF Conversion (Net income) - 273.98% 201.99% - - 187.2%
Dividend per Share 2 0.7200 0.7800 0.8000 0.8200 0.8300 0.8300
Announcement Date 19-04-26 20-04-28 21-04-27 22-04-26 23-04-25 24-04-25
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 18,533 11,702 11,378 14,840 23,087 22,628
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 9.123 x 3.084 x 7.35 x 17.58 x 13.64 x 25.99 x
Free Cash Flow 1 -4,583 6,712 1,618 -1,424 -7,080 631
ROE (net income / shareholders' equity) 9.13% 8.71% 2.46% 12.1% 6.43% 1.8%
ROA (Net income/ Total Assets) 2.34% 4.01% 2.19% 1.26% 2.19% 1.12%
Assets 1 93,555 61,138 36,651 175,060 55,502 30,000
Book Value Per Share 2 21.80 23.00 14.80 16.10 15.70 15.00
Cash Flow per Share 2 0.9100 2.770 0.9600 0.8900 0.7300 0.9200
Capex 1 10.9 47.3 14.9 5.22 2.42 2.21
Capex / Sales 0.38% 0.41% 0.32% 0.25% 0.05% 0.08%
Announcement Date 19-04-26 20-04-28 21-04-27 22-04-26 23-04-25 24-04-25
1HKD in Million2HKD
Estimates
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