Financials Macau Legend Development Limited

Equities

1680

KYG573611004

Casinos & Gaming

Market Closed - Hong Kong S.E. 04:09:00 2024-05-03 EDT 5-day change 1st Jan Change
0.179 HKD +2.87% Intraday chart for Macau Legend Development Limited +7.83% -4.28%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 8,524 6,782 6,015 3,845 2,480 1,160
Enterprise Value (EV) 1 9,130 7,262 7,932 6,202 5,031 3,741
P/E ratio 4.34 x -35.8 x -3.08 x -3.23 x -4.09 x -236 x
Yield - - - - - -
Capitalization / Revenue 4.57 x 2.87 x 8.58 x 3.39 x 3.49 x 1.29 x
EV / Revenue 4.89 x 3.08 x 11.3 x 5.46 x 7.07 x 4.15 x
EV / EBITDA 33 x 27.7 x -15.5 x -16 x -17.3 x 29.7 x
EV / FCF -27.8 x 19.8 x -9.41 x -80.1 x -17.3 x -20.8 x
FCF Yield -3.6% 5.04% -10.6% -1.25% -5.77% -4.8%
Price to Book 1.11 x 0.91 x 1.09 x 0.89 x 0.67 x 0.31 x
Nbr of stocks (in thousands) 6,267,576 6,222,111 6,201,187 6,201,187 6,201,187 6,201,187
Reference price 2 1.360 1.090 0.9700 0.6200 0.4000 0.1870
Announcement Date 19-04-26 20-04-23 21-04-15 22-07-15 23-04-27 24-04-24
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,865 2,360 700.7 1,136 711.6 901.6
EBITDA 1 276.4 261.7 -512.8 -387.1 -290.7 126.1
EBIT 1 -114.6 -136.8 -933.9 -803.8 -658.2 -204.9
Operating Margin -6.15% -5.8% -133.28% -70.78% -92.5% -22.72%
Earnings before Tax (EBT) 1 2,451 -139.4 -1,864 -1,118 -755.4 -408.9
Net income 1 1,966 -190.3 -1,955 -1,190 -607.2 -4.921
Net margin 105.4% -8.06% -279.02% -104.83% -85.33% -0.55%
EPS 2 0.3137 -0.0305 -0.3151 -0.1920 -0.0979 -0.000793
Free Cash Flow 1 -328.7 366.1 -843.3 -77.47 -290.2 -179.6
FCF margin -17.62% 15.51% -120.35% -6.82% -40.78% -19.92%
FCF Conversion (EBITDA) - 139.86% - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 19-04-26 20-04-23 21-04-15 22-07-15 23-04-27 24-04-24
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 606 480 1,917 2,358 2,550 2,582
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.191 x 1.833 x -3.738 x -6.09 x -8.773 x 20.47 x
Free Cash Flow 1 -329 366 -843 -77.5 -290 -180
ROE (net income / shareholders' equity) 28.2% -2.51% -30.1% -24.2% -15.1% -0.13%
ROA (Net income/ Total Assets) -0.63% -0.77% -5.87% -6.03% -5.44% -1.83%
Assets 1 -311,093 24,663 33,282 19,743 11,159 269.3
Book Value Per Share 2 1.230 1.200 0.8900 0.7000 0.6000 0.6000
Cash Flow per Share 2 0.2300 0.2500 0.0200 0.0200 0.0100 0.0100
Capex 1 946 331 264 53.1 42.4 16.3
Capex / Sales 50.74% 14.05% 37.72% 4.68% 5.96% 1.81%
Announcement Date 19-04-26 20-04-23 21-04-15 22-07-15 23-04-27 24-04-24
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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