Stock 983 SOCAM DEVELOPMENT LIMITED
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Financials SOCAM Development Limited

Equities

983

BMG8249T1036

Construction & Engineering

Delayed Hong Kong S.E.
Other stock markets
 21:53:21 2024-06-26 EDT 		5-day change 1st Jan Change
0.54 HKD -3.57% Intraday chart for SOCAM Development Limited +1.89% -26.03%
04-30 SOCAM Development to Hike Stake in Subsidiary MT
03-27 SOCAM Development Limited Reports Earnings Results for the Full Year Ended December 31, 2023 CI

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 730.4 969.7 494.2 479.2 422 272.5
Enterprise Value (EV) 1 3,420 2,670 2,555 2,482 2,494 2,825
P/E ratio -6.13 x 142 x 9.49 x 6.4 x -1.82 x -1.76 x
Yield - - - 5.47% - -
Capitalization / Revenue 0.12 x 0.17 x 0.09 x 0.09 x 0.07 x 0.03 x
EV / Revenue 0.56 x 0.48 x 0.45 x 0.47 x 0.39 x 0.34 x
EV / EBITDA 18.3 x 6.74 x 6.44 x 5.57 x 5.54 x 7.39 x
EV / FCF 5.2 x 4.42 x -6.35 x 78.5 x 8.54 x -11.2 x
FCF Yield 19.2% 22.6% -15.8% 1.27% 11.7% -8.93%
Price to Book 0.25 x 0.35 x 0.16 x 0.15 x 0.16 x 0.11 x
Nbr of stocks (in thousands) 384,410 374,396 374,396 374,396 373,452 373,346
Reference price 2 1.900 2.590 1.320 1.280 1.130 0.7300
Announcement Date 4/25/19 4/24/20 4/28/21 4/27/22 4/26/23 4/25/24
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 6,143 5,600 5,700 5,292 6,338 8,364
EBITDA 1 187 396 397 446 450 382
EBIT 1 174 382 380 427 428 359
Operating Margin 2.83% 6.82% 6.67% 8.07% 6.75% 4.29%
Earnings before Tax (EBT) 1 -19 256 270 253 -40 -13
Net income 1 -139 7 52 76 -232 -155
Net margin -2.26% 0.12% 0.91% 1.44% -3.66% -1.85%
EPS 2 -0.3100 0.0183 0.1390 0.2000 -0.6203 -0.4155
Free Cash Flow 1 658.2 603.4 -402.5 31.62 292.1 -252.2
FCF margin 10.72% 10.77% -7.06% 0.6% 4.61% -3.02%
FCF Conversion (EBITDA) 352.01% 152.37% - 7.09% 64.92% -
FCF Conversion (Net income) - 8,619.64% - 41.61% - -
Dividend per Share - - - 0.0700 - -
Announcement Date 4/25/19 4/24/20 4/28/21 4/27/22 4/26/23 4/25/24
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 2,690 1,700 2,061 2,003 2,072 2,552
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 14.39 x 4.293 x 5.191 x 4.491 x 4.604 x 6.681 x
Free Cash Flow 1 658 603 -403 31.6 292 -252
ROE (net income / shareholders' equity) -2.47% 2.63% 4.39% 5.08% -3.77% -2.69%
ROA (Net income/ Total Assets) 0.96% 2.38% 2.48% 2.76% 2.86% 2.46%
Assets 1 -14,461 293.8 2,100 2,753 -8,105 -6,312
Book Value Per Share 2 7.520 7.490 8.370 8.720 7.040 6.350
Cash Flow per Share 2 3.220 3.620 2.940 3.010 2.910 1.750
Capex 1 22 8 22 10 19 11
Capex / Sales 0.36% 0.14% 0.39% 0.19% 0.3% 0.13%
Announcement Date 4/25/19 4/24/20 4/28/21 4/27/22 4/26/23 4/25/24
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

Company calendar

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Other Construction & Engineering
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