Financials Sun Hing Printing Holdings Limited

Equities

1975

KYG8587B1023

Commercial Printing Services

Market Closed - Hong Kong S.E. 04:08:07 2024-05-09 EDT 5-day change 1st Jan Change
0.345 HKD +1.47% Intraday chart for Sun Hing Printing Holdings Limited -1.43% -41.53%

Valuation

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Capitalization 1 456 244.8 180 312 297.6 369.6
Enterprise Value (EV) 1 266.9 70.15 -4.845 118.7 189 169.8
P/E ratio 45.8 x 7.59 x 4.01 x 4.01 x 2.57 x 4.77 x
Yield 3.16% 6.86% 12% 8.46% 13.9% 8.44%
Capitalization / Revenue 1.69 x 0.87 x 0.58 x 0.82 x 0.45 x 0.69 x
EV / Revenue 0.99 x 0.25 x -0.02 x 0.31 x 0.29 x 0.32 x
EV / EBITDA 7.27 x 1.49 x -0.07 x 1.22 x 1.19 x 1.31 x
EV / FCF -2,155 x -60.4 x -0.06 x 4.26 x 2.48 x 4.38 x
FCF Yield -0.05% -1.65% -1,543% 23.4% 40.3% 22.9%
Price to Book 1.57 x 0.82 x 0.56 x 0.81 x 0.64 x 0.76 x
Nbr of stocks (in thousands) 480,000 480,000 480,000 480,000 480,000 480,000
Reference price 2 0.9500 0.5100 0.3750 0.6500 0.6200 0.7700
Announcement Date 18-10-30 19-10-29 20-10-28 21-10-28 22-10-27 23-10-27
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net sales 1 270.2 282 311.8 380.1 657.7 534.4
EBITDA 1 36.71 47.17 67.92 97.36 159.4 129.4
EBIT 1 27.87 37.56 59.9 88.31 148.3 107.3
Operating Margin 10.31% 13.32% 19.21% 23.23% 22.55% 20.08%
Earnings before Tax (EBT) 1 15.45 41.01 53.75 93.78 142.3 104
Net income 1 9.017 32.25 44.85 77.83 115.8 77.49
Net margin 3.34% 11.44% 14.38% 20.48% 17.6% 14.5%
EPS 2 0.0207 0.0672 0.0934 0.1622 0.2412 0.1614
Free Cash Flow 1 -0.1239 -1.161 74.76 27.82 76.28 38.81
FCF margin -0.05% -0.41% 23.97% 7.32% 11.6% 7.26%
FCF Conversion (EBITDA) - - 110.08% 28.58% 47.85% 29.99%
FCF Conversion (Net income) - - 166.67% 35.75% 65.88% 50.09%
Dividend per Share 2 0.0300 0.0350 0.0450 0.0550 0.0860 0.0650
Announcement Date 18-10-30 19-10-29 20-10-28 21-10-28 22-10-27 23-10-27
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 189 175 185 193 109 200
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -0.12 -1.16 74.8 27.8 76.3 38.8
ROE (net income / shareholders' equity) 4.33% 11% 14.4% 22% 27.2% 16.2%
ROA (Net income/ Total Assets) 6.63% 6.93% 9.95% 12.3% 15.3% 9.46%
Assets 1 136.1 465.3 450.9 635.3 755.4 819.1
Book Value Per Share 2 0.6000 0.6200 0.6700 0.8000 0.9700 1.020
Cash Flow per Share 2 0.3900 0.3600 0.4300 0.4200 0.4900 0.6400
Capex 1 14.2 10.8 17 13.5 66.7 93.8
Capex / Sales 5.27% 3.83% 5.47% 3.55% 10.15% 17.54%
Announcement Date 18-10-30 19-10-29 20-10-28 21-10-28 22-10-27 23-10-27
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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