Cash flow Sundy Service Group Co. Ltd

Equities

9608

KYG8570S1049

Real Estate Services

Market Closed - Hong Kong S.E. Other stock markets 04:08:32 2024-09-20 EDT			5-day change	1st Jan Change
0.1250 ^HKD	+1.63%		-0.79%	-26.90%

08-16	Black Cat Syndicate Terminates Proposed AU$30 Million Subscription Deal with Sundy Service; Shares Rise 4%	MT
08-14	Black Cat Syndicate Limited cancelled the transaction announced on March 15, 2024	CI

3394.g-bykoZWk1GVKhdB7bWNXG-6OPX-qUS__sn-_SLhXbQ.-YWZ5sos9wfndTomuYS5ExzxXMCWhHLSpP6dpE-4LdPNiqrNvwbbAfNfeA

Published financial data: SUNDY SERVICE GROUP CO. LTD

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	222M	257M	316M	269M	262M
Total Revenues	222M	257M	316M	269M	262M
Cost of Goods Sold, Total	158M	179M	202M	211M	217M
Gross Profit	64.87M	77.86M	115M	58.06M	44.92M
Selling General & Admin Expenses, Total	19.97M	36.94M	32.24M	23.28M	25.42M
Provision for Bad Debts	-	2.58M	9.9M	1.53M	13.71M
Other Operating Expenses	-166K	-1.44M	435K	11.36M	213K
Other Operating Expenses, Total	19.8M	38.09M	42.58M	36.17M	39.35M
Operating Income	45.07M	39.77M	71.96M	21.89M	5.57M
Interest Expense, Total	-2.77M	-521K	-29K	-50K	-18K
Interest And Investment Income	3.24M	1.37M	1.54M	3.17M	3.31M
Net Interest Expenses	474K	851K	1.52M	3.12M	3.29M
Income (Loss) On Equity Invest.	976K	266K	-356K	52K	-587K
Currency Exchange Gains (Loss)	-112K	-	1.49M	63K	127K
Other Non Operating Income (Expenses)	-	-	1.78M	12.28M	8.71M
EBT, Excl. Unusual Items	46.41M	40.89M	76.39M	37.41M	17.11M
Gain (Loss) On Sale Of Investments	-15K	-	-	2.92M	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Other Unusual Items	125K	2.64M	-	-	15K
EBT, Incl. Unusual Items	46.52M	43.52M	76.39M	40.33M	17.12M
Income Tax Expense	11.28M	10.67M	21.48M	6.53M	5.16M
Earnings From Continuing Operations	35.24M	32.85M	54.91M	33.8M	11.96M
Net Income to Company	35.24M	32.85M	54.91M	33.8M	11.96M
Minority Interest	-94K	-194K	-282K	-900K	-2.6M
Net Income - (IS)	35.14M	32.66M	54.63M	32.9M	9.36M
Net Income to Common Incl Extra Items	35.14M	32.66M	54.63M	32.9M	9.36M
Net Income to Common Excl. Extra Items	35.14M	32.66M	54.63M	32.9M	9.36M
Per Share Items
Net EPS - Basic	0.01	0.01	0.02	0.01	0
Basic EPS - Continuing Operations	0.01	0.01	0.02	0.01	0
Basic Weighted Average Shares Outstanding	2.36B	2.4B	3.16B	3.2B	3.21B
Net EPS - Diluted	0.01	0.01	0.02	0.01	0
Diluted EPS - Continuing Operations	0.01	0.01	0.02	0.01	0
Diluted Weighted Average Shares Outstanding	2.36B	2.4B	3.16B	3.2B	3.21B
Normalized Basic EPS	0.01	0.01	0.02	0.01	0
Normalized Diluted EPS	0.01	0.01	0.02	0.01	0
Supplemental Items
EBITDA	50.01M	44.96M	78.11M	27.08M	14.5M
EBITA	45.11M	39.81M	72.01M	22.34M	6.01M
EBIT	45.07M	39.77M	71.96M	21.89M	5.57M
EBITDAR	54.2M	48.34M	82.71M	31.63M	19.92M
Effective Tax Rate - (Ratio)	24.25	24.52	28.12	16.2	30.13
Current Domestic Taxes	11.29M	11.14M	23.68M	6.58M	8.53M
Total Current Taxes	11.29M	11.14M	23.68M	6.58M	8.53M
Deferred Domestic Taxes	-	-468K	-2.2M	-50K	-3.37M
Total Deferred Taxes	-7K	-468K	-2.2M	-50K	-3.37M
Normalized Net Income	28.91M	25.36M	47.46M	22.48M	8.09M
Interest on Long-Term Debt	259K	110K	29K	50K	18K
Supplemental Operating Expense Items
Selling and Marketing Expenses	770K	703K	795K	496K	1.08M
General and Administrative Expenses	19.2M	36.24M	31.44M	22.78M	24.34M
Net Rental Expense, Total	4.18M	3.39M	4.6M	4.55M	5.42M
Imputed Operating Lease Interest Expense	22.82M	6.88M	1.6M	5.81M	2.89M
Imputed Operating Lease Depreciation	-18.64M	-3.49M	3M	-1.26M	2.53M
Maintenance & Repair Expenses, Total	2.34M	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	138M	192M	318M	109M	154M
Short Term Investments	2.68M	-	-	-	-
Trading Asset Securities, Total	-	-	1.1M	-	70.2M
Total Cash And Short Term Investments	140M	192M	319M	109M	224M
Accounts Receivable, Total	24.7M	30.23M	113M	178M	202M
Other Receivables	10.87M	7.61M	4.47M	18.7M	16.52M
Notes Receivable	-	-	-	-	-
Total Receivables	35.57M	37.85M	117M	196M	219M
Inventory	284K	202K	332K	313K	379K
Restricted Cash	5.78M	8.5M	11.91M	135M	1.67M
Other Current Assets, Total	3.02M	13.78M	12.21M	21.08M	20.22M
Total Current Assets	185M	253M	461M	462M	465M
Gross Property Plant And Equipment	29.89M	32.22M	33.06M	52.58M	53.86M
Accumulated Depreciation	-5.45M	-9.63M	-14.76M	-18.65M	-27.14M
Net Property Plant And Equipment	24.44M	22.6M	18.3M	33.93M	26.73M
Long-term Investments	1.28M	1.55M	2.82M	8.16M	51.49M
Goodwill	-	-	-	1.24M	1.24M
Other Intangibles, Total	337K	285K	233K	4.58M	3.93M
Deferred Tax Assets Long-Term	3.01M	3.48M	5.68M	5.62M	8.89M
Other Long-Term Assets, Total	1.7M	734K	-	14.08M	4.65M
Total Assets	216M	281M	488M	530M	562M
Liabilities
Accounts Payable, Total	26.6M	52.25M	58.41M	79.38M	61.9M
Accrued Expenses, Total	17.47M	17.96M	19.02M	16.95M	17.74M
Current Portion of Leases	2.06M	1.12M	41K	111K	48K
Current Income Taxes Payable	10.51M	2.06M	15.56M	3.57M	3.4M
Unearned Revenue Current, Total	40.48M	34.32M	33.52M	28.34M	31.82M
Other Current Liabilities	31.13M	56.16M	51.34M	52.31M	53.93M
Total Current Liabilities	128M	164M	178M	181M	169M
Long-Term Leases	913K	8K	167K	307K	74K
Unearned Revenue Non Current	2.54M	-	-	-	-
Deferred Tax Liability Non Current	-	-	-	1M	900K
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	132M	164M	178M	182M	170M
Common Stock, Total	7K	7K	208K	208K	254K
Additional Paid In Capital	40.33M	40.33M	178M	178M	210M
Retained Earnings	76.81M	109M	164M	197M	206M
Comprehensive Income and Other	-33.81M	-33.81M	-34.25M	-33.22M	-32.26M
Total Common Equity	83.34M	116M	308M	342M	384M
Minority Interest	594K	1.28M	1.56M	5.63M	8.23M
Total Equity	83.94M	117M	310M	348M	393M
Total Liabilities And Equity	216M	281M	488M	530M	562M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.57B	4.7B	3.2B	3.2B	3.84B
ECS Total Common Shares Outstanding	2.57B	4.7B	3.2B	3.2B	3.84B
Book Value / Share	0.03	0.02	0.1	0.11	0.1
Tangible Book Value	83.01M	116M	308M	337M	379M
Tangible Book Value Per Share	0.03	0.02	0.1	0.11	0.1
Total Debt	2.98M	1.13M	208K	418K	122K
Net Debt	-137M	-191M	-319M	-109M	-224M
Debt Equivalent Oper. Leases	33.46M	27.1M	36.79M	36.38M	43.34M
Minority Interest, Total (Incl. Fin. Div)	594K	1.28M	1.56M	5.63M	8.23M
Equity Method Investments, Total	1.28M	1.55M	2.82M	8.16M	7.57M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	284K	202K	332K	313K	379K
Machinery, Total	5.01M	5.77M	7.81M	7.59M	27.42M
Full Time Employees	-	694	691	702	575
Accumulated Allowance for Doubtful Accounts (Supple)	5.27M	7.85M	16.93M	19.28M	33M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	35.14M	32.66M	54.63M	32.9M	9.36M
Depreciation & Amortization - CF	5.18M	5.39M	6.21M	4.91M	8.57M
Amortization of Goodwill and Intangible Assets - (CF)	42K	42K	42K	442K	442K
Depreciation & Amortization, Total	5.23M	5.44M	6.26M	5.35M	9.01M
Amortization of Deferred Charges, Total - (CF)	4K	10K	10K	252K	209K
(Gain) Loss From Sale Of Asset	-	-	311K	122K	1K
(Gain) Loss on Sale of Investments - (CF)	15K	-	-	-2.92M	-198K
(Income) Loss On Equity Investments - (CF)	-976K	-266K	356K	-52K	587K
Provision and Write-off of Bad Debts	465K	2.58M	9.9M	1.53M	13.71M
Other Operating Activities, Total	792K	-9.57M	10.15M	-8.32M	-10.01M
Change In Accounts Receivable	-9.74M	-15.44M	-86.23M	-92.69M	-27.31M
Change In Inventories	-257K	82K	-130K	19K	-66K
Change in Unearned Revenues	8.47M	42.22M	1.57M	6.99M	-13.52M
Change in Other Net Operating Assets	-2.19M	-2.72M	-3.4M	11.53M	-1.29M
Cash from Operations	36.96M	54.99M	-6.57M	-45.3M	-19.52M
Capital Expenditure	-2.63M	-2.75M	-3.03M	-28.8M	-1.57M
Sale of Property, Plant, and Equipment	-	-	11K	-	1.41M
Cash Acquisitions	-	-	-	4.79M	-
Sale (Purchase) of Intangible assets	-	-	-	-639K	-
Investment in Marketable and Equity Securities, Total	-400K	2.5M	-2.73M	-5.8M	-106M
Other Investing Activities, Total	37.92M	1.37M	1.54M	-134M	138M
Cash from Investing	34.9M	1.12M	-4.21M	-164M	31.92M
Long-Term Debt Repaid, Total	-1.88M	-1.86M	-1.04M	-139K	-72K
Total Debt Repaid	-1.88M	-1.86M	-1.04M	-139K	-72K
Issuance of Common Stock	40.34M	-	138M	-	31.63M
Other Financing Activities, Total	-38.59M	389K	-29K	-50K	-18K
Cash from Financing	-132K	-1.47M	137M	-189K	31.54M
Foreign Exchange Rate Adjustments	-26K	-8K	-428K	996K	949K
Net Change in Cash	71.7M	54.64M	126M	-209M	44.89M
Supplemental Items
Cash Interest Paid	311K	101K	29K	50K	18K
Cash Income Tax Paid (Refund)	9.98M	19.59M	10.19M	18.57M	8.7M
Levered Free Cash Flow	22.15M	50.79M	-18.15M	-219M	111M
Unlevered Free Cash Flow	23.87M	51.12M	-18.13M	-219M	111M
Change In Net Working Capital	6.9M	-23.56M	66.34M	209M	-100M
Net Debt Issued / Repaid	-1.88M	-1.86M	-1.04M	-139K	-72K

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	14.58	10.01	11.69	2.69	0.64
Return on Total Capital	56.37	24.21	20.99	4.16	0.94
Return On Equity %	76.74	32.65	25.7	10.27	3.23
Return on Common Equity	77.04	32.77	25.74	10.11	2.58
Margin Analysis
Gross Profit Margin %	29.16	30.33	36.22	21.62	17.12
SG&A Margin	8.97	14.39	10.19	8.67	9.69
EBITDA Margin %	22.48	17.51	24.7	10.08	5.53
EBITA Margin %	20.28	15.51	22.77	8.32	2.29
EBIT Margin %	20.26	15.49	22.76	8.15	2.12
Income From Continuing Operations Margin %	15.84	12.8	17.36	12.58	4.56
Net Income Margin %	15.8	12.72	17.27	12.25	3.57
Net Avail. For Common Margin %	15.8	12.72	17.27	12.25	3.57
Normalized Net Income Margin	12.99	9.88	15.01	8.37	3.08
Levered Free Cash Flow Margin	9.95	19.79	-5.74	-81.46	42.44
Unlevered Free Cash Flow Margin	10.73	19.91	-5.73	-81.44	42.45
Asset Turnover
Asset Turnover	1.15	1.03	0.82	0.53	0.48
Fixed Assets Turnover	8.44	10.92	15.47	10.28	8.65
Receivables Turnover (Average Receivables)	9.58	9.35	4.42	1.85	1.38
Inventory Turnover (Average Inventory)	1.01K	735.99	755.42	652.78	628.45
Short Term Liquidity
Current Ratio	1.44	1.54	2.59	2.56	2.76
Quick Ratio	1.37	1.4	2.45	1.69	2.62
Operating Cash Flow to Current Liabilities	0.29	0.34	-0.04	-0.25	-0.12
Days Sales Outstanding (Average Receivables)	38.09	39.16	82.57	197.35	264.24
Days Outstanding Inventory (Average Inventory)	0.36	0.5	0.48	0.56	0.58
Average Days Payable Outstanding	52.79	80.72	100.07	119.46	118.54
Cash Conversion Cycle (Average Days)	-14.33	-41.06	-17.01	78.45	146.28
Long Term Solvency
Total Debt/Equity	3.55	0.96	0.07	0.12	0.03
Total Debt / Total Capital	3.43	0.95	0.07	0.12	0.03
LT Debt/Equity	1.09	0.01	0.05	0.09	0.02
Long-Term Debt / Total Capital	1.05	0.01	0.05	0.09	0.02
Total Liabilities / Total Assets	61.08	58.29	36.48	34.34	30.2
EBIT / Interest Expense	16.29	76.34	2.48K	437.86	309.39
EBITDA / Interest Expense	18.18	86.77	2.7K	544.82	809.94
(EBITDA - Capex) / Interest Expense	17.23	81.5	2.59K	-31.08	722.61
Total Debt / EBITDA	0.06	0.02	0	0.02	0.01
Net Debt / EBITDA	-2.73	-4.23	-4.08	-4	-15.38
Total Debt / (EBITDA - Capex)	0.06	0.03	0	-0.27	0.01
Net Debt / (EBITDA - Capex)	-2.88	-4.5	-4.24	70.06	-17.24
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	67.34	15.39	23.19	-15.07	-2.32
Gross Profit, 1 Yr. Growth %	72.63	20.02	47.12	-49.31	-22.64
EBITDA, 1 Yr. Growth %	67.22	-10.34	80.03	-65.33	-46.45
EBITA, 1 Yr. Growth %	61.9	-11.99	88.27	-68.98	-73.09
EBIT, 1 Yr. Growth %	61.99	-12	88.37	-69.58	-74.56
Earnings From Cont. Operations, 1 Yr. Growth %	68.68	-6.77	67.14	-38.44	-64.61
Net Income, 1 Yr. Growth %	68.23	-7.07	67.27	-39.77	-71.56
Normalized Net Income, 1 Yr. Growth %	65.1	-12.51	87.15	-52.64	-64.02
Diluted EPS Before Extra, 1 Yr. Growth %	52.75	-8.81	26.93	-40.47	-71.64
Accounts Receivable, 1 Yr. Growth %	13.64	22.4	273.26	57.38	13.9
Inventory, 1 Yr. Growth %	951.85	-28.87	64.36	-5.72	21.09
Net Property, Plant and Equip., 1 Yr. Growth %	-13.55	-7.54	-19.02	85.44	-21.24
Total Assets, 1 Yr. Growth %	26.35	30.37	73.59	8.59	6.11
Tangible Book Value, 1 Yr. Growth %	1K	39.4	166.36	9.2	12.66
Common Equity, 1 Yr. Growth %	956.2	39.17	165.91	11	12.25
Cash From Operations, 1 Yr. Growth %	-24.21	48.78	-111.96	589	-56.9
Capital Expenditures, 1 Yr. Growth %	-84.95	4.57	10.34	850.02	-94.54
Levered Free Cash Flow, 1 Yr. Growth %	-57.38	159.9	-136.44	1.11K	-150.9
Unlevered Free Cash Flow, 1 Yr. Growth %	-55.06	140.31	-136.17