Financials Vinda International Holdings Limited

Equities

3331

KYG9361V1086

Personal Products

Market Closed - Hong Kong S.E. 04:08:08 2024-04-02 EDT 5-day change 1st Jan Change
23.45 HKD 0.00% Intraday chart for Vinda International Holdings Limited 0.00% +3.08%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 16,947 25,369 22,824 27,675 27,375 28,217 -
Enterprise Value (EV) 1 20,642 29,351 27,576 31,112 30,388 29,674 25,854
P/E ratio 14.9 x 13.5 x 13.9 x 39.2 x 108 x - -
Yield 1.97% 2.22% 2.11% 1.74% - 1.17% 2.07%
Capitalization / Revenue 1.05 x 1.54 x 1.22 x 1.43 x 1.37 x 1.25 x 1.14 x
EV / Revenue 1.28 x 1.78 x 1.48 x 1.6 x 1.52 x 1.31 x 1.04 x
EV / EBITDA 7.71 x 8.15 x 8.38 x 14.8 x 17.2 x 10.7 x 6.67 x
EV / FCF 16,300,842 x 95,573,931 x 30,953,737 x 31,699,711 x 36,780,450 x - -
FCF Yield 0% 0% 0% 0% 0% - -
Price to Book 1.79 x 2.17 x 1.75 x 2.31 x 2.1 x 2.2 x 1.95 x
Nbr of stocks (in thousands) 1,195,103 1,199,474 1,201,265 1,203,275 1,203,285 1,203,285 -
Reference price 2 14.18 21.15 19.00 23.00 22.75 23.45 23.45
Announcement Date 20-01-21 21-01-26 22-01-25 23-01-25 24-01-24 - -
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 16,074 16,512 18,676 19,418 19,999 22,598 24,794
EBITDA 1 2,678 3,601 3,292 2,104 1,768 2,779 3,873
EBIT 1 1,570 2,453 2,043 806.5 424 1,391 2,324
Operating Margin 9.76% 14.85% 10.94% 4.15% 2.12% 6.16% 9.37%
Earnings before Tax (EBT) 1,371 2,326 1,950 746.9 287.6 - -
Net income 1,138 1,874 1,638 706 253.2 - -
Net margin 7.08% 11.35% 8.77% 3.64% 1.27% - -
EPS 0.9520 1.562 1.363 0.5870 0.2100 - -
Free Cash Flow 1,266 307.1 890.9 981.4 826.2 - -
FCF margin 7.88% 1.86% 4.77% 5.05% 4.13% - -
FCF Conversion (EBITDA) 47.29% 8.53% 27.06% 46.65% 46.73% - -
FCF Conversion (Net income) 111.25% 16.38% 54.38% 139.01% 326.37% - -
Dividend per Share 2 0.2800 0.4700 0.4000 0.4000 - 0.2745 0.4858
Announcement Date 20-01-21 21-01-26 22-01-25 23-01-25 24-01-24 - -
1HKD in Million2HKD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 S1 2022 S2 2023 S1 2023 S2
Net sales 1 4,106 5,486 - 9,737 - 9,929
EBITDA 1 - 800 - - - -
EBIT 1 - 478.5 - 49.6 - 286.6
Operating Margin - 8.72% - 0.51% - 2.89%
Earnings before Tax (EBT) - - - 15.18 - -
Net income 266 - 637.7 68.32 120.6 132.5
Net margin 6.48% - - 0.7% - 1.33%
EPS - - 0.5300 - 0.1000 -
Dividend per Share - - - - - -
Announcement Date 21-10-22 22-01-25 22-08-19 23-01-25 23-07-19 24-01-24
1HKD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 3,696 3,982 4,752 3,436 3,014 1,457 -
Net Cash position 1 - - - - - - 2,363
Leverage (Debt/EBITDA) 1.38 x 1.106 x 1.444 x 1.633 x 1.704 x 0.5242 x -
Free Cash Flow 1,266 307 891 981 826 - -
ROE (net income / shareholders' equity) 12.5% 17.7% 13.3% 5.64% 2.02% 8.89% 14.3%
ROA (Net income/ Total Assets) 5.94% 8.84% 6.93% 2.91% 1.09% 5.82% 9.13%
Assets 19,175 21,202 23,651 24,238 23,219 - -
Book Value Per Share 2 7.920 9.730 10.80 9.980 10.80 10.70 12.00
Cash Flow per Share 2.100 1.670 2.200 1.730 1.620 - -
Capex 1,247 1,697 1,755 1,100 1,118 - -
Capex / Sales 7.76% 10.28% 9.4% 5.66% 5.59% - -
Announcement Date 20-01-21 21-01-26 22-01-25 23-01-25 24-01-24 - -
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
23.45 HKD
Average target price
25.3 HKD
Spread / Average Target
+7.89%
Consensus

Quarterly revenue - Rate of surprise

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