| Income Statement Evolution | |
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| Annual Income Statement Data |
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Actuals in M HKD |
Estimates in M HKD |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Sales | 32 863 | 42 359 | 31 106 | 37 126 | 46 759 | 44 285 | | Operating income (EBITDA) | 28 745 | 48 466 | 15 499 | 15 275 | 17 105 | 22 277 | | Operating profit (EBIT) | 17 888 | 48 066 | 15 159 | 14 603 | 18 118 | 23 406 | | Pre-Tax Profit (EBT) | 28 125 | 48 092 | 33 758 | 32 135 | 36 070 | 34 775 | | Net income | 26 478 | 46 055 | 32 152 | 27 248 | 30 680 | 30 566 | | EPS ( HKD) | 11,4 | 19,9 | 13,9 | 11,8 | 13,2 | 13,2 | | Dividend per Share ( HKD) | 2,95 | 3,16 | 3,16 | 3,28 | 3,41 | 3,39 | | Yield | 2,49% | 2,66% | 2,66% | 2,77% | 2,88% | 2,86% | | Announcement Date | 03/29/2011 09:51am | 03/29/2012 08:21am | 03/26/2013 08:17am | - | - | - |
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Actuals in M HKD |
Estimates in M HKD |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 10 007 | 26 023 | 26 932 | 21 889 | 17 358 | - | | Finance | - | - | - | - | - | 1 678 | | Operating income (EBITDA) | 28 745 | 48 466 | 15 499 | 15 275 | 17 105 | 22 277 | Leverage (Debt/EBITDA) | 0,35x | 0,54x | 1,74x | 1,43x | 1,01x | - | | Capital Expenditure | 144 | 1 259 | 105 | 4 116 | 6 239 | 622 | | Book Value Per Share (BVPS) | 115 HKD | 132 HKD | 144 HKD | 154 HKD | 164 HKD | 175 HKD | | Cash Flow per Share | 3,74 HKD | -2,58 HKD | -1,39 HKD | 6,35 HKD | 5,98 HKD | 7,18 HKD | | Announcement Date | 03/29/2011 09:51am | 03/29/2012 08:21am | 03/26/2013 08:17am | - | - | - |
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Assessed data source : © 2013 Thomson Reuters |
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Valuation |
2013e |
2014e |
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PER (Price / EPS)
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10,1x |
8,97x |
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Capitalization / Revenue
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7,40x |
5,87x |
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EV / Revenue
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7,99x |
6,25x |
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EV / EBITDA
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19,4x |
17,1x |
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Yield (DPS / Price)
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2,77% |
2,88% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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39,3% |
38,7% |
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operating laverage (Delta EBIT / Delta Sales)
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- |
0,93x |
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Net Margin (Net Profit / Revenue)
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73,4% |
65,6% |
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ROA (Net Profit / Asset)
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6,41% |
6,80% |
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ROE (Net Profit / Equities)
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7,86% |
8,26% |
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Rate of Dividend
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27,9% |
25,8% |
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