| 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 | 12 057 | 5 164 | 7 372 | 11 262 | 12 776 | 12 901 | | Operating income (EBITDA) | 8 549 | 3 979 | 7 925 | 8 235 | 9 307 | 9 252 | | Operating profit (EBIT) | 8 561 | 3 955 | 7 890 | 8 103 | 9 253 | 9 381 | | Pre-Tax Profit (EBT) | 29 914 | 7 269 | 10 169 | 8 341 | 9 284 | 10 174 | | Net income | 22 256 | 5 792 | 8 395 | 6 477 | 7 304 | 7 727 | | EPS ( HKD) | 5,30 | 1,31 | 1,87 | 1,42 | 1,61 | 1,73 | | Dividend per Share ( HKD) | 0,71 | 0,71 | 0,74 | 0,75 | 0,77 | 0,76 | | Yield | 2,42% | 2,42% | 2,52% | 2,56% | 2,62% | 2,58% | | Announcement Date | 07/28/2010 05:10am | 07/29/2011 06:12am | 01/31/2013 04:23am | - | - | - |
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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 | - | - | - | - | 1 176 | 673 | | Finance | 4 909 | 10 431 | 6 289 | 343 | - | - | | Operating income (EBITDA) | 8 549 | 3 979 | 7 925 | 8 235 | 9 307 | 9 252 | Leverage (Debt/EBITDA) | - | - | - | - | 0,13x | 0,07x | | Capital Expenditure | 3 666 | 6 316 | 5 328 | 7 478 | 7 387 | 6 124 | | Book Value Per Share (BVPS) | 21,2 HKD | 24,5 HKD | 26,3 HKD | 27,8 HKD | 29,0 HKD | 29,1 HKD | | Cash Flow per Share | 2,12 HKD | 0,88 HKD | 1,12 HKD | 1,70 HKD | 2,04 HKD | 2,25 HKD | | Announcement Date | 07/28/2010 05:10am | 07/29/2011 06:12am | 01/31/2013 04:23am | - | - | - |
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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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20,6x |
18,2x |
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Capitalization / Revenue
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11,7x |
10,3x |
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EV / Revenue
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11,6x |
10,4x |
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EV / EBITDA
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15,9x |
14,3x |
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Yield (DPS / Price)
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2,56% |
2,62% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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72,0% |
72,4% |
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operating laverage (Delta EBIT / Delta Sales)
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0,05x |
1,06x |
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Net Margin (Net Profit / Revenue)
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57,5% |
57,2% |
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ROA (Net Profit / Asset)
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4,18% |
4,39% |
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ROE (Net Profit / Equities)
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5,45% |
5,89% |
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Rate of Dividend
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52,8% |
47,7% |
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