| 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 | 21 226 | 20 660 | 34 513 | 32 109 | 34 195 | 37 068 | | Operating income (EBITDA) | 5 876 | 5 955 | 7 372 | 7 290 | 7 179 | 6 389 | | Operating profit (EBIT) | 5 605 | 5 602 | 6 942 | 6 763 | 6 642 | 6 318 | | Pre-Tax Profit (EBT) | 8 645 | 7 103 | 9 899 | 6 670 | 6 802 | 7 797 | | Net income | 6 310 | 5 348 | 6 977 | 4 637 | 4 278 | 4 499 | | EPS ( HKD) | 4,33 | 3,68 | 4,82 | 3,20 | 3,10 | 3,24 | | Dividend per Share ( HKD) | 0,87 | 0,87 | 0,95 | 0,95 | 0,99 | 1,03 | | Yield | 2,54% | 2,54% | 2,77% | 2,77% | 2,89% | 3,01% | | Announcement Date | 03/25/2011 08:59am | 03/15/2012 04:59am | 03/14/2013 04:03am | - | - | - |
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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 | 10 211 | 11 950 | 15 867 | 18 195 | 20 817 | 24 364 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 5 876 | 5 955 | 7 372 | 7 290 | 7 179 | 6 389 | Leverage (Debt/EBITDA) | 1,74x | 2,01x | 2,15x | 2,50x | 2,90x | 3,81x | | Capital Expenditure | 4 166 | 4 081 | 10 260 | 7 786 | 4 301 | 3 873 | | Book Value Per Share (BVPS) | 40,2 HKD | 44,4 HKD | 49,2 HKD | 51,0 HKD | 53,3 HKD | 55,3 HKD | | Cash Flow per Share | 4,04 HKD | 1,17 HKD | 7,72 HKD | -1,97 HKD | 4,50 HKD | 3,87 HKD | | Announcement Date | 03/25/2011 08:59am | 03/15/2012 04:59am | 03/14/2013 04:03am | - | - | - |
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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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10,7x |
11,1x |
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Capitalization / Revenue
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1,54x |
1,44x |
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EV / Revenue
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2,10x |
2,05x |
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EV / EBITDA
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9,27x |
9,78x |
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Yield (DPS / Price)
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2,77% |
2,89% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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21,1% |
19,4% |
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operating laverage (Delta EBIT / Delta Sales)
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-0,37x |
- |
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Net Margin (Net Profit / Revenue)
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14,4% |
12,5% |
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ROA (Net Profit / Asset)
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3,64% |
3,20% |
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ROE (Net Profit / Equities)
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6,41% |
5,73% |
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Rate of Dividend
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29,7% |
31,9% |
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