| 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 | 22 439 | 29 498 | 28 452 | 30 756 | 33 055 | 35 054 | | Operating income (EBITDA) | 5 709 | 6 999 | 7 738 | 8 470 | 9 175 | 9 820 | | Operating profit (EBIT) | 4 697 | 5 982 | 6 698 | 7 447 | 8 129 | 8 765 | | Pre-Tax Profit (EBT) | 4 466 | 5 894 | 6 455 | 7 124 | 7 764 | 8 815 | | Net income | 4 422 | 5 921 | 6 440 | 7 070 | 7 552 | 8 061 | | EPS ( HKD) | 0,85 | 1,14 | 1,24 | 1,36 | 1,47 | 1,56 | | Dividend per Share ( HKD) | 0,76 | 1,20 | 1,24 | 1,09 | 1,07 | 1,13 | | Yield | 3,06% | 4,84% | 5,00% | 4,39% | 4,31% | 4,55% | | Announcement Date | 02/10/2011 10:27pm | 02/07/2012 01:45am | 01/31/2013 11:27pm | - | - | - |
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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 | 1 131 | - | 1 826 | - | 2 317 | 4 588 | | Finance | - | 353 | - | 1 679 | - | - | | Operating income (EBITDA) | 5 709 | 6 999 | 7 738 | 8 470 | 9 175 | 9 820 | Leverage (Debt/EBITDA) | 0,20x | - | 0,24x | - | 0,25x | 0,47x | | Capital Expenditure | 963 | 445 | 1 099 | 4 121 | 7 021 | 8 224 | | Book Value Per Share (BVPS) | 0,83 HKD | 0,78 HKD | 2,02 HKD | 1,79 HKD | 2,14 HKD | 2,65 HKD | | Cash Flow per Share | 1,33 HKD | 1,82 HKD | 1,37 HKD | 1,67 HKD | 1,80 HKD | 1,90 HKD | | Announcement Date | 02/10/2011 10:27pm | 02/07/2012 01:45am | 01/31/2013 11:27pm | - | - | - |
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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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18,2x |
16,8x |
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Capitalization / Revenue
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4,18x |
3,89x |
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EV / Revenue
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4,13x |
3,96x |
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EV / EBITDA
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15,0x |
14,3x |
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Yield (DPS / Price)
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4,39% |
4,31% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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24,2% |
24,6% |
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operating laverage (Delta EBIT / Delta Sales)
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1,38x |
1,22x |
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Net Margin (Net Profit / Revenue)
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23,0% |
22,8% |
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ROA (Net Profit / Asset)
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31,0% |
28,3% |
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ROE (Net Profit / Equities)
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84,4% |
78,1% |
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Rate of Dividend
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79,9% |
72,5% |
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