Financials Asia Standard International Group Limited

Equities

129

BMG0533U2355

Investment Management & Fund Operators

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
0.41 HKD +7.89% Intraday chart for Asia Standard International Group Limited +2.50% -6.82%

Valuation

Fiscal Period: Marzo 2018 2019 2020 2021 2022 2023
Capitalization 1 2,626 2,138 1,175 1,439 950.2 844.7
Enterprise Value (EV) 1 2,729 2,875 4,512 6,152 12,150 10,497
P/E ratio 1.8 x 1.54 x 1.62 x 1.06 x -1.07 x 1.05 x
Yield 1.51% 1.67% - 2.75% - -
Capitalization / Revenue 1.5 x 0.97 x 0.49 x 0.58 x 0.38 x 0.41 x
EV / Revenue 1.56 x 1.3 x 1.9 x 2.5 x 4.84 x 5.06 x
EV / EBITDA 2.31 x 2.3 x 2.6 x 3.11 x -24.9 x 231 x
EV / FCF -53.8 x 15 x 3.62 x -48.7 x -3.89 x -10.4 x
FCF Yield -1.86% 6.68% 27.6% -2.05% -25.7% -9.65%
Price to Book 0.14 x 0.11 x 0.06 x 0.07 x 0.06 x 0.04 x
Nbr of stocks (in thousands) 1,319,782 1,319,782 1,319,782 1,319,782 1,319,782 1,319,782
Reference price 2 1.990 1.620 0.8900 1.090 0.7200 0.6400
Announcement Date 7/30/18 7/30/19 7/30/20 7/29/21 7/28/22 7/28/23
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 1,749 2,207 2,375 2,459 2,510 2,073
EBITDA 1 1,182 1,251 1,736 1,980 -487.2 45.46
EBIT 1 1,054 1,132 1,651 1,906 -573.4 -32.69
Operating Margin 60.26% 51.3% 69.5% 77.49% -22.85% -1.58%
Earnings before Tax (EBT) 1 1,524 1,487 807 1,527 -1,101 880.5
Net income 1 1,463 1,389 728 1,353 -883.6 801.4
Net margin 83.66% 62.91% 30.65% 55.02% -35.21% 38.66%
EPS 2 1.106 1.051 0.5500 1.025 -0.6700 0.6072
Free Cash Flow 1 -50.74 191.9 1,247 -126.4 -3,122 -1,013
FCF margin -2.9% 8.69% 52.51% -5.14% -124.39% -48.89%
FCF Conversion (EBITDA) - 15.34% 71.83% - - -
FCF Conversion (Net income) - 13.82% 171.31% - - -
Dividend per Share 2 0.0300 0.0270 - 0.0300 - -
Announcement Date 7/30/18 7/30/19 7/30/20 7/29/21 7/28/22 7/28/23
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 102 736 3,337 4,714 11,200 9,652
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.0865 x 0.5889 x 1.922 x 2.381 x -22.99 x 212.3 x
Free Cash Flow 1 -50.7 192 1,247 -126 -3,122 -1,013
ROE (net income / shareholders' equity) 8.06% 7.28% 4.05% 7.04% -5.19% 4.2%
ROA (Net income/ Total Assets) 2.25% 2.01% 2.71% 2.96% -0.93% -0.06%
Assets 1 65,155 69,074 26,868 45,760 95,346 -1,431,093
Book Value Per Share 2 14.10 14.90 13.80 16.50 12.10 14.70
Cash Flow per Share 2 0.7000 0.5800 0.7700 1.440 0.5800 0.6300
Capex 1 140 96.1 69.6 92.7 276 54.4
Capex / Sales 8.02% 4.35% 2.93% 3.77% 11% 2.62%
Announcement Date 7/30/18 7/30/19 7/30/20 7/29/21 7/28/22 7/28/23
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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