Financials Automated Systems Holdings Limited

Equities

771

BMG0666H1007

Computer Hardware

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
0.64 HKD +4.92% Intraday chart for Automated Systems Holdings Limited -3.03% -7.25%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 637 732.8 835.6 1,113 1,142 600.3
Enterprise Value (EV) 1 838.6 916.2 880.8 888.5 646.4 112.1
P/E ratio 12.2 x 10.2 x 11 x 1.3 x 280 x 5.91 x
Yield 1.05% - 2.97% 2.24% 2.19% 4.17%
Capitalization / Revenue 0.33 x 0.31 x 0.3 x 0.56 x 0.56 x 0.27 x
EV / Revenue 0.44 x 0.39 x 0.31 x 0.45 x 0.32 x 0.05 x
EV / EBITDA 6.4 x 4.79 x 4.36 x 6.26 x 6.6 x 0.8 x
EV / FCF 12.3 x 11.5 x 14.5 x 2.77 x 372 x 36.9 x
FCF Yield 8.13% 8.66% 6.89% 36.1% 0.27% 2.71%
Price to Book 0.58 x 0.6 x 0.59 x 0.51 x 0.57 x 0.29 x
Nbr of stocks (in thousands) 804,654 805,225 827,314 830,308 833,584 833,696
Reference price 2 0.7917 0.9100 1.010 1.340 1.370 0.7200
Announcement Date 4/12/18 4/16/19 4/20/20 4/23/21 4/26/22 4/25/23
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 1,917 2,344 2,829 1,989 2,050 2,215
EBITDA 1 130.9 191.2 201.8 142 97.98 139.2
EBIT 1 103.5 161.2 167.7 124.6 81.28 121.4
Operating Margin 5.4% 6.88% 5.93% 6.26% 3.97% 5.48%
Earnings before Tax (EBT) 1 69.75 127.3 139.4 53.39 29.91 119.4
Net income 1 52.58 84.33 93.28 856.3 4.132 101.6
Net margin 2.74% 3.6% 3.3% 43.05% 0.2% 4.59%
EPS 2 0.0647 0.0893 0.0922 1.034 0.004900 0.1218
Free Cash Flow 1 68.17 79.35 60.72 320.9 1.736 3.034
FCF margin 3.56% 3.38% 2.15% 16.13% 0.08% 0.14%
FCF Conversion (EBITDA) 52.07% 41.5% 30.09% 225.92% 1.77% 2.18%
FCF Conversion (Net income) 129.66% 94.09% 65.1% 37.48% 42.02% 2.99%
Dividend per Share 2 0.008300 - 0.0300 0.0300 0.0300 0.0300
Announcement Date 4/12/18 4/16/19 4/20/20 4/23/21 4/26/22 4/25/23
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 202 183 45.2 - - -
Net Cash position 1 - - - 224 496 488
Leverage (Debt/EBITDA) 1.539 x 0.9593 x 0.2242 x - - -
Free Cash Flow 1 68.2 79.4 60.7 321 1.74 3.03
ROE (net income / shareholders' equity) 5.79% 7.3% 7.53% 1.39% 0.2% 5.02%
ROA (Net income/ Total Assets) 3.77% 4.34% 4.05% 2.57% 1.66% 2.56%
Assets 1 1,394 1,944 2,305 33,257 249.5 3,963
Book Value Per Share 2 1.360 1.510 1.700 2.640 2.390 2.470
Cash Flow per Share 2 0.3600 0.3600 0.5500 0.4500 0.7200 0.6600
Capex 1 10.6 16.4 17 8.87 9.34 54.5
Capex / Sales 0.55% 0.7% 0.6% 0.45% 0.46% 2.46%
Announcement Date 4/12/18 4/16/19 4/20/20 4/23/21 4/26/22 4/25/23
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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