Financials Chervon Holdings Limited

Equities

Market Closed - Hong Kong S.E. Other stock markets 04:08:20 2024-05-14 am EDT			5-day change	1st Jan Change
27.45 ^HKD	-1.96%		+31.65%	+15.09%

May. 09	Chervon Logs High-Double-Digit Growth in April	MT
Apr. 25	Chervon Holdings Limited Recommends No Final Dividend for the Year Ended December 31, 2023	CI

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	3,561	2,702	1,561	1,796	-	-
Enterprise Value (EV) ¹	3,561	2,565	1,561	1,672	1,482	1,264
P/E ratio	24.6 x	19.7 x	-43.6 x	26.8 x	14.2 x	12.7 x
Yield	0.96%	1.3%	-	0.75%	1.33%	1.68%
Capitalization / Revenue	2.03 x	1.36 x	1.14 x	1.15 x	0.97 x	0.87 x
EV / Revenue	2.03 x	1.29 x	1.14 x	1.07 x	0.8 x	0.61 x
EV / EBITDA	16.3 x	11.4 x	174 x	13.6 x	7.21 x	5.56 x
EV / FCF	46.2 x	-52.2 x	-	25.3 x	-37.1 x	105 x
FCF Yield	2.16%	-1.92%	-	3.95%	-2.7%	0.95%
Price to Book	3.77 x	2.86 x	-	1.77 x	1.56 x	1.45 x
Nbr of stocks (in thousands)	479,431	490,219	511,054	511,054	-	-
Reference price ²	7.427	5.513	3.054	3.584	3.584	3.584
Announcement Date	3/30/22	3/28/23	3/27/24	-	-	-

¹USD in Million²USD

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	1,758	1,989	1,375	1,565	1,859	2,072
EBITDA ¹	-	218.2	225.1	8.956	123.2	205.6	227.5
EBIT ¹	-	188.3	189.1	-27.22	79.07	140.5	173.7
Operating Margin	-	10.71%	9.51%	-1.98%	5.05%	7.56%	8.38%
Earnings before Tax (EBT) ¹	-	176.1	161.4	-48.86	68.4	155	168.8
Net income ¹	44.36	144.5	139.4	-37.14	67.79	128.9	144.3
Net margin	-	8.22%	7.01%	-2.7%	4.33%	6.94%	6.97%
EPS ²	0.1100	0.3015	0.2800	-0.0700	0.1336	0.2520	0.2824
Free Cash Flow ¹	-	77.05	-49.12	-	66	-40	12
FCF margin	-	4.38%	-2.47%	-	4.22%	-2.15%	0.58%
FCF Conversion (EBITDA)	-	35.31%	-	-	53.59%	-	5.28%
FCF Conversion (Net income)	-	53.3%	-	-	97.36%	-	8.32%
Dividend per Share ²	-	0.0715	0.0718	-	0.0268	0.0477	0.0601
Announcement Date	12/17/21	3/30/22	3/28/23	3/27/24	-	-	-

¹USD in Million²USD

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-
Net Cash position ¹	-	-	137	-	123	313	531
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow ¹	-	77	-49.1	-	66	-40	12
ROE (net income / shareholders' equity)	-	27.4%	16%	-	6.82%	11%	11.6%
ROA (Net income/ Total Assets)	-	9.18%	7.11%	-	2.45%	6.33%	6.2%
Assets ¹	-	1,574	1,959	-	2,767	2,036	2,327
Book Value Per Share ²	-	1.970	1.930	-	2.020	2.300	2.480
Cash Flow per Share ²	-	0.3900	0.0500	-	0.1100	0.2700	0.3500
Capex ¹	-	81.2	72.2	-	81.4	85.2	97.4
Capex / Sales	-	4.62%	3.63%	-	5.2%	4.58%	4.7%
Announcement Date	12/17/21	3/30/22	3/28/23	3/27/24	-	-	-

¹USD in Million²USD

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

3.584 USD

Average target price

3.459 USD

Spread / Average Target

-3.49%

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