Financials China Finance Investment Holdings Limited

Equities

875

BMG2162U1229

Fishing & Farming

Market Closed - Hong Kong S.E. 04:08:17 2024-05-17 am EDT 5-day change 1st Jan Change
2.25 HKD +2.27% Intraday chart for China Finance Investment Holdings Limited +2.27% +0.90%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 98.59 92.02 287 1,024 1,661 845.7
Enterprise Value (EV) 1 283.6 352.1 535.7 1,235 1,931 1,225
P/E ratio -0.56 x -1.26 x -3.28 x 27 x 40.5 x 18.2 x
Yield - - - - - -
Capitalization / Revenue 0.63 x 0.3 x 0.87 x 1.82 x 1.66 x 0.59 x
EV / Revenue 1.8 x 1.13 x 1.63 x 2.2 x 1.93 x 0.85 x
EV / EBITDA -8.68 x -8.21 x -9.18 x 50.8 x -41.8 x 191 x
EV / FCF -3.52 x -4.23 x -4.62 x -17.3 x -27 x -4.91 x
FCF Yield -28.4% -23.7% -21.7% -5.79% -3.7% -20.4%
Price to Book 0.54 x 0.5 x 0.93 x 2.33 x 3.47 x 1.69 x
Nbr of stocks (in thousands) 61,618 100,023 302,083 379,257 379,257 379,257
Reference price 2 1.600 0.9200 0.9500 2.700 4.380 2.230
Announcement Date 4/29/19 4/27/20 4/29/21 5/13/22 3/31/23 4/29/24
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 157.2 311.4 328.7 562.3 999.4 1,439
EBITDA 1 -32.68 -42.86 -58.35 24.3 -46.25 6.418
EBIT 1 -42.71 -50.74 -65.39 16.7 -55.73 -2.734
Operating Margin -27.17% -16.29% -19.89% 2.97% -5.58% -0.19%
Earnings before Tax (EBT) 1 -156.8 -55.36 -63.49 36.02 -53.27 55.55
Net income 1 -158.6 -59.58 -68.09 35.71 41.04 47.29
Net margin -100.87% -19.13% -20.72% 6.35% 4.11% 3.29%
EPS 2 -2.839 -0.7300 -0.2900 0.1000 0.1082 0.1223
Free Cash Flow 1 -80.61 -83.29 -116.1 -71.52 -71.4 -249.4
FCF margin -51.27% -26.74% -35.31% -12.72% -7.14% -17.32%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 4/29/19 4/27/20 4/29/21 5/13/22 3/31/23 4/29/24
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 185 260 249 211 270 379
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) -5.662 x -6.067 x -4.263 x 8.669 x -5.84 x 59.03 x
Free Cash Flow 1 -80.6 -83.3 -116 -71.5 -71.4 -249
ROE (net income / shareholders' equity) -62.9% -32.6% -27.7% 8.23% -13.2% 10.5%
ROA (Net income/ Total Assets) -5.73% -5.8% -5.51% 0.96% -2.84% -0.14%
Assets 1 2,769 1,026 1,235 3,704 -1,446 -34,048
Book Value Per Share 2 2.960 1.830 1.020 1.160 1.260 1.320
Cash Flow per Share 2 0.0800 0.3700 0.2100 0.3800 0.0200 0.0200
Capex 1 16.1 5.37 0.92 18 11.9 7.91
Capex / Sales 10.25% 1.72% 0.28% 3.2% 1.19% 0.55%
Announcement Date 4/29/19 4/27/20 4/29/21 5/13/22 3/31/23 4/29/24
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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