Financials Great Eagle Holdings Limited

Equities

41

BMG4069C1486

Real Estate Development & Operations

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
11.68 HKD +0.69% Intraday chart for Great Eagle Holdings Limited +3.18% -3.63%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 23,405 18,595 15,334 15,937 12,831 9,062
Enterprise Value (EV) 1 44,865 38,527 36,487 42,320 39,242 36,904
P/E ratio 4.03 x -54.7 x -1.78 x -31.6 x -68.6 x 11.9 x
Yield 2.48% 3.16% 3.9% 3.81% 4.84% 7.18%
Capitalization / Revenue 2.3 x 2.01 x 1.49 x 2.04 x 1.44 x 0.85 x
EV / Revenue 4.42 x 4.17 x 3.54 x 5.4 x 4.42 x 3.47 x
EV / EBITDA 11.7 x 11.5 x 10.7 x 15.7 x 12.8 x 9 x
EV / FCF 286 x 25.5 x 23.3 x -11 x 52.5 x 116 x
FCF Yield 0.35% 3.93% 4.29% -9.08% 1.91% 0.86%
Price to Book 0.34 x 0.27 x 0.26 x 0.26 x 0.23 x 0.16 x
Nbr of stocks (in thousands) 698,647 708,382 719,920 731,040 747,723 747,723
Reference price 2 33.50 26.25 21.30 21.80 17.16 12.12
Announcement Date 4/2/19 3/26/20 3/25/21 4/7/22 4/3/23 4/9/24
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 10,156 9,237 10,305 7,830 8,885 10,644
EBITDA 1 3,836 3,345 3,410 2,700 3,077 4,102
EBIT 1 3,123 2,634 2,636 1,901 2,242 3,272
Operating Margin 30.75% 28.52% 25.58% 24.28% 25.23% 30.74%
Earnings before Tax (EBT) 1 8,914 -146.3 -12,398 -483 59.34 1,326
Net income 1 5,811 -337.8 -8,540 -499 -181.4 763.5
Net margin 57.21% -3.66% -82.87% -6.37% -2.04% 7.17%
EPS 2 8.310 -0.4800 -11.94 -0.6900 -0.2500 1.020
Free Cash Flow 1 156.9 1,513 1,564 -3,843 748 316.9
FCF margin 1.54% 16.38% 15.18% -49.08% 8.42% 2.98%
FCF Conversion (EBITDA) 4.09% 45.23% 45.87% - 24.31% 7.73%
FCF Conversion (Net income) 2.7% - - - - 41.5%
Dividend per Share 2 0.8300 0.8300 0.8300 0.8300 0.8300 0.8700
Announcement Date 4/2/19 3/26/20 3/25/21 4/7/22 4/3/23 4/9/24
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 21,461 19,932 21,153 26,383 26,412 27,841
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 5.595 x 5.959 x 6.202 x 9.771 x 8.583 x 6.788 x
Free Cash Flow 1 157 1,513 1,564 -3,843 748 317
ROE (net income / shareholders' equity) 9.51% -0.64% -15.5% -1.05% -0.56% 1.17%
ROA (Net income/ Total Assets) 1.57% 1.28% 1.37% 1.03% 1.21% 1.83%
Assets 1 371,244 -26,301 -621,426 -48,525 -15,027 41,822
Book Value Per Share 2 99.30 97.30 81.70 84.10 76.00 75.90
Cash Flow per Share 2 12.20 15.10 10.20 8.370 7.950 7.710
Capex 1 853 1,357 1,316 820 450 420
Capex / Sales 8.4% 14.69% 12.77% 10.47% 5.07% 3.95%
Announcement Date 4/2/19 3/26/20 3/25/21 4/7/22 4/3/23 4/9/24
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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