Financials Hang Lung Group Limited

Equities

10

HK0010000088

Real Estate Development & Operations

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
9.19 HKD +0.55% Intraday chart for Hang Lung Group Limited +4.20% -13.63%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 27,151 26,225 26,252 22,685 19,526 14,488
Enterprise Value (EV) 1 51,273 55,927 59,842 59,888 60,068 59,197
P/E ratio 5.14 x 3.85 x -17 x 8.77 x 7.18 x 5.17 x
Yield 4.01% 4.26% 4.25% 5.16% 6% 8.08%
Capitalization / Revenue 2.6 x 2.73 x 2.84 x 2.08 x 1.76 x 1.32 x
EV / Revenue 4.91 x 5.81 x 6.48 x 5.49 x 5.41 x 5.38 x
EV / EBITDA 7.3 x 8.58 x 9.76 x 8.23 x 8.29 x 8.08 x
EV / FCF 4.82 x 10.6 x 22 x 23 x 25.8 x 25.2 x
FCF Yield 20.8% 9.4% 4.55% 4.35% 3.87% 3.96%
Price to Book 0.31 x 0.29 x 0.29 x 0.24 x 0.21 x 0.15 x
Nbr of stocks (in thousands) 1,361,618 1,361,618 1,361,618 1,361,618 1,361,618 1,361,618
Reference price 2 19.94 19.26 19.28 16.66 14.34 10.64
Announcement Date 3/21/19 3/24/20 3/24/21 3/21/22 4/4/23 3/27/24
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 10,450 9,618 9,235 10,905 11,094 11,008
EBITDA 1 7,023 6,518 6,130 7,278 7,246 7,329
EBIT 1 6,977 6,468 6,082 7,216 7,168 7,241
Operating Margin 66.77% 67.25% 65.86% 66.17% 64.61% 65.78%
Earnings before Tax (EBT) 1 10,660 17,978 -924 7,266 6,352 6,574
Net income 1 5,285 6,816 -1,541 2,589 2,718 2,811
Net margin 50.57% 70.87% -16.69% 23.74% 24.5% 25.54%
EPS 2 3.880 5.006 -1.132 1.900 1.996 2.060
Free Cash Flow 1 10,647 5,259 2,724 2,602 2,324 2,346
FCF margin 101.88% 54.68% 29.49% 23.86% 20.95% 21.31%
FCF Conversion (EBITDA) 151.6% 80.68% 44.43% 35.76% 32.08% 32.01%
FCF Conversion (Net income) 201.45% 77.15% - 100.51% 85.52% 83.47%
Dividend per Share 2 0.8000 0.8200 0.8200 0.8600 0.8600 0.8600
Announcement Date 3/21/19 3/24/20 3/24/21 3/21/22 4/4/23 3/27/24
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 24,122 29,702 33,590 37,203 40,542 44,709
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 3.435 x 4.557 x 5.48 x 5.112 x 5.595 x 6.1 x
Free Cash Flow 1 10,647 5,259 2,724 2,602 2,324 2,346
ROE (net income / shareholders' equity) 6.19% 8.14% -1.38% 3.13% 3% 3.17%
ROA (Net income/ Total Assets) 2.21% 1.96% 1.74% 1.95% 1.93% 1.98%
Assets 1 239,000 347,206 -88,778 132,831 140,924 142,235
Book Value Per Share 2 63.50 67.00 67.60 70.40 68.20 69.30
Cash Flow per Share 2 5.030 1.270 4.050 6.620 4.190 4.600
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 3/21/19 3/24/20 3/24/21 3/21/22 4/4/23 3/27/24
1HKD in Million2HKD
Estimates
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