Financials Leadway Technology Investment Group Limited

Equities

2086

KYG4527E1089

IT Services & Consulting

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
0.78 HKD 0.00% Intraday chart for Leadway Technology Investment Group Limited 0.00% +6.85%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 862.8 172.6 191.7 310 383.5 233.3
Enterprise Value (EV) 1 834 131 146.7 264 347.3 221.2
P/E ratio -36.8 x -20.9 x -9.48 x -14.5 x 341 x -12.1 x
Yield - - - - - -
Capitalization / Revenue 6.27 x 1.04 x 1.7 x 3.16 x 4.07 x 2.95 x
EV / Revenue 6.06 x 0.79 x 1.3 x 2.69 x 3.69 x 2.79 x
EV / EBITDA -41.1 x -37.6 x -7.66 x -17 x 233 x -12.5 x
EV / FCF 98.7 x 5.41 x 12.1 x 60 x -80.7 x -24.6 x
FCF Yield 1.01% 18.5% 8.24% 1.67% -1.24% -4.07%
Price to Book 6.75 x 1.45 x 1.89 x 3.81 x 4.92 x 4.01 x
Nbr of stocks (in thousands) 319,565 319,565 319,565 319,565 319,565 319,565
Reference price 2 2.700 0.5400 0.6000 0.9700 1.200 0.7300
Announcement Date 4/17/19 4/17/20 4/16/21 4/20/22 4/20/23 4/18/24
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 137.7 165.7 112.7 98.11 94.23 79.21
EBITDA 1 -20.3 -3.487 -19.15 -15.53 1.493 -17.74
EBIT 1 -23.78 -6.964 -22.75 -18.82 -0.207 -19.72
Operating Margin -17.27% -4.2% -20.18% -19.18% -0.22% -24.9%
Earnings before Tax (EBT) 1 -23.55 -7.034 -19.88 -19.8 1.126 -19.21
Net income 1 -23.45 -8.259 -20.22 -21.32 1.126 -19.21
Net margin -17.03% -4.98% -17.94% -21.73% 1.19% -24.25%
EPS 2 -0.0734 -0.0258 -0.0633 -0.0667 0.003520 -0.0601
Free Cash Flow 1 8.448 24.21 12.08 4.4 -4.302 -8.992
FCF margin 6.14% 14.61% 10.72% 4.48% -4.57% -11.35%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 4/17/19 4/17/20 4/16/21 4/20/22 4/20/23 4/18/24
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 28.8 41.6 45 46 36.1 12.1
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 8.45 24.2 12.1 4.4 -4.3 -8.99
ROE (net income / shareholders' equity) -16.7% -6.7% -18.4% -23.3% 1.41% -28.2%
ROA (Net income/ Total Assets) -8.75% -2.86% -10.6% -10.5% -0.13% -13.7%
Assets 1 268.2 288.5 190.1 202.3 -885.9 139.8
Book Value Per Share 2 0.4000 0.3700 0.3200 0.2500 0.2400 0.1800
Cash Flow per Share 2 0.0900 0.1400 0.1700 0.1600 0.1300 0.0600
Capex 1 3.12 4.01 2.52 0.91 2.78 0.69
Capex / Sales 2.27% 2.42% 2.23% 0.93% 2.95% 0.87%
Announcement Date 4/17/19 4/17/20 4/16/21 4/20/22 4/20/23 4/18/24
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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