Market Closed -
Hong Kong S.E.
04:08:16 2024-05-02 am EDT
|
5-day change
|
1st Jan Change
|
2.42
HKD
|
+2.11%
|
|
+4.31%
|
+5.68%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
25,764
|
27,601
|
23,478
|
14,825
|
9,867
|
10,395
|
-
|
-
|
Enterprise Value (EV)
1 |
35,234
|
37,817
|
35,697
|
29,354
|
27,643
|
28,528
|
27,936
|
28,712
|
P/E ratio
|
7.98
x
|
7.84
x
|
7.54
x
|
12.5
x
|
9.39
x
|
7.21
x
|
6.14
x
|
5.63
x
|
Yield
|
4.41%
|
4.72%
|
4.8%
|
2.85%
|
3.76%
|
4.91%
|
5.73%
|
6.24%
|
Capitalization / Revenue
|
0.95
x
|
1.07
x
|
0.72
x
|
0.51
x
|
0.4
x
|
0.4
x
|
0.37
x
|
0.37
x
|
EV / Revenue
|
1.3
x
|
1.46
x
|
1.1
x
|
1.01
x
|
1.11
x
|
1.09
x
|
1
x
|
1.02
x
|
EV / EBITDA
|
7.55
x
|
7.23
x
|
7.63
x
|
9.74
x
|
8.94
x
|
7.78
x
|
6.86
x
|
7.32
x
|
EV / FCF
|
24.5
x
|
62.8
x
|
-69.6
x
|
-29.1
x
|
-10
x
|
20.6
x
|
16
x
|
-
|
FCF Yield
|
4.09%
|
1.59%
|
-1.44%
|
-3.43%
|
-9.95%
|
4.85%
|
6.26%
|
-
|
Price to Book
|
1.09
x
|
0.97
x
|
0.7
x
|
0.52
x
|
0.34
x
|
0.36
x
|
0.35
x
|
0.34
x
|
Nbr of stocks (in thousands)
|
4,366,808
|
4,346,642
|
4,331,659
|
4,309,565
|
4,308,808
|
4,295,321
|
-
|
-
|
Reference price
2 |
5.900
|
6.350
|
5.420
|
3.440
|
2.290
|
2.420
|
2.420
|
2.420
|
Announcement Date
|
3/5/20
|
3/2/21
|
3/7/22
|
3/1/23
|
3/8/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
27,144
|
25,868
|
32,511
|
29,170
|
24,937
|
26,173
|
27,856
|
28,261
|
EBITDA
1 |
4,666
|
5,232
|
4,680
|
3,014
|
3,094
|
3,668
|
4,074
|
3,922
|
EBIT
1 |
3,318
|
4,501
|
3,130
|
1,586
|
1,710
|
2,201
|
2,419
|
2,667
|
Operating Margin
|
12.22%
|
17.4%
|
9.63%
|
5.44%
|
6.86%
|
8.41%
|
8.68%
|
9.44%
|
Earnings before Tax (EBT)
1 |
4,020
|
4,321
|
3,794
|
1,459
|
1,412
|
1,861
|
2,175
|
2,419
|
Net income
1 |
3,236
|
3,524
|
3,123
|
1,185
|
1,051
|
1,419
|
1,630
|
1,671
|
Net margin
|
11.92%
|
13.62%
|
9.61%
|
4.06%
|
4.21%
|
5.42%
|
5.85%
|
5.91%
|
EPS
2 |
0.7395
|
0.8099
|
0.7187
|
0.2746
|
0.2439
|
0.3358
|
0.3941
|
0.4298
|
Free Cash Flow
1 |
1,440
|
602.5
|
-512.8
|
-1,008
|
-2,751
|
1,385
|
1,749
|
-
|
FCF margin
|
5.31%
|
2.33%
|
-1.58%
|
-3.46%
|
-11.03%
|
5.29%
|
6.28%
|
-
|
FCF Conversion (EBITDA)
|
30.87%
|
11.52%
|
-
|
-
|
-
|
37.76%
|
42.93%
|
-
|
FCF Conversion (Net income)
|
44.52%
|
17.1%
|
-
|
-
|
-
|
97.57%
|
107.31%
|
-
|
Dividend per Share
2 |
0.2600
|
0.3000
|
0.2600
|
0.0980
|
0.0860
|
0.1188
|
0.1386
|
0.1509
|
Announcement Date
|
3/5/20
|
3/2/21
|
3/7/22
|
3/1/23
|
3/8/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2020 S2
|
2021 S1
|
2021 S2
|
2022 S1
|
2022 S2
|
2023 S1
|
2023 S2
|
2024 S1
|
2024 S2
|
2025 S1
|
2025 S2
|
---|
Net sales
1 |
14,197
|
11,071
|
14,797
|
15,180
|
17,331
|
15,276
|
13,894
|
12,207
|
12,730
|
11,836
|
12,677
|
12,021
|
12,863
|
EBITDA
|
2,389
|
1,993
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
1,712
|
1,356
|
2,778
|
2,174
|
956.1
|
615.8
|
595.6
|
135.6
|
1,575
|
1,043
|
1,194
|
1,031
|
1,170
|
Operating Margin
|
12.06%
|
12.25%
|
18.77%
|
14.32%
|
5.52%
|
4.03%
|
4.29%
|
1.11%
|
12.37%
|
8.81%
|
9.42%
|
8.58%
|
9.09%
|
Earnings before Tax (EBT)
|
2,049
|
1,642
|
2,680
|
-
|
-
|
-
|
509
|
-
|
974.2
|
-
|
-
|
-
|
-
|
Net income
|
1,556
|
1,336
|
2,188
|
-
|
-
|
-
|
387.8
|
307.9
|
743
|
-
|
-
|
-
|
-
|
Net margin
|
10.96%
|
12.07%
|
14.78%
|
-
|
-
|
-
|
2.79%
|
2.52%
|
5.84%
|
-
|
-
|
-
|
-
|
EPS
2 |
0.3560
|
0.3068
|
0.5031
|
0.4454
|
0.2730
|
0.1846
|
0.0900
|
0.0715
|
0.1724
|
0.0900
|
0.1200
|
0.0900
|
0.1200
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
3/5/20
|
8/4/20
|
3/2/21
|
8/4/21
|
3/7/22
|
8/8/22
|
3/1/23
|
8/1/23
|
3/8/24
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
9,469
|
10,216
|
12,219
|
14,529
|
17,776
|
18,133
|
17,542
|
18,318
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
2.03
x
|
1.953
x
|
2.611
x
|
4.821
x
|
5.746
x
|
4.943
x
|
4.305
x
|
4.67
x
|
Free Cash Flow
1 |
1,440
|
603
|
-513
|
-1,008
|
-2,751
|
1,385
|
1,749
|
-
|
ROE (net income / shareholders' equity)
|
13.8%
|
13.5%
|
9.74%
|
3.82%
|
3.66%
|
5.27%
|
6.19%
|
6.67%
|
ROA (Net income/ Total Assets)
|
7.5%
|
7.8%
|
6.29%
|
2.31%
|
2.01%
|
2.42%
|
3.08%
|
2.84%
|
Assets
1 |
43,137
|
45,149
|
49,627
|
51,389
|
52,212
|
58,607
|
52,915
|
58,928
|
Book Value Per Share
2 |
5.430
|
6.530
|
7.710
|
6.640
|
6.670
|
6.660
|
7.000
|
7.180
|
Cash Flow per Share
2 |
1.130
|
0.9000
|
0.6400
|
0.8600
|
0.0400
|
0.4900
|
0.5200
|
0.5600
|
Capex
1 |
3,516
|
3,320
|
3,305
|
3,996
|
2,902
|
2,794
|
2,794
|
2,917
|
Capex / Sales
|
12.95%
|
12.83%
|
10.16%
|
13.7%
|
11.64%
|
10.68%
|
10.03%
|
10.32%
|
Announcement Date
|
3/5/20
|
3/2/21
|
3/7/22
|
3/1/23
|
3/8/24
|
-
|
-
|
-
|
Last Close Price
2.42
HKD Average target price
2.816
HKD Spread / Average Target +16.37% Consensus |
1st Jan change
|
Capi.
|
---|
| +5.68% | 1.3B | | +7.63% | 15.52B | | +23.10% | 12.31B | | -0.94% | 12.25B | | +20.26% | 11.28B | | +2.63% | 10.57B | | -8.12% | 8.37B | | +8.97% | 8B | | -4.24% | 7.65B | | +15.78% | 6.1B |
Other Paper Packaging
|