Financials Pokfulam Development Company Limited

Equities

225

HK0225001145

Real Estate Development & Operations

Delayed Hong Kong S.E. 04:08:06 2024-04-30 am EDT 5-day change 1st Jan Change
5.28 HKD -0.38% Intraday chart for Pokfulam Development Company Limited -0.56% -14.56%

Valuation

Fiscal Period: September 2018 2019 2020 2021 2022 2023
Capitalization 1 1,928 1,609 1,267 1,232 1,058 762.4
Enterprise Value (EV) 1 1,686 1,451 1,178 1,203 1,323 1,046
P/E ratio 4.01 x 11.8 x -21.3 x 8.98 x 71.5 x -4.19 x
Yield 2.17% 2.6% 3.3% 3.4% 3.96% 5.49%
Capitalization / Revenue 14.9 x 11.8 x 7.76 x 8.19 x 6.02 x 4.05 x
EV / Revenue 13 x 10.7 x 7.21 x 8 x 7.54 x 5.56 x
EV / EBITDA 28.3 x 21.9 x 12.8 x 20.6 x 15.6 x 11.1 x
EV / FCF 50 x 27.2 x 44.6 x 18.1 x 35.9 x 21.4 x
FCF Yield 2% 3.68% 2.24% 5.53% 2.78% 4.66%
Price to Book 0.35 x 0.29 x 0.23 x 0.22 x 0.19 x 0.15 x
Nbr of stocks (in thousands) 110,179 110,179 110,179 110,179 110,179 110,179
Reference price 2 17.50 14.60 11.50 11.18 9.600 6.920
Announcement Date 11/23/18 11/25/19 12/7/20 12/10/21 12/15/22 12/20/23
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September 2018 2019 2020 2021 2022 2023
Net sales 1 129.7 135.8 163.3 150.5 175.6 188.3
EBITDA 1 59.65 66.19 91.84 58.28 85.09 94.58
EBIT 1 58.79 65.23 90.89 56.69 83.94 93.22
Operating Margin 45.32% 48.02% 55.66% 37.68% 47.81% 49.5%
Earnings before Tax (EBT) 1 489 144.8 -49.84 147.6 21.39 -173.3
Net income 1 480.8 136.8 -59.54 137.1 14.8 -181.8
Net margin 370.67% 100.74% -36.46% 91.14% 8.43% -96.53%
EPS 2 4.364 1.242 -0.5403 1.245 0.1343 -1.650
Free Cash Flow 1 33.72 53.4 26.39 66.51 36.81 48.79
FCF margin 26% 39.31% 16.16% 44.21% 20.97% 25.91%
FCF Conversion (EBITDA) 56.54% 80.68% 28.73% 114.12% 43.26% 51.59%
FCF Conversion (Net income) 7.01% 39.02% - 48.51% 248.81% -
Dividend per Share 2 0.3800 0.3800 0.3800 0.3800 0.3800 0.3800
Announcement Date 11/23/18 11/25/19 12/7/20 12/10/21 12/15/22 12/20/23
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: September 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - 265 284
Net Cash position 1 243 157 89 28.6 - -
Leverage (Debt/EBITDA) - - - - 3.12 x 3 x
Free Cash Flow 1 33.7 53.4 26.4 66.5 36.8 48.8
ROE (net income / shareholders' equity) 9.18% 2.48% -1.09% 2.5% 0.24% -3.39%
ROA (Net income/ Total Assets) 0.68% 0.72% 1% 0.63% 0.9% 1%
Assets 1 70,247 18,957 -5,924 21,873 1,637 -18,188
Book Value Per Share 2 49.40 50.20 49.20 50.10 49.80 47.70
Cash Flow per Share 2 2.250 1.690 1.120 0.6200 0.2500 0.5500
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 11/23/18 11/25/19 12/7/20 12/10/21 12/15/22 12/20/23
1HKD in Million2HKD
Estimates
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