Financials Qian Hu Corporation Limited

Equities

BCV

SG1BE8000008

Fishing & Farming

Market Closed - Singapore S.E. 03:55:25 2024-04-26 am EDT 5-day change 1st Jan Change
0.168 SGD +13.51% Intraday chart for Qian Hu Corporation Limited +13.51% -1.75%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 20.43 14.3 25.54 24.41 26.11 19.41
Enterprise Value (EV) 1 26.49 17.99 22.9 15.65 15.11 9.772
P/E ratio 51.4 x 15.6 x -17.6 x 14.2 x 18.7 x -2.09 x
Yield 1.11% 2.38% 0.89% 1.4% 1.3% 1.75%
Capitalization / Revenue 0.24 x 0.19 x 0.34 x 0.31 x 0.35 x 0.28 x
EV / Revenue 0.31 x 0.23 x 0.3 x 0.2 x 0.2 x 0.14 x
EV / EBITDA 7.91 x 3.86 x 8.17 x 2.57 x 2.85 x 7.18 x
EV / FCF 112 x 42.3 x 3.04 x 2.33 x 3.79 x 7.5 x
FCF Yield 0.9% 2.37% 32.8% 42.9% 26.4% 13.3%
Price to Book 0.42 x 0.29 x 0.54 x 0.51 x 0.53 x 0.49 x
Nbr of stocks (in thousands) 113,526 113,526 113,526 113,526 113,526 113,526
Reference price 2 0.1800 0.1260 0.2250 0.2150 0.2300 0.1710
Announcement Date 2/27/19 2/25/20 2/28/21 1/12/22 1/12/23 1/12/24
1SGD in Million2SGD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 85.67 76.91 75.23 80 75.27 70.31
EBITDA 1 3.348 4.666 2.804 6.099 5.31 1.362
EBIT 1 1.181 1.596 -0.9218 2.502 2.115 -1.654
Operating Margin 1.38% 2.08% -1.23% 3.13% 2.81% -2.35%
Earnings before Tax (EBT) 1 0.775 1.059 -1.121 2.311 1.896 -8.969
Net income 1 0.402 0.9198 -1.453 1.72 1.4 -9.277
Net margin 0.47% 1.2% -1.93% 2.15% 1.86% -13.19%
EPS 2 0.003500 0.008099 -0.0128 0.0151 0.0123 -0.0817
Free Cash Flow 1 0.2375 0.4256 7.523 6.706 3.984 1.303
FCF margin 0.28% 0.55% 10% 8.38% 5.29% 1.85%
FCF Conversion (EBITDA) 7.09% 9.12% 268.27% 109.96% 75.03% 95.7%
FCF Conversion (Net income) 59.08% 46.26% - 389.91% 284.59% -
Dividend per Share 2 0.002000 0.003000 0.002000 0.003000 0.003000 0.003000
Announcement Date 2/27/19 2/25/20 2/28/21 1/12/22 1/12/23 1/12/24
1SGD in Million2SGD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 6.06 3.69 - - - -
Net Cash position 1 - - 2.64 8.76 11 9.64
Leverage (Debt/EBITDA) 1.809 x 0.7902 x - - - -
Free Cash Flow 1 0.24 0.43 7.52 6.71 3.98 1.3
ROE (net income / shareholders' equity) 1.11% 1.84% -2.6% 3.99% 3.21% -19.6%
ROA (Net income/ Total Assets) 0.91% 1.25% -0.73% 2.05% 1.8% -1.57%
Assets 1 43.96 73.46 198.4 84 77.92 589.4
Book Value Per Share 2 0.4300 0.4400 0.4200 0.4300 0.4300 0.3500
Cash Flow per Share 2 0.1000 0.1200 0.1700 0.1900 0.1800 0.1400
Capex 1 1.59 0.92 0.55 1.48 1.02 1.54
Capex / Sales 1.86% 1.2% 0.73% 1.85% 1.36% 2.19%
Announcement Date 2/27/19 2/25/20 2/28/21 1/12/22 1/12/23 1/12/24
1SGD in Million2SGD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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