Financials Renze Harvest International Limited

Equities

1282

KYG3997H1386

Industrial Machinery & Equipment

Market Closed - Hong Kong S.E. 04:08:06 2024-04-30 am EDT 5-day change 1st Jan Change
0.127 HKD -1.55% Intraday chart for Renze Harvest International Limited +10.43% +19.81%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 16,042 12,418 8,936 10,284 6,278 682.7
Enterprise Value (EV) 1 13,423 12,175 17,428 21,907 7,402 1,461
P/E ratio 16.7 x 18.5 x 11.8 x -46.5 x -33.2 x -1.24 x
Yield 0.78% 0.42% - - - -
Capitalization / Revenue 5.68 x 7.85 x 0.82 x 1.31 x 2.4 x 0.84 x
EV / Revenue 4.75 x 7.69 x 1.6 x 2.8 x 2.83 x 1.8 x
EV / EBITDA 20 x 54.7 x 12.8 x -5,511 x -24.7 x -3.28 x
EV / FCF 32 x -39.6 x -2.46 x -6.42 x 0.8 x 2 x
FCF Yield 3.12% -2.52% -40.7% -15.6% 125% 50.1%
Price to Book 2.21 x 1.97 x 1.16 x 1.3 x 1.06 x 0.14 x
Nbr of stocks (in thousands) 1,233,967 1,293,490 1,489,376 1,558,235 1,569,376 1,569,376
Reference price 2 13.00 9.600 6.000 6.600 4.000 0.4350
Announcement Date 4/10/18 4/29/19 4/28/20 4/29/21 4/29/22 5/11/23
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 2,825 1,583 10,888 7,826 2,615 811.4
EBITDA 1 669.9 222.6 1,359 -3.975 -299.4 -445.3
EBIT 1 630.3 197.8 1,292 -76.33 -356.3 -457.2
Operating Margin 22.31% 12.5% 11.86% -0.98% -13.63% -56.35%
Earnings before Tax (EBT) 1 1,055 809.5 1,659 -674.2 -12.49 -508
Net income 1 869.2 670.8 684.3 -217.3 -189 -551.5
Net margin 30.76% 42.39% 6.28% -2.78% -7.23% -67.97%
EPS 2 0.7792 0.5198 0.5093 -0.1420 -0.1204 -0.3520
Free Cash Flow 1 419.2 -307.4 -7,091 -3,414 9,274 731.8
FCF margin 14.84% -19.42% -65.12% -43.62% 354.67% 90.19%
FCF Conversion (EBITDA) 62.58% - - - - -
FCF Conversion (Net income) 48.24% - - - - -
Dividend per Share 2 0.1020 0.0400 - - - -
Announcement Date 4/10/18 4/29/19 4/28/20 4/29/21 4/29/22 5/11/23
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - 8,492 11,623 1,125 779
Net Cash position 1 2,618 243 - - - -
Leverage (Debt/EBITDA) - - 6.248 x -2,924 x -3.757 x -1.749 x
Free Cash Flow 1 419 -307 -7,091 -3,414 9,274 732
ROE (net income / shareholders' equity) 13.8% 9.17% 12% -5.37% -1.35% -9.39%
ROA (Net income/ Total Assets) 4.39% 1.14% 4.01% -0.15% -1.04% -3.21%
Assets 1 19,821 58,984 17,046 142,460 18,248 17,201
Book Value Per Share 2 5.870 4.870 5.160 5.080 3.780 3.060
Cash Flow per Share 2 1.810 0.7000 0.8900 1.100 0.4700 0.3100
Capex 1 34.9 10.2 24.3 45.1 35.9 11.8
Capex / Sales 1.24% 0.64% 0.22% 0.58% 1.37% 1.45%
Announcement Date 4/10/18 4/29/19 4/28/20 4/29/21 4/29/22 5/11/23
1HKD in Million2HKD
Estimates
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