SHIN HWA WORLD LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.036 HKD | +2.86% |
|
+2.86% | -29.41% |
| Mar. 27 | Shin Hwa World Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Mar. 21 | Shin Hwa World Sells Over 845.2 Million Shares | MT |
Valuation
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 45,693 | 7,220 | 2,583 | 711.4 | 984.7 | 1,057 |
| Enterprise Value (EV) 1 | 43,020 | 8,075 | 4,830 | 2,609 | 2,282 | 2,111 |
| P/E ratio | 61.2 x | -10.3 x | -1.21 x | -0.32 x | -0.87 x | -4.87 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 51 x | 3.44 x | 3.17 x | 0.9 x | 0.73 x | 0.76 x |
| EV / Revenue | 48 x | 3.85 x | 5.92 x | 3.31 x | 1.69 x | 1.52 x |
| EV / EBITDA | -128 x | -39 x | -5.68 x | -5.82 x | 60.9 x | 10.6 x |
| EV / FCF | -11.6 x | -3.08 x | -4.05 x | 4.69 x | 4.35 x | 8.2 x |
| FCF Yield | -8.65% | -32.5% | -24.7% | 21.3% | 23% | 12.2% |
| Price to Book | 2.83 x | 0.49 x | 0.22 x | 0.07 x | 0.11 x | 0.13 x |
| Nbr of stocks (in thousands) | 2,947,906 | 2,934,899 | 2,934,899 | 3,521,878 | 4,226,252 | 4,226,252 |
| Reference price 2 | 15.50 | 2.460 | 0.8800 | 0.2020 | 0.2330 | 0.2500 |
| Announcement Date | 3/26/18 | 4/29/19 | 5/15/20 | 4/27/21 | 4/26/22 | 4/25/23 |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net sales 1 | 896.2 | 2,099 | 815.5 | 788 | 1,350 | 1,387 |
| EBITDA 1 | -335.4 | -207.2 | -849.6 | -448 | 37.45 | 198.5 |
| EBIT 1 | -531.5 | -758.1 | -1,454 | -1,056 | -544.8 | -290.3 |
| Operating Margin | -59.31% | -36.12% | -178.31% | -133.99% | -40.36% | -20.94% |
| Earnings before Tax (EBT) 1 | -139.9 | -633.8 | -2,137 | -2,101 | -1,041 | -235 |
| Net income 1 | 505.1 | -701.5 | -2,133 | -2,115 | -1,056 | -216.9 |
| Net margin | 56.35% | -33.42% | -261.53% | -268.4% | -78.21% | -15.64% |
| EPS 2 | 0.2534 | -0.2387 | -0.7267 | -0.6328 | -0.2684 | -0.0513 |
| Free Cash Flow 1 | -3,721 | -2,625 | -1,193 | 555.8 | 524.8 | 257.5 |
| FCF margin | -415.12% | -125.03% | -146.3% | 70.53% | 38.87% | 18.57% |
| FCF Conversion (EBITDA) | - | - | - | - | 1,401.46% | 129.73% |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 3/26/18 | 4/29/19 | 5/15/20 | 4/27/21 | 4/26/22 | 4/25/23 |
1HKD in Million2HKD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | 855 | 2,247 | 1,898 | 1,297 | 1,054 |
| Net Cash position 1 | 2,672 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | -4.125 x | -2.645 x | -4.236 x | 34.63 x | 5.312 x |
| Free Cash Flow 1 | -3,721 | -2,625 | -1,193 | 556 | 525 | 258 |
| ROE (net income / shareholders' equity) | -1.23% | -4.56% | -16.1% | -18.9% | -11% | -2.56% |
| ROA (Net income/ Total Assets) | -1.82% | -2.57% | -5.54% | -4.6% | -2.72% | -1.68% |
| Assets 1 | -27,803 | 27,318 | 38,477 | 45,940 | 38,849 | 12,890 |
| Book Value Per Share 2 | 5.480 | 4.980 | 4.050 | 2.970 | 2.080 | 1.920 |
| Cash Flow per Share 2 | 1.470 | 0.3700 | 0.1400 | 0.1800 | 0.1900 | 0.1200 |
| Capex 1 | 5,246 | 2,784 | 206 | 6.94 | 31.9 | 10.8 |
| Capex / Sales | 585.3% | 132.63% | 25.2% | 0.88% | 2.37% | 0.78% |
| Announcement Date | 3/26/18 | 4/29/19 | 5/15/20 | 4/27/21 | 4/26/22 | 4/25/23 |
1HKD in Million2HKD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -29.41% | 23.32M | |
| +7.14% | 33.01B | |
| +5.10% | 24.32B | |
| -18.63% | 19.87B | |
| -18.07% | 19.35B | |
| -1.52% | 16.62B | |
| -4.07% | 9.51B | |
| -21.91% | 7.92B | |
| +0.41% | 7.05B | |
| +6.70% | 7.13B |
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