Financials SMIT Holdings Limited

Equities

2239

KYG824001054

Communications & Networking

Delayed Hong Kong S.E. 04:08:25 2024-05-30 am EDT 5-day change 1st Jan Change
1.59 HKD +6.00% Intraday chart for SMIT Holdings Limited +13.57% -19.70%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 201.6 154.4 115.4 136.8 96.82 82.39
Enterprise Value (EV) 1 151.9 84.62 107.8 149 67.18 62.69
P/E ratio 159 x 14.7 x -30.1 x 14.2 x 1.71 x -5.89 x
Yield 0.16% 0.21% 0.28% 0.23% 0.33% 0.39%
Capitalization / Revenue 4.88 x 4.05 x 3.05 x 3.77 x 3.29 x 3.67 x
EV / Revenue 3.68 x 2.22 x 2.85 x 4.11 x 2.28 x 2.79 x
EV / EBITDA -45.4 x -11.7 x -73.1 x 46.8 x -56.1 x 1,286 x
EV / FCF -13.7 x 3.23 x -1.79 x -11.4 x 5.41 x -6.92 x
FCF Yield -7.31% 31% -55.8% -8.78% 18.5% -14.5%
Price to Book 1.8 x 1.27 x 0.93 x 1.01 x 0.52 x 0.49 x
Nbr of stocks (in thousands) 316,294 318,218 319,491 320,353 320,383 324,932
Reference price 2 0.6373 0.4852 0.3612 0.4272 0.3022 0.2536
Announcement Date 4/7/19 4/24/20 4/23/21 4/22/22 4/21/23 4/30/24
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 41.32 38.1 37.79 36.25 29.41 22.47
EBITDA 1 -3.348 -7.216 -1.474 3.184 -1.197 0.0488
EBIT 1 -4.059 -8.117 -4.319 -4.67 -12.72 -4.551
Operating Margin -9.82% -21.31% -11.43% -12.88% -43.24% -20.25%
Earnings before Tax (EBT) 1 -0.2778 11.62 -4.955 8.354 67.22 -16
Net income 1 1.318 10.6 -3.708 9.844 57.19 -13.9
Net margin 3.19% 27.83% -9.81% 27.15% 194.44% -61.84%
EPS 2 0.004000 0.0330 -0.0120 0.0300 0.1770 -0.0431
Free Cash Flow 1 -11.1 26.23 -60.13 -13.08 12.42 -9.063
FCF margin -26.87% 68.83% -159.11% -36.07% 42.24% -40.33%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - 247.36% - - 21.72% -
Dividend per Share 2 0.001000 0.001000 0.001000 0.001000 0.001000 0.001000
Announcement Date 4/7/19 4/24/20 4/23/21 4/22/22 4/21/23 4/30/24
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - 12.2 - -
Net Cash position 1 49.6 69.8 7.63 - 29.6 19.7
Leverage (Debt/EBITDA) - - - 3.819 x - -
Free Cash Flow 1 -11.1 26.2 -60.1 -13.1 12.4 -9.06
ROE (net income / shareholders' equity) 1.16% 10.4% -2.75% 7.47% 35% -7.89%
ROA (Net income/ Total Assets) -1.86% -3.19% -1.32% -1.26% -3.32% -1.28%
Assets 1 -70.8 -332.7 281.6 -783.5 -1,724 1,083
Book Value Per Share 2 0.3500 0.3800 0.3900 0.4200 0.5800 0.5200
Cash Flow per Share 2 0.1700 0.2200 0.1500 0.0600 0.1500 0.0600
Capex 1 0.42 3.09 8.92 6.3 4.29 0.45
Capex / Sales 1.01% 8.12% 23.61% 17.38% 14.58% 2%
Announcement Date 4/7/19 4/24/20 4/23/21 4/22/22 4/21/23 4/30/24
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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