Financials Southern Packaging Group Limited

Equities

BQP

SG1CG0000009

Non-Paper Containers & Packaging

Delayed Singapore S.E. 04:04:26 2024-03-06 am EST 5-day change 1st Jan Change
0.58 SGD -3.33% Intraday chart for Southern Packaging Group Limited -.--% -3.33%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 141.3 137.5 173.7 164.1 128.7 226.4
Enterprise Value (EV) 1 354.5 391.6 477.4 469.2 445.7 556.8
P/E ratio -63.5 x 14.9 x 36.7 x 11.7 x -3.55 x -16.8 x
Yield - 0.66% 0.5% 0.91% - -
Capitalization / Revenue 0.2 x 0.19 x 0.29 x 0.21 x 0.21 x 0.33 x
EV / Revenue 0.49 x 0.55 x 0.81 x 0.61 x 0.74 x 0.81 x
EV / EBITDA 5.31 x 4.75 x 7.38 x 6.49 x 19.4 x 10.9 x
EV / FCF -8.18 x -9.46 x -8.78 x 5.42 x 119 x -53.5 x
FCF Yield -12.2% -10.6% -11.4% 18.5% 0.84% -1.87%
Price to Book 0.26 x 0.25 x 0.31 x 0.29 x 0.24 x 0.43 x
Nbr of stocks (in thousands) 70,319 70,319 70,319 70,319 70,319 70,319
Reference price 2 2.009 1.955 2.470 2.334 1.830 3.219
Announcement Date 4/12/19 6/5/20 4/8/21 4/7/22 4/11/23 4/11/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 724.2 709.1 590.4 769.2 603.5 691.6
EBITDA 1 66.73 82.39 64.71 72.25 22.95 51.21
EBIT 1 7.843 20.19 4.062 16.96 -33.5 -4.842
Operating Margin 1.08% 2.85% 0.69% 2.21% -5.55% -0.7%
Earnings before Tax (EBT) 1 -2.421 8.855 3.985 12.47 -46.15 -13.85
Net income 1 -2.225 9.225 4.731 14.03 -36.29 -13.51
Net margin -0.31% 1.3% 0.8% 1.82% -6.01% -1.95%
EPS 2 -0.0316 0.1312 0.0673 0.1995 -0.5161 -0.1921
Free Cash Flow 1 -43.36 -41.4 -54.35 86.62 3.752 -10.41
FCF margin -5.99% -5.84% -9.21% 11.26% 0.62% -1.51%
FCF Conversion (EBITDA) - - - 119.89% 16.35% -
FCF Conversion (Net income) - - - 617.41% - -
Dividend per Share - 0.0129 0.0123 0.0212 - -
Announcement Date 4/12/19 6/5/20 4/8/21 4/7/22 4/11/23 4/11/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 213 254 304 305 317 330
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 3.195 x 3.085 x 4.693 x 4.223 x 13.81 x 6.452 x
Free Cash Flow 1 -43.4 -41.4 -54.3 86.6 3.75 -10.4
ROE (net income / shareholders' equity) -0.41% 1.67% 0.85% 2.47% -6.54% -2.55%
ROA (Net income/ Total Assets) 0.49% 1.2% 0.23% 0.88% -1.63% -0.25%
Assets 1 -452 770.5 2,056 1,598 2,231 5,448
Book Value Per Share 2 7.780 7.920 7.970 8.150 7.630 7.440
Cash Flow per Share 2 0.9500 1.790 0.9400 1.140 0.9600 1.280
Capex 1 23.5 35 27.3 25.4 59.3 11.1
Capex / Sales 3.24% 4.93% 4.62% 3.3% 9.82% 1.61%
Announcement Date 4/12/19 6/5/20 4/8/21 4/7/22 4/11/23 4/11/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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