Financials Southwest Securities International Securities Limited

Equities

812

BMG8301A1099

Investment Banking & Brokerage Services

Delayed Hong Kong S.E. 03:08:19 2024-03-01 am EST 5-day change 1st Jan Change
0.03 HKD +36.36% Intraday chart for Southwest Securities International Securities Limited -.--% +42.86%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 354 1,080 531 190.4 106.2 76.9
Enterprise Value (EV) 1 1,410 1,166 341.5 85.05 153.8 96.27
P/E ratio -1.87 x -2.94 x -3.83 x -2.99 x -0.44 x -4.82 x
Yield - - - - - -
Capitalization / Revenue 5.75 x 9.43 x 3.84 x 3.96 x -0.69 x 3.16 x
EV / Revenue 22.9 x 10.2 x 2.47 x 1.77 x -1 x 3.96 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 11.9 x 2.56 x 1.87 x 0.87 x -5.03 x -2.07 x
Nbr of stocks (in thousands) 2,441,220 3,661,831 3,661,831 3,661,831 3,661,831 3,661,831
Reference price 2 0.1450 0.2950 0.1450 0.0520 0.0290 0.0210
Announcement Date 3/29/19 4/23/20 4/21/21 4/26/22 4/18/23 4/17/24
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 61.58 114.6 138.4 48.11 -153.1 24.32
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 -196.7 -346.8 -138.5 -58.98 -241.2 -15.94
Net income 1 -201.7 -344.6 -138.5 -58.98 -241.1 -15.94
Net margin -327.59% -300.8% -100.04% -122.6% 157.54% -65.55%
EPS 2 -0.0776 -0.1002 -0.0378 -0.0174 -0.0659 -0.004353
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 3/29/19 4/23/20 4/21/21 4/26/22 4/18/23 4/17/24
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,056 85.7 - - 47.6 19.4
Net Cash position 1 - - 189 105 - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) -145% -152% -39.3% -23.4% -243% 54.8%
ROA (Net income/ Total Assets) -9.55% -16.6% -6.68% -3.13% -18.8% -2.1%
Assets 1 2,113 2,081 2,072 1,882 1,282 759.3
Book Value Per Share 2 0.0100 0.1200 0.0800 0.0600 -0.0100 -0.0100
Cash Flow per Share 2 0.1800 0.2200 0.1000 0.0800 0.1000 0.1600
Capex 1 4.24 2.74 0.43 0.57 1.15 -
Capex / Sales 6.89% 2.39% 0.31% 1.19% -0.75% -
Announcement Date 3/29/19 4/23/20 4/21/21 4/26/22 4/18/23 4/17/24
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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