TRAVEL EXPERT (ASIA) ENTERPRISES LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.13 HKD | 0.00% |
|
+1.56% | +3.17% |
| Apr. 05 | Travel Expert Enterprises Limited Announces Change of Head Office and Principal Place of Business in Hong Kong | CI |
| 2023 | Travel Expert Asia Swings to Fiscal H1 Profit amid Revenue Surge | MT |
Valuation
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 313.3 | 216.7 | 92.28 | 117.3 | 91.77 | 91.77 |
| Enterprise Value (EV) 1 | 180.2 | 75.94 | 64.51 | 45.79 | 30.54 | 25.06 |
| P/E ratio | 224 x | -19 x | -2.04 x | -3.57 x | -5.12 x | -41.6 x |
| Yield | 3.28% | 4.71% | - | - | - | - |
| Capitalization / Revenue | 0.96 x | 0.71 x | 0.32 x | 18.3 x | 8.93 x | 2.28 x |
| EV / Revenue | 0.55 x | 0.25 x | 0.22 x | 7.13 x | 2.97 x | 0.62 x |
| EV / EBITDA | 678 x | -5.07 x | -4.38 x | -0.93 x | -1.53 x | -2.05 x |
| EV / FCF | -2.75 x | 2.36 x | -1.17 x | -0.69 x | 15.8 x | 4.42 x |
| FCF Yield | -36.4% | 42.4% | -85.6% | -144% | 6.34% | 22.6% |
| Price to Book | 1.92 x | 1.29 x | 0.83 x | 1.5 x | 1.5 x | 1.54 x |
| Nbr of stocks (in thousands) | 513,579 | 509,859 | 509,859 | 509,859 | 509,859 | 509,859 |
| Reference price 2 | 0.6100 | 0.4250 | 0.1810 | 0.2300 | 0.1800 | 0.1800 |
| Announcement Date | 7/17/18 | 7/16/19 | 7/14/20 | 7/19/21 | 7/21/22 | 7/20/23 |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 325.3 | 304.1 | 287.2 | 6.423 | 10.28 | 40.27 |
| EBITDA 1 | 0.266 | -14.97 | -14.71 | -49.08 | -20 | -12.23 |
| EBIT 1 | -8.202 | -20.72 | -18.28 | -50.82 | -20.46 | -12.81 |
| Operating Margin | -2.52% | -6.81% | -6.37% | -791.2% | -199.1% | -31.81% |
| Earnings before Tax (EBT) 1 | 0.863 | -13.86 | -44.87 | -33.12 | -18.14 | -2.223 |
| Net income 1 | 1.396 | -11.4 | -45.31 | -32.89 | -17.92 | -2.204 |
| Net margin | 0.43% | -3.75% | -15.78% | -512.07% | -174.36% | -5.47% |
| EPS 2 | 0.002718 | -0.0224 | -0.0889 | -0.0645 | -0.0351 | -0.004322 |
| Free Cash Flow 1 | -65.63 | 32.23 | -55.19 | -65.9 | 1.936 | 5.676 |
| FCF margin | -20.17% | 10.6% | -19.22% | -1,026% | 18.83% | 14.1% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share 2 | 0.0200 | 0.0200 | - | - | - | - |
| Announcement Date | 7/17/18 | 7/16/19 | 7/14/20 | 7/19/21 | 7/21/22 | 7/20/23 |
1HKD in Million2HKD
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 133 | 141 | 27.8 | 71.5 | 61.2 | 66.7 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | -65.6 | 32.2 | -55.2 | -65.9 | 1.94 | 5.68 |
| ROE (net income / shareholders' equity) | 0.14% | -8.34% | -32.5% | -34.7% | -25.7% | -3.65% |
| ROA (Net income/ Total Assets) | -1.43% | -3.75% | -4.29% | -20.4% | -12.6% | -8.2% |
| Assets 1 | -97.56 | 304.2 | 1,057 | 161.3 | 141.9 | 26.89 |
| Book Value Per Share 2 | 0.3200 | 0.3300 | 0.2200 | 0.1500 | 0.1200 | 0.1200 |
| Cash Flow per Share 2 | 0.1600 | 0.1800 | 0.0900 | 0.1000 | 0.1300 | 0.1000 |
| Capex 1 | 6 | 2 | 1.85 | 0.89 | 2.9 | 0.94 |
| Capex / Sales | 1.84% | 0.66% | 0.64% | 13.89% | 28.24% | 2.34% |
| Announcement Date | 7/17/18 | 7/16/19 | 7/14/20 | 7/19/21 | 7/21/22 | 7/20/23 |
1HKD in Million2HKD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +3.17% | 8.48M | |
| -4.90% | 3.63B | |
| -22.57% | 2.56B | |
| +23.12% | 1.21B | |
| -22.16% | 1.14B | |
| +11.67% | 1.03B | |
| -1.49% | 914M | |
| +33.59% | 869M | |
| +2.31% | 770M | |
| +0.71% | 765M |
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