Financials Pacific Textiles Holdings Limited

Equities

Delayed Hong Kong S.E. Other stock markets 03:48:13 2024-06-07 am EDT			5-day change	1st Jan Change
1.54 ^HKD	-0.65%		+1.99%	+14.07%

May. 24	Pacific Textiles’ Fiscal 2024 Profit to Plunge 61%	MT
May. 24	Pacific Textiles Holdings Limited Proposes Earnings Guidance for the Financial Year Ended 31 March 2024	CI

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	10,212	5,272	7,028	5,123	3,564	2,168	-	-
Enterprise Value (EV) ¹	9,937	5,205	6,841	5,157	3,663	2,168	2,168	2,168
P/E ratio	11.8 x	7.31 x	9.76 x	8.85 x	13.3 x	9.04 x	6.73 x	5.63 x
Yield	8.5%	11.8%	8.84%	9.64%	7.51%	9.95%	13.4%	16%
Capitalization / Revenue	1.67 x	0.96 x	1.31 x	0.84 x	0.71 x	0.47 x	0.42 x	0.36 x
EV / Revenue	1.67 x	0.96 x	1.31 x	0.84 x	0.71 x	0.47 x	0.42 x	0.36 x
EV / EBITDA	8.94 x	5.39 x	6.96 x	6.11 x	7.25 x	3.95 x	3.18 x	2.82 x
EV / FCF	11,829,022 x	7,712,572 x	13,996,036 x	12,490,028 x	-	-	-	-
FCF Yield	0%	0%	0%	0%	-	-	-	-
Price to Book	3.11 x	1.8 x	2.11 x	1.5 x	1.16 x	0.71 x	0.7 x	0.69 x
Nbr of stocks (in thousands)	1,446,423	1,413,332	1,411,208	1,411,208	1,408,521	1,398,791	-	-
Reference price ²	7.060	3.730	4.980	3.630	2.530	1.550	1.550	1.550
Announcement Date	6/20/19	6/18/20	6/24/21	6/23/22	6/23/23	-	-	-

¹HKD in Million²HKD

Estimates

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	6,119	5,476	5,385	6,066	5,019	4,601	5,189	5,963
EBITDA ¹	1,142	977.6	1,010	838.7	491.3	549.4	682.3	769
EBIT ¹	983.5	819.6	788.9	617	345.7	293.1	386.3	471.7
Operating Margin	16.07%	14.97%	14.65%	10.17%	6.89%	6.37%	7.44%	7.91%
Earnings before Tax (EBT) ¹	1,016	870.9	838.4	646.1	317.2	289.6	389	464.8
Net income ¹	861.8	743.5	721.5	572.7	268.6	241.7	324.6	387.9
Net margin	14.08%	13.58%	13.4%	9.44%	5.35%	5.25%	6.26%	6.5%
EPS ²	0.6000	0.5100	0.5100	0.4100	0.1900	0.1714	0.2302	0.2751
Free Cash Flow	863.3	683.5	502.1	410.1	-	-	-	-
FCF margin	14.11%	12.48%	9.32%	6.76%	-	-	-	-
FCF Conversion (EBITDA)	75.58%	69.92%	49.71%	48.9%	-	-	-	-
FCF Conversion (Net income)	100.17%	91.93%	69.6%	71.62%	-	-	-	-
Dividend per Share ²	0.6000	0.4400	0.4400	0.3500	0.1900	0.1543	0.2072	0.2476
Announcement Date	6/20/19	6/18/20	6/24/21	6/23/22	6/23/23	-	-	-

¹HKD in Million²HKD

Estimates

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	34.8	99.4	-	-	-
Net Cash position	275	66.5	187	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	0.0415 x	0.2023 x	-	-	-
Free Cash Flow	863	684	502	410	-	-	-	-
ROE (net income / shareholders' equity)	26.6%	25.6%	21.9%	16.9%	8.9%	7.83%	10.4%	12.3%
ROA (Net income/ Total Assets)	18.4%	16%	14.4%	10.3%	5.38%	4.43%	5.91%	6.9%
Assets ¹	4,679	4,660	5,012	5,578	4,993	5,452	5,492	5,624
Book Value Per Share ²	2.270	2.070	2.370	2.420	2.180	2.200	2.220	2.250
Cash Flow per Share	0.7500	0.6000	0.4400	0.4100	-	-	-	-
Capex	220	187	202	122	364	-	-	-
Capex / Sales	3.59%	3.41%	3.76%	2.01%	7.26%	-	-	-
Announcement Date	6/20/19	6/18/20	6/24/21	6/23/22	6/23/23	-	-	-

¹HKD in Million²HKD

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

1.55 HKD

Average target price

3.94 HKD

Spread / Average Target

+154.19%

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