Market Closed -
Hong Kong S.E.
04:09:00 2024-05-03 am EDT
|
5-day change
|
1st Jan Change
|
364.4
HKD
|
+1.11%
|
|
+7.37%
|
+24.11%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
3,187,363
|
4,520,554
|
3,550,845
|
2,775,430
|
2,495,851
|
3,106,403
|
-
|
-
|
Enterprise Value (EV)
1 |
3,171,811
|
4,531,617
|
3,530,602
|
2,760,598
|
2,550,591
|
2,926,074
|
2,789,317
|
2,546,585
|
P/E ratio
|
34.8
x
|
28.7
x
|
16.1
x
|
15.3
x
|
22.4
x
|
21.2
x
|
18.1
x
|
15.4
x
|
Yield
|
0.32%
|
0.28%
|
0.35%
|
0.81%
|
1.17%
|
1.01%
|
1.21%
|
1.33%
|
Capitalization / Revenue
|
8.45
x
|
9.38
x
|
6.34
x
|
5
x
|
4.1
x
|
4.66
x
|
4.22
x
|
3.85
x
|
EV / Revenue
|
8.41
x
|
9.4
x
|
6.3
x
|
4.98
x
|
4.19
x
|
4.39
x
|
3.79
x
|
3.16
x
|
EV / EBITDA
|
23.1
x
|
26.6
x
|
20.4
x
|
16.8
x
|
10.8
x
|
11.6
x
|
10.1
x
|
8.39
x
|
EV / FCF
|
27.3
x
|
28.3
x
|
24.9
x
|
21.6
x
|
12.9
x
|
16.5
x
|
12.6
x
|
11.4
x
|
FCF Yield
|
3.66%
|
3.53%
|
4.02%
|
4.64%
|
7.77%
|
6.07%
|
7.91%
|
8.76%
|
Price to Book
|
7.45
x
|
6.4
x
|
4.4
x
|
3.9
x
|
3.12
x
|
3.35
x
|
2.87
x
|
2.61
x
|
Nbr of stocks (in thousands)
|
9,495,729
|
9,523,125
|
9,540,009
|
9,408,797
|
9,352,822
|
9,307,098
|
-
|
-
|
Reference price
2 |
335.7
|
474.7
|
372.2
|
295.0
|
266.9
|
333.8
|
333.8
|
333.8
|
Announcement Date
|
3/18/20
|
3/24/21
|
3/23/22
|
3/22/23
|
3/20/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
377,289
|
482,064
|
560,118
|
554,552
|
609,015
|
666,581
|
736,067
|
806,336
|
EBITDA
1 |
137,268
|
170,680
|
173,173
|
164,037
|
235,454
|
251,985
|
275,619
|
303,646
|
EBIT
1 |
118,694
|
184,237
|
271,620
|
235,706
|
160,074
|
203,149
|
231,345
|
256,360
|
Operating Margin
|
31.46%
|
38.22%
|
48.49%
|
42.5%
|
26.28%
|
30.48%
|
31.43%
|
31.79%
|
Earnings before Tax (EBT)
1 |
109,400
|
180,022
|
248,062
|
210,225
|
161,324
|
200,128
|
229,414
|
260,486
|
Net income
1 |
93,310
|
159,847
|
224,822
|
188,243
|
115,216
|
153,086
|
177,460
|
201,991
|
Net margin
|
24.73%
|
33.16%
|
40.14%
|
33.95%
|
18.92%
|
22.97%
|
24.11%
|
25.05%
|
EPS
2 |
9.643
|
16.52
|
23.16
|
19.34
|
11.89
|
15.75
|
18.48
|
21.61
|
Free Cash Flow
1 |
116,221
|
160,159
|
141,794
|
128,077
|
198,069
|
177,524
|
220,648
|
222,995
|
FCF margin
|
30.8%
|
33.22%
|
25.32%
|
23.1%
|
32.52%
|
26.63%
|
29.98%
|
27.66%
|
FCF Conversion (EBITDA)
|
84.67%
|
93.84%
|
81.88%
|
78.08%
|
84.12%
|
70.45%
|
80.06%
|
73.44%
|
FCF Conversion (Net income)
|
124.55%
|
100.2%
|
63.07%
|
68.04%
|
171.91%
|
115.96%
|
124.34%
|
110.4%
|
Dividend per Share
2 |
1.089
|
1.344
|
1.298
|
2.400
|
3.129
|
3.362
|
4.035
|
4.433
|
Announcement Date
|
3/18/20
|
3/24/21
|
3/23/22
|
3/22/23
|
3/20/24
|
-
|
-
|
-
|
Fiscal Period: December |
2021 Q3
|
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
---|
Net sales
1 |
142,368
|
144,188
|
135,471
|
134,034
|
140,093
|
144,954
|
149,986
|
149,208
|
154,625
|
155,196
|
158,583
|
162,195
|
169,199
|
171,582
|
-
|
EBITDA
1 |
49,257
|
36,568
|
38,283
|
38,628
|
43,124
|
44,002
|
52,656
|
56,848
|
61,301
|
59,494
|
60,996
|
61,522
|
64,627
|
65,083
|
-
|
EBIT
1 |
53,137
|
109,723
|
37,217
|
30,067
|
51,593
|
116,829
|
40,429
|
40,300
|
48,475
|
41,401
|
49,337
|
50,701
|
54,275
|
54,610
|
-
|
Operating Margin
|
37.32%
|
76.1%
|
27.47%
|
22.43%
|
36.83%
|
80.6%
|
26.96%
|
27.01%
|
31.35%
|
26.68%
|
31.11%
|
31.26%
|
32.08%
|
31.83%
|
-
|
Earnings before Tax (EBT)
1 |
45,527
|
99,593
|
29,002
|
23,798
|
45,946
|
111,479
|
37,859
|
38,168
|
47,789
|
37,508
|
48,349
|
50,173
|
54,582
|
55,648
|
-
|
Net income
1 |
39,510
|
94,958
|
23,413
|
18,619
|
39,943
|
106,268
|
25,838
|
26,171
|
36,182
|
27,025
|
35,785
|
36,837
|
40,920
|
42,282
|
-
|
Net margin
|
27.75%
|
65.86%
|
17.28%
|
13.89%
|
28.51%
|
73.31%
|
17.23%
|
17.54%
|
23.4%
|
17.41%
|
22.57%
|
22.71%
|
24.18%
|
24.64%
|
-
|
EPS
2 |
4.074
|
9.788
|
2.404
|
1.915
|
4.104
|
10.98
|
2.639
|
2.695
|
3.752
|
2.807
|
3.686
|
3.946
|
4.383
|
4.329
|
-
|
Dividend per Share
|
-
|
1.600
|
-
|
-
|
-
|
2.400
|
-
|
-
|
-
|
3.129
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
11/10/21
|
3/23/22
|
5/18/22
|
8/17/22
|
11/16/22
|
3/22/23
|
5/17/23
|
8/16/23
|
11/15/23
|
3/20/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
11,063
|
-
|
-
|
54,740
|
-
|
-
|
-
|
Net Cash position
1 |
15,552
|
-
|
20,243
|
14,832
|
-
|
180,329
|
317,085
|
559,818
|
Leverage (Debt/EBITDA)
|
-
|
0.0648
x
|
-
|
-
|
0.2325
x
|
-
|
-
|
-
|
Free Cash Flow
1 |
116,221
|
160,159
|
141,794
|
128,077
|
198,069
|
177,524
|
220,648
|
222,995
|
ROE (net income / shareholders' equity)
|
24.7%
|
28.1%
|
29.8%
|
24.6%
|
15.1%
|
18.7%
|
18.4%
|
18.7%
|
ROA (Net income/ Total Assets)
|
11.1%
|
14%
|
15.3%
|
11.8%
|
7.3%
|
9.69%
|
10%
|
10.4%
|
Assets
1 |
838,757
|
1,143,725
|
1,472,890
|
1,595,253
|
1,577,696
|
1,580,163
|
1,769,178
|
1,933,493
|
Book Value Per Share
2 |
45.10
|
74.20
|
84.60
|
75.70
|
85.50
|
99.50
|
116.0
|
128.0
|
Cash Flow per Share
2 |
15.50
|
20.10
|
18.10
|
15.10
|
23.10
|
22.80
|
26.20
|
30.80
|
Capex
1 |
32,369
|
33,960
|
33,392
|
18,014
|
23,893
|
35,151
|
39,121
|
39,635
|
Capex / Sales
|
8.58%
|
7.04%
|
5.96%
|
3.25%
|
3.92%
|
5.27%
|
5.31%
|
4.92%
|
Announcement Date
|
3/18/20
|
3/24/21
|
3/23/22
|
3/22/23
|
3/20/24
|
-
|
-
|
-
|
Last Close Price
333.8
CNY Average target price
386.8
CNY Spread / Average Target +15.89% Consensus |
1st Jan change
|
Capi.
|
---|
| +24.11% | 429B | | +16.08% | 244B | | +11.37% | 143B | | +16.30% | 101B | | +23.66% | 86.69B | | +56.55% | 58.56B | | +15.57% | 46.74B | | +15.33% | 35.13B | | +9.34% | 27.67B | | +59.46% | 20.21B |
Other Internet Services
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