Financials Activation Group Holdings Limited

Equities

9919

KYG0081C1087

Advertising & Marketing

Delayed Hong Kong S.E. 11:20:28 2024-07-11 pm EDT 5-day change 1st Jan Change
1.07 HKD 0.00% Intraday chart for Activation Group Holdings Limited -4.46% 0.00%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 493.1 890.5 638 724.3 740.8 - -
Enterprise Value (EV) 1 493.1 890.5 638 724.3 740.8 740.8 740.8
P/E ratio 21.2 x - - - - - -
Yield - 6.82% 1.36% 11.9% 8.76% 10.4% 12.2%
Capitalization / Revenue - 0.99 x 0.92 x 0.75 x 0.65 x 0.57 x 0.5 x
EV / Revenue - 0.99 x 0.92 x 0.75 x 0.65 x 0.57 x 0.5 x
EV / EBITDA - 5.8 x 10.5 x 4.36 x 3.93 x 3.31 x 2.83 x
EV / FCF - 5.21 x 11.1 x 6.37 x 4.25 x 4.28 x 3.9 x
FCF Yield - 19.2% 9.05% 15.7% 23.5% 23.4% 25.6%
Price to Book - 2.07 x 1.9 x 2.13 x 1.69 x 1.4 x 1.16 x
Nbr of stocks (in thousands) 760,836 753,718 744,742 744,742 744,742 - -
Reference price 2 0.6481 1.181 0.8567 0.9725 0.9947 0.9947 0.9947
Announcement Date 3/26/21 3/7/22 3/8/23 3/11/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - - 904.1 694.8 967.2 1,134 1,307 1,486
EBITDA 1 - - 153.6 61.03 166.2 188.7 224 262.1
EBIT 1 - - 149.1 55.9 161 191 226 264
Operating Margin - - 16.49% 8.05% 16.65% 16.84% 17.29% 17.77%
Earnings before Tax (EBT) - - - - - - - -
Net income 29.97 23.42 - - - - - -
Net margin - - - - - - - -
EPS 0.0499 0.0305 - - - - - -
Free Cash Flow 1 - - 170.9 57.72 113.7 174.2 173.1 189.8
FCF margin - - 18.9% 8.31% 11.76% 15.36% 13.24% 12.77%
FCF Conversion (EBITDA) - - 111.28% 94.58% 68.42% 92.32% 77.28% 72.42%
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - 0.0805 0.0117 0.1156 0.0872 0.1037 0.1211
Announcement Date 3/24/20 3/26/21 3/7/22 3/8/23 3/11/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - 171 57.7 114 174 173 190
ROE (net income / shareholders' equity) - - 24.1% 6.36% 33.2% 35.9% 35% 33.9%
ROA (Net income/ Total Assets) - - 14.2% 3.31% 15.7% 17% 18% 18.7%
Assets - - - - - - - -
Book Value Per Share 2 - - 0.5700 0.4500 0.4600 0.5900 0.7100 0.8600
Cash Flow per Share - - - - - - - -
Capex 1 - - 4.46 3.28 1.41 1.6 1.7 1.9
Capex / Sales - - 0.49% 0.47% 0.15% 0.14% 0.13% 0.13%
Announcement Date 3/24/20 3/26/21 3/7/22 3/8/23 3/11/24 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
0.9947 CNY
Average target price
2.102 CNY
Spread / Average Target
+111.32%
Consensus

Chiffre d''affaires - Rate of surprise

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