Financials Chow Tai Fook Jewellery Group Limited Deutsche Boerse AG

Equities

1CT

KYG211461085

Apparel & Accessories

Market Closed - Deutsche Boerse AG 02:08:00 2024-07-12 am EDT 5-day change 1st Jan Change
0.96 EUR +1.05% Intraday chart for Chow Tai Fook Jewellery Group Limited +3.23% -26.72%

Valuation

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 54,900 118,800 142,600 155,800 115,258 86,294 - -
Enterprise Value (EV) 1 70,392 124,911 152,444 165,007 136,186 99,607 98,603 96,074
P/E ratio 18.9 x 19.7 x 21.3 x 29 x 17.8 x 10.7 x 9.95 x 9.59 x
Yield 4.37% 3.37% 3.51% 3.21% 4.77% 7.38% 7.87% 8.79%
Capitalization / Revenue 0.97 x 1.69 x 1.44 x 1.65 x 1.06 x 0.79 x 0.74 x 0.71 x
EV / Revenue 1.24 x 1.78 x 1.54 x 1.74 x 1.25 x 0.92 x 0.84 x 0.79 x
EV / EBITDA 12.3 x 12.8 x 14.8 x 15.3 x 10 x 7.82 x 7.1 x 6.76 x
EV / FCF 9.5 x 18.8 x 12.3 x 26.7 x 10.6 x 12.1 x 11.6 x 11.2 x
FCF Yield 10.5% 5.32% 8.14% 3.74% 9.45% 8.28% 8.61% 8.97%
Price to Book 2.08 x 3.86 x 4.13 x 4.81 x 4.48 x 3.1 x 2.81 x 2.68 x
Nbr of stocks (in thousands) 10,000,000 10,000,000 10,000,000 10,000,000 9,987,737 9,987,737 - -
Reference price 2 5.490 11.88 14.26 15.58 11.54 8.640 8.640 8.640
Announcement Date 6/11/20 6/8/21 6/9/22 6/8/23 6/13/24 - - -
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net sales 1 56,751 70,164 98,938 94,684 108,713 108,570 117,037 120,919
EBITDA 1 5,718 9,775 10,290 10,773 13,581 12,738 13,893 14,216
EBIT 1 4,686 8,689 9,080 9,439 12,163 11,952 12,718 13,310
Operating Margin 8.26% 12.38% 9.18% 9.97% 11.19% 11.01% 10.87% 11.01%
Earnings before Tax (EBT) 1 4,204 8,395 8,983 7,446 8,728 10,992 11,846 12,266
Net income 1 2,901 6,026 6,712 5,384 6,499 8,059 8,688 9,008
Net margin 5.11% 8.59% 6.78% 5.69% 5.98% 7.42% 7.42% 7.45%
EPS 2 0.2900 0.6030 0.6710 0.5380 0.6500 0.8056 0.8687 0.9006
Free Cash Flow 1 7,412 6,646 12,408 6,174 12,872 8,250 8,493 8,614
FCF margin 13.06% 9.47% 12.54% 6.52% 11.84% 7.6% 7.26% 7.12%
FCF Conversion (EBITDA) 129.61% 67.99% 120.58% 57.31% 94.79% 64.77% 61.13% 60.59%
FCF Conversion (Net income) 255.5% 110.28% 184.85% 114.66% 198.06% 102.37% 97.75% 95.63%
Dividend per Share 2 0.2400 0.4000 0.5000 0.5000 0.5500 0.6376 0.6798 0.7591
Announcement Date 6/11/20 6/8/21 6/9/22 6/8/23 6/13/24 - - -
1HKD in Million2HKD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2
Net sales 1 27,218 24,673 45,490 44,186 54,752 46,535 48,149 49,526 59,187 42,743 60,488
EBITDA - - - - - - - - - - -
EBIT 1 2,268 3,456 5,233 4,840 4,241 4,349 5,090 5,989 6,174 5,214 6,409
Operating Margin 8.33% 14.01% 11.5% 10.95% 7.75% 9.35% 10.57% 12.09% 10.43% 12.2% 10.6%
Earnings before Tax (EBT) 1 - - - - - - - 6,074 2,655 5,262 5,875
Net income 1 - 2,232 3,794 - 3,132 3,336 2,049 4,551 1,948 3,861 4,325
Net margin - 9.05% 8.34% - 5.72% 7.17% 4.26% 9.19% 3.29% 9.03% 7.15%
EPS 2 0.1400 0.2230 0.3800 0.3580 0.3130 0.3340 0.2040 0.4550 0.1950 0.3300 0.4700
Dividend per Share - - - - - - - - - - -
Announcement Date 6/11/20 11/24/20 6/8/21 11/23/21 6/9/22 11/24/22 6/8/23 11/23/23 6/13/24 - -
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 15,492 6,111 9,844 9,207 20,928 13,312 12,309 9,780
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.709 x 0.6252 x 0.9567 x 0.8546 x 1.541 x 1.045 x 0.886 x 0.688 x
Free Cash Flow 1 7,412 6,646 12,408 6,174 12,872 8,250 8,493 8,614
ROE (net income / shareholders' equity) 10.2% 21.1% 20.9% 16.5% 22.4% 28.8% 29% 28.9%
ROA (Net income/ Total Assets) 4.55% 9.3% 8.83% 6.15% 7.38% 8.69% 9.39% 9.2%
Assets 1 63,740 64,776 76,023 87,538 88,080 92,710 92,539 97,904
Book Value Per Share 2 2.630 3.080 3.460 3.240 2.570 2.780 3.080 3.220
Cash Flow per Share 2 0.8400 0.7500 1.390 1.010 1.380 1.290 1.000 1.080
Capex 1 973 839 1,531 1,982 963 1,413 1,443 1,532
Capex / Sales 1.71% 1.2% 1.55% 2.09% 0.89% 1.3% 1.23% 1.27%
Announcement Date 6/11/20 6/8/21 6/9/22 6/8/23 6/13/24 - - -
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
21
Last Close Price
8.64 HKD
Average target price
12.35 HKD
Spread / Average Target
+42.99%
Consensus
  1. Stock Market
  2. Equities
  3. 1929 Stock
  4. 1CT Stock
  5. Financials Chow Tai Fook Jewellery Group Limited