Financials Crystal International Group Limited

Equities

2232

KYG2701R1011

Apparel & Accessories

Market Closed - Hong Kong S.E. 04:08:13 2024-07-03 am EDT 5-day change 1st Jan Change
3.88 HKD -1.77% Intraday chart for Crystal International Group Limited +0.26% +33.79%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,176 875.8 958.8 887.7 1,059 1,442 - -
Enterprise Value (EV) 1 1,186 670.8 725.1 887.7 516.1 940.3 844.9 703
P/E ratio 7.73 x 8.1 x 5.88 x 5.14 x 6.48 x 7.57 x 6.75 x 6.06 x
Yield 3.91% 3.69% 5.23% - 6.2% 5.7% 7.11% 8.14%
Capitalization / Revenue 0.48 x 0.44 x 0.41 x 0.36 x 0.49 x 0.59 x 0.53 x 0.48 x
EV / Revenue 0.49 x 0.34 x 0.31 x 0.36 x 0.24 x 0.38 x 0.31 x 0.23 x
EV / EBITDA 4.14 x 2.79 x 2.62 x 2.81 x 1.77 x 3 x 2.42 x 1.84 x
EV / FCF 5.84 x 2.52 x 5.83 x - - 6.86 x 4.02 x 2.64 x
FCF Yield 17.1% 39.6% 17.2% - - 14.6% 24.9% 37.8%
Price to Book 1.08 x 0.75 x 0.74 x - - 0.95 x 0.87 x 0.8 x
Nbr of stocks (in thousands) 2,852,822 2,852,822 2,852,822 2,852,822 2,852,822 2,852,822 - -
Reference price 2 0.4121 0.3070 0.3361 0.3112 0.3714 0.5055 0.5055 0.5055
Announcement Date 3/19/20 3/18/21 3/16/22 3/23/23 3/21/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,428 1,985 2,341 2,491 2,177 2,463 2,721 3,007
EBITDA 1 286.7 240.6 276.6 315.7 291.9 313.7 349 382.2
EBIT 1 189.1 143.6 183.7 223.1 207.5 223.4 251 282
Operating Margin 7.79% 7.23% 7.85% 8.96% 9.53% 9.07% 9.22% 9.38%
Earnings before Tax (EBT) 1 174.3 123.1 191.8 212.7 195.1 228.5 256.3 287.4
Net income 1 151.9 108.1 163.1 172.7 163.5 189.3 210.7 233.4
Net margin 6.26% 5.44% 6.97% 6.93% 7.51% 7.69% 7.74% 7.76%
EPS 2 0.0533 0.0379 0.0572 0.0605 0.0573 0.0668 0.0749 0.0834
Free Cash Flow 1 203.2 265.9 124.5 - - 137 210 266
FCF margin 8.37% 13.39% 5.32% - - 5.56% 7.72% 8.85%
FCF Conversion (EBITDA) 70.88% 110.51% 44.99% - - 43.67% 60.18% 69.59%
FCF Conversion (Net income) 133.75% 245.99% 76.31% - - 72.36% 99.68% 113.96%
Dividend per Share 2 0.0161 0.0113 0.0176 - 0.0230 0.0288 0.0360 0.0412
Announcement Date 3/19/20 3/18/21 3/16/22 3/23/23 3/21/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2023 S1 2023 S2
Net sales 1 1,284 - 1,168
EBITDA 1 161.1 - 132.2
EBIT 1 110.8 - 110.3
Operating Margin 8.63% - 9.45%
Earnings before Tax (EBT) 1 104.1 - 104.8
Net income 1 91.84 73,642 89.84
Net margin 7.15% - 7.69%
EPS - 0.0258 -
Dividend per Share - - -
Announcement Date 3/19/20 8/23/23 3/21/24
1USD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 10.6 - - - - - - -
Net Cash position 1 - 205 234 - 543 502 597 739
Leverage (Debt/EBITDA) 0.037 x - - - - - - -
Free Cash Flow 1 203 266 124 - - 137 210 266
ROE (net income / shareholders' equity) 14.6% 10.6% 13.3% - 11.8% 12.8% 13.5% 14.1%
ROA (Net income/ Total Assets) 8.31% - - - 8.45% 9.54% 9.93% 10.1%
Assets 1 1,828 - - - 1,935 1,985 2,123 2,309
Book Value Per Share 2 0.3800 0.4100 0.4500 - - 0.5300 0.5800 0.6300
Cash Flow per Share 2 0.1100 0.1100 0.0700 - - 0.0800 0.0900 0.1000
Capex 1 110 58 65.4 - - 137 131 142
Capex / Sales 4.54% 2.92% 2.79% - - 5.58% 4.81% 4.71%
Announcement Date 3/19/20 3/18/21 3/16/22 3/23/23 3/21/24 - - -
1USD in Million2USD
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
6
Last Close Price
0.5055 USD
Average target price
0.582 USD
Spread / Average Target
+15.13%
Consensus

Annual profits - Rate of surprise

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