Financials Horizon Construction Development Limited

Equities

9930

KYG4R39T1073

Business Support Services

Market Closed - Hong Kong S.E. 04:08:09 2024-07-16 am EDT 5-day change 1st Jan Change
1.32 HKD +0.76% Intraday chart for Horizon Construction Development Limited -8.97% -71.24%

Valuation

Fiscal Period: December 2023 2024 2025 2026
Capitalization 1 13,339 3,922 - -
Enterprise Value (EV) 1 27,968 17,488 17,185 17,160
P/E ratio 13.2 x 3.14 x 2.65 x 2.28 x
Yield - - - -
Capitalization / Revenue 1.39 x 0.35 x 0.29 x 0.27 x
EV / Revenue 2.91 x 1.56 x 1.27 x 1.2 x
EV / EBITDA 6.24 x 3.62 x 3.1 x 3.01 x
EV / FCF 18,451,865 x - - -
FCF Yield 0% - - -
Price to Book 1.24 x 0.33 x 0.3 x 0.25 x
Nbr of stocks (in thousands) 3,197,244 3,197,244 - -
Reference price 2 4.172 1.218 1.218 1.218
Announcement Date 3/12/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2022 2023 2024 2025 2026
Net sales 1 7,878 9,611 11,179 13,538 14,321
EBITDA 1 - 4,480 4,838 5,543 5,702
EBIT 1 - 2,045 2,407 2,876 2,904
Operating Margin - 21.28% 21.53% 21.24% 20.28%
Earnings before Tax (EBT) 1 - 1,227 1,573 1,866 2,154
Net income 1 666.6 962.4 1,220 1,447 1,666
Net margin 8.46% 10.01% 10.91% 10.69% 11.64%
EPS 2 - 0.3160 0.3875 0.4600 0.5333
Free Cash Flow - 1,516 - - -
FCF margin - 15.77% - - -
FCF Conversion (EBITDA) - 33.83% - - -
FCF Conversion (Net income) - 157.49% - - -
Dividend per Share 2 - - - - -
Announcement Date 5/11/23 3/12/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2022 2023 2024 2025 2026
Net Debt 1 - 14,629 13,566 13,263 13,238
Net Cash position 1 - - - - -
Leverage (Debt/EBITDA) - 3.265 x 2.804 x 2.393 x 2.322 x
Free Cash Flow - 1,516 - - -
ROE (net income / shareholders' equity) - 11% 10.9% 12% 11.8%
ROA (Net income/ Total Assets) - 3.13% 4.19% 4.5% 4.39%
Assets 1 - 30,763 29,130 32,190 37,957
Book Value Per Share 2 - 3.370 3.670 4.120 4.810
Cash Flow per Share 2 - 1.300 1.400 1.530 1.770
Capex 1 - 2,435 2,582 3,033 3,398
Capex / Sales - 25.33% 23.09% 22.41% 23.72%
Announcement Date 5/11/23 3/12/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
1.218 CNY
Average target price
3.417 CNY
Spread / Average Target
+180.68%
Consensus

Annual profits - Rate of surprise

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