Financials King's Flair International (Holdings) Limited

Equities

6822

KYG5258R1011

Home Furnishings

Delayed Hong Kong S.E. 02:14:16 2024-07-17 am EDT 5-day change 1st Jan Change
0.4 HKD -4.76% Intraday chart for King's Flair International (Holdings) Limited +2.56% -42.03%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 966 826 938 896 595 483
Enterprise Value (EV) 1 692.9 377.6 594.8 717.2 478 414
P/E ratio 8.19 x 6.63 x 8.22 x 9.44 x 25.8 x -32.6 x
Yield 8.33% 9.75% 8.58% 7.81% 3.53% 2.9%
Capitalization / Revenue 0.62 x 0.54 x 0.72 x 0.69 x 0.64 x 0.7 x
EV / Revenue 0.44 x 0.25 x 0.45 x 0.55 x 0.52 x 0.6 x
EV / EBITDA 4.44 x 2.39 x 3.78 x 5.81 x 11.9 x 22.4 x
EV / FCF -9.31 x 1.56 x 9.6 x 17.9 x 10.6 x -22.5 x
FCF Yield -10.7% 64% 10.4% 5.57% 9.48% -4.44%
Price to Book 1.43 x 1.16 x 1.52 x 1.43 x 0.98 x 0.85 x
Nbr of stocks (in thousands) 700,000 700,000 700,000 700,000 700,000 700,000
Reference price 2 1.380 1.180 1.340 1.280 0.8500 0.6900
Announcement Date 4/25/19 4/24/20 4/23/21 4/22/22 4/21/23 4/22/24
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,567 1,540 1,311 1,302 925.7 691.1
EBITDA 1 156 158.1 157.4 123.4 40.1 18.5
EBIT 1 146.3 152.2 147.8 113.1 29.99 8.829
Operating Margin 9.33% 9.88% 11.27% 8.69% 3.24% 1.28%
Earnings before Tax (EBT) 1 157.7 167.6 159.1 127.4 35.78 -9.21
Net income 1 118 124.9 114.1 94.91 23.25 -14.83
Net margin 7.53% 8.11% 8.7% 7.29% 2.51% -2.15%
EPS 2 0.1686 0.1780 0.1630 0.1356 0.0330 -0.0212
Free Cash Flow 1 -74.45 241.6 61.97 39.97 45.3 -18.38
FCF margin -4.75% 15.69% 4.73% 3.07% 4.89% -2.66%
FCF Conversion (EBITDA) - 152.86% 39.36% 32.41% 112.97% -
FCF Conversion (Net income) - 193.38% 54.32% 42.12% 194.87% -
Dividend per Share 2 0.1150 0.1150 0.1150 0.1000 0.0300 0.0200
Announcement Date 4/25/19 4/24/20 4/23/21 4/22/22 4/21/23 4/22/24
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 273 448 343 179 117 69
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -74.5 242 62 40 45.3 -18.4
ROE (net income / shareholders' equity) 19.5% 19.3% 18.7% 15.6% 4.31% -2.16%
ROA (Net income/ Total Assets) 9.37% 8.92% 9.58% 8.19% 2.18% 0.66%
Assets 1 1,260 1,401 1,190 1,159 1,065 -2,253
Book Value Per Share 2 0.9700 1.020 0.8800 0.9000 0.8600 0.8100
Cash Flow per Share 2 0.6000 0.6700 0.5300 0.3100 0.3300 0.2200
Capex 1 26.9 13.5 5.63 12.3 39.8 18.1
Capex / Sales 1.72% 0.88% 0.43% 0.94% 4.3% 2.61%
Announcement Date 4/25/19 4/24/20 4/23/21 4/22/22 4/21/23 4/22/24
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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