Market Closed -
Hong Kong S.E.
04:08:27 2024-07-12 am EDT
|
5-day change
|
1st Jan Change
|
5.02
HKD
|
+0.60%
|
|
+28.39%
|
+13.06%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
13,344
|
12,964
|
9,708
|
4,404
|
4,780
|
5,522
|
-
|
-
|
Enterprise Value (EV)
1 |
14,315
|
12,244
|
8,912
|
4,231
|
4,538
|
6,727
|
6,021
|
6,122
|
P/E ratio
|
24.4
x
|
15.5
x
|
11.3
x
|
25.6
x
|
58.5
x
|
18.2
x
|
12.9
x
|
11
x
|
Yield
|
0.78%
|
0.38%
|
-
|
-
|
-
|
0.43%
|
0.81%
|
1.05%
|
Capitalization / Revenue
|
1.01
x
|
0.75
x
|
0.52
x
|
0.32
x
|
0.38
x
|
0.38
x
|
0.35
x
|
0.33
x
|
EV / Revenue
|
1.09
x
|
0.7
x
|
0.48
x
|
0.31
x
|
0.36
x
|
0.47
x
|
0.38
x
|
0.36
x
|
EV / EBITDA
|
15.4
x
|
8.83
x
|
6.21
x
|
11.1
x
|
13
x
|
8.54
x
|
6.38
x
|
5.8
x
|
EV / FCF
|
11.5
x
|
4
x
|
13.3
x
|
6.6
x
|
-8.81
x
|
19.3
x
|
10.2
x
|
9.18
x
|
FCF Yield
|
8.69%
|
25%
|
7.54%
|
15.1%
|
-11.4%
|
5.19%
|
9.8%
|
10.9%
|
Price to Book
|
4.58
x
|
3.41
x
|
2.06
x
|
0.92
x
|
0.99
x
|
1.07
x
|
1.01
x
|
0.94
x
|
Nbr of stocks (in thousands)
|
1,157,476
|
1,172,251
|
1,181,986
|
1,184,538
|
1,184,538
|
1,184,538
|
-
|
-
|
Reference price
2 |
11.53
|
11.06
|
8.213
|
3.718
|
4.036
|
4.661
|
4.661
|
4.661
|
Announcement Date
|
3/9/20
|
3/26/21
|
3/21/22
|
3/13/23
|
3/25/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
13,170
|
17,400
|
18,663
|
13,759
|
12,531
|
14,452
|
15,780
|
16,881
|
EBITDA
1 |
931.9
|
1,387
|
1,435
|
382.7
|
347.9
|
787.7
|
944.5
|
1,056
|
EBIT
1 |
640.5
|
1,002
|
935.4
|
-84.24
|
289
|
411.6
|
520.4
|
635.5
|
Operating Margin
|
4.86%
|
5.76%
|
5.01%
|
-0.61%
|
2.31%
|
2.85%
|
3.3%
|
3.76%
|
Earnings before Tax (EBT)
1 |
606.9
|
970.1
|
957.3
|
107.1
|
68.13
|
317.4
|
442.7
|
558.4
|
Net income
1 |
542.4
|
840.1
|
863
|
171.2
|
81.92
|
304.4
|
428.9
|
503.5
|
Net margin
|
4.12%
|
4.83%
|
4.62%
|
1.24%
|
0.65%
|
2.11%
|
2.72%
|
2.98%
|
EPS
2 |
0.4720
|
0.7140
|
0.7280
|
0.1450
|
0.0690
|
0.2564
|
0.3616
|
0.4254
|
Free Cash Flow
1 |
1,243
|
3,063
|
672.2
|
640.8
|
-515.1
|
349.4
|
590.4
|
666.6
|
FCF margin
|
9.44%
|
17.6%
|
3.6%
|
4.66%
|
-4.11%
|
2.42%
|
3.74%
|
3.95%
|
FCF Conversion (EBITDA)
|
133.42%
|
220.9%
|
46.83%
|
167.47%
|
-
|
44.36%
|
62.51%
|
63.14%
|
FCF Conversion (Net income)
|
229.23%
|
364.61%
|
77.9%
|
374.42%
|
-
|
114.77%
|
137.65%
|
132.38%
|
Dividend per Share
2 |
0.0900
|
0.0420
|
-
|
-
|
-
|
0.0199
|
0.0378
|
0.0489
|
Announcement Date
|
3/9/20
|
3/26/21
|
3/21/22
|
3/13/23
|
3/25/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2020 S2
|
2021 S1
|
2021 S2
|
2022 S1
|
2022 S2
|
2023 S1
|
2023 S2
|
2024 S1
|
2024 S2
|
2025 S1
|
2025 S2
|
2026 S1
|
---|
Net sales
1 |
8,109
|
8,802
|
8,598
|
9,336
|
9,327
|
7,095
|
6,664
|
5,477
|
7,054
|
6,872
|
8,134
|
7,207
|
8,376
|
7,700
|
EBITDA
|
571.3
|
-
|
844.2
|
881.6
|
553.8
|
268.8
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
412.7
|
360.2
|
641.9
|
675.5
|
259.9
|
37.39
|
-121.6
|
-85.6
|
186.3
|
93.67
|
178.7
|
157
|
196
|
209
|
Operating Margin
|
5.09%
|
4.09%
|
7.47%
|
7.24%
|
2.79%
|
0.53%
|
-1.83%
|
-1.56%
|
2.64%
|
1.36%
|
2.2%
|
2.18%
|
2.34%
|
2.71%
|
Earnings before Tax (EBT)
1 |
406.9
|
375
|
595.1
|
656.5
|
300.8
|
141.6
|
-34.51
|
8.215
|
59.92
|
97
|
219
|
-
|
-
|
-
|
Net income
1 |
361.5
|
335.5
|
504.6
|
570.7
|
292.2
|
166.2
|
4.988
|
20.8
|
61.12
|
101.7
|
217.7
|
165
|
200
|
219
|
Net margin
|
4.46%
|
3.81%
|
5.87%
|
6.11%
|
3.13%
|
2.34%
|
0.07%
|
0.38%
|
0.87%
|
1.48%
|
2.68%
|
2.29%
|
2.39%
|
2.84%
|
EPS
2 |
0.3140
|
0.2850
|
0.4290
|
0.4810
|
0.2470
|
0.1400
|
0.005000
|
0.0180
|
0.0510
|
0.0750
|
0.1650
|
0.1400
|
0.1700
|
0.1900
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
3/9/20
|
8/17/20
|
3/26/21
|
8/25/21
|
3/21/22
|
8/8/22
|
3/13/23
|
8/7/23
|
3/25/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
971
|
-
|
-
|
-
|
-
|
1,205
|
500
|
600
|
Net Cash position
1 |
-
|
720
|
796
|
174
|
242
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.042
x
|
-
|
-
|
-
|
-
|
1.53
x
|
0.5293
x
|
0.5683
x
|
Free Cash Flow
1 |
1,243
|
3,063
|
672
|
641
|
-515
|
349
|
590
|
667
|
ROE (net income / shareholders' equity)
|
21.8%
|
25.3%
|
20.3%
|
3.62%
|
1.71%
|
5.7%
|
7.62%
|
9.04%
|
ROA (Net income/ Total Assets)
|
6.35%
|
7.62%
|
7.06%
|
1.35%
|
0.6%
|
1.73%
|
2.56%
|
3.05%
|
Assets
1 |
8,537
|
11,019
|
12,226
|
12,667
|
13,614
|
17,631
|
16,766
|
16,499
|
Book Value Per Share
2 |
2.520
|
3.240
|
3.980
|
4.020
|
4.080
|
4.340
|
4.620
|
4.970
|
Cash Flow per Share
2 |
2.090
|
3.060
|
1.350
|
0.8900
|
-0.3200
|
0.5100
|
0.6600
|
0.6300
|
Capex
1 |
1,156
|
541
|
924
|
408
|
136
|
502
|
467
|
447
|
Capex / Sales
|
8.78%
|
3.11%
|
4.95%
|
2.96%
|
1.09%
|
3.47%
|
2.96%
|
2.65%
|
Announcement Date
|
3/9/20
|
3/26/21
|
3/21/22
|
3/13/23
|
3/25/24
|
-
|
-
|
-
|
Last Close Price
4.661
CNY Average target price
4.184
CNY Spread / Average Target -10.24% Consensus |
1st Jan change
|
Capi.
|
---|
| +13.06% | 762M | | +6.79% | 12.57B | | +21.78% | 3.73B | | +45.78% | 2.12B | | +57.80% | 1.2B | | +60.90% | 1.12B | | +58.15% | 1.07B | | -45.37% | 1.03B | | -39.37% | 997M | | -39.07% | 828M |
Photographic Equipment
|