pww.comNew China Life Insurance Company Ltd. - SEHK:1336

Profile

Price

HKD$ 24.35

()

Market Cap

HKD$ 134.371B

Shares Out

5385.875 M

Employees

30662

Dividends

Yield

4.35 %

Payout (TTM)

16.01 %

DPS (TTM)

1.39

DPS Growth 3Yr

-4.05 %

DPS Growth 5Yr

135.47 %

DPS Growth 10Yr

465.84 %

FinancialHealth

Cash

-

Net Debt

HKD$ -0.786B

Debt/Equity (TTM)

34.3 %

Returns(TTM)

ROA

1.19 %

ROE

20.89 %

ROCE

0.54 %

Valuation(TTM)

P/E

7.485

P/B

1.632

P/FCF

0.982 %

Margins(TTM)

Gross

136.17 %

Operating

12.04 %

Pre-Tax

26.53 %

Net

26.56 %

FCFPS

39.978 %

Growth(CAGR)

RevPS 3Yr

-0.65 %

RevPS 5Yr

-0.531 %

RevPS 10Yr

-0.444 %

NetIncomePS 3Yr

-0.391 %

NetIncomePS 5Yr

0.098 %

NetIncomePS 10Yr

0.965 %

  • Last Price

    HKD$ 24.35

  • 5D

    1.037%

  • 1M

    9.438%

  • 3M

    -9.480%

  • 1Y

    78.781%

New China Life Insurance Company Ltd. shows strong bullish indicators, including a 13.6% revenue growth and an 11.1% net profit increase in H1 2024, driven by improved investment returns and a focus on high-margin products. The company is enhancing its customer service through a comprehensive service ecosystem and digital technologies. However, it faces bearish challenges such as interest rate sensitivity, regulatory changes affecting sales strategies, intense market competition, and operational issues like declining agent headcount. The company's management is focused on risk management and innovation to navigate these challenges and leverage long-term growth opportunities. Investors should watch its adaptability in the evolving market.

Valuation And Growth

Segments

Guidance and Outlook

Bulls - Bears Say

1Y

3Y

5Y

ALL

For the Fiscal PeriodFeb-28-2025Jan-31-2025Dec-31-2024Nov-30-2024Oct-31-2024Sep-30-2024Aug-31-2024Jul-31-2024Jun-30-2024May-31-2024Apr-30-2024Mar-31-2024Feb-29-2024Jan-31-2024Dec-31-2023Nov-30-2023Oct-31-2023Sep-30-2023Aug-31-2023Jul-31-2023Jun-30-2023May-31-2023Apr-30-2023Mar-31-2023Feb-28-2023Jan-31-2023Dec-31-2022Nov-30-2022Oct-31-2022Sep-30-2022Aug-31-2022Jul-31-2022Jun-30-2022May-31-2022Apr-30-2022Mar-31-2022Feb-28-2022Jan-31-2022Dec-31-2021Nov-30-2021Oct-31-2021Sep-30-2021Aug-31-2021Jul-31-2021Jun-30-2021May-31-2021Apr-30-2021Mar-31-2021Feb-28-2021Jan-31-2021Dec-31-2020Nov-30-2020Oct-31-2020Sep-30-2020Aug-31-2020Jul-31-2020Jun-30-2020May-31-2020Apr-30-2020Mar-31-2020Feb-29-2020Jan-31-2020Dec-31-2019Nov-30-2019Oct-31-2019Sep-30-2019Aug-31-2019Jul-31-2019Jun-30-2019May-31-2019Apr-30-2019Mar-31-2019Feb-28-2019Jan-31-2019Dec-31-2018Nov-30-2018Oct-31-2018Sep-30-2018Aug-31-2018Jul-31-2018Jun-30-2018May-31-2018Apr-30-2018Mar-31-2018Feb-28-2018Jan-31-2018Dec-31-2017Nov-30-2017Oct-31-2017Sep-30-2017Aug-31-2017Jul-31-2017Jun-30-2017May-31-2017Apr-30-2017Mar-31-2017Feb-28-2017Jan-31-2017Dec-31-2016Nov-30-2016Oct-31-2016Sep-30-2016Aug-31-2016Jul-31-2016Jun-30-2016May-31-2016Apr-30-2016Mar-31-2016Feb-29-2016Jan-31-2016Dec-31-2015Nov-30-2015Oct-31-2015Sep-30-2015Aug-31-2015Jul-31-2015Jun-30-2015May-31-2015Apr-30-2015Mar-31-2015Jan-31-2015Dec-31-2014Nov-30-2014Oct-31-2014Sep-30-2014Aug-31-2014Jul-31-2014Jun-30-2014May-31-2014Apr-30-2014Mar-31-2014Feb-28-2014Jan-31-2014Dec-31-2013Nov-30-2013Oct-31-2013Sep-30-2013Aug-31-2013Jul-31-2013Jun-30-2013May-31-2013Apr-30-2013Mar-31-2013Feb-28-2013Jan-31-2013Dec-31-2012Nov-30-2012Oct-31-2012Sep-30-2012Aug-31-2012Jul-31-2012Jun-30-2012May-31-2012Apr-30-2012Mar-31-2012Feb-29-2012Jan-31-2012Dec-31-2011

Valuation Multiples

TEV/LTM Unlevered FCF

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40.02

42.13

43.87

40.36

42.32

82.26

81.79

-

-

-

-

-

38.59

33.40

33.21

35.11

36.90

110.62

102.21

47.41

42.02

42.73

43.02

3.37

14.91

16.50

18.61

17.03

17.22

2.76

2.99

11.66

10.39

10.73

9.58

4.74

20.42

20.86

20.01

21.08

19.28

-

-

-

-

-

-

12.44

-

-

-

-

-

-

-

41.45

54.04

53.51

50.52

-

56.52

53.16

47.32

38.04

-

-

20.13

18.20

17.60

17.27

5.34

87.20

86.13

89.90

92.86

87.04

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

48.08

-

-

-

Market Cap/LTM Levered FCF

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

41.20

43.82

45.96

41.62

44.04

100.53

99.81

-

-

-

-

-

46.43

39.37

39.11

41.69

44.13

-

-

63.09

55.01

56.08

56.51

3.10

13.84

15.56

17.85

16.13

16.34

2.54

2.78

10.05

8.71

9.07

7.85

4.17

19.33

19.85

18.86

20.10

17.99

-

-

-

-

-

-

13.21

-

-

-

-

-

-

-

47.23

66.72

65.89

61.27

-

69.30

63.98

54.75

40.09

-

-

20.19

17.62

16.81

16.37

3.32

231.22

226.03

244.40

258.88

230.46

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

52.81

-

-

-

P/LTM Normalized EPS

11.15

11.15

11.64

11.09

11.24

34.32

24.57

61.05

57.35

62.16

60.15

27.02

-

-

-

-

-

25.05

27.55

20.42

16.53

16.54

17.46

23.42

19.77

19.74

19.08

18.19

14.82

16.53

17.68

16.68

18.52

16.22

17.16

11.26

11.94

11.75

12.19

11.88

12.28

10.90

11.02

11.63

13.19

14.64

13.97

15.55

18.58

17.24

20.68

21.84

22.90

24.46

23.58

17.39

14.56

14.39

14.78

14.97

16.25

17.65

18.08

16.37

17.55

19.23

19.05

25.27

25.03

23.47

26.13

25.43

23.21

19.48

19.55

20.53

21.65

24.27

22.05

30.03

26.11

26.32

26.37

30.72

35.51

40.49

47.27

42.07

43.04

36.97

40.09

38.86

34.76

35.89

30.33

32.74

35.55

37.05

35.14

37.12

33.94

33.28

35.26

22.55

22.91

23.98

22.63

17.95

15.74

17.14

24.30

20.48

19.78

15.24

16.41

21.50

30.53

29.41

26.92

35.86

33.49

31.53

26.65

18.74

17.23

17.07

23.79

20.28

19.42

19.18

19.88

57.43

57.43

61.04

64.29

60.16

31.53

31.54

35.16

39.33

39.54

38.22

42.62

18.00

18.37

18.53

11.88

14.09

38.74

40.57

37.34

41.25

39.40

40.92

30.63

32.44

33.27

30.37

P/LTM EPS

7.49

7.49

7.82

7.45

7.55

14.78

10.52

14.84

13.94

15.11

14.62

10.69

12.67

11.82

12.03

12.08

12.91

10.83

11.91

10.47

8.48

8.48

8.96

9.69

11.90

11.88

11.49

10.95

8.92

8.78

9.38

9.07

10.06

8.82

9.33

7.38

7.86

7.73

8.02

7.82

8.08

7.54

7.62

7.92

8.98

9.97

9.51

10.60

12.84

11.91

14.29

15.09

15.82

15.84

15.27

10.41

8.72

8.62

8.86

8.53

10.42

11.32

11.60

10.50

11.26

11.99

11.88

19.99

19.80

18.56

20.67

21.15

19.49

16.35

16.41

17.24

18.17

19.83

18.01

24.98

21.72

21.89

21.94

26.67

31.61

36.05

42.08

37.45

38.32

36.58

39.67

37.55

33.59

34.68

29.31

26.70

29.19

30.43

28.85

30.48

27.87

24.81

26.29

17.78

18.07

18.91

17.85

14.72

12.13

13.20

18.72

15.78

15.24

11.90

12.81

15.87

22.53

21.70

19.87

25.86

24.20

22.78

19.25

13.54

12.77

12.65

17.13

14.60

13.98

13.81

14.24

14.63

14.63

15.55

16.37

15.32

22.12

22.13

19.06

21.32

21.43

20.71

23.30

29.49

30.10

30.37

19.47

23.09

23.97

25.11

35.63

39.36

37.60

39.05

23.15

20.60

21.12

19.28

P/BV

1.63

1.63

1.70

1.62

1.65

1.61

1.14

1.06

1.00

1.08

1.05

0.89

0.94

0.88

0.90

0.90

0.96

1.02

1.13

1.17

0.94

0.94

1.00

0.92

0.97

0.97

0.94

0.89

0.73

0.80

0.86

0.89

0.99

0.86

0.91

1.02

1.13

1.12

1.16

1.13

1.17

1.18

1.19

1.22

1.38

1.53

1.46

1.49

1.73

1.61

1.93

2.04

2.13

2.12

2.05

1.88

1.58

1.56

1.60

1.47

1.73

1.88

1.92

1.74

1.87

1.98

1.96

2.37

2.35

2.20

2.45

2.55

2.35

1.97

1.98

2.08

2.19

2.39

2.17

2.34

2.03

2.05

2.05

2.25

2.58

2.94

3.43

3.06

3.13

2.86

3.11

2.90

2.60

2.68

2.27

2.23

2.34

2.44

2.31

2.44

2.24

2.23

2.36

2.16

2.20

2.30

2.17

2.19

1.94

2.11

2.99

2.52

2.44

1.96

2.11

2.49

3.54

3.41

3.12

3.42

3.49

3.29

2.78

1.95

1.76

1.75

1.89

1.61

1.55

1.53

1.60

1.67

1.67

1.78

1.87

1.75

1.89

1.89

1.84

2.06

2.07

2.00

1.90

2.62

2.68

2.70

1.73

2.05

2.19

2.29

2.89

3.19

3.05

3.17

2.86

-

-

-

P/Tangible BV

1.70

1.70

1.78

1.69

1.72

1.68

1.20

1.11

1.04

1.13

1.09

0.92

0.98

0.91

0.93

0.93

1.00

1.06

1.17

1.20

0.97

0.98

1.03

0.96

1.01

1.01

0.97

0.93

0.76

0.84

0.89

0.92

1.02

0.90

0.95

1.05

1.18

1.16

1.20

1.17

1.21

1.22

1.23

1.26

1.43

1.59

1.52

1.55

1.80

1.67

2.00

2.12

2.22

2.21

2.13

1.96

1.64

1.63

1.67

1.54

1.81

1.96

2.01

1.82

1.95

2.08

2.06

2.49

2.47

2.32

2.58

2.70

2.41

2.03

2.03

2.13

2.25

2.46

2.24

2.41

2.09

2.11

2.11

2.32

2.65

3.02

3.53

3.14

3.21

2.95

3.20

2.99

2.67

2.76

2.33

2.30

2.41

2.51

2.38

2.52

2.30

2.30

2.44

2.23

2.26

2.37

2.24

2.25

2.00

2.17

3.08

2.60

2.51

2.02

2.17

2.57

3.64

3.51

3.21

3.53

3.61

3.40

2.87

2.02

1.83

1.81

1.96

1.67

1.60

1.58

1.67

1.74

1.74

1.85

1.94

1.82

1.89

1.89

1.85

2.06

2.08

2.01

1.91

2.63

2.68

2.71

1.74

2.06

2.19

2.30

2.90

3.20

3.06

3.17

2.86

-

-

-

TEV/LTM Total Revenue

5.24

5.24

5.30

5.22

5.28

3.91

3.24

3.55

3.45

3.59

3.52

4.13

0.84

0.81

0.82

0.82

0.86

0.65

0.69

0.77

0.68

0.67

0.70

0.61

0.55

0.55

0.54

0.52

0.44

0.45

0.48

0.46

0.51

0.46

0.48

0.66

0.53

0.52

0.53

0.52

0.54

0.46

0.46

0.47

0.54

0.60

0.58

0.82

0.76

0.72

0.83

0.87

0.89

0.98

0.97

0.99

0.88

0.87

0.89

0.95

0.89

0.94

0.98

0.90

0.94

1.03

1.03

0.94

0.93

0.88

0.98

1.02

1.03

0.90

0.89

0.94

0.99

1.03

0.95

1.05

0.93

0.95

0.95

0.98

1.22

1.35

1.53

1.40

1.41

1.29

1.39

1.51

1.35

1.39

1.24

0.99

1.12

1.14

1.10

1.16

1.06

1.05

1.07

0.89

0.90

0.92

0.88

0.74

0.67

0.73

0.95

0.84

0.83

0.72

0.74

1.04

1.35

1.34

1.27

1.46

1.28

1.21

1.07

0.86

0.72

0.72

0.68

0.61

0.59

0.58

0.82

1.08

1.07

1.12

1.15

1.08

0.95

0.94

0.93

1.00

1.03

1.03

0.95

1.13

1.13

1.13

0.90

0.98

0.99

1.00

1.09

1.19

1.16

1.22

0.95

1.02

0.99

1.10

Market Cap/LTM Total Revenue

1.99

1.99

2.05

1.97

2.02

2.28

1.62

1.89

1.79

1.93

1.86

1.66

0.43

0.40

0.41

0.41

0.44

0.46

0.50

0.54

0.45

0.45

0.48

0.39

0.40

0.40

0.39

0.37

0.29

0.33

0.36

0.36

0.41

0.36

0.37

0.42

0.45

0.44

0.45

0.44

0.46

0.47

0.48

0.48

0.55

0.61

0.59

0.62

0.64

0.60

0.70

0.75

0.77

0.78

0.77

0.72

0.61

0.59

0.62

0.61

0.74

0.79

0.83

0.75

0.79

0.83

0.82

0.89

0.88

0.83

0.93

0.97

0.92

0.78

0.77

0.82

0.87

0.93

0.85

0.93

0.81

0.83

0.84

0.88

1.05

1.18

1.35

1.22

1.24

1.17

1.28

1.23

1.07

1.11

0.96

0.84

0.90

0.93

0.88

0.94

0.84

0.83

0.85

0.73

0.74

0.76

0.72

0.69

0.54

0.60

0.83

0.72

0.71

0.62

0.64

0.77

1.08

1.07

0.99

1.03

1.00

0.92

0.79

0.58

0.50

0.50

0.51

0.45

0.43

0.42

0.48

0.59

0.58

0.62

0.66

0.59

0.60

0.59

0.57

0.65

0.67

0.67

0.61

0.73

0.73

0.73

0.51

0.58

0.63

0.64

0.75

0.85

0.82

0.89

0.80

0.89

0.86

0.96

TEV/LTM EBITDA

12.36

12.36

12.50

12.31

12.44

10.92

9.14

18.65

18.13

18.89

18.52

20.04

-

-

-

-

-

20.86

22.15

12.42

10.94

10.88

11.32

14.33

11.62

11.75

11.40

11.06

9.40

9.24

9.88

8.79

9.64

8.77

9.02

8.04

6.12

6.05

6.15

6.04

6.26

4.67

4.72

4.95

5.73

6.34

6.16

9.09

9.77

9.25

10.57

11.12

11.44

13.34

13.17

11.19

9.93

9.77

10.06

10.65

9.55

10.05

10.47

9.63

10.10

11.15

11.09

12.94

12.76

12.07

13.49

12.91

12.16

10.53

10.46

11.06

11.63

12.26

11.32

14.21

12.59

12.81

12.89

14.11

18.78

20.78

23.44

21.44

21.69

18.35

19.91

23.01

20.51

21.18

18.90

18.31

19.79

20.22

19.40

20.43

18.68

18.77

19.12

12.17

12.31

12.57

11.99

8.83

8.47

9.21

12.05

10.68

10.55

8.38

8.60

12.72

16.59

16.43

15.51

21.08

18.85

17.73

15.78

12.69

11.29

11.30

13.09

11.83

11.44

11.23

13.88

31.67

31.28

32.65

33.72

31.61

19.07

18.91

21.02

22.66

23.17

23.20

24.82

15.44

15.48

15.46

12.37

13.38

28.31

28.63

25.74

28.06

27.35

28.84

22.48

40.79

39.63

43.76

TEV/LTM EBIT

13.17

13.17

13.32

13.12

13.26

11.86

9.94

23.18

22.53

23.47

23.02

24.14

-

-

-

-

-

27.41

29.11

14.19

12.50

12.43

12.93

17.52

13.86

14.01

13.59

13.19

11.21

10.91

11.67

10.18

11.16

10.16

10.45

8.77

6.61

6.54

6.64

6.53

6.77

4.99

5.04

5.30

6.14

6.79

6.59

9.79

10.55

9.98

11.41

12.00

12.35

14.35

14.17

11.99

10.63

10.47

10.78

11.47

9.89

10.41

10.84

9.97

10.46

11.97

11.90

13.48

13.29

12.58

14.05

13.46

12.67

10.97

10.90

11.53

12.11

12.73

11.76

14.86

13.17

13.40

13.49

14.78

19.59

21.68

24.45

22.37

22.63

19.19

20.82

24.03

21.42

22.11

19.74

19.21

20.68

21.13

20.27

21.35

19.53

19.67

20.04

12.57

12.71

12.97

12.37

9.06

8.70

9.46

12.37

10.97

10.84

8.56

8.80

13.06

17.03

16.86

15.92

21.76

19.46

18.30

16.29

13.10

11.69

11.70

13.59

12.29

11.88

11.66

14.39

33.62

33.21

34.66

35.81

33.56

19.94

19.77

21.96

23.66

24.20

24.24

26.05

15.80

15.83

15.81

12.66

13.69

29.67

30.00

26.76

29.17

28.43

29.98

23.39

44.86

43.58

48.12

Margin Analysis

Gross Margin

50.87

50.87

50.87

50.87

50.87

39.79

39.79

23.71

23.71

23.71

23.71

25.32

34.84

34.84

34.84

46.87

46.87

46.87

52.02

52.02

52.02

48.88

48.88

48.88

49.14

49.14

49.14

30.70

30.70

30.70

20.03

20.03

20.03

14.57

14.57

14.57

14.13

14.13

14.13

15.88

15.88

15.88

14.98

14.98

14.98

14.73

14.73

14.73

14.80

14.80

14.80

14.29

14.29

14.29

16.38

16.38

16.38

17.16

17.16

17.16

17.80

17.80

17.80

17.84

17.84

17.84

15.25

15.25

15.25

16.75

16.75

16.75

17.00

17.00

17.00

16.95

16.95

16.95

19.40

19.40

19.40

17.36

17.36

17.36

17.11

17.11

17.11

18.09

18.09

18.09

17.58

17.58

17.58

15.18

15.18

15.18

15.38

15.38

15.38

15.98

15.98

15.98

17.00

17.00

17.00

17.87

17.87

17.87

16.85

16.85

16.85

17.19

17.19

17.19

17.24

17.24

17.24

15.83

15.83

15.83

15.05

15.05

14.12

14.12

14.12

13.20

13.20

13.20

14.50

14.50

14.50

13.39

13.39

13.39

13.99

13.99

13.99

13.83

13.83

13.83

13.27

13.27

13.27

16.65

16.65

16.65

14.44

14.44

14.44

13.06

13.06

13.06

12.99

12.99

12.99

12.64

12.64

12.64

SG&A Margin

3.03

3.03

3.03

3.03

3.03

-0.03

-0.03

0.47

0.47

0.47

0.47

0.72

0.68

0.68

0.68

0.63

0.63

0.63

0.43

0.43

0.43

0.53

0.53

0.53

5.37

5.37

5.37

5.55

5.55

5.55

6.13

6.13

6.13

5.67

5.67

5.67

6.01

6.01

6.01

6.16

6.16

6.16

5.97

5.97

5.97

6.08

6.08

6.08

6.11

6.11

6.11

6.47

6.47

6.47

6.68

6.68

6.68

7.56

7.56

7.56

7.49

7.49

7.49

7.67

7.67

7.67

7.12

7.12

7.12

7.86

7.86

7.86

8.00

8.00

8.00

8.10

8.10

8.10

10.09

10.09

10.09

9.62

9.62

9.62

9.57

9.57

9.57

10.21

10.21

10.21

10.13

10.13

10.13

9.06

9.06

9.06

9.37

9.37

9.37

9.39

9.39

9.39

8.85

8.85

8.85

8.03

8.03

8.03

7.40

7.40

7.40

7.22

7.22

7.22

7.57

7.57

7.57

7.97

7.97

7.97

7.49

7.49

7.26

7.26

7.26

7.11

7.11

7.11

7.76

7.76

7.76

8.81

8.81

8.81

8.94

8.94

8.94

8.84

8.84

8.84

8.76

8.76

8.76

8.49

8.49

8.49

8.41

8.41

8.41

8.42

8.42

8.42

8.51

8.51

8.51

7.95

7.95

7.95

EBITDA Margin

42.70

42.70

42.70

42.70

42.70

35.78

35.78

19.44

19.44

19.44

19.44

21.01

29.08

29.08

29.08

42.49

42.49

42.49

48.25

48.25

48.25

44.63

44.63

44.63

44.05

44.05

44.05

25.03

25.03

25.03

14.43

14.43

14.43

7.90

7.90

7.90

8.32

8.32

8.32

9.83

9.83

9.83

9.12

9.12

9.12

8.68

8.68

8.68

7.58

7.58

7.58

6.71

6.71

6.71

8.63

8.63

8.63

8.62

8.62

8.62

9.32

9.32

9.32

9.30

9.30

9.30

7.30

7.30

7.30

7.91

7.91

7.91

8.52

8.52

8.52

8.27

8.27

8.27

8.49

8.49

8.49

6.93

6.93

6.93

6.49

6.49

6.49

6.85

6.85

6.85

6.55

6.55

6.55

5.40

5.40

5.40

5.66

5.66

5.66

6.21

6.21

6.21

7.33

7.33

7.33

8.36

8.36

8.36

7.91

7.91

7.91

8.24

8.24

8.24

8.16

8.16

8.16

6.93

6.93

6.93

6.80

6.80

6.25

6.25

6.25

5.19

5.19

5.19

5.91

5.91

5.91

3.42

3.42

3.42

4.04

4.04

4.04

4.44

4.44

4.44

3.83

3.83

3.83

6.93

6.93

6.93

5.02

5.02

5.02

3.87

3.87

3.87

3.83

3.83

3.83

3.61

3.61

3.61

EBIT Margin

40.83

40.83

40.83

40.83

40.83

33.82

33.82

16.79

16.79

16.79

16.79

18.52

26.44

26.44

26.44

40.64

40.64

40.64

46.58

46.58

46.58

42.92

42.92

42.92

43.34

43.34

43.34

24.18

24.18

24.18

13.85

13.85

13.85

7.52

7.52

7.52

7.83

7.83

7.83

9.39

9.39

9.39

8.68

8.68

8.68

8.25

8.25

8.25

7.24

7.24

7.24

6.35

6.35

6.35

8.28

8.28

8.28

8.26

8.26

8.26

9.00

9.00

9.00

8.94

8.94

8.94

7.00

7.00

7.00

7.59

7.59

7.59

8.18

8.18

8.18

7.95

7.95

7.95

8.12

8.12

8.12

6.61

6.61

6.61

6.22

6.22

6.22

6.54

6.54

6.54

6.27

6.27

6.27

5.15

5.15

5.15

5.42

5.42

5.42

5.96

5.96

5.96

7.10

7.10

7.10

8.15

8.15

8.15

7.70

7.70

7.70

8.04

8.04

8.04

7.95

7.95

7.95

6.71

6.71

6.71

6.59

6.59

6.04

6.04

6.04

5.00

5.00

5.00

5.70

5.70

5.70

3.22

3.22

3.22

3.82

3.82

3.82

4.25

4.25

4.25

3.65

3.65

3.65

6.77

6.77

6.77

4.85

4.85

4.85

3.71

3.71

3.71

3.66

3.66

3.66

3.46

3.46

3.46

Earnings from Cont. Ops Margin

32.11

32.11

32.11

32.11

32.11

18.72

18.72

15.66

15.66

15.66

15.66

19.13

39.42

39.42

39.42

35.62

35.62

35.62

36.57

36.57

36.57

33.23

33.23

33.23

12.90

12.90

12.90

9.19

9.19

9.19

7.09

7.09

7.09

6.79

6.79

6.79

6.95

6.95

6.95

7.93

7.93

7.93

7.43

7.43

7.43

7.02

7.02

7.02

6.04

6.04

6.04

6.17

6.17

6.17

8.23

8.23

8.23

8.44

8.44

8.44

8.19

8.19

8.19

7.98

7.98

7.98

5.09

5.09

5.09

5.21

5.21

5.21

5.33

5.33

5.33

5.31

5.31

5.31

4.89

4.89

4.89

3.76

3.76

3.76

3.65

3.65

3.65

3.61

3.61

3.61

3.58

3.58

3.58

3.42

3.42

3.42

3.36

3.36

3.36

3.68

3.68

3.68

4.75

4.75

4.75

5.46

5.46

5.46

5.25

5.25

5.25

5.71

5.71

5.71

5.53

5.53

5.53

4.51

4.51

4.51

4.60

4.60

4.07

4.07

4.07

3.09

3.09

3.09

3.44

3.44

3.44

4.13

4.13

4.13

2.95

2.95

2.95

3.30

3.30

3.30

2.63

2.63

2.63

2.47

2.47

2.47

2.53

2.53

2.53

2.10

2.10

2.10

2.58

2.58

2.58

2.90

2.90

2.90

Net Income Margin

32.11

32.11

32.11

32.11

32.11

18.71

18.71

15.65

15.65

15.65

15.65

19.13

39.42

39.42

39.42

35.61

35.61

35.61

36.57

36.57

36.57

33.22

33.22

33.22

12.90

12.90

12.90

9.19

9.19

9.19

7.09

7.09

7.09

6.79

6.79

6.79

6.95

6.95

6.95

7.93

7.93

7.93

7.42

7.42

7.42

7.01

7.01

7.01

6.04

6.04

6.04

6.17

6.17

6.17

8.23

8.23

8.23

8.44

8.44

8.44

8.19

8.19

8.19

7.98

7.98

7.98

5.09

5.09

5.09

5.21

5.21

5.21

5.33

5.33

5.33

5.31

5.31

5.31

4.89

4.89

4.89

3.76

3.76

3.76

3.65

3.65

3.65

3.61

3.61

3.61

3.58

3.58

3.58

3.42

3.42

3.42

3.36

3.36

3.36

3.68

3.68

3.68

4.75

4.75

4.75

5.46

5.46

5.46

5.25

5.25

5.25

5.71

5.71

5.71

5.53

5.53

5.53

4.51

4.51

4.51

4.60

4.60

4.07

4.07

4.07

3.08

3.08

3.08

3.44

3.44

3.44

4.13

4.13

4.13

2.94

2.94

2.94

3.30

3.30

3.30

2.63

2.63

2.63

2.47

2.47

2.47

2.53

2.53

2.53

2.10

2.10

2.10

2.58

2.58

2.58

2.90

2.90

2.90

Levered Free Cash Flow Margin

-223.13

-223.13

-223.13

-223.13

-223.13

-196.49

-196.49

-93.86

-93.86

-93.86

-93.86

-32.32

-32.32

-32.32

-32.32

-32.32

-32.32

-32.32

-32.32

-32.32

-32.32

-32.32

-32.32

-32.32

-6.97

-6.97

-6.97

-37.77

-37.77

-37.77

-25.40

-25.40

-25.40

-18.48

-18.48

-18.48

-14.26

-14.26

-14.26

-8.92

-8.92

-8.92

-1.55

-1.55

-1.55

-14.28

-14.28

-14.28

-7.11

-7.11

-7.11

-6.55

-6.55

-6.55

-4.01

-4.01

-4.01

-9.42

-9.42

-9.42

1.80

1.80

1.80

1.02

1.02

1.02

-1.04

-1.04

-1.04

3.75

3.75

3.75

1.98

1.98

1.98

0.12

0.12

0.12

1.73

1.73

1.73

29.48

29.48

29.48

7.55

7.55

7.55

45.93

45.93

45.93

12.26

12.26

12.26

20.21

20.21

20.21

4.66

4.66

4.66

-1.63

-1.63

-1.63

-3.97

-3.97

-3.97

5.20

5.20

5.20

-3.44

-3.44

-3.44

-16.61

-16.61

-16.61

1.62

1.62

1.62

-23.70

-23.70

-23.70

1.44

1.44

-1.85

-1.85

-1.85

2.54

2.54

2.54

14.64

14.64

14.64

0.25

0.25

0.25

-2.40

-2.40

-2.40

-1.98

-1.98

-1.98

-9.39

-9.39

-9.39

-

-

-

-3.69

-3.69

-3.69

-

-

-

-0.30

-0.30

-0.30

-

-

-

Unlevered Free Cash Flow Margin

-220.26

-220.26

-220.26

-220.26

-220.26

-196.49

-196.49

-88.41

-88.41

-88.41

-88.41

-31.19

-31.19

-31.19

-31.19

-31.19

-31.19

-31.19

-31.19

-31.19

-31.19

-31.19

-31.19

-31.19

11.40

11.40

11.40

-28.25

-28.25

-28.25

-20.85

-20.85

-20.85

-18.25

-18.25

-18.25

-13.88

-13.88

-13.88

-8.51

-8.51

-8.51

-1.16

-1.16

-1.16

-13.86

-13.86

-13.86

-6.81

-6.81

-6.81

-6.23

-6.23

-6.23

-3.68

-3.68

-3.68

-9.05

-9.05

-9.05

2.22

2.22

2.22

1.46

1.46

1.46

-0.64

-0.64

-0.64

4.20

4.20

4.20

2.69

2.69

2.69

0.84

0.84

0.84

2.58

2.58

2.58

30.22

30.22

30.22

8.19

8.19

8.19

46.61

46.61

46.61

12.94

12.94

12.94

20.84

20.84

20.84

5.49

5.49

5.49

-0.81

-0.81

-0.81

-3.17

-3.17

-3.17

5.93

5.93

5.93

-2.62

-2.62

-2.62

-15.79

-15.79

-15.79

2.51

2.51

2.51

-22.75

-22.75

-22.75

2.27

2.27

-1.01

-1.01

-1.01

3.38

3.38

3.38

15.60

15.60

15.60

1.24

1.24

1.24

-1.40

-1.40

-1.40

-0.99

-0.99

-0.99

-8.41

-8.41

-8.41

-

-

-

-3.25

-3.25

-3.25

-

-

-

0.17

0.17

0.17

-

-

-

Margin Analysis

Total Revenue

-
-
-
-
-

HKD$ 67468.15

-
-

HKD$ 57635.63

-
-

HKD$ 46375.46

-
-

HKD$ 49066.18

-
-

HKD$ 53972.58

-
-

HKD$ 67414.29

-
-

HKD$ 74222.93

-
-

HKD$ 69712.92

-
-

HKD$ 119301.51

-
-

HKD$ 159320.74

-
-

HKD$ 180206.61

-
-

HKD$ 237109.02

-
-

HKD$ 234754.38

-
-

HKD$ 225760.21

-
-

HKD$ 231596.19

-
-

HKD$ 219501.99

-
-

HKD$ 225740.82

-
-

HKD$ 213716.63

-
-

HKD$ 207255.91

-
-

HKD$ 185731.29

-
-

HKD$ 174004.40

-
-

HKD$ 171029.32

-
-

HKD$ 183776.27

-
-

HKD$ 163908.30

-
-

HKD$ 162418.61

-
-

HKD$ 161201.43

-
-

HKD$ 135710.76

-
-

HKD$ 154314.16

-
-

HKD$ 153558.00

-
-

HKD$ 144600.45

-
-

HKD$ 143941.24

-
-

HKD$ 155477.48

-
-

HKD$ 152206.18

-
-

HKD$ 151706.39

-
-

HKD$ 157935.53

-
-

HKD$ 169691.50

-
-

HKD$ 178930.19

-
-

HKD$ 177664.54

-
-

HKD$ 165029.61

-

HKD$ 153099.14

-
-

HKD$ 159096.69

-
-

HKD$ 158251.13

-
-

HKD$ 157735.18

-
-

HKD$ 138494.11

-
-

HKD$ 119029.00

-
-

HKD$ 117637.32

-
-

HKD$ 118657.38

-
-

HKD$ 120292.49

-
-

HKD$ 124556.91

-
-

HKD$ 124897.29

-
-

HKD$ 121782.18

-
-

HKD$ 116882.24

Profitability

Return on Equity

19.91 %

19.91 %

19.91 %

19.91 %

19.91 %

9.71 %

9.71 %

6.25 %

6.25 %

6.25 %

6.25 %

8.58 %

18.96 %

18.96 %

18.96 %

20.56 %

20.56 %

20.56 %

22.54 %

22.54 %

22.54 %

20.83 %

20.83 %

20.83 %

13.95 %

13.95 %

13.95 %

12.89 %

12.89 %

12.89 %

11.54 %

11.54 %

11.54 %

14.23 %

14.23 %

14.23 %

15.25 %

15.25 %

15.25 %

16.82 %

16.82 %

16.82 %

16.68 %

16.68 %

16.68 %

15.36 %

15.36 %

15.36 %

14.58 %

14.58 %

14.58 %

14.58 %

14.58 %

14.58 %

19.68 %

19.68 %

19.68 %

19.41 %

19.41 %

19.41 %

18.06 %

18.06 %

18.06 %

17.80 %

17.80 %

17.80 %

12.52 %

12.52 %

12.52 %

12.25 %

12.25 %

12.25 %

12.35 %

12.35 %

12.35 %

12.46 %

12.46 %

12.46 %

9.69 %

9.69 %

9.69 %

8.77 %

8.77 %

8.77 %

8.43 %

8.43 %

8.43 %

8.11 %

8.11 %

8.11 %

8.05 %

8.05 %

8.05 %

8.45 %

8.45 %

8.45 %

8.33 %

8.33 %

8.33 %

9.04 %

9.04 %

9.04 %

12.54 %

12.54 %

12.54 %

16.20 %

16.20 %

16.20 %

17.29 %

17.29 %

17.29 %

18.78 %

18.78 %

18.78 %

17.87 %

17.87 %

17.87 %

14.61 %

14.61 %

14.61 %

15.70 %

15.70 %

14.78 %

14.78 %

14.78 %

11.54 %

11.54 %

11.54 %

11.77 %

11.77 %

11.77 %

12.28 %

12.28 %

12.28 %

8.86 %

8.86 %

8.86 %

10.32 %

10.32 %

10.32 %

8.73 %

8.73 %

8.73 %

-

-

-

10.57 %

10.57 %

10.57 %

12.01 %

12.01 %

12.01 %

14.78 %

14.78 %

14.78 %

-

-

-

Return on Assets

1.04 %

1.04 %

1.04 %

1.04 %

1.04 %

0.79 %

0.79 %

0.33 %

0.33 %

0.33 %

0.33 %

0.40 %

0.65 %

0.65 %

0.65 %

1.27 %

1.27 %

1.27 %

1.65 %

1.65 %

1.65 %

1.48 %

1.48 %

1.48 %

2.66 %

2.66 %

2.66 %

2.02 %

2.02 %

2.02 %

1.35 %

1.35 %

1.35 %

0.97 %

0.97 %

0.97 %

1.07 %

1.07 %

1.07 %

1.25 %

1.25 %

1.25 %

1.20 %

1.20 %

1.20 %

1.12 %

1.12 %

1.12 %

1.08 %

1.08 %

1.08 %

0.90 %

0.90 %

0.90 %

1.17 %

1.17 %

1.17 %

1.10 %

1.10 %

1.10 %

1.15 %

1.15 %

1.15 %

1.13 %

1.13 %

1.13 %

1.00 %

1.00 %

1.00 %

1.00 %

1.00 %

1.00 %

1.05 %

1.05 %

1.05 %

1.02 %

1.02 %

1.02 %

0.89 %

0.89 %

0.89 %

0.84 %

0.84 %

0.84 %

0.79 %

0.79 %

0.79 %

0.79 %

0.79 %

0.79 %

0.76 %

0.76 %

0.76 %

0.68 %

0.68 %

0.68 %

0.72 %

0.72 %

0.72 %

0.78 %

0.78 %

0.78 %

0.99 %

0.99 %

0.99 %

1.23 %

1.23 %

1.23 %

1.29 %

1.29 %

1.29 %

1.30 %

1.30 %

1.30 %

1.22 %

1.22 %

1.22 %

0.99 %

0.99 %

0.99 %

1.05 %

1.05 %

0.97 %

0.97 %

0.97 %

0.83 %

0.83 %

0.83 %

0.86 %

0.86 %

0.86 %

0.43 %

0.43 %

0.43 %

0.52 %

0.52 %

0.52 %

0.62 %

0.62 %

0.62 %

0.58 %

0.58 %

0.58 %

-

-

-

0.86 %

0.86 %

0.86 %

-

-

-

0.72 %

0.72 %

0.72 %

-

-

-

Return on Capital

6.06 %

6.06 %

6.06 %

6.06 %

6.06 %

5.98 %

5.98 %

2.37 %

2.37 %

2.37 %

2.37 %

2.63 %

4.76 %

4.76 %

4.76 %

9.93 %

9.93 %

9.93 %

12.10 %

12.10 %

12.10 %

10.31 %

10.31 %

10.31 %

21.64 %

21.64 %

21.64 %

16.54 %

16.54 %

16.54 %

11.11 %

11.11 %

11.11 %

6.28 %

6.28 %

6.28 %

8.06 %

8.06 %

8.06 %

9.22 %

9.22 %

9.22 %

8.02 %

8.02 %

8.02 %

6.82 %

6.82 %

6.82 %

7.62 %

7.62 %

7.62 %

5.84 %

5.84 %

5.84 %

7.50 %

7.50 %

7.50 %

7.54 %

7.54 %

7.54 %

8.15 %

8.15 %

8.15 %

7.38 %

7.38 %

7.38 %

7.87 %

7.87 %

7.87 %

8.48 %

8.48 %

8.48 %

7.55 %

7.55 %

7.55 %

6.66 %

6.66 %

6.66 %

6.01 %

6.01 %

6.01 %

5.92 %

5.92 %

5.92 %

5.48 %

5.48 %

5.48 %

5.20 %

5.20 %

5.20 %

4.92 %

4.92 %

4.92 %

4.44 %

4.44 %

4.44 %

5.18 %

5.18 %

5.18 %

4.94 %

4.94 %

4.94 %

6.28 %

6.28 %

6.28 %

7.19 %

7.19 %

7.19 %

8.74 %

8.74 %

8.74 %

7.64 %

7.64 %

7.64 %

7.24 %

7.24 %

7.24 %

5.11 %

5.11 %

5.11 %

5.85 %

5.85 %

5.14 %

5.14 %

5.14 %

4.61 %

4.61 %

4.61 %

4.31 %

4.31 %

4.31 %

2.07 %

2.07 %

2.07 %

2.44 %

2.44 %

2.44 %

3.02 %

3.02 %

3.02 %

2.91 %

2.91 %

2.91 %

-

-

-

4.32 %

4.32 %

4.32 %

4.19 %

4.19 %

4.19 %

4.97 %

4.97 %

4.97 %

-

-

-

Dividends