pww.comSands China Ltd. - SEHK:1928

Valuation And Growth

Segments

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-31-2015Feb-28-2015Jan-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-31-2011Nov-30-2011Oct-31-2011Sep-30-2011Aug-31-2011Jul-31-2011Jun-30-2011May-31-2011Apr-30-2011Mar-31-2011Feb-28-2011Jan-31-2011Dec-31-2010Nov-30-2010Oct-31-2010Sep-30-2010Aug-31-2010Jul-31-2010Jun-30-2010May-31-2010Apr-30-2010Mar-31-2010Feb-28-2010Jan-31-2010Dec-31-2009Nov-30-2009

Valuation Multiples

TEV/LTM Unlevered FCF

15.85

16.73

18.28

17.57

17.55

17.62

13.78

8.44

9.08

10.01

10.02

11.35

11.58

35.03

37.97

33.36

35.66

39.40

42.59

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25.37

25.68

25.49

26.83

25.43

31.78

27.39

29.78

26.73

27.88

25.74

25.81

23.80

23.36

22.28

26.70

24.57

24.90

24.10

22.34

22.07

20.34

23.01

24.69

25.92

34.02

37.80

36.88

34.20

37.39

-

-

-

36.69

40.20

35.16

-

-

-

51.41

52.35

55.63

-

-

-

-

-

-

-

-

-

-

95.91

142.83

-

-

-

-

12.91

14.79

-

-

-

21.86

22.09

28.38

-

-

-

-

28.80

35.64

-

-

-

38.30

39.21

44.17

-

-

-

-

49.47

46.10

-

-

-

123.35

122.02

116.30

-

-

-

96.59

95.97

91.13

-

-

-

89.87

96.34

92.63

83.69

-

-

90.90

72.07

91.97

-

-

-

45.29

40.41

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Market Cap/LTM Levered FCF

14.07

15.13

17.00

16.14

16.12

16.21

11.58

6.53

7.25

8.31

8.32

9.83

10.18

40.86

45.55

38.19

41.86

47.84

52.92

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26.18

26.53

26.31

27.84

26.62

33.97

27.68

30.34

26.95

28.23

25.86

25.93

23.76

23.29

22.14

26.87

24.59

25.29

23.03

21.18

20.90

19.08

21.89

23.65

24.95

33.53

37.53

36.56

33.72

37.72

-

-

-

34.87

38.57

33.26

-

-

-

49.52

50.50

55.47

-

-

-

-

-

-

-

-

-

-

94.52

161.33

-

-

-

-

12.32

14.22

-

-

-

21.78

22.02

28.86

-

-

-

-

28.18

35.14

-

-

-

38.87

39.80

45.52

-

-

-

-

48.92

45.48

-

-

-

122.91

121.54

124.71

-

-

-

88.46

87.86

83.14

-

-

-

86.06

99.39

95.45

85.95

-

-

91.24

71.16

92.38

-

-

-

45.02

41.58

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

P/LTM Normalized EPS

26.74

28.75

32.30

30.66

30.63

30.79

22.01

32.45

36.03

41.25

41.34

48.80

49.09

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

144.33

159.30

148.77

127.02

139.65

160.00

23.36

23.67

23.48

24.84

22.12

28.23

29.35

32.16

28.57

29.92

27.41

27.49

29.28

28.70

27.28

33.12

30.31

30.12

30.57

28.11

27.74

25.33

29.06

31.39

33.11

42.39

47.44

46.23

42.64

44.61

52.76

45.69

42.97

43.35

47.95

41.34

45.90

45.27

45.52

45.90

46.81

42.13

43.46

42.46

48.12

42.43

42.30

38.34

33.31

29.20

33.54

31.29

35.32

30.29

27.41

27.16

26.80

28.79

20.25

23.38

26.63

20.26

23.25

20.52

20.75

22.88

23.34

23.40

28.49

29.63

25.07

31.26

37.57

38.16

36.82

42.13

43.13

48.31

45.82

48.50

44.90

42.18

45.78

42.58

44.76

38.99

43.95

48.93

48.39

44.43

58.60

50.88

49.54

40.24

39.96

37.82

32.35

34.53

37.35

43.60

43.34

41.63

37.48

33.40

33.10

40.37

31.49

40.88

44.57

39.91

38.30

50.27

42.90

55.42

57.82

51.17

50.03

60.74

50.32

43.42

54.73

53.37

52.64

75.23

74.40

80.20

80.06

68.97

67.95

P/LTM EPS

16.95

18.22

20.48

19.44

19.42

19.52

13.95

21.95

24.37

27.91

27.97

33.01

33.39

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

128.78

142.14

132.74

113.33

124.60

142.76

15.33

15.53

15.40

16.30

14.51

18.52

20.04

21.96

19.51

20.43

18.72

18.77

20.98

20.57

19.55

23.73

21.72

21.58

20.18

18.55

18.31

16.72

19.18

20.72

21.85

27.05

30.27

29.50

27.21

28.47

33.71

29.18

27.45

28.12

31.11

26.82

29.87

29.46

29.62

30.01

30.61

27.55

28.60

27.94

31.67

27.54

27.45

24.88

21.58

18.92

21.73

20.27

22.55

19.34

17.30

17.14

16.91

18.17

12.69

14.65

16.68

12.69

14.57

12.97

13.12

14.47

14.82

14.86

18.09

18.81

15.94

19.88

23.86

24.23

23.38

26.58

27.22

30.48

30.70

32.49

30.08

28.26

28.70

26.70

30.90

26.92

30.34

34.23

33.85

31.08

37.60

32.65

31.79

29.29

29.09

27.53

20.70

22.10

23.90

27.91

27.77

26.68

24.02

21.89

21.69

25.87

20.18

26.20

29.64

26.54

25.47

33.87

26.97

35.67

37.21

32.93

32.19

39.12

32.41

27.96

35.64

34.75

34.27

49.75

47.89

78.01

77.87

67.09

66.10

P/BV

34.03

36.58

41.11

39.02

38.98

39.18

28.01

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

232.46

205.48

166.61

108.69

156.29

140.43

21.51

21.88

17.53

20.62

22.18

23.90

14.31

12.12

11.96

11.86

10.68

16.65

14.36

17.69

18.69

19.96

21.01

19.63

11.80

13.02

12.16

10.38

11.42

13.08

7.01

7.10

7.04

7.45

6.63

8.47

11.38

12.48

11.08

11.61

10.63

10.66

8.92

8.74

8.31

10.09

9.23

9.17

10.97

10.09

9.96

9.09

10.43

11.27

11.88

9.55

10.69

10.42

9.61

10.05

13.35

11.56

10.87

10.54

11.65

10.05

7.52

7.42

7.46

7.34

7.48

6.73

8.30

8.11

9.19

8.12

8.10

7.34

5.27

4.62

5.31

4.95

5.64

4.84

5.46

5.41

5.34

5.74

4.75

5.48

5.55

4.22

4.85

5.14

5.19

5.73

7.54

7.56

9.20

9.57

8.04

10.03

9.29

9.44

9.11

9.13

9.34

10.46

12.07

12.78

11.83

11.11

9.67

9.00

7.79

6.79

7.65

7.57

7.49

6.87

8.51

7.39

7.19

6.34

6.30

5.96

4.31

4.61

4.98

5.73

5.71

5.48

4.94

4.62

4.58

5.04

3.93

5.10

5.56

4.98

4.78

5.17

4.13

4.86

5.08

4.49

4.39

4.43

3.67

3.16

3.37

3.29

3.25

3.61

2.78

8.15

8.14

7.01

6.91

P/Tangible BV

242.33

260.54

292.75

277.91

277.63

279.03

199.47

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

278.26

225.62

147.19

211.65

190.16

22.47

22.86

18.32

21.54

23.18

24.97

14.71

12.45

12.29

12.19

10.97

17.11

14.67

18.07

19.09

20.39

21.47

20.06

12.00

13.25

12.37

10.56

11.61

13.30

7.08

7.18

7.12

7.53

6.70

8.56

11.54

12.65

11.23

11.76

10.78

10.81

9.01

8.83

8.40

10.19

9.33

9.27

11.09

10.20

10.06

9.19

10.54

11.39

12.01

9.63

10.77

10.50

9.68

10.13

13.48

11.68

10.98

10.64

11.77

10.15

7.57

7.47

7.51

7.39

7.54

6.78

8.36

8.17

9.26

8.18

8.15

7.39

5.30

4.65

5.34

4.98

5.66

4.86

5.49

5.44

5.37

5.77

4.77

5.51

5.57

4.24

4.86

5.15

5.21

5.75

7.57

7.59

9.24

9.61

8.07

10.07

9.32

9.47

9.13

9.15

9.37

10.49

12.11

12.81

11.86

11.14

9.70

9.02

7.82

6.81

7.68

7.59

7.51

6.89

8.53

7.41

7.21

6.36

6.32

5.98

4.32

4.61

4.99

5.74

5.74

5.52

4.97

4.65

4.61

5.07

3.95

5.13

5.57

4.99

4.79

5.18

4.16

4.91

5.12

4.54

4.43

4.47

3.70

3.19

3.38

3.30

3.25

3.62

2.81

8.40

8.39

7.23

7.12

TEV/LTM Total Revenue

3.38

3.57

3.90

3.75

3.74

3.76

2.94

3.39

3.65

4.02

4.03

4.56

4.60

8.08

8.76

7.70

8.23

9.09

9.83

25.09

23.12

22.25

23.86

23.51

23.44

17.57

15.95

13.62

10.15

13.01

12.06

9.18

9.30

7.95

8.91

9.39

9.92

11.82

10.43

10.32

10.26

9.51

13.30

20.11

23.91

25.06

26.51

27.72

26.13

7.25

7.89

7.44

6.50

7.05

7.92

3.89

3.94

3.91

4.11

3.70

4.63

4.87

5.30

4.75

4.96

4.58

4.59

4.87

4.78

4.56

5.47

5.03

5.00

5.06

4.69

4.63

4.27

4.83

5.18

5.44

6.03

6.70

6.54

6.07

6.33

7.00

6.14

5.81

5.81

6.36

5.56

5.90

5.83

5.86

5.99

6.10

5.53

6.13

6.00

6.73

6.07

6.06

5.54

4.92

4.35

4.95

4.64

5.13

4.45

4.03

3.99

3.94

4.22

3.23

3.70

4.25

3.25

3.72

3.55

3.58

3.95

4.16

4.17

5.04

5.23

4.42

5.47

6.27

6.37

6.14

6.64

6.80

7.61

7.64

8.07

7.49

7.05

6.72

6.26

6.34

5.55

6.23

6.70

6.63

6.10

7.24

6.33

6.17

5.91

5.87

5.58

4.78

5.09

5.49

6.67

6.63

6.38

5.76

5.22

5.18

5.81

4.60

5.87

6.05

5.47

5.27

5.95

4.84

5.23

5.43

4.86

4.76

5.09

4.30

3.77

4.12

4.03

3.98

4.61

4.46

4.86

4.85

4.35

4.30

Market Cap/LTM Total Revenue

2.49

2.68

3.01

2.86

2.86

2.87

2.05

2.32

2.58

2.96

2.96

3.50

3.54

5.91

6.58

5.52

6.05

6.91

7.65

19.24

17.27

16.39

18.01

17.66

17.59

13.93

12.31

9.99

6.51

9.37

8.42

6.64

6.76

5.42

6.37

6.85

7.39

9.09

7.70

7.59

7.54

6.78

10.57

16.43

20.23

21.38

22.83

24.04

22.46

6.21

6.85

6.40

5.46

6.01

6.88

3.54

3.58

3.55

3.76

3.35

4.27

4.44

4.86

4.32

4.52

4.14

4.16

4.54

4.45

4.23

5.14

4.70

4.67

4.60

4.23

4.18

3.81

4.37

4.73

4.99

5.62

6.29

6.13

5.66

5.91

6.45

5.59

5.25

5.24

5.79

4.99

5.45

5.38

5.41

5.52

5.63

5.07

5.56

5.43

6.15

5.49

5.47

4.96

4.61

4.04

4.64

4.33

4.82

4.14

3.84

3.80

3.75

4.03

3.05

3.52

4.17

3.17

3.64

3.48

3.51

3.88

3.99

4.00

4.87

5.06

4.25

5.30

6.24

6.34

6.11

6.61

6.77

7.58

7.45

7.88

7.30

6.85

6.51

6.05

6.16

5.36

6.05

6.50

6.42

5.90

6.91

6.00

5.84

5.56

5.52

5.23

4.60

4.91

5.31

6.48

6.45

6.19

5.57

4.89

4.85

5.47

4.26

5.53

5.57

4.99

4.79

5.45

4.34

4.78

4.99

4.42

4.32

4.62

3.83

3.30

3.57

3.48

3.43

4.03

3.88

3.67

3.66

3.16

3.11

TEV/LTM EBITDA

10.59

11.17

12.21

11.73

11.73

11.77

9.21

10.86

11.68

12.88

12.90

14.61

14.60

50.05

54.25

47.66

50.95

56.30

60.85

-

-

-

-

-

-

-

-

-

-

-

-

116.74

118.21

101.13

113.25

119.40

112.69

-

-

-

-

-

-

-

-

-

-

-

-

31.55

34.35

32.38

28.31

30.68

34.48

11.37

11.50

11.42

12.02

10.78

13.47

14.38

15.64

14.03

14.64

13.52

13.55

14.43

14.16

13.51

16.19

14.90

14.76

15.22

14.10

13.94

12.84

14.53

15.59

16.37

18.89

20.98

20.48

18.99

19.74

23.11

20.26

19.16

18.75

20.54

17.97

19.99

19.73

19.84

20.24

20.61

18.65

20.63

20.19

22.63

20.24

20.19

18.48

15.93

14.09

16.03

15.02

16.92

14.62

13.24

13.12

12.96

13.87

10.29

11.80

13.37

10.24

11.71

10.70

10.81

11.89

12.20

12.23

14.78

15.35

13.43

16.62

19.05

19.34

18.67

21.03

21.53

24.08

24.04

25.41

23.57

22.18

22.80

21.25

22.62

19.79

22.23

24.58

24.32

22.40

30.78

26.91

26.23

21.18

21.05

19.99

16.81

17.91

19.32

22.00

21.91

21.06

19.03

16.59

16.45

19.54

15.49

19.77

20.52

18.55

17.86

21.34

18.25

20.86

21.69

19.40

19.01

21.13

17.84

15.66

17.73

17.34

17.14

21.70

21.33

22.41

22.38

20.04

19.83

TEV/LTM EBIT

16.19

17.09

18.67

17.94

17.93

18.00

14.07

17.78

19.13

21.09

21.12

23.93

24.06

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

69.01

75.14

70.83

61.92

67.09

75.42

14.63

14.81

14.70

15.48

13.94

17.42

18.21

19.81

17.78

18.54

17.12

17.16

17.96

17.63

16.82

20.15

18.54

18.43

19.35

17.93

17.72

16.33

18.47

19.82

20.81

25.92

28.80

28.10

26.06

27.18

32.64

28.61

27.06

27.45

30.07

26.30

28.80

28.43

28.58

29.23

29.76

27.01

28.66

28.06

31.44

28.19

28.11

25.73

21.47

18.99

21.61

20.25

22.76

19.71

17.48

17.33

17.11

18.32

13.08

14.99

16.58

12.69

14.52

12.82

12.95

14.26

14.86

14.90

18.00

18.70

15.91

19.69

22.91

23.26

22.45

25.54

26.15

29.27

28.50

30.13

27.95

26.30

28.49

26.55

27.90

24.41

27.41

30.73

30.40

27.98

37.37

32.67

31.85

26.06

25.90

24.59

20.50

21.83

23.55

27.02

26.86

25.83

23.33

20.93

20.76

24.99

19.81

25.28

27.08

24.47

23.57

29.34

25.54

30.82

32.04

28.65

28.07

32.85

27.74

24.35

30.39

29.74

29.38

40.33

39.78

42.30

42.24

37.83

37.42

Margin Analysis

Gross Margin

81.29

81.29

81.29

81.29

81.29

81.29

81.29

80.74

80.74

80.13

80.13

80.13

75.52

75.52

75.52

67.11

67.11

67.11

67.11

55.74

55.74

30.34

30.34

30.34

40.67

40.67

40.67

48.32

48.32

48.32

55.03

55.03

55.03

60.09

60.09

60.09

57.15

57.15

57.15

53.72

53.72

53.72

45.10

45.10

45.10

32.54

32.54

32.54

63.99

63.99

63.99

74.21

74.21

74.21

79.91

79.91

79.91

83.27

83.27

83.27

83.66

83.66

83.66

84.04

84.04

84.04

83.77

83.77

83.77

83.50

83.50

83.50

83.60

83.60

83.60

82.96

82.96

82.96

82.49

82.49

82.49

81.89

81.89

81.89

80.18

80.18

80.18

80.18

80.48

80.48

79.49

79.49

79.49

79.49

80.62

80.62

79.11

79.11

79.11

79.11

79.12

79.12

79.60

79.60

79.60

79.60

79.60

81.64

80.35

80.35

80.35

80.35

80.35

81.32

82.16

82.16

82.16

82.16

83.61

83.61

84.26

84.26

84.26

84.26

84.26

84.50

84.63

84.63

84.63

84.63

83.96

83.96

83.72

83.72

83.72

82.81

82.81

82.81

82.08

82.08

82.08

81.59

81.59

81.59

81.23

81.23

81.23

81.00

81.00

81.00

81.99

81.99

81.99

82.37

82.37

82.37

83.16

83.16

83.16

83.16

83.49

83.49

83.40

83.40

83.40

83.40

82.99

82.99

81.70

81.70

81.70

81.70

81.43

81.43

79.70

79.70

79.70

79.70

79.11

79.11

77.39

77.39

77.39

76.75

SG&A Margin

1.06

1.06

1.06

1.06

1.06

1.06

1.06

1.11

1.11

1.16

1.16

1.16

1.01

1.01

1.01

0.73

0.73

0.73

0.73

1.00

1.00

1.62

1.62

1.62

1.83

1.83

1.83

1.98

1.98

1.98

1.71

1.71

1.71

1.50

1.50

1.50

1.37

1.37

1.37

1.22

1.22

1.22

1.45

1.45

1.45

1.78

1.78

1.78

2.43

2.43

2.43

2.64

2.64

2.64

1.96

1.96

1.96

1.56

1.56

1.56

1.21

1.21

1.21

0.87

0.87

0.87

1.23

1.23

1.23

1.60

1.60

1.60

2.92

2.92

2.92

1.69

1.69

1.69

2.26

2.26

2.26

1.92

1.92

1.92

1.78

1.78

1.78

1.78

2.07

2.07

1.93

1.93

1.93

1.93

2.02

2.02

2.41

2.41

2.41

2.41

1.83

1.83

2.34

2.34

2.34

2.34

2.34

2.17

2.72

2.72

2.72

2.72

2.72

2.47

2.31

2.31

2.31

2.31

2.19

2.19

1.46

1.46

1.46

1.46

1.46

1.81

1.51

1.51

1.51

1.51

1.62

1.62

1.19

1.19

1.19

1.57

1.57

1.57

1.41

1.41

1.41

1.53

1.53

1.53

0.75

0.75

0.75

1.38

1.38

1.38

0.85

0.85

0.85

0.90

0.90

0.90

0.21

0.21

0.21

0.21

0.26

0.26

0.22

0.22

0.22

0.22

0.23

0.23

1.20

1.20

1.20

1.20

0.51

0.51

1.38

1.38

1.38

1.38

0.45

0.45

0.58

0.58

0.58

1.65

EBITDA Margin

31.66

31.66

31.66

31.66

31.66

31.66

31.66

31.31

31.31

30.93

30.93

30.93

25.49

25.49

25.49

15.56

15.56

15.56

15.56

2.02

2.02

-28.22

-28.22

-28.22

-16.32

-16.32

-16.32

-7.51

-7.51

-7.51

0.75

0.75

0.75

6.99

6.99

6.99

1.91

1.91

1.91

-5.49

-5.49

-5.49

-17.12

-17.12

-17.12

-33.02

-33.02

-33.02

8.65

8.65

8.65

22.55

22.55

22.55

29.74

29.74

29.74

33.97

33.97

33.97

34.10

34.10

34.10

33.96

33.96

33.96

33.87

33.87

33.87

33.92

33.92

33.92

35.59

35.59

35.59

33.76

33.76

33.76

33.80

33.80

33.80

32.49

32.49

32.49

30.30

30.30

30.30

30.30

31.23

31.23

29.53

29.53

29.53

29.53

30.08

30.08

29.74

29.74

29.74

29.74

29.99

29.99

30.91

30.91

30.91

30.91

30.91

31.06

30.44

30.44

30.44

30.44

30.44

31.38

31.77

31.77

31.77

31.77

33.14

33.14

34.09

34.09

34.09

34.09

34.09

32.92

32.92

32.92

32.92

32.92

31.58

31.58

31.93

31.93

31.93

29.63

29.63

29.63

28.03

28.03

28.03

27.45

27.45

27.45

23.54

23.54

23.54

27.93

27.93

27.93

28.45

28.45

28.45

30.32

30.32

30.32

31.47

31.47

31.47

31.47

29.72

29.72

29.51

29.51

29.51

29.51

27.90

27.90

25.05

25.05

25.05

25.05

25.47

25.47

23.23

23.23

23.23

23.23

21.64

21.64

19.25

19.25

19.25

16.90

EBIT Margin

20.88

20.88

20.88

20.88

20.88

20.88

20.88

20.02

20.02

19.07

19.07

19.07

10.75

10.75

10.75

-4.41

-4.41

-4.41

-4.41

-25.49

-25.49

-72.59

-72.59

-72.59

-54.08

-54.08

-54.08

-40.39

-40.39

-40.39

-27.11

-27.11

-27.11

-17.08

-17.08

-17.08

-24.15

-24.15

-24.15

-32.41

-32.41

-32.41

-48.58

-48.58

-48.58

-72.14

-72.14

-72.14

-8.87

-8.87

-8.87

11.70

11.70

11.70

21.51

21.51

21.51

27.28

27.28

27.28

26.66

26.66

26.66

26.05

26.05

26.05

26.18

26.18

26.18

26.32

26.32

26.32

27.38

27.38

27.38

26.56

26.56

26.56

25.24

25.24

25.24

23.68

23.68

23.68

21.45

21.45

21.45

21.45

21.34

21.34

20.50

20.50

20.50

20.50

20.83

20.83

21.40

21.40

21.40

21.40

21.54

21.54

22.93

22.93

22.93

22.93

22.93

23.01

23.05

23.05

23.05

23.05

23.05

24.69

25.62

25.62

25.62

25.62

27.67

27.67

28.00

28.00

28.00

28.00

28.00

27.79

27.37

27.37

27.37

27.37

26.00

26.00

26.95

26.95

26.95

23.75

23.75

23.75

22.73

22.73

22.73

21.99

21.99

21.99

19.39

19.39

19.39

22.71

22.71

22.71

23.34

23.34

23.34

24.69

24.69

24.69

24.94

24.94

24.94

24.94

23.24

23.24

22.36

22.36

22.36

22.36

20.29

20.29

16.96

16.96

16.96

16.96

16.67

16.67

13.55

13.55

13.55

13.55

11.58

11.58

8.97

8.97

8.97

6.80

Earnings from Cont. Ops Margin

14.71

14.71

14.71

14.71

14.71

14.71

14.71

12.75

12.75

10.59

10.59

10.59

0.44

0.44

0.44

-18.05

-18.05

-18.05

-18.05

-42.95

-42.95

-98.57

-98.57

-98.57

-79.73

-79.73

-79.73

-65.79

-65.79

-65.79

-49.08

-49.08

-49.08

-36.46

-36.46

-36.46

-41.93

-41.93

-41.93

-48.31

-48.31

-48.31

-65.39

-65.39

-65.39

-90.28

-90.28

-90.28

-18.52

-18.52

-18.52

4.82

4.82

4.82

16.31

16.31

16.31

23.08

23.08

23.08

22.61

22.61

22.61

22.14

22.14

22.14

21.89

21.89

21.89

21.64

21.64

21.64

23.12

23.12

23.12

23.17

23.17

23.17

22.22

22.22

22.22

21.13

21.13

21.13

19.14

19.14

19.14

19.14

18.78

18.78

18.25

18.25

18.25

18.25

18.71

18.71

19.43

19.43

19.43

19.43

19.94

19.94

21.36

21.36

21.36

21.36

21.36

21.83

22.18

22.18

22.18

22.18

22.18

24.06

25.01

25.01

25.01

25.01

26.80

26.80

26.94

26.94

26.94

26.94

26.94

26.68

26.16

26.16

26.16

26.16

24.86

24.86

24.25

24.25

24.25

22.66

22.66

22.66

19.93

19.93

19.93

18.98

18.98

18.98

18.39

18.39

18.39

18.99

18.99

18.99

22.24

22.24

22.24

23.21

23.21

23.21

22.35

22.35

22.35

22.35

21.13

21.13

18.80

18.80

18.80

18.80

16.09

16.09

12.92

12.92

12.92

12.92

10.77

10.77

8.55

8.55

8.55

8.55

6.51

6.51

4.72

4.72

4.72

3.92

Net Income Margin

14.71

14.71

14.71

14.71

14.71

14.71

14.71

12.75

12.75

10.59

10.59

10.59

0.44

0.44

0.44

-18.05

-18.05

-18.05

-18.05

-42.95

-42.95

-98.57

-98.57

-98.57

-79.73

-79.73

-79.73

-65.79

-65.79

-65.79

-49.08

-49.08

-49.08

-36.46

-36.46

-36.46

-41.93

-41.93

-41.93

-48.31

-48.31

-48.31

-65.39

-65.39

-65.39

-90.28

-90.28

-90.28

-18.52

-18.52

-18.52

4.82

4.82

4.82

16.31

16.31

16.31

23.08

23.08

23.08

22.61

22.61

22.61

22.14

22.14

22.14

21.89

21.89

21.89

21.64

21.64

21.64

23.12

23.12

23.12

23.17

23.17

23.17

22.22

22.22

22.22

21.13

21.13

21.13

19.14

19.14

19.14

19.14

18.78

18.78

18.25

18.25

18.25

18.25

18.71

18.71

19.43

19.43

19.43

19.43

19.94

19.94

21.36

21.36

21.36

21.36

21.36

21.83

22.18

22.18

22.18

22.18

22.18

24.06

25.01

25.01

25.01

25.01

26.80

26.80

26.94

26.94

26.94

26.94

26.94

26.68

26.16

26.16

26.16

26.16

24.86

24.86

24.25

24.25

24.25

22.66

22.66

22.66

19.93

19.93

19.93

18.98

18.98

18.98

18.39

18.39

18.39

18.99

18.99

18.99

22.24

22.24

22.24

23.21

23.21

23.21

22.35

22.35

22.35

22.35

21.13

21.13

18.80

18.80

18.80

18.80

16.09

16.09

12.92

12.92

12.92

12.92

10.77

10.77

8.55

8.55

8.55

8.55

6.51

6.51

4.72

4.72

4.72

3.92

Levered Free Cash Flow Margin

17.72

17.72

17.72

17.72

17.72

17.72

17.72

18.22

18.22

35.58

35.58

35.58

37.43

37.43

37.43

14.45

14.45

14.45

14.45

7.38

7.38

-88.85

-88.85

-88.85

-74.63

-74.63

-74.63

-28.05

-28.05

-28.05

-23.60

-23.60

-23.60

-22.33

-22.33

-22.33

-32.06

-32.06

-32.06

-35.62

-35.62

-35.62

-53.61

-53.61

-53.61

-82.68

-82.68

-82.68

-25.89

-25.89

-25.89

-11.49

-11.49

-11.49

2.03

2.03

2.03

13.25

13.25

13.25

14.59

14.59

14.59

16.39

16.39

16.39

16.43

16.43

16.43

19.41

19.41

19.41

-

-

-

20.30

20.30

20.30

-

-

-

17.06

17.06

17.06

-

-

-

-

15.15

15.15

-

-

-

-

11.34

11.34

-

-

-

-

-7.68

-7.68

-

-

-

-

-

5.23

-

-

-

-

-

24.78

-

-

-

-

15.96

15.96

-

-

-

-

-

15.30

-

-

-

-

17.23

17.23

-

-

-

13.53

13.53

13.53

-

-

-

5.37

5.37

5.37

-

-

-

6.32

6.32

6.32

-

-

-

7.54

7.54

7.54

-

-

-

-

5.99

5.99

-

-

-

-

12.11

12.11

-

-

-

-

-16.51

-16.51

-

-

-

-

-27.77

-27.77

-

-

-

-

Unlevered Free Cash Flow Margin

21.32

21.32

21.32

21.32

21.32

21.32

21.32

22.30

22.30

40.19

40.19

40.19

43.46

43.46

43.46

23.08

23.08

23.08

23.08

18.11

18.11

-73.40

-73.40

-73.40

-62.71

-62.71

-62.71

-18.74

-18.74

-18.74

-15.59

-15.59

-15.59

-15.31

-15.31

-15.31

-24.62

-24.62

-24.62

-27.70

-27.70

-27.70

-45.31

-45.31

-45.31

-73.84

-73.84

-73.84

-21.68

-21.68

-21.68

-8.78

-8.78

-8.78

4.18

4.18

4.18

15.06

15.06

15.06

16.38

16.38

16.38

18.14

18.14

18.14

17.99

17.99

17.99

20.78

20.78

20.78

-

-

-

21.32

21.32

21.32

-

-

-

18.04

18.04

18.04

-

-

-

-

15.96

15.96

-

-

-

-

11.84

11.84

-

-

-

-

-7.39

-7.39

-

-

-

-

-

5.49

-

-

-

-

-

25.03

-

-

-

-

16.22

16.22

-

-

-

-

-

15.56

-

-

-

-

17.57

17.57

-

-

-

13.85

13.85

13.85

-

-

-

5.55

5.55

5.55

-

-

-

6.14

6.14

6.14

-

-

-

7.43

7.43

7.43

-

-

-

-

6.39

6.39

-

-

-

-

13.15

13.15

-

-

-

-

-14.08

-14.08

-

-

-

-

-25.32

-25.32

-

-

-

-

Margin Analysis

Total Revenue

-
-
-
-
-
-
-
-

HKD$ 56069.35

-
-

HKD$ 53511.52

-
-

HKD$ 51011.26

-
-

HKD$ 39499.77

-
-

HKD$ 27988.27

-
-

HKD$ 20259.29

-
-

HKD$ 12530.32

-
-

HKD$ 14731.90

-
-

HKD$ 16933.49

-
-

HKD$ 19685.48

-
-

HKD$ 22437.46

-
-

HKD$ 20817.50

-
-

HKD$ 19197.54

-
-

HKD$ 16184.01

-
-

HKD$ 13170.49

-
-

HKD$ 26836.73

-
-

HKD$ 40502.98

-
-

HKD$ 54633.74

-
-

HKD$ 68764.50

-
-

HKD$ 68998.71

-
-

HKD$ 69232.92

-
-

HKD$ 68440.50

-
-

HKD$ 67648.09

-
-

HKD$ 65805.62

-
-

HKD$ 64142.72

-
-

HKD$ 61250.21

-
-

HKD$ 59224.28

-
-

HKD$ 58295.24

-
-

HKD$ 56163.92

-
-

HKD$ 53899.87

-
-

HKD$ 51081.53

-
-

HKD$ 50452.21

-
-

HKD$ 49944.87

-
-

HKD$ 52171.12

-
-

HKD$ 52174.52

-
-

HKD$ 56803.74

-
-

HKD$ 62039.26

-
-

HKD$ 66819.00

-
-

HKD$ 74207.81

-
-

HKD$ 77351.58

-
-

HKD$ 77390.06

-
-

HKD$ 74997.78

-
-

HKD$ 69544.10

-
-

HKD$ 65242.31

-
-

HKD$ 59810.69

-
-

HKD$ 55225.04

-
-

HKD$ 50834.62

-
-

HKD$ 45861.25

-
-

HKD$ 42474.09

-
-

HKD$ 40366.96

-
-

HKD$ 38104.55

-
-

HKD$ 36231.40

-
-

HKD$ 35308.52

-
-

HKD$ 33988.48

-
-

HKD$ 32339.17

-
-

HKD$ 31318.40

-
-

HKD$ 29518.66

-
-

HKD$ 27195.62

-
-

HKD$ 25771.96

-

Profitability