Glorious Sun Enterprises Ltd

Chart & Performance

D1W1MN

P/E

40.71

P/S

2.16

EPS

0.03

Div Yield, %

5.02%

Shrs. gr., 5y

-0.13%

Rev. gr., 5y

-8.36%

Revenues

821m

-22.57%

Net income

44m

+11.17%

CFO

179m

+731.12%

Dividend

Sep 03, 20240.04 HKD/sh

Profile

Glorious Sun Enterprises Limited, an investment holding company, engages in interior decoration and renovation business in Mainland China, Hong Kong, Australia, New Zealand, Canada, the United States, and internationally. It operates through four segments: Interior Decoration and Renovation; Retail, Franchise and Others; Export Operations; and Financial Investments. The Interior Decoration and Renovation segment engages in the interior decoration and renovation businesses, as well as sale of furniture. The Retail, Franchise and Others segment engages in the retail operation in Hong Kong, as well as franchise sale activities under the Jeanswest brand in casual wear and apparel domain. The Export Operations segment exports apparel. The Financial Investments segment is involved in the treasury management and consulting business. The company also engages in the provision garment design, asset management, and agency services; and property development and management activities. In addition, it offers IT services comprising software products, software customization services, IT infrastructure construction, and IT operation and maintenance services; and logistics services, such as bonded warehouse, warehouse, trade declaration, processing trade, general trade, custom consultancy, shipping agency, loading and unloading, import and export of technology, system software development and technical support, inspection and quarantine, import and export agency, etc. Glorious Sun Enterprises Limited was founded in 1974 and is headquartered in Kowloon Bay, Hong Kong.

URL

https://www.glorisun.com/

IPO date

Sep 17, 1996

Employees

470

Domiciled in

Incorporated in

Valuation

Order:

Title HKD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title HKD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	821,237 -22.57%	1,060,681 6.30%	997,841 41.03%
Cost of revenue	763,888	1,008,236	932,785
Unusual Expense (Income)
NOPBT	57,349	52,445	65,056
NOPBT Margin	6.98%	4.94%	6.52%
Operating Taxes	7,559	(929)	6,413
Tax Rate	13.18%		9.86%
NOPAT	49,790	53,374	58,643
Net income	43,610 11.17%	39,229 6.04%	36,996 -58.90%
Dividends	(89,092)	(89,210)	(92,804)
Dividend yield	7.04%	7.78%	7.45%
Proceeds from repurchase of equity	(8,348)	(51)	5,422
BB yield	0.66%	0.00%	-0.44%
Debt
Debt current	20,553	54,453	27,883
Long-term debt	42,456	34,302	51,453
Deferred revenue		(874)	(1,269)
Other long-term liabilities		874	1,269
Net debt	(2,447,762)	(2,458,729)	(1,922,965)
Cash flow
Cash from operating activities	178,790	21,512	(22,112)
CAPEX	(3,876)	(2,794)	(5,121)
Cash from investing activities	(409,327)	455,682	165,593
Cash from financing activities	(136,976)	(71,091)	(92,972)
FCF	44,719	62,280	59,481
Balance
Cash	1,737,550	2,166,979	2,360,121
Long term investments	773,221	380,505	(357,820)
Excess cash	2,469,709	2,494,450	1,952,409
Stockholders' equity	1,244,173	1,690,795	1,374,031
Invested Capital	1,171,828	804,332	1,152,626
ROIC	5.04%	5.45%	5.11%
ROCE	2.37%	2.10%	2.57%
EV
Common stock shares outstanding	1,524,439	1,527,985	1,538,761
Price	0.83 10.67%	0.75 -7.41%	0.81 0.00%
Market cap	1,265,284 10.41%	1,145,989 -8.06%	1,246,396 0.68%
EV	(1,181,598)	(1,311,948)	(653,134)
EBITDA	66,764	61,753	74,105
EV/EBITDA
Interest	2,510	3,335	2,492
Interest/NOPBT	4.38%	6.36%	3.83%