Glorious Sun Enterprises Ltd

Chart & Performance

D1W1MN

P/E

30.00

P/S

2.02

EPS

0.04

Div Yield, %

7.15%

Shrs. gr., 5y

-0.21%

Rev. gr., 5y

-5.57%

Revenues

910m

+10.83%

Net income

61m

+40.75%

CFO

-100.00%

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	2024‑12	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	910,170 10.83%	821,237 -22.57%	1,060,681 6.30%
Cost of revenue	696,746	763,888	1,008,236
Unusual Expense (Income)
NOPBT	213,424	57,349	52,445
NOPBT Margin	23.45%	6.98%	4.94%
Operating Taxes	28,125	7,559	(929)
Tax Rate	13.18%	13.18%
NOPAT	185,299	49,790	53,374
Net income	61,380 40.75%	43,610 11.17%	39,229 6.04%
Dividends		(89,092)	(89,210)
Dividend yield		7.04%	7.78%
Proceeds from repurchase of equity		(8,348)	(51)
BB yield		0.66%	0.00%
Debt
Debt current	6,461	20,553	54,453
Long-term debt	34,347	42,456	34,302
Deferred revenue			(874)
Other long-term liabilities	1,467		874
Net debt	(2,931,504)	(2,447,762)	(2,458,729)
Cash flow
Cash from operating activities		178,790	21,512
CAPEX		(3,876)	(2,794)
Cash from investing activities		(409,327)	455,682
Cash from financing activities		(136,976)	(71,091)
FCF	187,992	44,719	62,280
Balance
Cash	1,264,749	1,737,550	2,166,979
Long term investments	1,707,563	773,221	380,505
Excess cash	2,926,804	2,469,709	2,494,450
Stockholders' equity	2,769,764	1,244,173	1,690,795
Invested Capital	15,531	1,171,828	804,332
ROIC	31.21%	5.04%	5.45%
ROCE	7.66%	2.37%	2.10%
EV
Common stock shares outstanding	1,511,876	1,524,439	1,527,985
Price	1.24 49.40%	0.83 10.67%	0.75 -7.41%
Market cap	1,874,726 48.17%	1,265,284 10.41%	1,145,989 -8.06%
EV	(1,044,143)	(1,181,598)	(1,311,948)
EBITDA	213,424	66,764	61,753
EV/EBITDA
Interest		2,510	3,335
Interest/NOPBT		4.38%	6.36%