Kasen International Holdings Limited - 0496.HK

0496.HK Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
0496.HK	5.6	8.6	24.6	22.6	35.7	52	-50.6	-89.3	-61.6	-84.0
S&P 500	0.9	1.4	2.0	3.3	9.9	24.7	37.5	82.2	197.7	34153.9

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	0496.HK
name	Kasen International Holdings Limited
price	0.38
changes percentage	5.5556
change	0.02
day low	0.35
day high	0.385
year high	0.42
year low	0.214
market cap	548393200
price avg 50	0.3337
price avg 200	0.284495
exchange	HKSE
volume	120000
avg volume	410274
open	0.385
previous close	0.36
eps	0.05
pe	7.6
earnings announcement	2025-03-26T10:59:00.000+0000
shares outstanding	1443140000
timestamp	2025-01-21 07:58:09

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 61.3%

Overall Quarterly Financial Health: 71.0%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
revenue	956757000	863429000	10.81
gross profit	349657000	250546000	39.56
gross profit ratio	0.37	0.29	25.94
research and development expenses	0	0	NaN
operating expenses	245952000	119197999	106.34
interest income	1418000	54103000	-97.38
interest expense	42655000	63139000	-32.44
ebitda	237634000	44054000	439.42
ebitdaratio	0.25	0.05	386.80
operating income	103705000	-16370999	733.47
operating income ratio	0.11	-0.02	671.68
net income	70426000	68279000	3.14
net income ratio	0.07	0.08	-6.92
eps	0.05	0.05	6.32

Overall Score of Annual Income Statement

0.67 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Revenue Growth: revenue increased to 957 million in 2023 from 863 million in 2022 representing a change of 10.81%. This indicates a sales growth, which is a positive sign for the company.

  Gross Profit: Gross Profit increased to 350 million in 2023 from 251 million in 2022 representing a change of 39.56%. This indicates a sales profitability growth, which is a positive sign for the company.

  Operating Income: Operating income increased to 104 million in 2023 from -16 million in 2022 representing a change of 733.47%. The increase in operating income indicates better operational performance and increased profitability.

  Net Income: Net income increased to 70 million in 2023 from 68 million in 2022 representing a change of 3.14%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

• 📉 Negative Indicators

  Operating Expenses: Operating Expenses increased to 246 million in 2023 from 119 million in 2022 representing a change of 106.34%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased to 238 million in 2023 from 44 million in 2022 representing a change of 439.42%. The decrease in EBITDA indicates declined operational efficiency and profitability.

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2023Q4	2023Q2	Q/Q change %
0000000000
revenue	574971000	381786000	50.60
gross profit	218411000	131246000	66.41
gross profit ratio	0.38	0.34	10.50
research and development expenses	0	0	NaN
operating expenses	114616000	84166000	36.18
interest income	18065000	22128000	-18.36
interest expense	0	0	NaN
ebitda	132548000	29302000	352.35
ebitdaratio	0.23	0.08	200.37
operating income	103863000	1906000	5349.27
operating income ratio	0.18	0.0	3518.36
net income	37703000	32723000	15.22
net income ratio	0.07	0.09	-23.49
eps	0.03	0.02	14.98

Overall Score of Quarterly Income Statement

0.71 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Revenue Growth: revenue increased to 575 million in 2023Q4 from 382 million in 2023Q2 representing a change of 50.6%. This indicates a sales growth, which is a positive sign for the company.

  Gross Profit: Gross Profit increased to 218 million in 2023Q4 from 131 million in 2023Q2 representing a change of 66.41%. This indicates a sales profitability growth, which is a positive sign for the company.

  Operating Expenses: Operating Expenses decreased to 115 million in 2023Q4 from 84 million in 2023Q2 representing a change of 36.18%. The decrease in operating expenses can be attributed to various factors such as improved profitability, cost optimization and financial stability, lower operating expenses can be positive indicators.

  Net Income: Net income increased to 38 million in 2023Q4 from 33 million in 2023Q2 representing a change of 15.22%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

  Earnings per Share (EPS): EPS increased to 0.03 in 2023Q4 from 0.03 in 2023Q2 representing a change of 14.98%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

• 📉 Negative Indicators

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased to 133 million in 2023Q4 from 29 million in 2023Q2 representing a change of 352.35%. The decrease in EBITDA indicates declined operational efficiency and profitability.

  Operating Income: Operating income decreased to 104 million in 2023Q4 from 2 million in 2023Q2 representing a change of 5349.27%. The decrease in operating income indicates worse operational performance and decreased profitability.

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
total assets	5982778000	5821706000	2.77
total liabilities	2169328000	2109699000	2.83
total equity	3813450000	3712007000	2.73
cash and cash equivalents	567542000	460310000	23.30
short term investments	0	0	NaN
long term investments	44749000	84865000	-47.27
total current assets	4370187000	4415304000	-1.02
total non current assets	1612591000	1214921000	32.73
total current liabilities	1701279000	1508702000	12.76
total non current liabilities	468049000	551418000	-15.12
common stock	1654000	1654000	0.00
retained earnings	1992111000	2082824999	-4.36
total debt	759208000	821525000	-7.59

Overall Score of Annual Balance Sheet

0.5 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 5,983 million in 2023 from 5,822 million in 2022 representing a change of 2.77%. Suggesting a growth in asset holdings.

  Total Equity: Total Equity increased to 3,813 million in 2023 from 3,712 million in 2022 representing a change of 2.73%. This indicates an increase in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 568 million in 2023 from 460 million in 2022 representing a change of 23.3%. This indicates an increase in available liquid assets.

  Total Debt: Total Debt decreased to 759 million in 2023 from 822 million in 2022 representing a change of -7.59%. This indicates a reduction in overall debt burden.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 2,169 million in 2023 from 2,110 million in 2022 representing a change of 2.83%. This indicates an increase in overall liabilities.

  Total Current Assets: Total Current Assets decreased to 4,370 million in 2023 from 4,415 million in 2022 representing a change of -1.02%. This indicates a worsen liquidity position.

  Total Current Liabilities: Total Current Liabilities increased to 1,701 million in 2023 from 1,509 million in 2022 representing a change of 12.76%. This indicates a higher short-term debt burden.

  Retained Earnings: Retained Earnings decreased to 1,992 million in 2023 from 2,083 million in 2022 representing a change of -4.36%. This indicates an accumulated losses.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2023Q4	2023Q2	Q/Q change %
0000000000
total assets	5982778000	5744566000	4.15
total liabilities	2169328000	2004420000	8.23
total equity	3813450000	3740146000	1.96
cash and cash equivalents	567542000	451659000	25.66
short term investments	0	0	NaN
long term investments	44749000	72444000	-38.23
total current assets	4370187000	4365782000	0.10
total non current assets	1612591000	1171142000	37.69
total current liabilities	1701279000	1424698000	19.41
total non current liabilities	468049000	538806000	-13.13
common stock	1654000	1654000	0.00
retained earnings	1992111000	2115547999	-5.83
total debt	759208000	830713000	-8.61

Overall Score of Quarterly Balance Sheet

0.62 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 5,983 million in 2023Q4 from 5,745 million in 2023Q2 representing a change of 4.15%. Suggesting a growth in asset holdings.

  Total Equity: Total Equity increased to 3,813 million in 2023Q4 from 3,740 million in 2023Q2 representing a change of 1.96%. This indicates an increase in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 568 million in 2023Q4 from 452 million in 2023Q2 representing a change of 25.66%. This indicates an increase in available liquid assets.

  Total Current Assets: Total Current Assets increased to 4,370 million in 2023Q4 from 4,366 million in 2023Q2 representing a change of 0.1%. This indicates a better liquidity position.

  Total Debt: Total Debt decreased to 759 million in 2023Q4 from 831 million in 2023Q2 representing a change of -8.61%. This indicates a reduction in overall debt burden.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 2,169 million in 2023Q4 from 2,004 million in 2023Q2 representing a change of 8.23%. This indicates an increase in overall liabilities.

  Total Current Liabilities: Total Current Liabilities increased to 1,701 million in 2023Q4 from 1,425 million in 2023Q2 representing a change of 19.41%. This indicates a higher short-term debt burden.

  Retained Earnings: Retained Earnings decreased to 1,992 million in 2023Q4 from 2,116 million in 2023Q2 representing a change of -5.83%. This indicates an accumulated losses.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
net change in cash	107232000	180743000	-40.67
operating cash flow	273134000	45466000	500.74
free cash flow	224350000	37458001	498.94
capital expenditure	-48784000	-8007999	-509.19
depreciation and amortization	84297000	84334000	-0.04
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts payables	0	1670000	-100.00
inventory	-124111000	40722000	-404.78
acquisitions net	19364000	60084000	-67.77
investments in property plant and equipment	-48784000	-8007999	-509.19
net cash used for investing activites	38671000	269831000	-85.67
debt repayment	-41598000	-3934000	-957.40
common stock issued	0	0	NaN
common stock repurchased	0	-18494000	100.00
dividends paid	0	0	NaN
net cash used provided by financing activities	-205745000	-125767000	-63.59
cash at end of period	567542000	460310000	23.30
accounts receivables	243276000	-95542000	354.63
cash at beginning of period	460310000	279567000	64.65

Overall Score of Annual Cashflow Statement

0.67 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Net Change in Cash: Net Change in Cash decreased to 107 million in 2023 from 181 million in 2022 representing a change of -40.67%. Indicating a declined ability to generate cash from the company's operations or its cash flow position.

  Accounts Receivables: Accounts Receivables increased to 243 in 2023 from -96 million in 2022 representing a change of 354.63%. This suggests that the company is less capable of collecting payments from its customers.

• 📈 Positive Indicators

  Operating Cash Flow: Operating Cash Flow increased to 273 million in 2023 from 45 million in 2022 representing a change of 500.74%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to 224 million in 2023 from 37 million in 2022 representing a change of 498.94%. This indicates an increase in cash generated after accounting for capital expenditures.

  Capital Expenditure: Capital Expenditure decreased to -49 million in 2023 from -8 million in 2022 representing a change of -509.19%. This indicates a possible improved efficiency or a shift in the company's strategic priorities.

  Accounts Payables: The absolute value of Accounts Payables decreased to 0 million in 2023 from 2 million in 2022 representing a change of -100.0%. This indicates that the company has reduced its outstanding obligations to its suppliers.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023Q4	2023Q2	Q/Q change %
0000000000
operating cash flow	276710000	-3576000	7837.98
free cash flow	238191000	-13841000	1820.91
capital expenditure	-38519000	-10265000	-275.25
depreciation and amortization	42634000	41594000	2.50
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts receivables	243276000	0	NaN
accounts payables	0	0	NaN
inventory	-124111000	0	NaN
acquisitions net	456000	0	NaN
investments in property plant and equipment	-38519000	-10265000	-275.25
net cash used for investing activites	17943000	20728000	-13.44
debt repayment	0	0	NaN
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	-181656000	-24089000	-654.10
net change in cash	0	-8651000	100.00
cash at end of period	451659000	451659000	0.00
cash at beginning of period	451659000	460310000	-1.88

Overall Score of Quarterly Cashflow Statement

0.8 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 0 million in 2023Q4 from -9 million in 2023Q2 representing a change of 100.0%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow increased to 277 million in 2023Q4 from -4 million in 2023Q2 representing a change of 7837.98%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to 238 million in 2023Q4 from -14 million in 2023Q2 representing a change of 1820.91%. This indicates an increase in cash generated after accounting for capital expenditures.

  Capital Expenditure: Capital Expenditure decreased to -39 million in 2023Q4 from -10 million in 2023Q2 representing a change of -275.25%. This indicates a possible improved efficiency or a shift in the company's strategic priorities.

• 📉 Negative Indicators

  Accounts Receivables: Accounts Receivables increased to 243 in 2023Q4 from 0 million in 2023Q2 representing a change of nan%. This suggests that the company is less capable of collecting payments from its customers.

Earnings Transcripts ⓘ

No earnings transcripts available.

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2023-12-31	2022-12-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	0.66	0.58	14.25
net income per share	0.05	0.05	6.35
operating cash flow per share	0.19	0.03	519.41
free cash flow per share	0.16	0.03	517.54
cash per share	0.39	0.31	27.13
book value per share	2.64	2.49	5.92
tangible book value per share	2.64	2.49	5.93
shareholders equity per share	2.6	2.47	5.10
interest debt per share	0.56	0.59	-6.54
market cap	385751103.22	578108076.53	-33.27
enterprise value	577417103.22	939323076.53	-38.53
pe ratio	5.48	8.47	-35.31
price to sales ratio	0.4	0.67	-39.78
pocfratio	1.41	12.72	-88.89
pfcf ratio	1.72	15.43	-88.86
pb ratio	0.1	0.16	-34.54
ptb ratio	0.1	0.16	-34.54
ev to sales	0.6	1.09	-44.52
enterprise value over ebitda	2.43	21.32	-88.60
ev to operating cash flow	2.11	20.66	-89.77
ev to free cash flow	2.57	25.08	-89.74
earnings yield	0.18	0.12	54.58
free cash flow yield	0.58	0.06	797.60
debt to equity	0.2	0.22	-9.34
debt to assets	0.13	0.14	-10.07
net debt to ebitda	0.81	8.2	-90.16
current ratio	2.57	2.93	-12.23
interest coverage	2.43	-0.26	1037.67
income quality	3.88	0.67	482.43
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0.19	0.22	-15.31
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0.0	0.0	-73.65
capex to operating cash flow	0.18	0.18	1.41
capex to revenue	0.05	0.01	449.77
capex to depreciation	0.58	0.09	509.46
stock based compensation to revenue	0	0	NaN
graham number	1.69	1.6	5.72
roic	0.01	-0.0	563.85
return on tangible assets	0.01	0.01	0.37
graham net net	-0.51	-0.23	-122.95
working capital	2668908000	2906602000	-8.18
tangible asset value	3813424000	3711911000	2.73
net current asset value	2200859000	2305605000	-4.54
invested capital	3771174000	4036658000	-6.58
average receivables	0	45466000	-100.00
average payables	250413500	344152000	-27.24
average inventory	2185199000	2646473000	-17.43
days sales outstanding	0	0	NaN
days payables outstanding	158.17	141.58	11.72
days of inventory on hand	1049.6	1563.07	-32.85
receivables turnover	0	0	NaN
payables turnover	2.31	2.58	-10.49
inventory turnover	0.35	0.23	48.92
roe	0.02	0.02	1.18
capex per share	0.03	0.01	528.12

• Negative

  ROE: Return on Equity (ROE) decreased to 0.02 on 2023-12-31 from 0.02 on 2022-12-31, representing a change of 1.18%. Suggesting that the company has not been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 5.48 on 2023-12-31 from 8.47 on 2022-12-31, representing a change of -35.31%. Indicating a decrease in the relative valuation of the company's stock.

• Neutral

  Current Ratio: Current Ratio decreased to 2.57 on 2023-12-31 from 2.93 on 2022-12-31, representing a change of -12.23%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. However, it is still above 1, indicating the ability to cover short-term obligations.

• Positive

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.20 on 2023-12-31 from 0.22 on 2022-12-31, representing a change of -9.34%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

• Quarterly Financial Ratios

	2023-12-31 Q4	2023-06-30 Q2	Q/Q change %
0496.HK
calendar year	2023	2023	NaN
revenue per share	0.4	0.26	50.60
net income per share	0.03	0.02	15.22
operating cash flow per share	0.19	-0.0	7838.07
free cash flow per share	0.17	-0.01	1820.93
cash per share	0.39	0.31	25.66
book value per share	2.64	2.59	1.96
tangible book value per share	2.64	2.59	1.96
shareholders equity per share	2.6	2.58	0.91
interest debt per share	0.53	0.58	-8.61
market cap	385760499.33	360437913.29	7.03
enterprise value	577426499.33	739491913.29	-21.92
pe ratio	2.56	2.75	-7.11
price to sales ratio	0.67	0.94	-28.93
pocfratio	1.39	-100.79	101.38
pfcf ratio	1.62	-26.04	106.22
pb ratio	0.1	0.1	6.06
ptb ratio	0.1	0.1	6.06
ev to sales	1.0	1.94	-48.15
enterprise value over ebitda	4.36	25.24	-82.74
ev to operating cash flow	2.09	-206.79	101.01
ev to free cash flow	2.42	-53.43	104.54
earnings yield	0.1	0.09	7.66
free cash flow yield	0.62	-0.04	1707.94
debt to equity	0.2	0.22	-9.44
debt to assets	0.13	0.14	-12.25
net debt to ebitda	1.45	12.94	-88.82
current ratio	2.57	3.06	-16.17
interest coverage	0	0	NaN
income quality	7.34	-0.11	6815.91
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0.15	0.24	-35.59
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0.0	0.0	-56.96
capex to operating cash flow	0.14	-2.87	104.85
capex to revenue	0.07	0.03	149.17
capex to depreciation	0.9	0.25	266.09
stock based compensation to revenue	0	0	NaN
graham number	1.24	1.15	7.83
roic	0.01	0.0	2628.65
return on tangible assets	0.01	0.01	10.63
graham net net	-0.51	-0.1	-386.96
working capital	2668908000	2941084000	-9.25
tangible asset value	3813424000	3740088000	1.96
net current asset value	2200859000	2361362000	-6.80
invested capital	3771174000	4039782000	-6.65
average receivables	None	None	NaN
average payables	None	None	NaN
average inventory	None	None	NaN
days sales outstanding	0	16.96	-100.00
days payables outstanding	66.41	71.7	-7.38
days of inventory on hand	440.66	969.27	-54.54
receivables turnover	0	5.31	-100.00
payables turnover	1.36	1.26	7.97
inventory turnover	0.2	0.09	119.96
roe	0.01	0.01	14.18
capex per share	0.03	0.01	275.25

• Negative

  ROE: Return on Equity (ROE) decreased to 0.01 on 2023-12-31 Q4 from 0.01 on 2023-06-30 Q2, representing a change of 14.18%. Suggesting that the company has not been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 2.56 on 2023-12-31 Q4 from 2.75 on 2023-06-30 Q2, representing a change of -7.11%. Indicating a decrease in the relative valuation of the company's stock.

• Neutral

  Current Ratio: Current Ratio decreased to 2.57 on 2023-12-31 Q4 from 3.06 on 2023-06-30 Q2, representing a change of -16.17%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. However, it is still above 1, indicating the ability to cover short-term obligations.

• Positive

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.20 on 2023-12-31 Q4 from 0.22 on 2023-06-30 Q2, representing a change of -9.44%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

Negative Sentiment: Discounted Cash Flow value is 0.22 which is lower than current price 0.38, indicates the company may be overvalued.