Market Price ($) | 6.240 |
Market Cap ($m) | 668 |
Enterprise Value ($m) | 1,949 |
Акції | 107,038,208 |
Code | MHPC LI |
FV ($) | **** |
Upside (%) | **** |
Recommendation | **** |
Indicator | 2017 | 2018 | 2019 | 2020E | 2021E |
---|---|---|---|---|---|
Sales ($m) | 1,288 | 1,552 | *** | *** | *** |
EBITDA ($m) | 459 | 450 | *** | *** | *** |
Net Income ($m) | 230 | 129 | *** | *** | *** |
Net Debt ($m) | 1,032 | 1,131 | *** | *** | *** |
Indicator | 2017 | 2018 | 2019 | 2020E | 2021E |
---|---|---|---|---|---|
П/E | 2.90 | 5.16 | *** | *** | *** |
П/Продажі | 0.52 | 0.43 | *** | *** | *** |
EV/EBITDA | 3.7 | 4.0 | *** | *** | *** |
П/Книга | 0.68 | 0.61 | *** | *** | *** |
Year | 2024 | 2026 | 2029 |
---|---|---|---|
Issue Volume ($m) | 500 | 550 | 350 |
Coupon Rate (% p.a.) | 7.75% | 6.95% | 6.25% |
Coupon Frequency | S/A | S/A | S/A |
Дата погашення | 5/10/2024 | 4/3/2026 | 9/19/2029 |
Ratings: Moody`s/S&P/Fitch | -/B/B+ | -/B/B+ | -/B/B+ |
Market Price* ($) | 109.00 | 109.00 | 102.00 |
Market YTM* | 4.77% | 4.96% | 5.95% |
Spread over UST* | 457 | 451 | 484 |
Note: *Based on bid price. |
Year | 2019 | 2020E | 2021E |
---|---|---|---|
Net Sales ($m) | 2,056 | *** | *** |
EBITDA ($m) | 427 | *** | *** |
Net Income ($m) | 221 | *** | *** |
EBIT Coverage Ratio (x) | 1.54 | *** | *** |
Net Debt/Equity (%) | 104.8% | *** | *** |
Covenants | |
---|---|
Restriction on payment of dividend | - |
Financial reports | A - within 135 days; S/A - within 90 days |
Max. Consolidated Net Debt/EBITDA* | 3:1 |
Events of Default | |
Failure to pay | 30 days |
Cross default | $10m |
Expiry of license, illegality, insolvency etc. | - |
Judgements | $10m/60 days |