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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Ps Multiple | 0.4x - 0.5x | 0.4x |
Selected Fwd Ps Multiple | 0.4x - 0.5x | 0.5x |
Fair Value | 0.12HK$ - 0.13HK$ | 0.13HK$ |
Upside | 39.2% - 53.9% | 46.6% |
Benchmarks | Ticker | Full Ticker |
---|---|---|
Finet Group Limited | 831,700.0% | SEHK:8317 |
Planetree International Development Limited | 61,300.0% | SEHK:613 |
Gemini Investments (Holdings) Limited | 17,400.0% | SEHK:174 |
China Vered Financial Holding Corporation Limited | 24,500.0% | SEHK:245 |
Da Yu Financial Holdings Limited | 107,300.0% | SEHK:1073 |
Renze Harvest International Limited | 128,200.0% | SEHK:1282 |
Select Price / LTM Sales Ratio | ||||||||
Benchmark Companies | ||||||||
8317 | 613 | 174 | 245 | 1073 | 1282 | |||
SEHK:8317 | SEHK:613 | SEHK:174 | SEHK:245 | SEHK:1073 | SEHK:1282 | |||
Historical Sales Growth | ||||||||
5Y CAGR | -7.3% | 69.7% | 55.4% | -10.3% | -9.9% | -13.0% | ||
3Y CAGR | -9.1% | -25.1% | -5.1% | -28.8% | -2.3% | -22.2% | ||
Latest Twelve Months | -7.4% | -27.8% | -1.3% | -4.4% | 27.9% | 5.5% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | -85.0% | -63.3% | -26.4% | -86.4% | 49.9% | -14.1% | ||
Prior Fiscal Year | -127.0% | -123.6% | -61.8% | -21.7% | -373.1% | -68.0% | ||
Latest Fiscal Year | -63.3% | -241.3% | -9.1% | 203.7% | 40.6% | 13.8% | ||
Latest Twelve Months | -109.7% | -241.3% | -9.1% | 203.7% | 40.6% | -79.7% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | -9.2x | -13.7x | 17.9x | -6.7x | -2.6x | -3.7x | ||
Price / LTM Sales | 9.1x | 2.0x | 0.1x | 15.8x | 4.5x | 0.3x | ||
LTM P/E Ratio | -8.3x | -0.8x | -1.3x | -208.3x | -1.5x | -0.4x | ||
Low | Mid | High | ||||||
Benchmark LTM P/S Ratio | 0.1x | 4.5x | 15.8x | |||||
Historical LTM P/S Ratio | 0.4x | 0.8x | 1.3x | |||||
Selected Price / Sales Multiple | 0.4x | 0.4x | 0.5x | |||||
(x) LTM Sales | 786 | 786 | 786 | |||||
(=) Equity Value | 325 | 342 | 359 | |||||
(/) Shares Outstanding | 2,680.0 | 2,680.0 | 2,680.0 | |||||
Implied Value Range | 0.12 | 0.13 | 0.13 | |||||
FX Rate: HKD/HKD | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 0.12 | 0.13 | 0.13 | 0.09 | ||||
Upside / (Downside) | 41.0% | 48.4% | 55.9% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | 8317 | 613 | 174 | 245 | 1073 | 1282 | |
Value of Common Equity | 75 | 163 | 124 | 1,673 | 212 | 230 | |
(/) Shares Outstanding | 999.8 | 945.5 | 635.6 | 37,182.0 | 2,278.7 | 2,680.0 | |
Implied Stock Price | 0.08 | 0.17 | 0.20 | 0.05 | 0.09 | 0.09 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 0.08 | 0.17 | 0.20 | 0.05 | 0.09 | 0.09 | |
Trading Currency | HKD | HKD | HKD | HKD | HKD | HKD | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |