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Metrics | Range | Conclusion |
---|---|---|
Selected LTM EBIT Multiple | 48.1x - 53.2x | 50.6x |
Selected Fwd EBIT Multiple | 44.9x - 49.7x | 47.3x |
Fair Value | S$0.00098 - S$0.0011 | S$0.0011 |
Upside | -1.9% - 12.9% | 5.5% |
Benchmarks | Ticker | Full Ticker |
China Ever Grand Financial Leasing Group Co., Ltd. | 379 | SEHK:379 |
NOIZ Group Limited | 8163 | SEHK:8163 |
Dingyi Group Investment Limited | 508 | SEHK:508 |
AGTech Holdings Limited | 8279 | SEHK:8279 |
Hi Sun Technology (China) Limited | 818 | SEHK:818 |
Joyas International Holdings Limited | E9L | Catalist:E9L |
- | - | - |
Select LTM EBIT Multiple | |||||||
Benchmark Companies | |||||||
379 | 8163 | 508 | 8279 | 818 | E9L | ||
SEHK:379 | SEHK:8163 | SEHK:508 | SEHK:8279 | SEHK:818 | Catalist:E9L | ||
Historical EBIT Growth | |||||||
5Y CAGR | NM- | NM- | 7.0% | NM- | NM- | NM- | |
3Y CAGR | NM- | NM- | -16.0% | NM- | NM- | NM- | |
Latest Twelve Months | -63.5% | -36.3% | -84.0% | NM | -549.3% | 32.9% | |
Historical EBIT Profit Margin | |||||||
5 Year Average Margin | -144.7% | -97.2% | 22.3% | -31.1% | 5.5% | -284.2% | |
Prior Fiscal Year | -58.2% | -68.6% | 18.7% | -5.9% | 1.0% | 8.3% | |
Latest Fiscal Year | -49.7% | -76.5% | 13.7% | -5.6% | -5.4% | 11.0% | |
Latest Twelve Months | -49.7% | -76.5% | 3.9% | -3.2% | -5.4% | 11.0% | |
Current Trading Multiples | |||||||
EV / LTM Revenue | 0.96x | 2.28x | 1.17x | -0.09x | -0.75x | 5.46x | |
EV / LTM EBITDA | -2.0x | -3.6x | 29.3x | -7.1x | 21.1x | NA | |
EV / LTM EBIT | -1.9x | -3.0x | 30.1x | 2.9x | 13.9x | 49.5x | |
Low | Mid | High | |||||
Benchmark EV / LTM EBIT | -3.0x | 2.9x | 30.1x | ||||
Historical EV / LTM EBIT | -30.5x | 49.5x | 75.8x | ||||
Selected EV / LTM EBIT | 48.1x | 50.6x | 53.2x | ||||
(x) LTM EBIT | 0 | 0 | 0 | ||||
(=) Implied Enterprise Value | 19 | 20 | 21 | ||||
(-) Non-shareholder Claims * | (6) | (6) | (6) | ||||
(=) Equity Value | 13 | 14 | 15 | ||||
(/) Shares Outstanding | 2,213.8 | 2,213.8 | 2,213.8 | ||||
Implied Value Range | 0.01 | 0.01 | 0.01 | ||||
FX Rate: HKD/SGD | 6.0 | 6.0 | 6.0 | Market Price | |||
Implied Value Range (Trading Cur) | 0.00 | 0.00 | 0.00 | 0.00 | |||
Upside / (Downside) | -2.5% | 4.8% | 12.2% |
Equity Waterfall | |||||||
Benchmark Companies | |||||||
(in millions) | 379 | 8163 | 508 | 8279 | 818 | E9L | |
Enterprise Value | (49) | 53 | 1,073 | (57) | (5,533) | 19 | |
(+) Cash & Short Term Investments | 17 | 11 | 134 | 2,652 | 3,349 | 10 | |
(+) Investments & Other | 146 | 5 | 0 | 0 | 3,776 | 0 | |
(-) Debt | (10) | (3) | (982) | (83) | (118) | (15) | |
(-) Other Liabilities | 0 | 0 | 0 | (167) | (592) | (1) | |
(-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
(-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
Value of Common Equity | 103 | 66 | 225 | 2,346 | 883 | 13 | |
(/) Shares Outstanding | 1,687.3 | 604.4 | 850.7 | 11,672.3 | 2,758.3 | 2,213.8 | |
Implied Stock Price | 0.06 | 0.11 | 0.27 | 0.20 | 0.32 | 0.01 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 6.01 | |
Implied Stock Price (Trading Cur) | 0.06 | 0.11 | 0.27 | 0.20 | 0.32 | 0.00 | |
Trading Currency | HKD | HKD | HKD | HKD | HKD | SGD | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 6.01 |