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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Pb Multiple | 0.6x - 0.6x | 0.6x |
Historical Pb Multiple | 0.5x - 2.0x | 0.9x |
Fair Value | HK$ 0.44 - HK$ 0.49 | HK$ 0.47 |
Upside | 30.9% - 44.7% | 37.8% |
Benchmarks | - | Full Ticker |
Ocean One Holding Ltd. | 847,600.0% | SEHK:8476 |
Convenience Retail Asia Limited | 83,100.0% | SEHK:831 |
B & S International Holdings Ltd. | 170,500.0% | SEHK:1705 |
Best Mart 360 Holdings Limited | 236,000.0% | SEHK:2360 |
CEC International Holdings Limited | 75,900.0% | SEHK:759 |
Golden Resources Development International Limited | 67,700.0% | SEHK:677 |
Select Price / Book Ratio | ||||||||
Benchmark Companies | ||||||||
8476 | 831 | 1705 | 2360 | 759 | 677 | |||
SEHK:8476 | SEHK:831 | SEHK:1705 | SEHK:2360 | SEHK:759 | SEHK:677 | |||
Historical Net Income Growth | ||||||||
5Y CAGR | 10.3% | -6.4% | 20.1% | 32.9% | NM- | 89.6% | ||
3Y CAGR | 14.2% | -31.5% | 286.3% | 44.8% | NM- | 38.5% | ||
Latest Twelve Months | -6.6% | -58.6% | 7.2% | 10.3% | -465.1% | -85.4% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 8.8% | 62.1% | 2.8% | 5.4% | 0.9% | 2.5% | ||
Prior Fiscal Year | 10.7% | 3.9% | 5.7% | 8.7% | 2.9% | 6.2% | ||
Latest Fiscal Year | 8.9% | 1.6% | 6.5% | 8.8% | -2.0% | 5.2% | ||
Latest Twelve Months | 9.4% | 1.6% | 5.2% | 8.8% | -4.1% | 1.0% | ||
Return on Equity | ||||||||
5 Year Average Margin | 19.3% | 8.1% | 8.6% | 25.8% | 4.0% | 4.3% | ||
Prior Fiscal Year | 23.7% | 8.8% | 20.4% | 49.0% | 9.6% | 10.8% | ||
Latest Twelve Months | 15.3% | 3.7% | 16.0% | 48.9% | -12.0% | 1.5% | ||
Next Fiscal Year | 16.0% | 6.1% | 15.3% | 35.5% | 4.7% | 7.5% | ||
Two Fiscal Years Forward | 14.3% | 5.7% | 15.2% | 26.6% | 4.5% | 7.2% | ||
Current Trading Multiples | ||||||||
Price / LTM Sales | 1.9x | 0.2x | 0.3x | 0.6x | 0.1x | 0.3x | ||
Price / LTM EPS | 20.0x | 10.1x | 5.1x | 7.4x | -1.2x | 29.0x | ||
Price / Book | 2.9x | 0.4x | 0.8x | 3.4x | 0.2x | 0.4x | ||
Price / Fwd Book | 2.7x | 0.4x | 0.8x | 2.4x | 0.1x | 0.4x | ||
Low | Mid | High | ||||||
Benchmark P/B Ratio | 0.2x | 0.8x | 3.4x | |||||
Historical P/B Ratio | 0.5x | 0.9x | 2.0x | |||||
Selected P/B Multiple | 0.6x | 0.6x | 0.6x | |||||
(x) Book Value | 1,307 | 1,307 | 1,307 |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | 8476 | 831 | 1705 | 2360 | 759 | 677 | |
Value of Common Equity | 787 | 241 | 134 | 1,820 | 73 | 577 | |
(/) Shares Outstanding | 280.0 | 777.4 | 400.0 | 1,000.0 | 666.2 | 1,697.4 | |
Implied Stock Price | 2.81 | 0.31 | 0.34 | 1.82 | 0.11 | 0.34 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 2.81 | 0.31 | 0.34 | 1.82 | 0.11 | 0.34 | |
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 |