Company Valuation: Halo Microelectronics Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2022 2023 2024 2025
Market Cap 1 9,213 7,197 4,537 6,029
Change - -21.88% -36.96% 32.88%
Enterprise Value (EV) 1 7,662 5,937 3,636 5,372
Change - -22.52% -38.75% 47.71%
P/E -568x -135x -15x -52.5x
PBR 5.14x 3.93x 3.06x 4.35x
PEG 4x -1x -0x 0.8x
Capitalization / Revenue 16.5x 18.3x 8.32x 6.42x
EV / Revenue 13.7x 15.1x 6.67x 5.72x
EV / EBITDA -359x -26.4x -11.9x -43.4x
EV / EBIT -181x -22.9x -11.1x -35.3x
EV / FCF -125x -19.1x -17.7x -25.9x
FCF Yield -0.8% -5.24% -5.65% -3.86%
Dividend per Share 2 - - - -
Rate of return - - - -
EPS 2 -0.04 -0.13 -0.74 -0.28
Distribution rate - - - -
Net sales 1 559.5 393.6 545.5 939.4
EBITDA 1 -21.32 -224.9 -306 -123.7
EBIT 1 -42.28 -259.6 -327.4 -152.4
Net income 1 -15.15 -54.18 -290.6 -113.9
Net Debt 1 -1,551 -1,260 -900.8 -657.4
Reference price 2 22.73 17.59 11.08 14.70
Nbr of stocks (in thousands) 405,307 409,151 409,498 410,130
Announcement Date 4/19/23 A 4/26/24 A 4/22/25 A 4/16/26 A
1CNY in Million2CNY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 737M
51.89x8.25x42.03x1.57% 176B
60.88x9.06x17.4x-.--% 95.26B
41.53x8.95x30.98x1.36% 52.65B
45.84x - - 0.22% 46.27B
7654.11x72.33x2296.01x - 40.8B
36.46x6.73x23.74x1.19% 39.98B
40.61x6.77x27.58x1.08% 31.06B
30.79x7.14x23.52x0.64% 29.56B
37.43x4.11x20.39x1.26% 27.85B
Average 888.84x 15.42x 310.21x 0.92% 53.99B
Weighted average by Cap. 623.61x 13.27x 217.96x 0.99%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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