Company Valuation: Prosperity Real Estate Investment Trust

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 4,640 3,002 2,100 1,919 2,262 2,138 -
Change - -35.31% -30.05% -8.6% 17.85% -5.47% -
Enterprise Value (EV) 4,640 3,002 2,100 1,919 4,644 2,138 2,138
Change - -35.31% -30.05% -8.6% 142.02% -53.97% 0%
P/E 77x - - - - - -
PBR 0.64x 0.42x 0.3x 0.29x 0.36x 0.34x 0.34x
PEG - - - - - - -
Capitalization / Revenue 10.4x 6.92x 4.8x 4.51x 5.54x 5.36x 5.39x
EV / Revenue 0x 0x 0x 0x 0x 5.36x 5.39x
EV / EBITDA - - - - - - -
EV / EBIT - - - - - - -
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Dividend per Share 2 0.1763 0.1625 0.1409 0.1198 0.1156 0.11 0.1
Rate of return 5.72% 8.17% 10.1% 9.66% 8.08% 8.21% 7.46%
EPS 2 0.04 - - - - - -
Distribution rate 441% - - - - - -
Net sales 1 445 434 437.3 425.4 408.5 399 397
EBITDA - 377.2 382.1 268 - - -
EBIT 294.3 - - - - - -
Net income 1 57.02 74.89 -5.673 -74.64 -251.6 125 123
Net Debt - - - - 2,383 - -
Reference price 2 3.080 1.990 1.390 1.240 1.430 1.340 1.340
Nbr of stocks (in thousands) 1,506,512 1,508,461 1,510,529 1,547,604 1,581,554 1,595,536 -
Announcement Date 3/10/22 A 3/9/23 A 3/15/24 A 3/21/25 A 3/24/26 A - -
1HKD in Million2HKD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - 8.15% 275M
39.5x18.69x23.73x3.23% 126B
30.86x14.03x17.83x4.41% 66.1B
36.52x14.64x15.12x5.92% 52.01B
17.93x15.15x17.26x1.15% 37.32B
16.54x23.24x27.85x3.49% 16.75B
26.33x10.56x14.57x4.79% 15.04B
8.2x11.84x14.51x6.08% 14.84B
17.88x15.97x23.13x5.41% 13.81B
29.27x11.14x16.32x4.18% 13.28B
Average 24.78x 15.03x 18.92x 4.68% 35.55B
Weighted average by Cap. 31.02x 16.06x 19.81x 3.94%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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