Company Valuation: Simplicity Holding Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2020 2021 2022 2023 2024 2025
Market Cap 1 25.6 88.32 283.2 171.5 72.5 23.82
Change - 245% 220.65% -39.45% -57.72% -67.14%
Enterprise Value (EV) 1 105 125.5 274.8 179.1 77.19 30.99
Change - 19.52% 118.97% -34.82% -56.91% -59.86%
P/E Ratio -0.58x 9.27x 70.7x -3.9x 7.5x -1x
PBR 1.17x 2.28x 6.61x 11.1x 2.1x 1.36x
PEG - -0x -1.2x 0x -0x 0x
Capitalization / Revenue 0.22x 0.9x 3.31x 2.5x 0.79x 0.24x
EV / Revenue 0.9x 1.29x 3.21x 2.61x 0.84x 0.32x
EV / EBITDA -12.2x -13.5x -25.7x -6.97x -48.4x -6.93x
EV / EBIT -5.72x -6.93x -18.4x -6.04x -14.6x -3.42x
EV / FCF 6.66x -4.26x 8.69x 5.43x -4.07x 15.4x
FCF Yield 15% -23.5% 11.5% 18.4% -24.5% 6.49%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -1.111 0.1984 0.0835 -0.7644 0.168 -0.3448
Distribution rate - - - - - -
Net sales 1 116.5 97.6 85.61 68.72 91.86 97.77
EBITDA 1 -8.626 -9.272 -10.69 -25.7 -1.596 -4.471
EBIT 1 -18.37 -18.12 -14.96 -29.65 -5.302 -9.048
Net income 1 -44.46 8.585 4.007 -36.69 8.247 -20.85
Net Debt 1 79.4 37.17 -8.412 7.639 4.683 7.163
Reference price 2 0.6400 1.8400 5.9000 2.9800 1.2600 0.3450
Nbr of stocks (in thousands) 40,000 48,000 48,000 57,542 57,542 69,050
Announcement Date 6/29/20 A 6/30/21 A 8/14/22 A 6/29/23 A 7/31/24 A 7/31/25 A
1HKD in Million2HKD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 2.58M
48.91x3.3x22.06x2.55% 113B
25.08x1.26x12.43x2.21% 56.42B
19.33x1.91x11.71x2.94% 23.32B
13.66x1.99x8.87x3.06% 12.77B
146.53x6.12x47.85x-.--% 9.5B
13.3x1.19x6.68x6.61% 9.02B
24.29x0.43x7.85x3.55% 8.28B
28.14x1.17x10.93x0.91% 7.73B
35.83x2.44x13.76x0.4% 6.98B
Average 39.45x 2.20x 15.79x 2.47% 24.66B
Weighted average by Cap. 39.44x 2.48x 17.56x 2.51%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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