Company Valuation: Superactive Group Company Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2018 2019 2020 2021 2022 2023
Market Cap 1 630.1 424.8 315 392.3 69.11 38.62
Change - -32.58% -25.84% 24.52% -82.38% -44.12%
Enterprise Value (EV) 1 1,041 924.3 836.5 902.1 550 520.5
Change - -11.21% -9.49% 7.84% -39.03% -5.37%
P/E -3.61x -4.51x -2.91x -2.72x -0.74x -0.16x
PBR 0.88x 0.68x 0.58x 0.94x 0.24x 1.09x
PEG - 0.1x -0.2x -0.1x 0x -0x
Capitalization / Revenue 2.65x 2.3x 3.12x 2.97x 0.78x 0.57x
EV / Revenue 4.38x 5x 8.27x 6.82x 6.2x 7.7x
EV / EBITDA -32.3x -431x 94x -13x 212x -47.7x
EV / EBIT -20.1x -38.8x -67.7x -9.81x -26.9x -15.1x
EV / FCF -2.87x -18.2x -117x 14.9x 5.2x 11.8x
FCF Yield -34.9% -5.5% -0.86% 6.72% 19.2% 8.45%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.0858 -0.0464 -0.0533 -0.0709 -0.046 -0.1176
Distribution rate - - - - - -
Net sales 1 237.5 184.8 101.1 132.2 88.73 67.63
EBITDA 1 -32.25 -2.145 8.903 -69.61 2.595 -10.92
EBIT 1 -51.75 -23.82 -12.36 -91.94 -20.42 -34.44
Net income 1 -174.3 -94.28 -108.3 -144.1 -93.43 -239
Net Debt 1 410.8 499.5 521.5 509.8 480.9 481.9
Reference price 2 0.3100 0.2090 0.1550 0.1930 0.0340 0.0190
Nbr of stocks (in thousands) 2,032,571 2,032,571 2,032,571 2,032,571 2,032,571 2,032,571
Announcement Date 4/25/19 A 5/12/20 A 4/29/21 A 4/28/22 A 4/27/23 A 5/7/24 A
1HKD in Million2HKD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 3.37M
35.62x12.7x23.2x0.77% 126B
47.05x7.82x34.1x1.7% 52.58B
26.85x1.25x14.27x-.--% 40.82B
23.81x2.01x9.68x1.29% 36.93B
30.63x2.15x14.91x1.54% 29.42B
29.76x4.53x18.07x-.--% 28.83B
11.19x6.22x17.35x1.35% 28.13B
31.58x4.85x19.37x0.73% 18.6B
23.94x3.06x12.81x-.--% 16.86B
Average 28.94x 4.95x 18.20x 0.82% 37.79B
Weighted average by Cap. 31.74x 7.00x 20.31x 0.88%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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