Looks like there`s been an error while trying to load this page.
Our team has been notified but please contact us using the email support widget if the problem persists.
| Metrics | Range | Conclusion |
|---|---|---|
| Adjusted Earnings | 2.217 M - 12.434 M | 5.715 M |
| Discount Rate | 9.0% - 7.0% | 8.0% |
| Fair Value | HK$ 2.22 - HK$ 2.47 | HK$ 2.30 |
| Upside | -27.0% - -18.8% | -24.5% |
| Estimate Adjusted EBIT Margin | |||||||
| Fiscal Year Ending | LTM | ||||||
| Mar-20 | Mar-21 | Mar-22 | Mar-23 | Mar-24 | Sep-24 | ||
| (HKD in millions) | FY-4 | FY-3 | FY-2 | FY-1 | FY | LTM | |
| Revenue | 43 | 74 | 132 | 66 | 122 | 39 | |
| Adjusted EBITDA Build-up | |||||||
| EBT, Incl. Unusual Items | 125 | (29) | 3 | (20) | 76 | 76 | |
| (+) Net Interest Expense | (69) | (19) | (55) | (38) | (59) | (55) | |
| (+) Other Non Operating Exp. | (120) | (10) | (19) | (10) | (56) | (57) | |
| (+) D&A | 1 | 1 | 1 | 1 | 1 | 1 | |
| (+) Non-recurring Items | (1) | (2) | 15 | 18 | 9 | (12) | |
| Adjusted EBITDA | (63) | (58) | (55) | (49) | (30) | (46) | |
| (-) D&A | (1) | (1) | (1) | (1) | (1) | (1) | |
| Adjusted EBIT | (64) | (59) | (56) | (49) | (31) | (47) | |
| % of Revenue | -148.6% | -80.2% | -42.1% | -74.2% | -25.1% | -119.3% | |
| Low | Median | High | |||||
| Adjusted EBIT Margin | 0.0% | 0.0% | 0.0% | ||||
| Equity Waterfall | |||||||
| Model | |||||||
| (HKD in millions) | Low | Mid | High | Market | |||
| Enterprise Value | 25 | 71 | 178 | 531 | |||
| (+) Cash & Short Term Investments | 1,157 | 1,157 | 1,157 | 1,157 | |||
| (+) Investments & Other | 259 | 259 | 259 | 259 | |||
| (-) Debt | (70) | (70) | (70) | (70) | |||
| (-) Other Liabilities | 0 | 0 | 0 | 0 | |||
| (-) Preferred Stock | 0 | 0 | 0 | 0 | |||
| (-) Other | 0 | 0 | 0 | 0 | |||
| Value of Common Equity | 1,371 | 1,417 | 1,524 | 1,877 | |||
| (/) Shares Outstanding | 617.5 | 617.5 | 617.5 | 617.5 | |||
| Implied Stock Price (HKD) | 2.22 | 2.30 | 2.47 | 3.04 | |||
| FX Rate: HKD/HKD | 1.00 | 1.00 | 1.00 | 1.00 | |||
| Implied Stock Price (HKD) | 2.22 | 2.30 | 2.47 | 3.04 | |||
| Upside / (Downside) | -26.99% | -24.50% | -18.84% | ||||
| Stock Price | 3.04 | ||||||
| Stock Price Close | 3.04 | ||||||
| Restatment Type | Original | ||||||
| Reporting Currency | HKD | ||||||
| Trading Currency | HKD | ||||||
| FX Rate: HKD/HKD | 1.00 | ||||||
| Market Cap | 1,877.3 | ||||||
| Shares Outstanding | 617.5 | ||||||
| Share Exchange Ratio | 1.0 | ||||||
| Liquid Long-term Investments | 0 | ||||||