Company Valuation: Amasse Capital Holdings Limited

Data adjusted to current consolidation scope
Fiscal Period: September 2020 2021 2022 2023 2024 2025
Market Cap 1 170 98 70 168.3 52.8 66.26
Change - -42.35% -28.57% 140.43% -68.63% 25.49%
Enterprise Value (EV) 1 129.7 68.06 49.06 141.9 36.7 48.28
Change - -47.54% -27.92% 189.22% -74.13% 31.56%
P/E 30.2x -10.4x -7.54x -85.3x -5.96x -9.99x
PBR 3.75x 3.07x 3.1x 5.55x 2.46x 2.93x
PEG - 0x 4.9x 1.1x -0x 0.3x
Capitalization / Revenue 7.08x 19.1x 15.8x 16.1x 6.24x 5.2x
EV / Revenue 5.4x 13.3x 11.1x 13.5x 4.34x 3.79x
EV / EBITDA 20.6x -7.09x -6.69x -87.8x -4.29x -7.9x
EV / EBIT 21.5x -6.96x -6.55x -82x -4.16x -7.63x
EV / FCF 21x -21.6x -12.2x -39.9x 6.64x -23.8x
FCF Yield 4.76% -4.63% -8.22% -2.51% 15.1% -4.2%
Dividend per Share 2 0.004 - - - - -
Rate of return 2.35% - - - - -
EPS 2 0.005623 -0.00943 -0.009285 -0.001793 -0.008051 -0.005506
Distribution rate 71.1% - - - - -
Net sales 1 24.02 5.13 4.439 10.48 8.457 12.74
EBITDA 1 6.309 -9.595 -7.33 -1.616 -8.555 -6.11
EBIT 1 6.029 -9.776 -7.486 -1.731 -8.824 -6.328
Net income 1 5.623 -9.43 -9.285 -1.941 -8.857 -6.481
Net Debt 1 -40.26 -29.94 -20.94 -26.41 -16.1 -17.97
Reference price 2 0.1700 0.0980 0.0700 0.1530 0.0480 0.0550
Nbr of stocks (in thousands) 1,000,000 1,000,000 1,000,000 1,100,000 1,100,000 1,204,700
Announcement Date 12/24/20 12/31/21 12/29/22 12/29/23 1/7/25 12/31/25
1HKD in Million2HKD
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 16.85M
7.33x - - 4.12% 13.97B
12.51x4.3x15.17x3.51% 12.61B
14.75x - - 3.33% 11.74B
5.71x - - 5.36% 9.75B
17.4x - - 2.32% 8.56B
19.47x14.98x - 1.21% 7.86B
9.95x9.29x21.12x4.8% 6.37B
Average 12.44x 9.52x 18.14x 3.52% 8.86B
Weighted average by Cap. 12.06x 8.61x 17.16x 3.57%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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