Company Valuation: Capital Estate Limited

Data adjusted to current consolidation scope
Fiscal Period: July 2020 2021 2022 2023 2024 2025
Market Cap 1 75.79 73.85 58.3 46.06 60.24 50.14
Change - -2.56% -21.05% -21% 30.8% -16.78%
Enterprise Value (EV) 1 -468.2 -410.2 -330.2 -223.6 -214.6 -245
Change - 12.41% 19.5% 32.27% 4.01% -14.15%
P/E -2.57x -2.17x -0.59x -1.54x 10.8x -3.26x
PBR 0.08x 0.08x 0.07x 0.06x 0.07x 0.06x
PEG - -0.1x -0x 0x -0x 0x
Capitalization / Revenue 0.76x 0.64x 0.67x 1.25x 1.07x 0.94x
EV / Revenue -4.67x -3.53x -3.78x -6.06x -3.81x -4.59x
EV / EBITDA 14.6x 70.6x 28.2x 6.84x 12.6x 13x
EV / EBIT 10.8x 23.2x 13.6x 5.22x 8.01x 7.85x
EV / FCF 7.4x 5.48x 34.7x 2.11x -10.8x -17.8x
FCF Yield 13.5% 18.3% 2.88% 47.3% -9.28% -5.62%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.1518 -0.1753 -0.5055 -0.1542 0.0287 -0.0659
Distribution rate - - - - - -
Net sales 1 100.3 116.1 87.27 36.88 56.4 53.4
EBITDA 1 -32.17 -5.808 -11.69 -32.7 -16.99 -18.89
EBIT 1 -43.41 -17.64 -24.26 -42.8 -26.81 -31.22
Net income 1 -29.5 -34.07 -98.26 -29.97 5.569 -13.9
Net Debt 1 -544 -484 -388.5 -269.7 -274.9 -295.1
Reference price 2 0.3900 0.3800 0.3000 0.2370 0.3100 0.2150
Nbr of stocks (in thousands) 194,338 194,338 194,338 194,338 194,338 233,203
Announcement Date 11/3/20 11/3/21 11/29/22 11/29/23 11/28/24 11/27/25
1HKD in Million2HKD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 5.59M
13.97x6.26x - 2.4% 281B
12.25x9.87x - 2.18% 265B
10.59x - - 2.1% 200B
14.67x5.28x8.75x1.41% 157B
15.39x10.37x16.81x2.19% 76.25B
9.47x1.23x - 3.71% 55.82B
19.3x11.05x12.21x0.64% 44B
8.56x5.95x - 3.88% 39.74B
29.5x4.1x5.17x0.53% 36.37B
Average 14.86x 6.76x 10.74x 2.11% 115.45B
Weighted average by Cap. 13.47x 7.26x 10.78x 2.14%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Capital Estate Limited

Historical PBR trend

Valuation ratios - PBR - Capital Estate Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Capital Estate Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Capital Estate Limited

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