Company Valuation: Fourace Industries Group Holdings Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 240 254.4 317.1 230.1 209.7 277.4
Change - 6.01% 24.62% -27.42% -8.89% 32.32%
Enterprise Value (EV) 1 76.88 82.72 69.76 -20.27 -107.6 -9.099
Change - 7.59% -15.67% -129.06% -431.05% 91.55%
P/E 3.66x 4.2x 4.94x 5.94x 5.03x 7.58x
PBR 0.69x 0.7x 0.78x 0.56x 0.46x 0.61x
PEG - -0.43x 0.82x -0.1x 0.65x -0.6x
Capitalization / Revenue 0.55x 0.54x 0.87x 0.86x 0.77x 1.64x
EV / Revenue 0.18x 0.17x 0.19x -0.08x -0.4x -0.05x
EV / EBITDA 0.87x 0.97x 0.87x -0.43x -2.04x -0.4x
EV / EBIT 1.02x 1.15x 1.04x -0.58x -2.64x -0.88x
EV / FCF 10.2x 2.01x 0.95x -1.02x -2.39x 0.36x
FCF Yield 9.81% 49.8% 106% -97.6% -41.8% 280%
Dividend per Share 2 0.038 0.015 0.015 - 0.015 0.005
Rate of return 19.8% 7.54% 6.05% - 9.15% 2.3%
EPS 2 0.0525 0.0474 0.0502 0.0303 0.0326 0.0286
Distribution rate 72.4% 31.7% 29.9% - 46% 17.5%
Net sales 1 437.4 473.4 365.6 268 272.3 169.3
EBITDA 1 88.32 85.24 79.93 46.85 52.67 22.63
EBIT 1 75.57 72.24 67.11 35.25 40.74 10.33
Net income 1 58.14 59.72 64.2 38.72 41.7 36.58
Net Debt 1 -163.1 -171.7 -247.3 -250.4 -317.3 -286.5
Reference price 2 0.1920 0.1990 0.2480 0.1800 0.1640 0.2170
Nbr of stocks (in thousands) 1,250,000 1,278,563 1,278,563 1,278,563 1,278,563 1,278,563
Announcement Date 7/9/21 7/7/22 7/7/23 7/9/24 7/8/25 7/16/26
1HKD in Million2HKD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 40.61M
7.87x1.1x5.4x7.03% 34.58B
9.99x1.64x6.47x3.34% 5B
15.85x1.21x9.28x1.82% 4.84B
11.53x0.27x4.58x4.78% 4.78B
17.61x1.14x12.07x0.57% 5.2B
21.03x0.51x8.33x2.37% 2.65B
14.76x - - 5.2% 2.46B
11.34x1.35x8.77x6.08% 2.33B
21.59x - - 1.98% 1.97B
Average 14.62x 1.03x 7.84x 3.68% 6.39B
Weighted average by Cap. 11.07x 1.07x 6.59x 5.2%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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