Company Valuation: Future World Holdings Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 197.6 52.51 401.7 197.4 147.3 135.7
Change - -73.42% 665% -50.87% -25.39% -7.86%
Enterprise Value (EV) 1 652.6 465.5 631.3 432.5 677.8 589.7
Change - -28.66% 35.62% -31.49% 56.7% -13%
P/E -4.12x -6.31x -43.9x -0.84x 10.4x -2.51x
PBR 0.21x 0.06x 0.42x 0.25x 0.17x 0.17x
PEG - 0.1x 0.9x -0x -0x 0x
Capitalization / Revenue 0.89x 0.64x 8.52x 5.73x 1.74x 1.18x
EV / Revenue 2.94x 5.69x 13.4x 12.6x 8.02x 5.15x
EV / EBITDA -209x -42.1x -26.4x -104x 118x 44.2x
EV / EBIT -160x -39.3x -26x -95.2x 799x 381x
EV / FCF 2.53x -705x -3.88x -7.33x -74.9x 2.59x
FCF Yield 39.5% -0.14% -25.8% -13.6% -1.33% 38.6%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -1.016 -0.1521 -0.0789 -1.013 0.0559 -0.1794
Distribution rate - - - - - -
Net sales 1 221.6 81.88 47.17 34.42 84.46 114.6
EBITDA 1 -3.118 -11.06 -23.9 -4.17 5.757 13.34
EBIT 1 -4.086 -11.84 -24.25 -4.544 0.848 1.547
Net income 1 -38 -7.637 -7.021 -151.7 13.49 -52.47
Net Debt 1 455 413 229.7 235.2 530.5 454
Reference price 2 4.1800 0.9600 3.4600 0.8500 0.5800 0.4500
Nbr of stocks (in thousands) 47,266 54,696 116,095 232,191 253,891 301,508
Announcement Date 4/27/21 4/29/22 4/28/23 4/29/24 4/25/25 4/29/26
1HKD in Million2HKD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 14.22M
18.22x7.26x13.13x3.22% 165B
41.84x3.31x21.49x2.66% 108B
22.27x1.14x11.22x2.49% 50.38B
27.39x3.4x19.24x-.--% 39.04B
14.66x5.47x16.28x2.21% 37.38B
15.63x3.69x11.49x3.69% 24.37B
17.78x1.82x10.99x3.24% 22.6B
30.56x0.95x12.36x0.86% 14.56B
13.62x0.97x6.34x2.95% 13.7B
Average 22.44x 3.11x 13.62x 2.37% 47.46B
Weighted average by Cap. 24.57x 4.44x 15.17x 2.62%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Future World Holdings Limited

Historical PBR trend

Valuation ratios - PBR - Future World Holdings Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Future World Holdings Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Future World Holdings Limited

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