Company Valuation: Halo Microelectronics Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2022 2023 2024 2025
Market Cap 1 9,213 7,197 4,537 6,029
Change - -21.88% -36.96% 32.88%
Enterprise Value (EV) 1 7,662 5,937 3,636 5,372
Change - -22.52% -38.75% 47.71%
P/E -568x -135x -15x -52.5x
PBR 5.14x 3.93x 3.06x 4.35x
PEG 4x -1x -0x 0.8x
Capitalization / Revenue 16.5x 18.3x 8.32x 6.42x
EV / Revenue 13.7x 15.1x 6.67x 5.72x
EV / EBITDA -359x -26.4x -11.9x -43.4x
EV / EBIT -181x -22.9x -11.1x -35.3x
EV / FCF -125x -19.1x -17.7x -25.9x
FCF Yield -0.8% -5.24% -5.65% -3.86%
Dividend per Share 2 - - - -
Rate of return - - - -
EPS 2 -0.04 -0.13 -0.74 -0.28
Distribution rate - - - -
Net sales 1 559.5 393.6 545.5 939.4
EBITDA 1 -21.32 -224.9 -306 -123.7
EBIT 1 -42.28 -259.6 -327.4 -152.4
Net income 1 -15.15 -54.18 -290.6 -113.9
Net Debt 1 -1,551 -1,260 -900.8 -657.4
Reference price 2 22.73 17.59 11.08 14.70
Nbr of stocks (in thousands) 405,307 409,151 409,498 410,130
Announcement Date 4/19/23 4/26/24 4/22/25 4/16/26
1CNY in Million2CNY
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 763M
56.02x8.91x44.98x1.41% 185B
68.68x10.19x19.56x-.--% 109B
53.24x - - 0.19% 53.62B
48.15x9.71x35.84x0.99% 52.67B
9129x86.51x2746.1x - 48.55B
52.42x7.45x28.94x0.79% 42.54B
43.88x7.31x29.79x1% 33.48B
24.48x6.75x18.9x1.38% 32.65B
33.3x7.72x25.41x0.6% 31.89B
Average 1,056.57x 18.07x 368.69x 0.8% 59B
Weighted average by Cap. 801.07x 15.86x 278.79x 0.84%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Halo Microelectronics Co., Ltd.