Company Valuation: IPE Group Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 726.1 947 641.9 526.1 520.9 789.2
Change - 30.43% -32.22% -18.03% -1% 51.52%
Enterprise Value (EV) 1 -10.09 226.3 56.15 -0.8309 253 482.1
Change - 2,342.5% -75.19% -101.48% 30,543.71% 90.57%
P/E 26.5x 11.6x 73.8x 92.9x 49.2x 69.5x
PBR 0.39x 0.47x 0.35x 0.29x 0.29x 0.42x
PEG - 0x -0.8x -2.7x 0.6x 9.6x
Capitalization / Revenue 0.91x 0.92x 0.67x 0.59x 0.52x 0.73x
EV / Revenue -0.01x 0.22x 0.06x -0x 0.25x 0.44x
EV / EBITDA -0.1x 1.48x 0.55x -0.01x 1.91x 3.57x
EV / EBIT -0.5x 3.62x 5.63x -0.07x 8.49x 13.5x
EV / FCF -0.14x -2.98x -3.01x -0.01x -1x -17.5x
FCF Yield -739% -33.5% -33.2% -11,396% -100% -5.7%
Dividend per Share 2 - - - - - 0.028
Rate of return - - - - - 3.73%
EPS 2 0.026 0.0774 0.008261 0.005385 0.0101 0.0108
Distribution rate - - - - - 259%
Net sales 1 793.7 1,031 962.6 898.7 1,010 1,087
EBITDA 1 101.8 152.6 101.6 110.9 132.4 134.9
EBIT 1 20.36 62.6 9.98 11.59 29.81 35.6
Net income 1 27.41 81.43 8.693 5.667 10.6 11.39
Net Debt 1 -736.1 -720.7 -585.7 -527 -267.9 -307.1
Reference price 2 0.6900 0.9000 0.6100 0.5000 0.4950 0.7500
Nbr of stocks (in thousands) 1,052,254 1,052,254 1,052,254 1,052,254 1,052,254 1,052,254
Announcement Date 4/22/21 3/23/22 4/21/23 4/12/24 4/14/25 4/30/26
1HKD in Million2HKD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 80.53M
16.65x2.23x9.84x3.06% 241B
25.8x3.01x16.31x2.06% 240B
29.02x3.75x17.32x1.7% 173B
35.02x5.41x23.06x1.06% 158B
46.27x6.16x26.67x0.95% 152B
54.72x8.76x35.64x0.08% 122B
101.86x14.24x73.78x0.29% 117B
28.48x4.68x16.33x1.59% 77.79B
32.29x6.74x21.01x0.58% 53.63B
Average 41.12x 6.11x 26.66x 1.26% 133.66B
Weighted average by Cap. 37.73x 5.37x 24.26x 1.53%

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 IPE Group Limited