Company Valuation: LHT Holdings Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 31.41 36.74 36.74 43.66 50.58 52.45
Change - 16.95% 0% 18.84% 15.85% 3.68%
Enterprise Value (EV) 1 3.265 6.705 1.269 12.05 20.01 18.25
Change - 105.39% -81.07% 849.21% 66.15% -8.82%
P/E 10.8x 8.36x 6.6x 10x 22.7x 45.3x
PBR 0.58x 0.65x 0.61x 0.72x 0.93x 0.99x
PEG - 0.2x 0.2x -0.5x -0.5x -0.9x
Capitalization / Revenue 0.93x 1.02x 1.03x 1.42x 1.79x 1.94x
EV / Revenue 0.1x 0.19x 0.04x 0.39x 0.71x 0.67x
EV / EBITDA 0.78x 1.04x 0.19x 2.73x 7.26x 8.26x
EV / EBIT 1.61x 1.53x 0.27x 4.64x 22.2x 25.9x
EV / FCF 0.61x 2.95x 0.26x 5.3x 12.7x 3.65x
FCF Yield 164% 33.9% 386% 18.9% 7.9% 27.4%
Dividend per Share 2 0.03 0.03 0.05 0.05 0.05 0.05
Rate of return 5.08% 4.35% 7.25% 6.1% 5.26% 5.08%
EPS 2 0.0546 0.0826 0.1045 0.0816 0.0418 0.0217
Distribution rate 55% 36.3% 47.8% 61.3% 120% 230%
Net sales 1 33.62 35.99 35.53 30.73 28.19 27.08
EBITDA 1 4.19 6.454 6.7 4.416 2.755 2.209
EBIT 1 2.022 4.39 4.719 2.597 0.901 0.706
Net income 1 2.905 4.396 5.565 4.345 2.227 1.158
Net Debt 1 -28.15 -30.03 -35.47 -31.62 -30.57 -34.2
Reference price 2 0.5900 0.6900 0.6900 0.8200 0.9500 0.9850
Nbr of stocks (in thousands) 53,245 53,245 53,245 53,245 53,245 53,245
Announcement Date 4/7/21 4/6/22 4/4/23 4/4/24 4/7/25 4/9/26
1SGD in Million2SGD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 33.9M
20.01x3.03x8.66x3.16% 18.51B
21.12x1.96x11.64x2.1% 422M
Average 20.57x 2.49x 10.15x 2.63% 6.32B
Weighted average by Cap. 20.04x 3.01x 8.72x 3.14%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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