Company Valuation: Modern Living Investments Holdings Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 130.4 110.4 133.6 138.4 256 304
Change - -15.34% 21.01% 3.59% 84.97% 18.75%
Enterprise Value (EV) 1 107.2 65.93 67.04 68.71 162.8 247.6
Change - -38.48% 1.69% 2.49% 136.93% 52.11%
P/E 6.71x 4.34x 6.31x 7.79x 15.1x 13.9x
PBR 0.98x 0.76x 0.89x 0.89x 1.66x 1.9x
PEG - 0.1x -0.4x -0.5x -3.32x 0.5x
Capitalization / Revenue 0.28x 0.23x 0.33x 0.42x 0.67x 0.69x
EV / Revenue 0.23x 0.14x 0.17x 0.21x 0.43x 0.56x
EV / EBITDA 7.52x 2.18x 4.36x 5.59x 10.2x 11.1x
EV / EBIT 8.14x 2.26x 4.58x 5.89x 10.6x 11.4x
EV / FCF -8.75x 2.31x 2.64x 13.4x 4.64x -7.24x
FCF Yield -11.4% 43.3% 37.9% 7.47% 21.5% -13.8%
Dividend per Share 2 0.015 0.015 0.015 0.0138 0.028 0.0162
Rate of return 9.2% 10.9% 8.98% 7.95% 8.75% 4.27%
EPS 2 0.0243 0.0318 0.0265 0.0222 0.0212 0.0273
Distribution rate 61.7% 47.1% 56.7% 61.9% 132% 59.4%
Net sales 1 459.7 479.7 406 333 380.6 439.6
EBITDA 1 14.25 30.18 15.36 12.3 15.96 22.25
EBIT 1 13.17 29.2 14.63 11.66 15.36 21.73
Net income 1 19.44 25.46 21.18 17.77 16.96 21.84
Net Debt 1 -23.24 -44.47 -66.56 -69.69 -93.21 -56.38
Reference price 2 0.1630 0.1380 0.1670 0.1730 0.3200 0.3800
Nbr of stocks (in thousands) 800,000 800,000 800,000 800,000 800,000 800,000
Announcement Date 3/31/21 3/30/22 3/30/23 4/15/24 4/10/25 4/15/26
1HKD in Million2HKD
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 25.5M
21.98x0.95x11.53x-.--% 40.84B
20.46x0.84x7.88x2.37% 18.2B
14.48x0.57x9.97x-.--% 15.1B
17.21x3.46x11.1x5.79% 11.21B
19.4x8.27x15.7x4.8% 9.64B
37.71x2.21x8.67x-.--% 7.03B
37.36x1.35x13.19x0.89% 6.33B
49.57x1.1x8.34x0.32% 4.99B
36.05x14.96x - 1.76% 4.55B
Average 28.25x 3.75x 10.80x 1.77% 11.79B
Weighted average by Cap. 23.60x 2.37x 10.82x 1.44%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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