Company Valuation: Net-A-Go Technology Company Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 789.6 1,113 938.1 922.2 954 828.2
Change - 40.96% -15.71% -1.69% 3.45% -13.19%
Enterprise Value (EV) 1 562.8 783.7 684.6 651.8 793 638
Change - 39.26% -12.65% -4.79% 21.66% -19.55%
P/E 8.49x 28.6x -5.78x -23.2x -33.3x -9.03x
PBR 2.09x 2.01x 2.46x 2.67x 3x 5.34x
PEG - -0.5x 0x 0.3x 1.2x -0x
Capitalization / Revenue 3.09x 3.35x 3.58x 4.49x 3.24x 2.87x
EV / Revenue 2.2x 2.36x 2.61x 3.17x 2.69x 2.21x
EV / EBITDA 6.77x 17.8x 223x -26x -54.3x -2.22x
EV / EBIT 13.5x 69.9x -40x -15.6x -7.23x -1.63x
EV / FCF -14.9x -13.4x -30.6x 26.9x 9.85x -12.6x
FCF Yield -6.71% -7.45% -3.27% 3.71% 10.1% -7.95%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.132 0.0489 -0.2041 -0.05 -0.036 -0.124
Distribution rate - - - - - -
Net sales 1 255.4 332 262.3 205.3 294.7 288.9
EBITDA 1 83.1 43.98 3.064 -25.05 -14.61 -286.8
EBIT 1 41.82 11.21 -17.13 -41.8 -109.7 -390.2
Net income 1 95.6 37.62 -157.4 -34.84 -22.96 -90.28
Net Debt 1 -226.8 -329.3 -253.5 -270.4 -161 -190.2
Reference price 2 1.120 1.400 1.180 1.160 1.200 1.120
Nbr of stocks (in thousands) 705,000 795,000 795,000 795,000 795,000 739,450
Announcement Date 4/26/21 4/25/22 4/27/23 4/26/24 7/24/25 4/29/26
1HKD in Million2HKD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 106M
29.26x4.45x14.42x1.57% 95.88B
29.89x4.66x14.49x1.16% 66.74B
22.91x3.96x15.66x0.56% 22.6B
34.54x2.86x14.01x-.--% 16.05B
20.29x - - 0.73% 8.23B
14.75x0.82x5.14x4.73% 6.4B
22.27x2.33x11.01x1.53% 5.94B
25.33x - - - 3.36B
13.55x - - - 3.01B
Average 23.64x 3.18x 12.45x 1.47% 22.83B
Weighted average by Cap. 28.01x 4.18x 14.17x 1.29%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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