Company Valuation: New Concepts Holdings Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 161.6 591.5 1,085 481.8 61.03 224.7
Change - 266.01% 83.46% -55.6% -87.33% 268.19%
Enterprise Value (EV) 1 523.5 792 1,360 813.9 442 541.6
Change - 51.3% 71.68% -40.14% -45.7% 22.54%
P/E -2.75x 117x -44.9x 167x -0.76x -3.11x
PBR 1.61x 3.1x 3.02x 1.21x 0.19x 0.64x
PEG - -1x 0x -2x 0x 0.1x
Capitalization / Revenue 0.27x 0.9x 1.99x 0.77x 0.07x 0.3x
EV / Revenue 0.89x 1.21x 2.49x 1.3x 0.48x 0.73x
EV / EBITDA -9.46x 71.2x -78.5x -60.6x -7.28x -29.3x
EV / EBIT -5.86x -51.9x -32.3x -21.5x -5.07x -13.9x
EV / FCF -2.12x 10.1x -5.67x -16.9x 8.17x -80.5x
FCF Yield -47.1% 9.89% -17.6% -5.9% 12.2% -1.24%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.8474 0.053 -0.1603 0.018 -0.5025 -0.3148
Distribution rate - - - - - -
Net sales 1 591.5 654.9 545.2 628.2 929.2 737.1
EBITDA 1 -55.34 11.13 -17.32 -13.43 -60.7 -18.5
EBIT 1 -89.33 -15.26 -42.05 -37.87 -87.19 -38.92
Net income 1 -55 5.504 -20.8 2.863 -80.71 -58.36
Net Debt 1 361.9 200.5 274.6 332.1 380.9 316.9
Reference price 2 2.3300 6.2000 7.2000 3.0000 0.3800 0.9800
Nbr of stocks (in thousands) 69,359 95,402 150,719 160,613 160,613 229,303
Announcement Date 7/14/21 7/15/22 7/24/23 7/16/24 7/30/25 7/30/26
1HKD in Million2HKD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 19.28M
25.8x4x12.88x1.79% 83.09B
29.63x4.6x14.32x1.19% 65.76B
33.36x4.77x14.35x0.9% 38.97B
23.5x4.17x16.33x0.54% 23.51B
32.38x2.89x13.5x-.--% 16.79B
-64.36x4.02x13.08x0.12% 15.35B
20.92x2.74x13.74x1.43% 10.44B
20.57x - - 0.69% 8.55B
13.61x0.74x4.71x4.99% 5.68B
Average 15.04x 3.49x 12.86x 1.3% 26.82B
Weighted average by Cap. 22.27x 4.09x 13.69x 1.22%

Y-o-Y evolution of P/E

Valuation ratios - P/E - New Concepts Holdings Limited

Historical PBR trend

Valuation ratios - PBR - New Concepts Holdings Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - New Concepts Holdings Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - New Concepts Holdings Limited

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