Company Valuation: Paladin Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2020 2021 2022 2023 2024 2025
Market Cap 1 224.9 185 168.2 81.28 53.25 19.74
Change - -17.75% -9.11% -51.67% -34.48% -62.93%
Enterprise Value (EV) 1 202.1 198.2 230.2 168.8 164.7 139
Change - -1.93% 16.14% -26.67% -2.44% -15.58%
P/E -1.78x -4.16x -2.05x -1.88x -0.41x -0.13x
PBR 0.26x 0.22x 0.22x 0.11x 0.09x 0.05x
PEG - 0.1x -0x 0x -0x -0.13x
Capitalization / Revenue 24.9x 10.1x 5.84x 4.42x 2.34x 0.45x
EV / Revenue 22.4x 10.8x 8x 9.18x 7.24x 3.17x
EV / EBITDA -3.22x -3.74x -5.03x -7.27x -7.95x -17.6x
EV / EBIT -2.89x -3.24x -4.3x -5.47x -6.02x -10.2x
EV / FCF -5.49x -5.87x -7.85x -13.1x -11.2x -50.1x
FCF Yield -18.2% -17% -12.7% -7.66% -8.92% -2%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.0896 -0.0317 -0.0584 -0.0308 -0.0929 -0.0938
Distribution rate - - - - - -
Net sales 1 9.028 18.27 28.78 18.39 22.73 43.8
EBITDA 1 -62.79 -53.05 -45.78 -23.23 -20.72 -7.894
EBIT 1 -69.97 -61.09 -53.54 -30.86 -27.35 -13.59
Net income 1 -128.6 -44.54 -81.85 -37.22 -130.1 -145.1
Net Debt 1 -22.88 13.15 62 87.5 111.4 119.3
Reference price 2 0.1600 0.1320 0.1200 0.0580 0.0380 0.0120
Nbr of stocks (in thousands) 1,405,863 1,401,648 1,401,298 1,401,298 1,401,298 1,644,959
Announcement Date 10/28/20 10/28/21 10/27/22 10/27/23 10/30/24 10/30/25
1HKD in Million2HKD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 2.52M
-47.33x49.71x1452.98x - 49.04B
16.04x0.93x10.26x1.83% 17.43B
28.31x0.97x20.57x0.37% 14.22B
-1.58x2.57x10.53x-.--% 6.54B
35.83x4.1x24.44x1.9% 3.04B
Average 6.25x 11.65x 303.76x 1.03% 15.04B
Weighted average by Cap. -17.06x 27.66x 796.11x 1.04%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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