Company Valuation: Playmates Holdings Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 1,904 1,609 1,161 1,159 1,179 1,024
Change - -15.49% -27.85% -0.16% 1.69% -13.16%
Enterprise Value (EV) 1 1,086 782.6 294.6 206.8 148.4 23.71
Change - -27.91% -62.35% -29.83% -28.22% -84.03%
P/E -3.78x -32.6x -5.47x 112x -3.08x -2.83x
PBR 0.32x 0.27x 0.21x 0.21x 0.24x 0.22x
PEG - 0.4x -0x -1x 0x 0.54x
Capitalization / Revenue 3.55x 1.87x 1.61x 0.91x 1.08x 1.54x
EV / Revenue 2.02x 0.91x 0.41x 0.16x 0.14x 0.04x
EV / EBITDA 7.02x 3.41x 1.61x 0.62x 0.68x 0.37x
EV / EBIT 7.68x 3.59x 1.7x 0.64x 0.71x 0.42x
EV / FCF 16.2x 8.2x 2.08x 1.66x 1.02x 0.36x
FCF Yield 6.18% 12.2% 48.1% 60.2% 98.4% 276%
Dividend per Share 2 0.045 0.03 0.03 0.03 0.03 0.03
Rate of return 4.95% 3.9% 5.36% 5.36% 5.26% 6.06%
EPS 2 -0.2409 -0.0236 -0.1024 0.004993 -0.1848 -0.1751
Distribution rate -18.7% -127% -29.3% 601% -16.2% -17.1%
Net sales 1 536.3 860.8 719.6 1,272 1,092 665.2
EBITDA 1 154.7 229.2 183.1 334.1 217 64.93
EBIT 1 141.3 218 173.4 324.7 208.3 56.52
Net income 1 -507.6 -49.43 -212.8 10.34 -382.3 -362.2
Net Debt 1 -818.6 -826.7 -866.4 -952.4 -1,030 -1,000
Reference price 2 0.9100 0.7700 0.5600 0.5600 0.5700 0.4950
Nbr of stocks (in thousands) 2,092,500 2,090,000 2,073,340 2,070,000 2,068,000 2,068,000
Announcement Date 3/24/21 3/23/22 4/26/23 4/8/24 4/7/25 4/8/26
1HKD in Million2HKD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 132M
20.94x3.11x15.45x2.82% 58.12B
23.36x2.23x12.3x1.86% 23.44B
15.41x2.97x10.1x3.11% 12.69B
28.01x7.82x17.12x3.12% 7.36B
17.33x8.68x14.34x5.2% 7.18B
19.68x1.99x11.07x1.54% 3.83B
9.66x1.05x6.92x-.--% 4.3B
18.78x1.04x8.6x1.8% 2.29B
16.4x2.89x10.01x1.28% 2.05B
Average 18.84x 3.53x 11.77x 2.3% 12.14B
Weighted average by Cap. 20.49x 3.39x 13.66x 2.64%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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