Company Valuation: Southeast Asia Properties & Finance Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2020 2021 2022 2023 2024 2025
Market Cap 1 789 757.4 732.6 721.3 698.8 378.7
Change - -4% -3.27% -1.54% -3.12% -45.81%
Enterprise Value (EV) 1 1,050 871.8 992.1 909.6 988.2 644.1
Change - -16.96% 13.8% -8.32% 8.64% -34.82%
P/E -4.25x 121x 27.6x 24.7x 12.4x -14.8x
PBR 0.77x 0.73x 0.69x 0.67x 0.62x 0.34x
PEG - -1x 0x 2.4x 0.1x 0x
Capitalization / Revenue 2.43x 2.91x 2.67x 3.02x 3.63x 1.63x
EV / Revenue 3.23x 3.35x 3.62x 3.81x 5.13x 2.77x
EV / EBITDA 28.3x 29.4x 31.7x 76.1x 46.9x 26.3x
EV / EBIT 43.3x 45.8x 46.8x 299x 78.1x 39.6x
EV / FCF 13x 8.26x -19.8x 18.2x -13.9x -232x
FCF Yield 7.72% 12.1% -5.05% 5.48% -7.18% -0.43%
Dividend per Share 2 0.03 0.03 0.03 0.03 0.03 0.03
Rate of return 0.86% 0.89% 0.92% 0.94% 0.97% 1.79%
EPS 2 -0.8237 0.0278 0.1176 0.1296 0.2502 -0.1134
Distribution rate -3.64% 108% 25.5% 23.1% 12% -26.4%
Net sales 1 324.9 260.3 274.4 238.5 192.7 232.3
EBITDA 1 37.06 29.66 31.26 11.96 21.07 24.48
EBIT 1 24.22 19.05 21.21 3.046 12.66 16.26
Net income 1 -185.7 6.266 26.51 29.22 56.39 -25.57
Net Debt 1 260.8 114.4 259.5 188.2 289.4 265.4
Reference price 2 3.500 3.360 3.250 3.200 3.100 1.680
Nbr of stocks (in thousands) 225,420 225,420 225,420 225,420 225,420 225,420
Announcement Date 7/24/20 7/23/21 7/28/22 7/27/23 7/30/24 7/25/25
1HKD in Million2HKD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 46.02M
16.8x1.4x8.86x6.15% 18.98B
22.25x2.02x9.69x1.62% 7.68B
10.93x - - - 1.47B
14.22x1.07x7.11x2.75% 1.3B
Average 16.05x 1.50x 8.55x 3.51% 5.9B
Weighted average by Cap. 17.81x 1.56x 9.00x 4.75%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

  1. Stock Market
  2. Stocks
  3. 252 Stock
  4. Valuation Southeast Asia Properties & Finance Limited
-40%: Exceptional extension
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