Company Valuation: Superactive Group Company Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2018 2019 2020 2021 2022 2023
Market Cap 1 630.1 424.8 315 392.3 69.11 38.62
Change - -32.58% -25.84% 24.52% -82.38% -44.12%
Enterprise Value (EV) 1 1,041 924.3 836.5 902.1 550 520.5
Change - -11.21% -9.49% 7.84% -39.03% -5.37%
P/E -3.61x -4.51x -2.91x -2.72x -0.74x -0.16x
PBR 0.88x 0.68x 0.58x 0.94x 0.24x 1.09x
PEG - 0.1x -0.2x -0.1x 0x -0x
Capitalization / Revenue 2.65x 2.3x 3.12x 2.97x 0.78x 0.57x
EV / Revenue 4.38x 5x 8.27x 6.82x 6.2x 7.7x
EV / EBITDA -32.3x -431x 94x -13x 212x -47.7x
EV / EBIT -20.1x -38.8x -67.7x -9.81x -26.9x -15.1x
EV / FCF -2.87x -18.2x -117x 14.9x 5.2x 11.8x
FCF Yield -34.9% -5.5% -0.86% 6.72% 19.2% 8.45%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.0858 -0.0464 -0.0533 -0.0709 -0.046 -0.1176
Distribution rate - - - - - -
Net sales 1 237.5 184.8 101.1 132.2 88.73 67.63
EBITDA 1 -32.25 -2.145 8.903 -69.61 2.595 -10.92
EBIT 1 -51.75 -23.82 -12.36 -91.94 -20.42 -34.44
Net income 1 -174.3 -94.28 -108.3 -144.1 -93.43 -239
Net Debt 1 410.8 499.5 521.5 509.8 480.9 481.9
Reference price 2 0.3100 0.2090 0.1550 0.1930 0.0340 0.0190
Nbr of stocks (in thousands) 2,032,571 2,032,571 2,032,571 2,032,571 2,032,571 2,032,571
Announcement Date 4/25/19 5/12/20 4/29/21 4/28/22 4/27/23 5/7/24
1HKD in Million2HKD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 3.37M
32.35x11.08x20.36x0.87% 105B
28.02x1.31x15.02x-.--% 41.53B
44.33x6.65x31.22x1.78% 40.69B
24.11x1.95x9.39x1.38% 33.95B
31.11x4.75x18.93x-.--% 30.12B
33.84x2.18x15.59x1.54% 28.89B
9.67x5.56x11.42x2% 23.68B
30.85x4.73x18.9x0.75% 17.74B
28.37x1.54x13.43x0.44% 13.59B
Average 29.18x 4.42x 17.14x 0.97% 33.53B
Weighted average by Cap. 30.61x 5.96x 18.38x 0.96%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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