Company Valuation: Telecom Service One Holdings Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 116.8 277.2 127.1 47.49 70.59 109.1
Change - 137.36% -54.17% -62.63% 48.65% 54.55%
Enterprise Value (EV) 1 28.3 261.2 110 41.45 66.49 104.4
Change - 823.13% -57.9% -62.31% 60.41% 57.04%
P/E 12.2x -275x -17.9x -5.17x -5.27x -19.5x
PBR 1.22x 3.17x 1.59x 0.67x 1.3x 2.36x
PEG - 2x -0x -0.2x -0.1x 0.3x
Capitalization / Revenue 3.05x 7.98x 2.47x 0.87x 1.6x 2.19x
EV / Revenue 0.74x 7.52x 2.14x 0.76x 1.5x 2.1x
EV / EBITDA 40.4x 402x -52x -11.3x -5.87x 62.8x
EV / EBIT 55.6x -138x -17.3x -5.5x -4.63x -106x
EV / FCF 28.3x -7.59x -231x -142x -208x 18.8x
FCF Yield 3.53% -13.2% -0.43% -0.7% -0.48% 5.33%
Dividend per Share 2 0.08 0.04 - - 0.04 -
Rate of return 8.79% 1.85% - - 7.27% -
EPS 2 0.0746 -0.007846 -0.0554 -0.0715 -0.1044 -0.0436
Distribution rate 107% -510% - - -38.3% -
Net sales 1 38.35 34.76 51.38 54.39 44.22 49.79
EBITDA 1 0.701 0.65 -2.115 -3.659 -11.32 1.662
EBIT 1 0.509 -1.891 -6.369 -7.541 -14.35 -0.985
Net income 1 9.573 -1.007 -7.115 -9.174 -13.4 -5.601
Net Debt 1 -88.5 -16.02 -17.09 -6.039 -4.102 -4.68
Reference price 2 0.910 2.160 0.990 0.370 0.550 0.850
Nbr of stocks (in thousands) 128,342 128,342 128,342 128,342 128,342 128,342
Announcement Date 7/5/21 7/22/22 7/24/23 7/11/24 7/11/25 7/16/26
1HKD in Million2HKD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 17.42M
19.68x3.63x11.88x1.7% 11.22B
8.23x1.71x6.3x3.88% 5.89B
20.71x2.96x10.99x - 5.8B
31.39x2.73x10.2x-.--% 4.05B
15.14x1.5x8.92x-.--% 3.37B
85.45x1.06x7.92x0.55% 2.28B
96.01x1.2x10.19x - 2.02B
12.66x1.95x9.02x - 1.96B
16.63x6.54x19.57x2.61% 661M
Average 33.99x 2.58x 10.56x 1.46% 3.73B
Weighted average by Cap. 26.63x 2.60x 10.06x 1.64%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Telecom Service One Holdings Limited

Historical PBR trend

Valuation ratios - PBR - Telecom Service One Holdings Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Telecom Service One Holdings Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Telecom Service One Holdings Limited

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