Company Valuation: Value Convergence Holdings Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 503 748.3 311.8 363.6 89.05 115.3
Change - 48.77% -58.33% 16.62% -75.51% 29.43%
Enterprise Value (EV) 1 215.3 278.3 12.69 219.5 4.844 -31.86
Change - 29.24% -95.44% 1,629.18% -97.79% -757.72%
P/E -12.5x 44.5x -1.75x -1.22x -0.69x -1.47x
PBR 0.6x 0.81x 0.42x 0.71x 0.23x 0.32x
PEG - -0x 0x -0x 0x 0x
Capitalization / Revenue 6.49x 8.33x 4.39x 4.89x 1.35x 2.06x
EV / Revenue 2.78x 3.1x 0.18x 2.95x 0.07x -0.57x
EV / EBITDA - - - - - -
EV / EBIT - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.236 0.0809 -0.857 -1.205 -0.5197 -0.2385
Distribution rate - - - - - -
Net sales 1 77.48 89.8 71.02 74.39 66.05 55.92
EBITDA - - - - - -
EBIT - - - - - -
Net income 1 -31.69 15.19 -178.1 -287.8 -128.4 -62.6
Net Debt 1 -287.7 -470 -299.1 -144.2 -84.2 -147.1
Reference price 2 2.9500 3.6000 1.5000 1.4700 0.3600 0.3500
Nbr of stocks (in thousands) 170,505 207,860 207,860 247,352 247,352 329,297
Announcement Date 4/23/21 4/28/22 4/27/23 4/29/24 4/29/25 4/29/26
1HKD in Million2HKD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 20.34M
15.15x6.94x - 2.19% 308B
13.4x10.31x - 2.04% 283B
12.01x - - 1.87% 225B
15.92x6.38x10.61x1.28% 171B
9.73x1.43x - 3.79% 58.4B
15.48x5.33x - 3.78% 30.19B
10.47x7.69x - 3.95% 29.46B
16.26x - - 0.39% 24.75B
6.19x - - 4.69% 24.46B
Average 12.73x 6.35x 10.61x 2.66% 115.53B
Weighted average by Cap. 13.67x 7.52x 10.61x 2.14%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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