Company Valuation: Alpha Professional Holdings Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 235.8 430.7 363.3 101.3 80.33 100.2
Change - 82.67% -15.66% -72.12% -20.69% 24.71%
Enterprise Value (EV) 1 167.7 412.3 397.5 88.19 139.3 120
Change - 145.92% -3.6% -77.81% 57.92% -13.87%
P/E -15.6x -13.6x 273x -2.64x -0.41x 1.07x
PBR 1.57x 3.7x 2.29x 0.86x -1.15x 3.71x
PEG - -0x -3x 0x -0x -0x
Capitalization / Revenue 0.88x 0.93x 1x 1.05x 1.98x 0.96x
EV / Revenue 0.63x 0.89x 1.09x 0.92x 3.44x 1.15x
EV / EBITDA -11.9x -15.9x 20.7x -2.74x -0.73x -6.58x
EV / EBIT -11.8x -15.8x 20.7x -2.74x -0.72x -6.04x
EV / FCF 3.29x -13.1x -5.2x 1.77x 1.87x -0.79x
FCF Yield 30.4% -7.66% -19.2% 56.5% 53.5% -126%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.048 -0.1007 0.003806 -0.1097 -0.5648 0.2277
Distribution rate - - - - - -
Net sales 1 268.1 461.8 363.1 96.31 40.52 104.7
EBITDA 1 -14.08 -25.96 19.24 -32.13 -191.9 -18.23
EBIT 1 -14.17 -26.02 19.22 -32.14 -194 -19.86
Net income 1 -14.99 -31.64 1.315 -38.32 -197.3 82.38
Net Debt 1 -68.11 -18.37 34.2 -13.1 58.93 19.77
Reference price 2 0.7500 1.3700 1.0400 0.2900 0.2300 0.2430
Nbr of stocks (in thousands) 314,360 314,360 349,280 349,280 349,280 412,280
Announcement Date 15/07/21 13/07/22 27/07/23 29/07/24 29/07/25 29/07/26
1HKD in Million2HKD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 15.76M
37.08x1.19x18.27x0.93% 847B
24.12x1.16x10.06x0.98% 50.64B
15.43x0.53x7.81x3.32% 38.73B
15.71x0.62x11.65x2.83% 38.61B
21.06x0.9x6x6.01% 36.86B
12.11x0.34x6.3x2.47% 35.9B
26.56x0.83x9.57x2.78% 33.07B
11.92x0.46x5.8x3.95% 31.66B
20.86x0.77x6.43x1.24% 26.71B
Average 20.54x 0.76x 9.10x 2.72% 113.95B
Weighted average by Cap. 32.36x 1.07x 15.68x 1.44%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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