Company Valuation: Asia Cassava Resources Holdings Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 190 127.5 163.7 59.06 61.4 100.6
Change - -32.92% 28.44% -63.93% 3.96% 63.81%
Enterprise Value (EV) 1 1,855 1,992 1,129 860 1,173 894.3
Change - 7.42% -43.32% -23.85% 36.33% -23.73%
P/E -26.7x 2.83x -1.73x -0.53x -0.47x -39.7x
PBR 0.23x 0.15x 0.22x 0.1x 0.12x 0.19x
PEG - -0x 0x -0x -0x 0.4x
Capitalization / Revenue 0.07x 0.04x 0.04x 0.05x 0.06x 0.08x
EV / Revenue 0.68x 0.56x 0.28x 0.72x 1.2x 0.7x
EV / EBITDA 34.4x 22.5x 36.1x -38.1x -41x 55.9x
EV / EBIT 37.8x 27x 75.3x -23.5x -24.7x -160x
EV / FCF -3.83x -9.38x 1.32x 3.44x -3.77x 3.32x
FCF Yield -26.1% -10.7% 75.5% 29.1% -26.5% 30.1%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.0122 0.0769 -0.162 -0.1904 -0.2236 -0.00433
Distribution rate - - - - - -
Net sales 1 2,716 3,585 3,969 1,193 977.9 1,275
EBITDA 1 53.91 88.67 31.26 -22.56 -28.63 16
EBIT 1 49.06 73.91 15 -36.53 -47.47 -5.575
Net income 1 -7.129 44.97 -94.71 -111.4 -130.7 -2.532
Net Debt 1 1,665 1,865 965.6 801 1,111 793.7
Reference price 2 0.3250 0.2180 0.2800 0.1010 0.1050 0.1720
Nbr of stocks (in thousands) 584,727 584,727 584,727 584,727 584,727 584,727
Announcement Date 30/07/21 31/07/22 31/07/23 31/07/24 31/07/25 31/07/26
1HKD in Million2HKD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 13.8M
21.2x0.75x12.87x0.91% 11.37B
16.07x0.65x9.36x2.88% 9.04B
44.74x1.1x16.11x-.--% 4.51B
12.59x0.29x6.52x5.85% 2.35B
19.13x0.35x6.81x3.95% 553M
15.96x0.31x6.49x6.42% 466M
-19.51x - - - 454M
Average 15.74x 0.57x 9.69x 3.34% 3.59B
Weighted average by Cap. 21.81x 0.72x 11.51x 1.95%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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