Company Valuation: BExcellent Group Holdings Limited

Data adjusted to current consolidation scope
Fiscal Period: July 2020 2021 2022 2023 2024 2025
Market Cap 1 195 235 232.5 182.7 120.8 87.31
Change - 20.51% -1.06% -21.4% -33.89% -27.73%
Enterprise Value (EV) 1 119.6 166.2 196.7 166.4 116.6 68.28
Change - 38.97% 18.34% -15.38% -29.95% -41.43%
P/E -10.1x -8.72x -9.12x -6.51x -4.91x -3.58x
PBR 1.24x 1.85x 2.28x 2.37x 2.3x 3.14x
PEG - -0.2x 1.69x -0.77x 0.4x 3.59x
Capitalization / Revenue 0.67x 1.3x 1.61x 1.31x 0.73x 0.43x
EV / Revenue 0.41x 0.92x 1.36x 1.19x 0.71x 0.34x
EV / EBITDA -8.12x -5.31x -7.45x -5.86x -6.67x -4.11x
EV / EBIT -5.09x -4.03x -5.75x -5.19x -5.84x -3.58x
EV / FCF 5.05x -22x -14.6x -71.1x 14.7x 2.46x
FCF Yield 19.8% -4.55% -6.87% -1.41% 6.8% 40.6%
Dividend per Share 2 0.01 - - - - -
Rate of return 2.56% - - - - -
EPS 2 -0.0385 -0.0539 -0.051 -0.0553 -0.0485 -0.048
Distribution rate -26% - - - - -
Net sales 1 290 181 144.8 139.9 165.2 203.5
EBITDA 1 -14.72 -31.29 -26.39 -28.4 -17.47 -16.59
EBIT 1 -23.51 -41.2 -34.19 -32.05 -19.96 -19.1
Net income 1 -19.23 -26.96 -25.51 -27.84 -24.62 -24.38
Net Debt 1 -75.41 -68.8 -35.82 -16.33 -4.238 -19.04
Reference price 2 0.3900 0.4700 0.4650 0.3600 0.2380 0.1720
Nbr of stocks (in thousands) 500,000 500,000 500,000 507,632 507,632 507,632
Announcement Date 29/10/20 05/11/21 03/11/22 16/11/23 18/11/24 17/11/25
1HKD in Million2HKD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 23.79M
14.48x0.88x5.55x3.24% 9.05B
6.8x0.62x3.02x-.--% 5.64B
15.44x2.24x8.27x - 4.49B
119.55x6.03x41.48x-.--% 3.67B
9.85x - - - 3.29B
11.53x - - - 2.12B
Average 29.61x 2.44x 14.58x 1.08% 4.04B
Weighted average by Cap. 25.97x 1.91x 11.22x 1.6%

Y-o-Y evolution of P/E

Valuation ratios - P/E - BExcellent Group Holdings Limited

Historical PBR trend

Valuation ratios - PBR - BExcellent Group Holdings Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - BExcellent Group Holdings Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - BExcellent Group Holdings Limited

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