Company Valuation: Blue River Holdings Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2020 2021 2022 2023 2024 2025
Market Cap 1 386.4 430.5 122.5 582.9 234.2 87.44
Change - 11.43% -71.54% 375.73% -59.82% -62.67%
Enterprise Value (EV) 1 60.77 -832.8 923.5 363.3 239.5 160.6
Change - -1,470.3% 210.89% -60.66% -34.08% -32.92%
P/E Ratio -0.68x 2.85x -0.08x -1.01x -0.88x -0.49x
PBR 0.11x 0.11x 0.06x 0.43x 0.25x 0.11x
PEG - -0x 0x 0x 0x 0x
Capitalization / Revenue 1.06x 1.55x 0.01x 7.56x 3.78x 2.24x
EV / Revenue 0.17x -3x 0.09x 4.71x 3.86x 4.12x
EV / EBITDA -0.9x 1.26x -4.29x -6.99x -2.58x -3.68x
EV / EBIT -0.55x 1.21x -3x -3.24x -2.41x -3.41x
EV / FCF -0.1x -1.72x -0.88x 0.18x -4.54x -2.29x
FCF Yield -974% -58% -114% 552% -22% -43.7%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.5184 0.137 -1.475 -0.5544 -0.2548 -0.1704
Distribution rate - - - - - -
Net sales 1 363.9 277.3 10,795 77.09 61.97 39.01
EBITDA 1 -67.75 -659.2 -215.1 -51.99 -92.92 -43.7
EBIT 1 -109.7 -688.6 -308.2 -112.1 -99.26 -47.17
Net income 1 -572.3 151.3 -1,629 -605.4 -265.3 -177.4
Net Debt 1 -325.6 -1,263 800.9 -219.6 5.285 73.21
Reference price 2 0.3500 0.3900 0.1110 0.5600 0.2250 0.0840
Nbr of stocks (in thousands) 1,103,916 1,103,916 1,103,916 1,040,946 1,040,946 1,040,946
Announcement Date 28/07/20 27/07/21 18/08/22 27/07/23 26/07/24 28/07/25
1HKD in Million2HKD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 9.43M
27.55x10.29x17.56x0.53% 43.94B
8.84x3.26x9.64x3.77% 17.34B
14.09x3.3x8.33x4.65% 8.91B
7.68x - - 5.54% 8.41B
7.84x5.69x9.95x6.04% 7.52B
10.91x - - - 7.33B
39x10.56x19.35x1.2% 6.46B
29.22x2.48x18.67x2.09% 6.33B
17.55x6.71x11.09x4.21% 5.06B
Average 18.08x 6.04x 13.51x 3.5% 11.13B
Weighted average by Cap. 19.93x 7.31x 14.51x 2.54%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Blue River Holdings Limited
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