Company Valuation: Capital Estate Limited

Data adjusted to current consolidation scope
Fiscal Period: July 2020 2021 2022 2023 2024 2025
Market Cap 1 75.79 73.85 58.3 46.06 60.24 50.14
Change - -2.56% -21.05% -21% 30.8% -16.78%
Enterprise Value (EV) 1 -468.2 -410.2 -330.2 -223.6 -214.6 -245
Change - 12.41% 19.5% 32.27% 4.01% -14.15%
P/E -2.57x -2.17x -0.59x -1.54x 10.8x -3.26x
PBR 0.08x 0.08x 0.07x 0.06x 0.07x 0.06x
PEG - -0.1x -0x 0x -0x 0x
Capitalization / Revenue 0.76x 0.64x 0.67x 1.25x 1.07x 0.94x
EV / Revenue -4.67x -3.53x -3.78x -6.06x -3.81x -4.59x
EV / EBITDA 14.6x 70.6x 28.2x 6.84x 12.6x 13x
EV / EBIT 10.8x 23.2x 13.6x 5.22x 8.01x 7.85x
EV / FCF 7.4x 5.48x 34.7x 2.11x -10.8x -17.8x
FCF Yield 13.5% 18.3% 2.88% 47.3% -9.28% -5.62%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.1518 -0.1753 -0.5055 -0.1542 0.0287 -0.0659
Distribution rate - - - - - -
Net sales 1 100.3 116.1 87.27 36.88 56.4 53.4
EBITDA 1 -32.17 -5.808 -11.69 -32.7 -16.99 -18.89
EBIT 1 -43.41 -17.64 -24.26 -42.8 -26.81 -31.22
Net income 1 -29.5 -34.07 -98.26 -29.97 5.569 -13.9
Net Debt 1 -544 -484 -388.5 -269.7 -274.9 -295.1
Reference price 2 0.3900 0.3800 0.3000 0.2370 0.3100 0.2150
Nbr of stocks (in thousands) 194,338 194,338 194,338 194,338 194,338 233,203
Announcement Date 03/11/20 03/11/21 29/11/22 29/11/23 28/11/24 27/11/25
1HKD in Million2HKD
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 5.73M
14.92x6.55x - 2.27% 298B
13.08x10.16x - 2.15% 269B
11.38x - - 1.98% 214B
15.37x6.01x10x1.33% 165B
14.77x10.03x16.23x2.28% 73.74B
9.57x1.36x - 3.85% 57.53B
18.37x10.3x11.58x0.68% 41.98B
8.97x4.05x - 3.69% 41.6B
32.32x4.25x5.43x0.39% 39.75B
Average 15.42x 6.59x 10.81x 2.07% 120B
Weighted average by Cap. 14.16x 7.36x 11.07x 2.07%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Capital Estate Limited

Historical PBR trend

Valuation ratios - PBR - Capital Estate Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Capital Estate Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Capital Estate Limited

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