Company Valuation: Expert Systems Holdings Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 96.8 92.38 82.74 88.36 85.15 95.59
Change - -4.57% -10.43% 6.8% -3.64% 12.26%
Enterprise Value (EV) 1 -49.46 -42.05 -39.86 -57.98 -78.77 -47.87
Change - 14.98% 5.21% -45.47% -35.87% 39.23%
P/E 4.46x 6.6x 5.14x 6.51x 6.59x 24.8x
PBR 0.79x 0.61x 0.5x 0.52x 0.48x 0.54x
PEG - -0.2x 0.3x -0.4x -1.33x -0.4x
Capitalization / Revenue 0.18x 0.14x 0.09x 0.09x 0.09x 0.1x
EV / Revenue -0.09x -0.06x -0.04x -0.06x -0.09x -0.05x
EV / EBITDA -2.46x -1.48x -1.3x -2.04x -3.34x -3.77x
EV / EBIT -2.55x -1.66x -1.55x -2.51x -4.22x -6.41x
EV / FCF -1.01x -0.51x 19.6x -2.22x -2.41x 4.03x
FCF Yield -99.2% -196% 5.09% -45% -41.4% 24.8%
Dividend per Share 2 0.009 0.0077 0.01 0.0082 0.0075 0.0047
Rate of return 7.44% 6.7% 9.71% 7.45% 7.08% 3.95%
EPS 2 0.0272 0.0174 0.02 0.0169 0.0161 0.004794
Distribution rate 33.1% 44.2% 49.9% 48.5% 46.7% 98%
Net sales 1 533.9 682.2 886.5 991 900.7 999.8
EBITDA 1 20.12 28.32 30.74 28.45 23.55 12.69
EBIT 1 19.37 25.33 25.74 23.1 18.68 7.471
Net income 1 21.72 15.22 19.65 15.37 13.96 3.851
Net Debt 1 -146.3 -134.4 -122.6 -146.3 -163.9 -143.5
Reference price 2 0.1210 0.1150 0.1030 0.1100 0.1060 0.1190
Nbr of stocks (in thousands) 800,000 803,280 803,280 803,280 803,280 803,280
Announcement Date 28/06/21 29/06/22 27/06/23 31/07/24 25/07/25 28/07/26
1HKD in Million2HKD
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
Average
Weighted average by Cap.

Y-o-Y evolution of P/E

Valuation ratios - P/E - Expert Systems Holdings Limited

Historical PBR trend

Valuation ratios - PBR - Expert Systems Holdings Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Expert Systems Holdings Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Expert Systems Holdings Limited

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