Company Valuation: Fire Rock Holdings Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 4,512 4,147 2,150 652.8 499.2 388.5
Change - -8.09% -48.15% -69.64% -23.53% -22.17%
Enterprise Value (EV) 1 3,904 4,419 2,617 568.5 447.6 278
Change - 13.21% -40.79% -78.27% -21.28% -37.89%
P/E 13.1x -3.42x 71.2x 1.17x -29.3x -4.89x
PBR 6.57x -8.99x -5x 4.98x 4.45x 3.03x
PEG - 0x -1x 0x 0x -0x
Capitalization / Revenue 8.66x 4.01x 18.7x 4.84x 3.55x 2.66x
EV / Revenue 7.49x 4.27x 22.7x 4.21x 3.18x 1.9x
EV / EBITDA 9.21x 6.76x 208x 314x 20.7x 42.1x
EV / EBIT 9.4x 6.91x 222x 920x 22.7x 58.6x
EV / FCF 12.5x 6.11x -12x -16.8x 58.3x 19.1x
FCF Yield 7.99% 16.4% -8.35% -5.94% 1.72% 5.23%
Dividend per Share 3 0.219 - - - - -
Rate of return 0.93% - - - - -
EPS 3 1.788 -6.318 0.1573 2.916 -0.0889 -0.3273
Distribution rate 12.3% - - - - -
Net sales 1 520.9 1,035 115.1 134.9 140.6 146.2
EBITDA 1 424.1 653.5 12.59 1.81 21.63 6.595
EBIT 1 415.1 639.9 11.77 0.618 19.7 4.744
Net income 1 343.2 -1,213 30.2 559.9 -17.06 -64.41
Net Debt 1 -608.3 272.2 466.4 -84.28 -51.65 -110.6
Reference price 3 23.500 21.600 11.200 3.400 2.600 1.600
Nbr of stocks (in thousands) 192,000 192,000 192,000 192,000 192,000 242,821
Announcement Date 11/04/21 09/08/23 09/08/23 25/04/24 24/04/25 27/04/26
1HKD in Million2CNY in Million3HKD
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 60.49M
16.54x8.03x17.23x0.26% 4,145B
23.17x7.19x12.77x0.3% 1,807B
31.57x14.77x23.34x0.57% 541B
14.45x3.84x8.88x1.41% 479B
19.68x5.83x17.51x-.--% 294B
20.68x1.52x10.26x1% 271B
105.47x13.91x74.71x-.--% 218B
22.16x2.52x12.83x-.--% 144B
8.28x0.94x4.05x-.--% 115B
Average 29.11x 6.51x 20.17x 0.39% 801.4B
Weighted average by Cap. 21.58x 7.71x 17.21x 0.36%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Fire Rock Holdings Limited

Historical PBR trend

Valuation ratios - PBR - Fire Rock Holdings Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Fire Rock Holdings Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Fire Rock Holdings Limited

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