Company Valuation: Halo Microelectronics Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2022 2023 2024 2025
Market Cap 1 9,213 7,197 4,537 6,029
Change - -21.88% -36.96% 32.88%
Enterprise Value (EV) 1 7,662 5,937 3,636 5,372
Change - -22.52% -38.75% 47.71%
P/E -568x -135x -15x -52.5x
PBR 5.14x 3.93x 3.06x 4.35x
PEG 4x -1x -0x 0.8x
Capitalization / Revenue 16.5x 18.3x 8.32x 6.42x
EV / Revenue 13.7x 15.1x 6.67x 5.72x
EV / EBITDA -359x -26.4x -11.9x -43.4x
EV / EBIT -181x -22.9x -11.1x -35.3x
EV / FCF -125x -19.1x -17.7x -25.9x
FCF Yield -0.8% -5.24% -5.65% -3.86%
Dividend per Share 2 - - - -
Rate of return - - - -
EPS 2 -0.04 -0.13 -0.74 -0.28
Distribution rate - - - -
Net sales 1 559.5 393.6 545.5 939.4
EBITDA 1 -21.32 -224.9 -306 -123.7
EBIT 1 -42.28 -259.6 -327.4 -152.4
Net income 1 -15.15 -54.18 -290.6 -113.9
Net Debt 1 -1,551 -1,260 -900.8 -657.4
Reference price 2 22.73 17.59 11.08 14.70
Nbr of stocks (in thousands) 405,307 409,151 409,498 410,130
Announcement Date 19/04/23 26/04/24 22/04/25 16/04/26
1CNY in Million2CNY
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 772M
67.66x10.84x54.55x1.21% 234B
49.33x8.62x15.31x-.--% 95.59B
46.43x9.91x34.5x1.19% 61.13B
50.22x - - 0.19% 53.26B
49.13x8.62x31.05x0.97% 51.7B
46.44x8.07x32.27x0.87% 38.91B
34.64x8.32x27.54x0.53% 36.58B
26.79x7.01x21.22x1.59% 33.33B
42.11x4.64x22.61x1.11% 31.8B
Average 45.86x 8.25x 29.88x 0.85% 63.74B
Weighted average by Cap. 53.29x 9.28x 37.11x 0.88%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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