Company Valuation: MS Concept Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 51 56 53 44 41 75
Change - 9.8% -5.36% -16.98% -6.82% 82.93%
Enterprise Value (EV) 1 68.35 87.71 69.36 93.92 76.15 97.29
Change - 28.32% -20.92% 35.41% -18.92% 27.76%
P/E 13.4x -11.4x 13.4x -2.36x -2.38x 18.4x
PBR 1.07x 1.31x 1.13x 1.57x 3.76x 5.01x
PEG - 0x -0x 0x 0.31x -0x
Capitalization / Revenue 0.3x 0.28x 0.21x 0.19x 0.16x 0.32x
EV / Revenue 0.4x 0.43x 0.28x 0.42x 0.3x 0.41x
EV / EBITDA -4.48x -12.8x 11.3x -65.7x -19.7x 9.22x
EV / EBIT -3.8x -8.66x 36.3x -17.5x -9.68x 13.2x
EV / FCF 4.07x 3.71x 1.47x 4.11x 2.86x 4.02x
FCF Yield 24.6% 26.9% 68% 24.3% 34.9% 24.9%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.003812 -0.004895 0.003967 -0.0186 -0.0172 0.004083
Distribution rate - - - - - -
Net sales 1 172.6 202.8 250.4 225.7 253.5 235.9
EBITDA 1 -15.25 -6.839 6.131 -1.43 -3.857 10.55
EBIT 1 -17.99 -10.12 1.911 -5.379 -7.865 7.374
Net income 1 3.812 -4.895 3.967 -18.61 -17.2 4.083
Net Debt 1 17.35 31.71 16.36 49.92 35.15 22.29
Reference price 2 0.0510 0.0560 0.0530 0.0440 0.0410 0.0750
Nbr of stocks (in thousands) 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000
Announcement Date 18/06/21 24/06/22 13/06/23 21/06/24 24/06/25 30/06/26
1HKD in Million2HKD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 8.54M
32.39x1x12.88x0.82% 15.43B
27.42x1.8x15.68x1.66% 11.89B
16.18x1.46x9.57x-.--% 8.94B
23.67x1.39x14.94x1.16% 5.23B
17.37x0.78x6.29x1.42% 2.47B
57.33x - - 0.65% 2.11B
14.46x0.87x4.49x2.69% 1.88B
27.83x - - -.--% 1.32B
Average 27.08x 1.22x 10.64x 1.05% 5.48B
Weighted average by Cap. 26.83x 1.32x 12.50x 0.98%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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