Company Valuation: Southeast Asia Properties & Finance Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 757.4 732.6 721.3 698.8 378.7 360.7
Change - -3.27% -1.54% -3.12% -45.81% -4.76%
Enterprise Value (EV) 1 871.8 992.1 909.6 988.2 644.1 624.6
Change - 13.8% -8.32% 8.64% -34.82% -3.03%
P/E 121x 27.6x 24.7x 12.4x -14.8x -8.38x
PBR 0.73x 0.69x 0.67x 0.62x 0.34x 0.31x
PEG - 0x 2.4x 0.1x 0x -0.1x
Capitalization / Revenue 2.91x 2.67x 3.02x 3.63x 1.63x 1.58x
EV / Revenue 3.35x 3.62x 3.81x 5.13x 2.77x 2.73x
EV / EBITDA 29.4x 31.7x 76.1x 46.9x 26.3x 12x
EV / EBIT 45.8x 46.8x 299x 78.1x 39.6x 20.5x
EV / FCF 8.26x -19.8x 18.2x -13.9x -232x 14.7x
FCF Yield 12.1% -5.05% 5.48% -7.18% -0.43% 6.81%
Dividend per Share 2 0.03 0.03 0.03 0.03 0.03 -
Rate of return 0.89% 0.92% 0.94% 0.97% 1.79% -
EPS 2 0.0278 0.1176 0.1296 0.2502 -0.1134 -0.191
Distribution rate 108% 25.5% 23.1% 12% -26.4% -
Net sales 1 260.3 274.4 238.5 192.7 232.3 228.5
EBITDA 1 29.66 31.26 11.96 21.07 24.48 52.26
EBIT 1 19.05 21.21 3.046 12.66 16.26 30.49
Net income 1 6.266 26.51 29.22 56.39 -25.57 -43.02
Net Debt 1 114.4 259.5 188.2 289.4 265.4 263.9
Reference price 2 3.360 3.250 3.200 3.100 1.680 1.600
Nbr of stocks (in thousands) 225,420 225,420 225,420 225,420 225,420 225,420
Announcement Date 23/07/21 28/07/22 27/07/23 30/07/24 25/07/25 30/05/26
1HKD in Million2HKD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 45.97M
19.18x1.52x9.59x5.38% 22.12B
25.46x2.26x10.88x1.43% 8.61B
9.89x - - 3.59% 1.4B
10.25x - - - 1.38B
14.82x1.11x7.62x2.65% 1.39B
25.75x - - - 1.29B
Average 17.56x 1.63x 9.36x 3.26% 5.18B
Weighted average by Cap. 20.04x 1.70x 9.85x 4.18%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  3. 252 Stock
  4. Valuation Southeast Asia Properties & Finance Limited