Company Valuation: Playmates Toys Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 395.3 590 719.8 838.3 731.6 472
Change - 49.25% 22% 16.46% -12.73% -35.48%
Enterprise Value (EV) 1 -550 -352.9 -238.3 -212.9 -387.8 -576.1
Change - 35.83% 32.49% 10.66% -82.2% -48.55%
P/E Ratio -13.1x 13.7x 74.4x 3.75x 5.56x -30.7x
PBR 0.42x 0.59x 0.73x 0.72x 0.61x 0.43x
PEG - -0x -1x 0x -0.1x 0x
Capitalization / Revenue 1.37x 0.94x 1.43x 0.76x 0.79x 0.92x
EV / Revenue -1.9x -0.56x -0.47x -0.19x -0.42x -1.12x
EV / EBITDA 11.2x -9.14x -39.5x -1.01x -4.09x 11.8x
EV / EBIT 10.9x -9.35x -44.9x -1.01x -4.11x 11.7x
EV / FCF 19.7x 71.9x -5.69x -3.45x -5.33x -316x
FCF Yield 5.07% 1.39% -17.6% -29% -18.7% -0.32%
Dividend per Share 2 - 0.02 0.02 0.05 0.05 0.01
Rate of return - 4% 3.28% 7.04% 8.06% 2.5%
EPS 2 -0.0255 0.0364 0.0082 0.1896 0.1115 -0.013
Distribution rate - 54.9% 244% 26.4% 44.8% -76.7%
Net sales 1 289.2 625.1 504.2 1,109 931.3 512.2
EBITDA 1 -49.29 38.62 6.038 210.4 94.74 -48.64
EBIT 1 -50.52 37.76 5.305 209.8 94.29 -49.29
Net income 1 -30.06 42.98 9.722 223.7 131.6 -15.35
Net Debt 1 -945.3 -942.9 -958.1 -1,051 -1,119 -1,048
Reference price 2 0.3350 0.5000 0.6100 0.7100 0.6200 0.4000
Nbr of stocks (in thousands) 11,80,000 11,80,000 11,80,000 11,80,700 11,80,000 11,80,000
Announcement Date 24/03/21 23/03/22 26/04/23 08/04/24 07/04/25 08/04/26
1HKD in Million2HKD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 7.16Cr
20.28x2.71x16.51x2.83% 5.16TCr
16.33x8.11x13.73x5.52% 672.84Cr
53.6x2.03x12.2x-.--% 344.33Cr
14.52x2.32x8.33x1.76% 172.18Cr
24.41x0.74x6.42x2.21% 158.41Cr
30.77x - - - 36Cr
Average 26.65x 3.18x 11.44x 2.46% 936.32Cr
Weighted average by Cap. 21.64x 3.18x 15.53x 2.92%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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