Company Valuation: Prosperous Future Holdings Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 153.9 134.2 134.2 63.37 108 70.51
Change - -12.8% 0% -52.77% 70.38% -34.69%
Enterprise Value (EV) 1 -63.38 -92.13 -143 -274 -271.5 -243.3
Change - -45.37% -55.17% -91.69% 0.93% 10.38%
P/E -4.54x -1.33x -1.51x -1.64x -2.02x -0.96x
PBR 0.23x 0.22x 0.21x 0.11x 0.16x 0.06x
PEG - -0x 0.1x 0x -0x -0x
Capitalization / Revenue 0.13x 0.13x 0.26x 0.12x 0.21x 0.14x
EV / Revenue -0.05x -0.09x -0.28x -0.53x -0.53x -0.49x
EV / EBITDA 2.61x 1.43x 9.2x 8.65x 6.17x 4.26x
EV / EBIT 1.62x 1.11x 4.7x 8.16x 5.96x 4.2x
EV / FCF 3.41x -2.24x 1.28x -2.57x -4.37x 7.15x
FCF Yield 29.3% -44.6% 78.1% -39% -22.9% 14%
Dividend per Share 3 - - - - - -
Rate of return - - - - - -
EPS 3 -0.0187 -0.0442 -0.0391 -0.017 -0.0242 -0.0332
Distribution rate - - - - - -
Net sales 1 1,175 1,010 509.4 517.4 508.5 493.7
EBITDA 1 -24.26 -64.48 -15.54 -31.68 -44.01 -57.18
EBIT 1 -39.21 -83.2 -30.44 -33.59 -45.59 -57.9
Net income 1 -33.91 -90.64 -88.86 -38.75 -53.73 -73.21
Net Debt 1 -217.2 -226.3 -277.1 -337.4 -379.5 -313.8
Reference price 3 0.0850 0.0590 0.0590 0.0280 0.0490 0.0320
Nbr of stocks (in thousands) 18,10,123 22,74,123 22,74,123 22,63,123 22,03,361 22,03,361
Announcement Date 26/04/21 24/04/22 26/04/23 23/04/24 23/04/25 23/04/26
1HKD in Million2CNY in Million3HKD
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 81.5L
19.88x0.68x11.81x0.98% 1.05TCr
16.39x0.66x9.53x2.82% 895.28Cr
44.84x1x15.39x-.--% 395.89Cr
12.42x0.29x6.46x5.93% 225.77Cr
13.66x0.35x6.07x4.95% 61Cr
-32.37x - - - 58Cr
12.9x0.32x6.14x6.87% 49Cr
Average 12.53x 0.55x 9.23x 3.59% 342Cr
Weighted average by Cap. 20.36x 0.68x 10.89x 2.07%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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