Company Valuation: OxPay Financial Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024
Capitalization 1 61.26 36.14 16.55 7.724
Change - -41.01% -54.2% -53.33%
Enterprise Value (EV) 1 35.46 14.06 7.978 4.768
Change - -60.36% -43.25% -40.24%
P/E ratio -1.95x -76x -12.2x -2.5x
PBR 10.4x 6.2x 3.66x 6.17x
PEG -0x 0.8x -0x -0x
Capitalization / Revenue 3.49x 3.66x 1.99x 2.13x
EV / Revenue 2.02x 1.42x 0.96x 1.32x
EV / EBITDA - - - -
EV / EBIT 13.2x -12.4x -2.81x -1.49x
EV / FCF - - - -
FCF Yield - - - -
Dividend per Share 2 - - - -
Rate of return - - - -
EPS 2 -0.1151 -0.001723 -0.00493 -0.0112
Distribution rate - - - -
Net sales 1 17.54 9.871 8.323 3.625
EBITDA 2.729 -1.092 -2.787 -3.146
EBIT 1 2.687 -1.134 -2.835 -3.2
Net income 1 -27.06 -0.473 -1.36 -3.078
Net Debt 1 -25.79 -22.08 -8.573 -2.956
Reference price 2 0.2250 0.1310 0.0600 0.0280
Nbr of stocks (in thousands) 272,249 275,843 275,843 275,843
Announcement Date 4/8/22 4/5/23 4/11/24 4/8/25
1SGD in Million2SGD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 10.76M
24.12x13.15x18.66x0.88% 580B
8.73x1.26x6.46x0.76% 40.7B
19.31x1.28x7.35x-.--% 37.03B
9.67x2.73x6.46x-.--% 29.9B
14.86x4.24x8x-.--% 20.03B
12.93x2.88x6.06x1.65% 18.01B
17.22x9.18x33.11x - 13.61B
26.67x4.42x14.39x-.--% 13.31B
120.34x7.01x107.2x-.--% 7.73B
Average 28.21x 5.13x 23.08x 0.41% 76.04B
Weighted average by Cap. 22.89x 10.76x 17.48x 0.77%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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