Company Valuation: ZO Future Group

Data adjusted to current consolidation scope
Fiscal Period: June 2020 2021 2022 2023 2024 2025
Capitalization 1 2,019 3,337 1,447 455.2 2,519 2,095
Change - 65.28% -56.65% -68.53% 453.39% -16.85%
Enterprise Value (EV) 1 2,491 3,903 2,088 1,077 2,965 3,006
Change - 56.69% -46.52% -48.4% 175.21% 1.38%
P/E ratio -7.75x -43x -35.6x -17.7x -13.2x -5.97x
PBR 6.18x 6.23x 2.96x 0.88x 5.5x 5.77x
PEG - 0.6x 0.7x 0.5x -0x -0.1x
Capitalization / Revenue 8.72x 20.2x 6.55x 2.1x 9.15x 4.64x
EV / Revenue 10.8x 23.7x 9.45x 4.96x 10.8x 6.66x
EV / EBITDA -9.66x -12.9x -7.65x -4.6x -9.33x -6.56x
EV / EBIT -6.99x -10x -6.05x -3.95x -7.57x -5.34x
EV / FCF -16.3x -16.1x -12.8x -14.8x -7.31x -28.8x
FCF Yield -6.14% -6.22% -7.79% -6.74% -13.7% -3.47%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.3677 -0.1006 -0.0527 -0.0333 -0.2337 -0.3804
Distribution rate - - - - - -
Net sales 1 231.5 165 220.9 217.1 275.2 451.2
EBITDA 1 -257.9 -302.7 -273 -234.3 -317.7 -458.3
EBIT 1 -356.5 -389.1 -345.3 -272.9 -391.6 -562.6
Net income 1 -260.5 -74.23 -40.66 -25.66 -182.8 -314
Net Debt 1 472.3 566.5 641.1 622.1 445.6 910.8
Reference price 2 2.850 4.325 1.875 0.590 3.090 2.270
Nbr of stocks (in thousands) 708,401 771,560 771,560 771,560 815,257 922,784
Announcement Date 10/29/20 10/28/21 10/27/22 10/26/23 10/25/24 10/27/25
1HKD in Million2HKD
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 231M
-98.81x4.18x33.9x-.--% 2.45B
-19.04x2.65x12.52x-.--% 1.17B
108.83x0.87x3.84x2.14% 418M
Average -3.00x 2.57x 16.75x 0.71% 1.07B
Weighted average by Cap. -54.21x 3.40x 24.59x 0.22%
See all sector valuations

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

  1. Stock Market
  2. Equities
  3. 2309 Stock
  4. Valuation ZO Future Group
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