Hong Kong Technology Venture Valuation

Is XHN1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of XHN1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: XHN1 (€0.14) is trading below our estimate of fair value (€0.44)

Significantly Below Fair Value: XHN1 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for XHN1?

Key metric: As XHN1 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for XHN1. This is calculated by dividing XHN1's market cap by their current revenue.
What is XHN1's PS Ratio?
PS Ratio	0.3x
Sales	HK$3.88b
Market Cap	HK$1.11b

XHN1 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.2x
Enterprise Value/EBITDA	59.8x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does XHN1's PS Ratio compare to its peers?

The above table shows the PS ratio for XHN1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.2x
K7L Dispensa Group	0.4x	n/a	€2.1m
HAW Hawesko Holding	0.3x	3.1%	€203.9m
MSH WASGAU Produktions & Handels	0.09x	n/a	€56.4m
B4B Metro	0.05x	2.9%	€1.6b
XHN1 Hong Kong Technology Venture	0.3x	n/a	€1.1b

Price-To-Sales vs Peers: XHN1 is expensive based on its Price-To-Sales Ratio (0.3x) compared to the peer average (0.2x).

Price to Sales Ratio vs Industry

How does XHN1's PS Ratio compare vs other companies in the European Consumer Retailing Industry?

10 Companies	Price / Sales	Estimated Growth	Market Cap

10 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: XHN1 is good value based on its Price-To-Sales Ratio (0.3x) compared to the European Consumer Retailing industry average (0.3x).

Price to Sales Ratio vs Fair Ratio

What is XHN1's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

XHN1 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.3x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate XHN1's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.