HKBN Ltd.

DB:2HK Stock Report

Market Cap: €830.6m

HKBN Valuation

Is 2HK undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 2HK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2HK (€0.62) is trading below our estimate of fair value (€4.03)

Significantly Below Fair Value: 2HK is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2HK?

Key metric: As 2HK is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 2HK. This is calculated by dividing 2HK's market cap by their current revenue.
What is 2HK's PS Ratio?
PS Ratio0.6x
SalesHK$10.65b
Market CapHK$6.72b

Price to Sales Ratio vs Peers

How does 2HK's PS Ratio compare to its peers?

The above table shows the PS ratio for 2HK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.7x
UTDI United Internet
0.4x3.9%€2.6b
O2D Telefónica Deutschland Holding
0.7x-1.3%€6.2b
E4C ecotel communication ag
0.4x9.6%€48.3m
DTE Deutsche Telekom
1.2x2.7%€141.4b
2HK HKBN
0.6x2.5%€6.7b

Price-To-Sales vs Peers: 2HK is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (0.7x).

Price to Sales Ratio vs Industry

How does 2HK's PS Ratio compare vs other companies in the European Telecom Industry?

4 CompaniesPrice / SalesEstimated GrowthMarket Cap
2HK 0.6xIndustry Avg. 1.0xNo. of Companies12PS012345+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 2HK is good value based on its Price-To-Sales Ratio (0.6x) compared to the European Telecom industry average (1x).

Price to Sales Ratio vs Fair Ratio

What is 2HK'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.

2HK PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.6x
Fair PS Ratio0.5x

Price-To-Sales vs Fair Ratio: 2HK is expensive based on its Price-To-Sales Ratio (0.6x) compared to the estimated Fair Price-To-Sales Ratio (0.5x).

Analyst Price Targets

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

The above table shows the analyst 2HK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.62
€0.57
-8.7%
9.2%€0.62€0.51n/a2
Nov ’25€0.42
€0.40
-5.4%
8.6%€0.44€0.36n/a3
Oct ’25€0.35
€0.33
-5.4%
16.4%€0.38€0.25n/a3
Sep ’25€0.31
€0.39
+26.6%
39.0%€0.62€0.25n/a4
Aug ’25€0.28
€0.40
+41.5%
35.5%€0.64€0.26n/a5
Jul ’25€0.28
€0.40
+41.5%
35.5%€0.64€0.26n/a5
Jun ’25€0.27
€0.40
+47.8%
35.5%€0.64€0.26n/a5
May ’25€0.27
€0.40
+46.7%
35.5%€0.64€0.26n/a5
Apr ’25€0.34
€0.46
+35.5%
28.1%€0.63€0.28n/a5
Mar ’25€0.35
€0.51
+45.2%
17.4%€0.64€0.41n/a5
Feb ’25€0.37
€0.52
+39.7%
19.1%€0.67€0.41n/a5
Jan ’25€0.39
€0.52
+32.5%
17.9%€0.66€0.42n/a5
Dec ’24€0.40
€0.52
+31.8%
17.9%€0.66€0.42€0.585
Nov ’24€0.31
€0.67
+116.1%
43.6%€1.14€0.42€0.424
Oct ’24€0.37
€0.63
+70.7%
45.0%€1.15€0.41€0.355
Sep ’24€0.40
€0.70
+75.9%
40.2%€1.08€0.42€0.315
Aug ’24€0.47
€0.70
+49.5%
40.2%€1.08€0.42€0.285
Jul ’24€0.47
€0.74
+57.3%
37.3%€1.11€0.43€0.285
Jun ’24€0.56
€0.82
+44.5%
28.6%€1.13€0.50€0.275
May ’24€0.61
€0.77
+25.7%
28.4%€1.10€0.49€0.276
Apr ’24€0.66
€0.82
+25.6%
34.0%€1.32€0.50€0.346
Mar ’24€0.70
€0.83
+17.2%
31.4%€1.32€0.50€0.357
Feb ’24€0.63
€0.83
+31.1%
31.4%€1.32€0.50€0.377
Jan ’24€0.64
€0.80
+25.9%
36.2%€1.35€0.49€0.397
Dec ’23€0.68
€0.81
+20.5%
34.8%€1.34€0.50€0.407

Analyst Forecast: Target price is lower than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 17:34
End of Day Share Price 2024/12/23 00:00
Earnings2024/08/31
Annual Earnings2024/08/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

HKBN Ltd. is covered by 17 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Wen DuBarclays
Wai Kit ChuBofA Global Research
Kai QianChina International Capital Corporation Limited