Kingdom Holdings Valuation

Q: What is the Fair Price of 528 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

528 (HK$1.26) is trading below our estimate of [[fair value]] (HK$1.37)

Is 528 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-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 528 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 528 (HK$1.26) is trading below our estimate of fair value (HK$1.37)

Significantly Below Fair Value: 528 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 528?

Key metric: As 528 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 528. This is calculated by dividing 528's market cap by their current earnings.
What is 528's PE Ratio?
PE Ratio	4.2x
Earnings	CN¥170.02m
Market Cap	CN¥721.26m

528 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	0.6x
Enterprise Value/EBITDA	3.9x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 528's PE Ratio compare to its peers?

The above table shows the PE ratio for 528 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	37.4x
1795 Yadong Group Holdings	16.7x	n/a	HK$798.0m
2260 Vanov Holdings	15.6x	n/a	HK$860.5m
420 Fountain Set (Holdings)	6.3x	n/a	HK$771.8m
8521 WebX International Holdings	111.1x	n/a	HK$524.2m
528 Kingdom Holdings	4.2x	n/a	HK$776.7m

Price-To-Earnings vs Peers: 528 is good value based on its Price-To-Earnings Ratio (4.2x) compared to the peer average (37.4x).

Price to Earnings Ratio vs Industry

How does 528's PE Ratio compare vs other companies in the HK Luxury Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
8211 Zhejiang Yongan Rongtong Holdings	1x	n/a	US$5.46m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 528 is good value based on its Price-To-Earnings Ratio (4.2x) compared to the Hong Kong Luxury industry average (8.6x).

Price to Earnings Ratio vs Fair Ratio

What is 528's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

528 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	4.2x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 528's Price-To-Earnings 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.