Mexan Valuation

Is 22 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: 22 (HK$0.07) is trading below our estimate of fair value (HK$0.08)

Significantly Below Fair Value: 22 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 22?

Key metric: As 22 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 22. This is calculated by dividing 22's market cap by their current revenue.
What is 22's PS Ratio?
PS Ratio0.9x
SalesHK$150.52m
Market CapHK$131.75m

Price to Sales Ratio vs Peers

How does 22's PS Ratio compare to its peers?

The above table shows the PS ratio for 22 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.8x
1215 Kai Yuan Holdings
0.7xn/aHK$217.2m
1701 Tu Yi Holding
0.8xn/aHK$131.0m
8668 Ying Hai Group Holdings
1xn/aHK$111.6m
1832 S.A.I. Leisure Group
0.6xn/aHK$190.8m
22 Mexan
0.9xn/aHK$131.7m

Price-To-Sales vs Peers: 22 is expensive based on its Price-To-Sales Ratio (0.9x) compared to the peer average (0.8x).


Price to Sales Ratio vs Industry

How does 22's PS Ratio compare vs other companies in the HK Hospitality Industry?

15 CompaniesPrice / SalesEstimated GrowthMarket Cap
520 Xiabuxiabu Catering Management (China) Holdings
0.2x9.7%US$119.65m
6811 Tai Hing Group Holdings
0.2x4.9%US$82.69m
573 Tao Heung Holdings
0.2xn/aUS$59.96m
6882 EGL Holdings
0.2xn/aUS$39.39m
22 0.9xIndustry Avg. 0.7xNo. of Companies19PS00.81.62.43.24+
15 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 22 is expensive based on its Price-To-Sales Ratio (0.9x) compared to the Hong Kong Hospitality industry average (0.7x).


Price to Sales Ratio vs Fair Ratio

What is 22'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.

22 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.9x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 22'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.


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