Innovax Holdings Limited

SEHK:2998 Stock Report

Market Cap: HK$55.2m

Innovax Holdings Valuation

Is 2998 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 2998 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 2998's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 2998's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2998?

Key metric: As 2998 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 2998. This is calculated by dividing 2998's market cap by their current revenue.
What is 2998's PS Ratio?
PS Ratio0.5x
SalesHK$114.26m
Market CapHK$55.20m

Price to Sales Ratio vs Peers

How does 2998's PS Ratio compare to its peers?

The above table shows the PS ratio for 2998 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.9x
8226 KOALA Financial Group
2.1xn/aHK$59.3m
8210 DLC Asia
0.8xn/aHK$42.4m
8221 Gaoyu Finance Group
1.9xn/aHK$59.5m
8168 Amasse Capital Holdings
2.9xn/aHK$34.1m
2998 Innovax Holdings
0.5xn/aHK$55.2m

Price-To-Sales vs Peers: 2998 is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (1.9x).

Price to Sales Ratio vs Industry

How does 2998's PS Ratio compare vs other companies in the HK Capital Markets Industry?

12 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.3.0x12.1%
2998 Innovax Holdings
 0.5xn/aUS$7.09m
1461 Zhongtai Futures
0.3xn/aUS$78.52m
985 CST Group
0.3xn/aUS$61.24m
2998 0.5xIndustry Avg. 3.0xNo. of Companies17PS03.67.210.814.418+
12 CompaniesEstimated GrowthMarket Cap
Industry Avg.3.0x22.1%
2998 Innovax Holdings
 0.5xn/aUS$7.09m
No more companies

Price-To-Sales vs Industry: 2998 is good value based on its Price-To-Sales Ratio (0.5x) compared to the Hong Kong Capital Markets industry average (3.1x).

Price to Sales Ratio vs Fair Ratio

What is 2998'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.

2998 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.5x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 2998'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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