China e-Wallet Payment Group Valuation

Q: What is the Fair Price of 802 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

802 (HK$0.05) is trading above our estimate of [[fair value]] (HK$0.01)

Is 802 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 802 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 802 (HK$0.05) is trading above our estimate of fair value (HK$0.01)

Significantly Below Fair Value: 802 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 802?

Key metric: As 802 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 802. This is calculated by dividing 802's market cap by their current revenue.
What is 802's PS Ratio?
PS Ratio	0.4x
Sales	HK$70.96m
Market Cap	HK$27.16m

802 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	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 802's PS Ratio compare to its peers?

The above table shows the PS ratio for 802 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	0.6x
8060 Global Link Communications Holdings	0.2x	n/a	HK$27.4m
8076 Sing Lee Software (Group)	0.3x	n/a	HK$26.3m
8290 Ahsay Backup Software Development	0.9x	n/a	HK$38.0m
8018 Finsoft Financial Investment Holdings	0.8x	n/a	HK$37.8m
802 China e-Wallet Payment Group	0.4x	n/a	HK$27.2m

Price-To-Sales vs Peers: 802 is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (0.9x).

Price to Sales Ratio vs Industry

How does 802's PS Ratio compare vs other companies in the HK Software Industry?

3 Companies	Price / Sales	Estimated Growth	Market Cap
6638 OneConnect Financial Technology	0.2x	-6.5%	US$97.70m
1933 OneForce Holdings	0.2x	n/a	US$11.26m
8060 Global Link Communications Holdings	0.2x	n/a	US$3.52m

No more companies available in this PS range

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 802 is good value based on its Price-To-Sales Ratio (0.4x) compared to the Hong Kong Software industry average (1.4x).

Price to Sales Ratio vs Fair Ratio

What is 802'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.

802 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.4x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 802'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.

Discover undervalued companies

Newborn Town

HK$4.2b

An investment holding company, engages in the social networking business worldwide.

9911

HK$3.63

0.6%

53.8%

Chinasoft International

HK$13.5b

Engages in development and provision of information technology (IT) solutions, IT outsourcing, and training services in the People’s Republic of China, the United States, Malaysia, Japan, Singapore, India, and Saudi Arabia.

354

HK$5.41

-3.7%

-17.2%

Capinfo

HK$628.9m

Provides information technology (IT) services in the People’s Republic of China.

1075

HK$2.17

7.4%

-32.2%