Wong's International Holdings Limited

SEHK:99 Stock Report

Market Cap: HK$531.1m

Wong's International Holdings Valuation

Is 99 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 99 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 99 (HK$1.11) is trading below our estimate of fair value (HK$15.4)

Significantly Below Fair Value: 99 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 99?

Key metric: As 99 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 99. This is calculated by dividing 99's market cap by their current revenue.
What is 99's PS Ratio?
PS Ratio0.2x
SalesHK$2.73b
Market CapHK$531.12m

Price to Sales Ratio vs Peers

How does 99's PS Ratio compare to its peers?

The above table shows the PS ratio for 99 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.4x
1725 USPACE Technology Group
0.9xn/aHK$569.6m
3336 Ju Teng International Holdings
0.1xn/aHK$769.6m
1480 Yan Tat Group Holdings
0.4xn/aHK$247.2m
532 Wong's Kong King International (Holdings)
0.08xn/aHK$281.0m
99 Wong's International Holdings
0.2xn/aHK$531.1m

Price-To-Sales vs Peers: 99 is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.4x).

Price to Sales Ratio vs Industry

How does 99's PS Ratio compare vs other companies in the HK Electronic Industry?

12 CompaniesPrice / SalesEstimated GrowthMarket Cap
856 VSTECS Holdings
0.09x9.2%US$919.75m
1184 S.A.S. Dragon Holdings
0.1xn/aUS$329.63m
3991 Changhong Jiahua Holdings
0.04xn/aUS$191.53m
40 Gold Peak Technology Group
0.07xn/aUS$59.98m
99 0.2xIndustry Avg. 0.3xNo. of Companies21PS00.40.81.21.62+
12 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 99 is good value based on its Price-To-Sales Ratio (0.2x) compared to the Hong Kong Electronic industry average (0.3x).

Price to Sales Ratio vs Fair Ratio

What is 99'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.

99 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 99'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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