Company Valuation: Blue River Holdings Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2020 2021 2022 2023 2024 2025
Market Cap 1 386.4 430.5 122.5 582.9 234.2 87.44
Change - 11.43% -71.54% 375.73% -59.82% -62.67%
Enterprise Value (EV) 1 60.77 -832.8 923.5 363.3 239.5 160.6
Change - -1,470.3% 210.89% -60.66% -34.08% -32.92%
P/E -0.68x 2.85x -0.08x -1.01x -0.88x -0.49x
PBR 0.11x 0.11x 0.06x 0.43x 0.25x 0.11x
PEG - -0x 0x 0x 0x 0x
Capitalization / Revenue 1.06x 1.55x 0.01x 7.56x 3.78x 2.24x
EV / Revenue 0.17x -3x 0.09x 4.71x 3.86x 4.12x
EV / EBITDA -0.9x 1.26x -4.29x -6.99x -2.58x -3.68x
EV / EBIT -0.55x 1.21x -3x -3.24x -2.41x -3.41x
EV / FCF -0.1x -1.72x -0.88x 0.18x -4.54x -2.29x
FCF Yield -974% -58% -114% 552% -22% -43.7%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.5184 0.137 -1.475 -0.5544 -0.2548 -0.1704
Distribution rate - - - - - -
Net sales 1 363.9 277.3 10,795 77.09 61.97 39.01
EBITDA 1 -67.75 -659.2 -215.1 -51.99 -92.92 -43.7
EBIT 1 -109.7 -688.6 -308.2 -112.1 -99.26 -47.17
Net income 1 -572.3 151.3 -1,629 -605.4 -265.3 -177.4
Net Debt 1 -325.6 -1,263 800.9 -219.6 5.285 73.21
Reference price 2 0.3500 0.3900 0.1110 0.5600 0.2250 0.0840
Nbr of stocks (in thousands) 1,103,916 1,103,916 1,103,916 1,040,946 1,040,946 1,040,946
Announcement Date 28/7/20 27/7/21 18/8/22 27/7/23 26/7/24 28/7/25
1HKD in Million2HKD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 9.43M
28.28x10.36x17.69x0.53% 43.67B
9.07x3.34x9.86x3.68% 17.77B
13.88x3.26x8.3x4.72% 8.75B
45.53x12.94x28.84x0.23% 8.15B
6.89x - - 6.17% 7.6B
11.2x - - - 7.48B
7.69x5.61x9.81x6.15% 7.37B
33.78x9.81x17.57x1.46% 6.88B
18x6.89x11.37x4.1% 5.21B
Average 19.37x 7.46x 14.78x 3.38% 11.29B
Weighted average by Cap. 21.33x 8.09x 15.42x 2.42%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Blue River Holdings Limited