CMON Ltd
HKEX:1792

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CMON Ltd
HKEX:1792
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Price: 1.12 HKD 3.7% Market Closed
Market Cap: HK$69.4m

P/FCFE

2
Current
112%
More Expensive
vs 3-y average of 0.9

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
2
=
Market Cap
HK$68.7m
/
Free Cash Flow to Equity
$4.5m

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
2
=
Market Cap
HK$68.7m
/
Free Cash Flow to Equity
$4.5m

Valuation Scenarios

CMON Ltd is trading above its 3-year average

If P/FCFE returns to its 3-Year Average (0.9), the stock would be worth HK$0.53 (53% downside from current price).

Statistics
Positive Scenarios
1/3
Maximum Downside
-53%
Maximum Upside
+694%
Average Upside
208%
Scenario P/FCFE Value Implied Price Upside/Downside
Current Multiple 2 HK$1.12
0%
3-Year Average 0.9 HK$0.53
-53%
5-Year Average 1.6 HK$0.92
-17%
Country Average 15.6 HK$8.89
+694%

Forward P/FCFE
Today’s price vs future free cash flow to equity

Not enough data available to calculate forward P/FCFE

Peer Comparison

All Multiples
P/FCFE
P/E
All Countries
Close
Market Cap P/FCFE P/E
SG
CMON Ltd
HKEX:1792
69.4m HKD 2 -0.4
JP
Bandai Namco Holdings Inc
TSE:7832
2.3T JPY 23.6 20.2
US
Hasbro Inc
NASDAQ:HAS
13.4B USD 162 -41.5
JP
Shimano Inc
TSE:7309
1.4T JPY 86.3 38.7
UK
Games Workshop Group PLC
LSE:GAW
6.6B GBP 29.4 31.9
CA
BRP Inc
TSX:DOO
5.6B CAD 17.9 19.1
CN
Zhejiang CFMoto Power Co Ltd
SSE:603129
41.9B CNY 23.6 24.9
US
Acushnet Holdings Corp
NYSE:GOLF
5.6B USD 22.2 29.6
US
Brunswick Corp
NYSE:BC
5.2B USD 123.8 -37.5
IT
Technogym SpA
MIL:TGYM
4B EUR 39.6 34.7
US
Mattel Inc
NASDAQ:MAT
4.5B USD 14.5 11.3
P/E Multiple
Earnings Growth PEG
SG
CMON Ltd
HKEX:1792
Average P/E: 26.3
Negative Multiple: -0.4
N/A N/A
JP
Bandai Namco Holdings Inc
TSE:7832
20.2
7%
2.9
US
Hasbro Inc
NASDAQ:HAS
Negative Multiple: -41.5 N/A N/A
JP
Shimano Inc
TSE:7309
38.7
32%
1.2
UK
Games Workshop Group PLC
LSE:GAW
31.9
5%
6.4
CA
BRP Inc
TSX:DOO
19.1
34%
0.6
CN
Zhejiang CFMoto Power Co Ltd
SSE:603129
24.9
N/A N/A
US
Acushnet Holdings Corp
NYSE:GOLF
29.6
12%
2.5
US
Brunswick Corp
NYSE:BC
Negative Multiple: -37.5 N/A N/A
IT
Technogym SpA
MIL:TGYM
34.7
13%
2.7
US
Mattel Inc
NASDAQ:MAT
11.3
11%
1

Market Distribution

Lower than 97% of companies in Singapore
Percentile
3nd
Based on 379 companies
3nd percentile
2
Low
0.2 — 10
Typical Range
10 — 28.3
High
28.3 —
Distribution Statistics
Singapore
Min 0.2
30th Percentile 10
Median 15.6
70th Percentile 28.3
Max 572

CMON Ltd
Glance View

Market Cap
69.4m HKD
Industry
Leisure Products

CMON Ltd. operates as a hobby games publisher. The firm is primarily engaged in designing, developing and selling board games, miniature war games, and other hobby products. The Company’s geographical areas include North America, Europe, Oceania, Asia and South America. The firm publishes both self-owned games and licensed games, and also distributes third-party tabletop games. The firm sells its tabletop games through Kickstarter and to wholesalers. The company also sells directly to end-users through its own physical store located in Singapore and online game conventions, both online and physical. The firm has over three Kickstarter games, which include CMON Presents: the Animation Collection, Zombicide: Undead or Alive and Marvel United: X-Men.

Intrinsic Value
1.44 HKD
Undervaluation 22%
Intrinsic Value
Price HK$1.12
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