FriendTimes Inc
HKEX:6820

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FriendTimes Inc
HKEX:6820
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Price: 0.47 HKD 1.08% Market Closed
Market Cap: HK$1B

EV/FCFF

2.8
Current
3%
Cheaper
vs 3-y average of 2.8

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
2.8
=
Enterprise Value
HK$249.7m
/
Free Cash Flow to Firm
¥92.8m

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
2.8
=
Enterprise Value
HK$249.7m
/
Free Cash Flow to Firm
¥92.8m

Valuation Scenarios

FriendTimes Inc is trading below its 3-year average

If EV/FCFF returns to its 3-Year Average (2.8), the stock would be worth HK$0.49 (4% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+1 081%
Average Upside
528%
Scenario EV/FCFF Value Implied Price Upside/Downside
Current Multiple 2.8 HK$0.47
0%
3-Year Average 2.8 HK$0.49
+4%
5-Year Average 5 HK$0.85
+81%
Industry Average 32.5 HK$5.55
+1 081%
Country Average 28.8 HK$4.92
+947%

Forward EV/FCFF
Today’s price vs future free cash flow to firm

Not enough data available to calculate forward EV/FCFF

Peer Comparison

All Multiples
EV/FCFF
P/E
All Countries
Close
Market Cap EV/FCFF P/E
CN
FriendTimes Inc
HKEX:6820
1B HKD 2.8 9.6
US
Activision Blizzard Inc
LSE:0H8X
74.1B USD 26.4 34.2
CN
NetEase Inc
NASDAQ:NTES
73.1B USD 7.4 15.3
JP
Nintendo Co Ltd
TSE:7974
8.9T JPY 49.9 22.3
US
Electronic Arts Inc
NASDAQ:EA
50.7B USD 21.4 74.4
SG
Sea Ltd
NYSE:SE
45.5B USD 8.4 29.4
US
Roblox Corp
NYSE:RBLX
39.9B USD 27.7 -36.8
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
39.9B USD 81.4 -10
CN
Zhejiang Century Huatong Group Co Ltd
SZSE:002602
130.6B CNY 17.2 34.7
JP
Konami Holdings Corp
TSE:9766
2.6T JPY 44.8 29.8
JP
Nexon Co Ltd
TSE:3659
2.1T JPY 7.6 22.7
P/E Multiple
Earnings Growth PEG
CN
FriendTimes Inc
HKEX:6820
Average P/E: 30.3
9.6
N/A N/A
US
A
Activision Blizzard Inc
LSE:0H8X
34.2
36%
1
CN
NetEase Inc
NASDAQ:NTES
15.3
14%
1.1
JP
Nintendo Co Ltd
TSE:7974
22.3
26%
0.9
US
Electronic Arts Inc
NASDAQ:EA
74.4
32%
2.3
SG
Sea Ltd
NYSE:SE
29.4
27%
1.1
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -36.8 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
Negative Multiple: -10 N/A N/A
CN
Z
Zhejiang Century Huatong Group Co Ltd
SZSE:002602
34.7
104%
0.3
JP
Konami Holdings Corp
TSE:9766
29.8
22%
1.4
JP
N
Nexon Co Ltd
TSE:3659
22.7
18%
1.3

Market Distribution

Lower than 96% of companies in China
Percentile
4th
Based on 4 731 companies
4th percentile
2.8
Low
0 — 14.5
Typical Range
14.5 — 57
High
57 —
Distribution Statistics
China
Min 0
30th Percentile 14.5
Median 28.8
70th Percentile 57
Max 307 555.7

FriendTimes Inc
Glance View

Market Cap
1B HKD
Industry
Media

FriendTimes, Inc. is an investment holding company, which operates as a mobile game developer, publisher and operator in ancient Chinese style female-oriented games. The company is headquartered in Suzhou, Jiangsu and currently employs 1,362 full-time employees. The company went IPO on 2019-10-08. The firm is principally engaged in the development, publishing and operation of mobile games business. The Company’s main products include Royal Chaos, Rise of Queendom, Legend of Empress and Fate: Royal Revenge. The firm mainly operates its business in the domestic market.

Intrinsic Value
1.44 HKD
Undervaluation 67%
Intrinsic Value
Price HK$0.47
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