Valuation Be Friends Holding Limited

Equities

Delayed Hong Kong S.E. Other stock markets 07:09:09 12/12/2025 GMT			5-day change	1st Jan Change
1.140 ^HKD	+2.70%		0.00%	+5.56%

10-14	Be Friends says Q3 2025 GMV rmb2.55 billion	RE
10-14	Be Friends' Gross Merchandise Volume Slips 12% in Q3	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2019	2020	2021	2022	2023	2024
Capitalization ¹	120.1	79.79	1,039	2,424	2,121	1,405
Change	-	-33.55%	1,202.04%	133.36%	-12.51%	-33.75%
Enterprise Value (EV) ¹	268.9	256.6	1,169	2,536	2,153	1,545
Change	-	-4.57%	355.45%	116.97%	-15.1%	-28.24%
P/E ratio	-1.41x	-0.82x	-16.3x	-231x	17.6x	17.1x
PBR	0.7x	0.99x	15.8x	26x	7.13x	3.35x
PEG	-	-0.1x	0.4x	2.7x	-0x	-0.5x
Capitalization / Revenue	0.63x	0.52x	5.12x	5.7x	1.97x	1.12x
EV / Revenue	1.41x	1.67x	5.76x	5.96x	2x	1.24x
EV / EBITDA	-3.81x	-5.71x	-51.9x	141x	15.6x	12.6x
EV / EBIT	-3.43x	-4.93x	-42.6x	184x	17x	14.2x
EV / FCF	-9.09x	-5.98x	61x	47.3x	11.9x	-15.7x
FCF Yield	-11%	-16.7%	1.64%	2.12%	8.37%	-6.35%
Dividend per Share ²	-	-	-	-	-	-
Rate of return	-	-	-	-	-	-
EPS ²	-0.0816	-0.0937	-0.0583	-0.007992	0.0865	0.0593
Distribution rate	-	-	-	-	-	-
Net sales ¹	191	153.3	202.8	425.6	1,074	1,251
EBITDA ¹	-70.64	-44.96	-22.52	18.01	137.8	122.6
EBIT ¹	-78.3	-52.09	-27.45	13.78	126.9	108.9
Net income ¹	-84.32	-97.53	-61.62	-9.207	119.5	81.71
Net Debt ¹	148.8	176.8	129.8	111.3	31.8	139.5
Reference price ²	0.115	0.077	0.953	1.849	1.525	1.015
Nbr of stocks (in thousands)	1,041,243	1,041,243	1,089,883	1,311,271	1,390,841	1,384,653
Announcement Date	28/04/20	15/04/21	22/04/22	26/04/23	22/04/24	28/04/25

¹CNY in Million²CNY

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
BE FRIENDS HOLDING LIMITED	-	-	-	-	198M
ALIBABA GROUP HOLDING LIMITED	21.87x	2.19x	15.36x	0.66%	351B
SHOPIFY INC.	205.89x	18.15x	106.59x	-.--%	214B
PDD HOLDINGS INC.	11.18x	1.78x	7.52x	-.--%	159B
MERCADOLIBRE, INC.	50.08x	3.44x	24.32x	-.--%	102B
MEITUAN	-24.12x	1.23x	-38.21x	-.--%	79.67B
COPART, INC.	23.56x	6.72x	15.95x	-	37.45B
EBAY INC.	20.3x	3.81x	12.29x	1.36%	38.15B
VIPSHOP HOLDINGS LIMITED	10.23x	0.41x	4.52x	2.38%	9.91B
GLOBAL-E ONLINE LTD.	115.01x	6.52x	32.09x	-.--%	6.81B
Average	48.22x	4.92x	20.05x	0.55%	99.86B
Weighted average by Cap.	59.45x	5.85x	30.27x	0.32%