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Horizon Construction Development Ltd
HKEX:9930

Watchlist Manager
Horizon Construction Development Ltd
HKEX:9930
Watchlist
Price: 0.96 HKD 6.67% Market Closed
Market Cap: HK$3.1B

EV/EBITDA

3.3
Current
4%
Cheaper
vs 3-y average of 3.4

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
3.3
=
Enterprise Value
HK$15.2B
/
EBITDA
¥4.1B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
3.3
=
Enterprise Value
HK$15.2B
/
EBITDA
¥4.1B

Valuation Scenarios

Horizon Construction Development Ltd is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (3.4), the stock would be worth HK$1 (4% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+772%
Average Upside
293%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 3.3 HK$0.96
0%
3-Year Average 3.4 HK$1
+4%
5-Year Average 3.4 HK$1
+4%
Industry Average 16.3 HK$4.74
+393%
Country Average 28.8 HK$8.37
+772%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
HK$15.2B
/
Jan 2026
¥4.1B
=
3.3
Current
HK$15.2B
/
Dec 2026
¥4.5B
=
3.4
Forward
HK$15.2B
/
Dec 2027
¥5B
=
3.1
Forward
HK$15.2B
/
Dec 2028
¥4.5B
=
3.4
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
CN
Horizon Construction Development Ltd
HKEX:9930
3.1B HKD 3.3 18.3
JP
Mitsubishi Corp
TSE:8058
17.6T JPY 25.8 24.1
JP
Mitsui & Co Ltd
TSE:8031
16T JPY 23.2 18.6
JP
Itochu Corp
TSE:8001
15.4T JPY 16 16.6
JP
Marubeni Corp
TSE:8002
9.7T JPY 23.2 19
US
W W Grainger Inc
NYSE:GWW
54.7B USD 20.4 32
US
WW Grainger Inc
XMUN:GWW
47B EUR 20.6 32.2
US
Fastenal Co
NASDAQ:FAST
51.4B USD 27.1 39.6
US
Ferguson Enterprises Inc
NYSE:FERG
51.1B USD 43.4 65
US
United Rentals Inc
NYSE:URI
50.7B USD 8.9 20.3
JP
Sumitomo Corp
TSE:8053
7T JPY 14.8 12.6
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CN
H
Horizon Construction Development Ltd
HKEX:9930
Average EV/EBITDA: 20.6
3.3
3%
1.1
JP
Mitsubishi Corp
TSE:8058
25.8
5%
5.2
JP
Mitsui & Co Ltd
TSE:8031
23.2
4%
5.8
JP
Itochu Corp
TSE:8001
16
5%
3.2
JP
Marubeni Corp
TSE:8002
23.2
2%
11.6
US
W W Grainger Inc
NYSE:GWW
20.4
11%
1.9
US
W
WW Grainger Inc
XMUN:GWW
20.6
11%
1.9
US
Fastenal Co
NASDAQ:FAST
27.1
10%
2.7
US
Ferguson Enterprises Inc
NYSE:FERG
43.4
48%
0.9
US
United Rentals Inc
NYSE:URI
8.9
9%
1
JP
Sumitomo Corp
TSE:8053
14.8
2%
7.4

Market Distribution

Lower than 95% of companies in China
Percentile
5th
Based on 5 409 companies
5th percentile
3.3
Low
0 — 16.3
Typical Range
16.3 — 53.1
High
53.1 —
Distribution Statistics
China
Min 0
30th Percentile 16.3
Median 28.8
70th Percentile 53.1
Max 49 021

Horizon Construction Development Ltd
Glance View

Horizon Construction Development Ltd. is an investment holding company that engages in the provision of equipment operation services. The company is headquartered in Tianjin, Tianjin and currently employs 4,249 full-time employees. The company went IPO on 2023-05-25. The firm primarily conducts its business through three segments. The Operating Leasing Service segment is mainly engaged in the leasing of aerial work platforms, new support systems, new formwork systems and other equipment. The Engineering Technical Services segment is mainly engaged in providing tailor-made one-stop solutions for different business or operational scenarios. The Platform and Other Services segment is mainly engaged in platform services and sales of equipment, materials and spare parts.

Intrinsic Value
2.97 HKD
Undervaluation 68%
Intrinsic Value
Price HK$0.96
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