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Horizon Construction Development Ltd
HKEX:9930

Watchlist Manager
Horizon Construction Development Ltd
HKEX:9930
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Price: 0.86 HKD -5.49%
Market Cap: HK$2.7B

EV/S

1.4
Current
3%
Cheaper
vs 3-y average of 1.5

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
1.4
=
Enterprise Value
HK$15.2B
/
Revenue
¥9.4B

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
1.4
=
Enterprise Value
HK$15.2B
/
Revenue
¥9.4B

Valuation Scenarios

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

If EV/S returns to its 3-Year Average (1.5), the stock would be worth HK$0.89 (3% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+133%
Average Upside
39%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 1.4 HK$0.86
0%
3-Year Average 1.5 HK$0.89
+3%
5-Year Average 1.5 HK$0.89
+3%
Industry Average 1.6 HK$1
+16%
Country Average 3.3 HK$2.01
+133%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
HK$15.2B
/
Jan 2026
¥9.4B
=
1.4
Current
HK$15.2B
/
Dec 2026
¥11.3B
=
1.4
Forward
HK$15.2B
/
Dec 2027
¥12.4B
=
1.2
Forward
HK$15.2B
/
Dec 2028
¥13.5B
=
1.1
Forward

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

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close

Market Distribution

Lower than 76% of companies in China
Percentile
24rd
Based on 7 593 companies
24rd percentile
1.4
Low
0 — 1.7
Typical Range
1.7 — 6.2
High
6.2 —
Distribution Statistics
China
Min 0
30th Percentile 1.7
Median 3.3
70th Percentile 6.2
Max 5 034 353.9

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 71%
Intrinsic Value
Price HK$0.86
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