REF Holdings Limited (HKG:1631)

REF Holdings Statistics

Total Valuation

REF Holdings has a market cap or net worth of HKD 133.12 million. The enterprise value is 86.48 million.

Market Cap	133.12M
Enterprise Value	86.48M

Important Dates

The next estimated earnings date is Monday, May 11, 2026.

Earnings Date	May 11, 2026
Ex-Dividend Date	n/a

Share Statistics

REF Holdings has 256.00 million shares outstanding.

Current Share Class	256.00M
Shares Outstanding	256.00M
Shares Change (YoY)	n/a
Shares Change (QoQ)	-2.36%
Owned by Insiders (%)	n/a
Owned by Institutions (%)	n/a
Float	64.00M

Valuation Ratios

The trailing PE ratio is 44.75.

PE Ratio	44.75
Forward PE	n/a
PS Ratio	1.44
PB Ratio	1.61
P/TBV Ratio	1.65
P/FCF Ratio	4.42
P/OCF Ratio	4.38
PEG Ratio	n/a

Enterprise Valuation

The stock's EV/EBITDA ratio is 4.04, with an EV/FCF ratio of 2.87.

EV / Earnings	29.07
EV / Sales	0.94
EV / EBITDA	4.04
EV / EBIT	24.70
EV / FCF	2.87

Financial Position

The company has a current ratio of 2.66, with a Debt / Equity ratio of 0.27.

Current Ratio	2.66
Quick Ratio	2.61
Debt / Equity	0.27
Debt / EBITDA	1.04
Debt / FCF	0.74
Interest Coverage	2.39

Financial Efficiency

Return on equity (ROE) is 3.66% and return on invested capital (ROIC) is 8.56%.

Return on Equity (ROE)	3.66%
Return on Assets (ROA)	1.76%
Return on Invested Capital (ROIC)	8.56%
Return on Capital Employed (ROCE)	3.94%
Weighted Average Cost of Capital (WACC)	6.62%
Revenue Per Employee	782,169
Profits Per Employee	25,212
Employee Count	120
Asset Turnover	0.74
Inventory Turnover	n/a

Taxes

In the past 12 months, REF Holdings has paid 387,000 in taxes.

Income Tax	387,000
Effective Tax Rate	11.51%

Stock Price Statistics

The stock price has increased by +158.71% in the last 52 weeks. The beta is 0.45, so REF Holdings's price volatility has been lower than the market average.

Beta (5Y)	0.45
52-Week Price Change	+158.71%
50-Day Moving Average	0.48
200-Day Moving Average	0.48
Relative Strength Index (RSI)	75.04
Average Volume (20 Days)	20,250

Short Selling Information

Short Interest	n/a
Short Previous Month	n/a
Short % of Shares Out	n/a
Short % of Float	n/a
Short Ratio (days to cover)	n/a

Income Statement

In the last 12 months, REF Holdings had revenue of HKD 92.30 million and earned 2.98 million in profits. Earnings per share was 0.01.

Revenue	92.30M
Gross Profit	46.62M
Operating Income	3.50M
Pretax Income	3.36M
Net Income	2.98M
EBITDA	5.18M
EBIT	3.50M
Earnings Per Share (EPS)	0.01

Balance Sheet

The company has 68.87 million in cash and 22.22 million in debt, with a net cash position of 46.64 million or 0.18 per share.

Cash & Cash Equivalents	68.87M
Total Debt	22.22M
Net Cash	46.64M
Net Cash Per Share	0.18
Equity (Book Value)	82.82M
Book Value Per Share	0.32
Working Capital	57.98M

Cash Flow

In the last 12 months, operating cash flow was 30.37 million and capital expenditures -243,000, giving a free cash flow of 30.12 million.

Operating Cash Flow	30.37M
Capital Expenditures	-243,000
Depreciation & Amortization	1.68M
Net Borrowing	-17.16M
Free Cash Flow	30.12M
FCF Per Share	0.12

Margins

Gross margin is 50.51%, with operating and profit margins of 3.79% and 3.22%.

Gross Margin	50.51%
Operating Margin	3.79%
Pretax Margin	3.64%
Profit Margin	3.22%
EBITDA Margin	5.61%
EBIT Margin	3.79%
FCF Margin	32.64%

Dividends & Yields

REF Holdings does not appear to pay any dividends at this time.

Dividend Per Share	n/a
Dividend Yield	n/a
Dividend Growth (YoY)	n/a
Years of Dividend Growth	n/a
Payout Ratio	n/a
Buyback Yield	n/a
Shareholder Yield	n/a
Earnings Yield	2.23%
FCF Yield	22.63%

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

This stock does not have any record of stock splits.

Last Split Date	n/a
Split Type	n/a
Split Ratio	n/a

Scores

REF Holdings has an Altman Z-Score of 3.35 and a Piotroski F-Score of 5.

Altman Z-Score	3.35
Piotroski F-Score	5