Town Ray Holdings Ratios and Metrics

Market cap in millions HKD. Fiscal year is January - December.

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 12, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	639	980	1,113	732	722	319
Market Cap Growth	-33.83%	-11.94%	51.96%	1.49%	125.85%	15.76%
Enterprise Value	626	888	962	780	576	163
Last Close Price	1.78	2.46	2.53	1.50	1.29	0.52
PE Ratio	7.17	9.11	9.11	5.45	6.78	3.07
PS Ratio	0.88	1.39	1.58	0.89	0.95	0.59
PB Ratio	1.94	2.76	3.23	2.09	2.17	1.03
P/TBV Ratio	1.94	2.76	3.23	2.09	2.17	1.03
P/FCF Ratio	7.51	2413.97	6.08	3.46	-	3.29
P/OCF Ratio	6.52	42.41	5.66	2.84	42.89	2.74
EV/Sales Ratio	0.86	1.26	1.37	0.95	0.75	0.30
EV/EBITDA Ratio	4.88	6.92	6.45	4.67	4.24	1.34
EV/EBIT Ratio	6.55	7.78	7.13	5.04	4.71	1.46
EV/FCF Ratio	7.36	2186.88	5.25	3.68	-	1.68
Debt / Equity Ratio	0.20	0.25	0.10	0.17	0.35	0.17
Debt / EBITDA Ratio	0.52	0.60	0.21	0.33	0.78	0.39
Debt / FCF Ratio	0.78	216.07	0.19	0.28	-	0.54
Net Debt / Equity Ratio	-0.04	0.03	-0.45	-0.25	-0.09	-0.56
Net Debt / EBITDA Ratio	-0.12	0.09	-1.03	-0.53	-0.22	-1.42
Net Debt / FCF Ratio	-0.15	28.40	-0.84	-0.42	1.30	-1.77
Asset Turnover	1.21	1.36	1.33	1.38	1.41	1.15
Inventory Turnover	4.74	5.89	4.44	3.18	3.75	4.77
Quick Ratio	1.09	1.32	2.00	1.21	1.08	1.94
Current Ratio	1.74	2.03	2.51	1.95	2.02	2.57
Return on Equity (ROE)	26.70%	30.76%	35.19%	39.38%	33.22%	33.85%
Return on Assets (ROA)	9.92%	13.83%	15.92%	16.23%	14.10%	14.72%
Return on Invested Capital (ROIC)	24.73%	33.80%	49.72%	45.73%	47.02%	71.49%
Return on Capital Employed (ROCE)	26.80%	29.30%	38.70%	41.70%	33.90%	35.60%
Earnings Yield	13.95%	10.98%	10.98%	18.34%	14.76%	32.61%
FCF Yield	13.31%	0.04%	16.46%	28.93%	-3.16%	30.37%
Dividend Yield	12.98%	10.99%	11.90%	20.12%	20.06%	44.60%
Payout Ratio	169.94%	87.07%	100.76%	71.63%	81.57%	71.25%
Buyback Yield / Dilution	-	-	-	-	5.13%	-18.66%
Total Shareholder Return	12.98%	10.99%	11.90%	20.12%	25.19%	25.94%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.