Etoiles Capital Group Co., Ltd

Worth knowing

• Profit looks boosted by one-off gains. Reported profit is 75.4× operating cash profit (EBITDA), lifted by income outside the core business.Reported profit is 75.4× operating cash profit, lifted by income outside the core business.

  Etoiles Capital's reported profit is 75.4× its operating cash profit (EBITDA), which is unusual: normally it's the other way round. Income outside the core business, such as interest on a large cash pile, gains on investments or asset sales, or tax items, has lifted net income, so its earnings-based valuation may look cheaper than the business alone justifies.Etoiles Capital's reported profit is 75.4× its operating cash profit, which is unusual: normally it's the other way round. Income outside the core business, such as interest on a large cash pile, gains on investments or asset sales, or tax items, has lifted net income, so its earnings-based valuation may look cheaper than the business alone justifies.

• Growing fast, still losing money. Revenue grew faster than 91% of peers, at an operating loss, from a small base ($3.2M of revenue over 12 months).

  Revenue grew faster than 91% of peers, but the business runs at an operating loss (margin -1.0%).

• Financials may be out of date. Latest financial period ended 10 months ago.

  The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.