Added to YB: 2023-11-20
Pitch date: 2023-11-19
0869.HK [bullish]
Playmates Toys Limited
-21.11%
current return
Author Info
Company Info
Playmates Toys Limited, an investment holding company, engages in the design, development, marketing, and distribution of toys and family entertainment activity products.
Market Cap
HKD 505.1M
Pitch Price
HKD 0.56
Price Target
N/A
Dividend
N/A
EV/EBITDA
13.52
P/E
-34.13
EV/Sales
-1.06
Sector
Leisure Products
Category
value
Playmates Toys: Toy maker trades below Cash and less than 5x 2023 earnings
0869.HK: Toy maker (TMNT, Miraculous Ladybug) trades below net cash (EV -HK$115M), ~5x 2023e P/E. New TMNT movie Aug 2023 + 2024 series/40th anniv driving demand—Amazon BSR shows TMNT #28 toy, Miraculous stable. Est ~1B HKD rev, 20% EBIT margin, 4x MC/EBIT. 30%+ div payout. Risks: Funrise competition (30% share vs 60%), 5% option dilution. Long.
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