Zero2IPO Holdings (HKSE:01945) Enterprise Value: HK$-153.8 Mil (As of Aug. 07, 2026) ***

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HKSE:01945 Zero2IPO Holdings Inc HKSE:01945
87 GF Score
Price HK$1.51
GF Value HK$1.63
Valuation Fairly Valued
! 2 Warning Signs
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What is Zero2IPO Holdings Enterprise Value?

Zero2IPO Holdings HKSE:01945 -0.66% 87 Enterprise Value is HK$-153.8 Mil as of Aug. 07, 2026. GuruFocus rates HKSE:01945 with a GF Score™ of 87/100 and a GF Value™ of HK$1.63 (Fairly Valued). The stock has 2 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Zero2IPO Holdings's Enterprise Value is HK$-153.8 Mil. Zero2IPO Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was HK$97.2 Mil. Therefore, Zero2IPO Holdings's EV-to-EBIT ratio for today is -1.58.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Zero2IPO Holdings's Enterprise Value is HK$-153.8 Mil. Zero2IPO Holdings's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was HK$97.2 Mil. Therefore, Zero2IPO Holdings's EV-to-EBITDA ratio for today is -1.58.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Zero2IPO Holdings's Enterprise Value is HK$-153.8 Mil. Zero2IPO Holdings's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was HK$255.6 Mil. Therefore, Zero2IPO Holdings's EV-to-Revenue ratio for today is -0.60.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, Zero2IPO Holdings's Enterprise Value is HK$-153.8 Mil. Zero2IPO Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was HK$61.3 Mil. Therefore, Zero2IPO Holdings's EV-to-OCF ratio for today is -2.51.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Zero2IPO Holdings's Enterprise Value is HK$-153.8 Mil. Zero2IPO Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was HK$56.2 Mil. Therefore, Zero2IPO Holdings's EV-to-FCF ratio for today is -2.74.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


Zero2IPO Holdings  (HKSE:01945) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

Zero2IPO Holdings's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=-153.829/97.224
=-1.58

Zero2IPO Holdings's current Enterprise Value is HK$-153.8 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Zero2IPO Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was HK$97.2 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Zero2IPO Holdings's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=-153.829/97.224
=-1.58

Zero2IPO Holdings's current Enterprise Value is HK$-153.8 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Zero2IPO Holdings's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was HK$97.2 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Zero2IPO Holdings's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=-153.829/255.647
=-0.60

Zero2IPO Holdings's current Enterprise Value is HK$-153.8 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Zero2IPO Holdings's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was HK$255.6 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

Zero2IPO Holdings's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=-153.829/61.272
=-2.51

Zero2IPO Holdings's current Enterprise Value is HK$-153.8 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Zero2IPO Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was HK$61.3 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

Zero2IPO Holdings's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=-153.829/56.167
=-2.74

Zero2IPO Holdings's current Enterprise Value is HK$-153.8 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Zero2IPO Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was HK$56.2 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Zero2IPO Holdings Enterprise Value Related Terms


Zero2IPO Holdings Enterprise Value Historical Data

* Premium members only.

The historical data trend for Zero2IPO Holdings's Enterprise Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Zero2IPO Holdings Enterprise Value Chart

Zero2IPO Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Enterprise Value
Get a 7-Day Free Trial Premium Member Only 553.18 323.38 -245.62 -85.92 -132.25

Zero2IPO Holdings Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Enterprise Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -245.62 -280.80 -85.92 -138.49 -132.25

HKSE:01945 vs FRHC, VOYA: Enterprise Value Comparison

For the Financial Conglomerates subindustry, Zero2IPO Holdings's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Zero2IPO Holdings Enterprise Value vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Zero2IPO Holdings's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Zero2IPO Holdings's Enterprise Value falls into.


HKSE:01945
87GF Score
Zero2IPO Holdings Inc HKSE:01945
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zero2IPO Holdings Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Zero2IPO Holdings's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

Zero2IPO Holdings's Enterprise Value for the quarter that ended in Dec. 2025 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Enterprise Value →
What does a Enterprise Value of HK$-153.8 Mil mean?
Zero2IPO Holdings (HKSE:01945) has a Enterprise Value of HK$-153.8 Mil as of Aug. 07, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Zero2IPO Holdings and its competitors.
Is Zero2IPO Holdings' Enterprise Value too high?
Zero2IPO Holdings' current Enterprise Value is HK$-153.8 Mil. Overall, Zero2IPO Holdings has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zero2IPO Holdings' Enterprise Value compare to FRHC and VOYA?
Zero2IPO Holdings' Enterprise Value of HK$-153.8 Mil can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Diversified Financial Services company?
A good Enterprise Value depends on the Diversified Financial Services industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Zero2IPO Holdings and its competitors. Zero2IPO Holdings's current Enterprise Value is HK$-153.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zero2IPO Holdings stock overvalued right now?
Based on GuruFocus' analysis, Zero2IPO Holdings (HKSE:01945) is currently considered Fairly Valued. The stock's GF Value™ is HK$1.63, compared to a current price of HK$1.51 — trading 7.4% below its estimated fair value. The current Enterprise Value is HK$-153.8 Mil. Zero2IPO Holdings' overall GF Score™ is 87/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Zero2IPO Holdings (HKSE:01945), the current Enterprise Value is HK$-153.8 Mil as of Aug. 07, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Zero2IPO Holdings (HKSE:01945) Overvalued in 2026?

Based on GuruFocus' analysis, Zero2IPO Holdings stock appears to be undervalued. The current stock price of HK$1.51 is trading 7.4% below its estimated GF Value™ of HK$1.63. GuruFocus considers Zero2IPO Holdings to be Fairly Valued.

Key valuation signals for HKSE:01945:

  • Enterprise Value: HK$-153.8 Mil
  • GF Value™: HK$1.63 vs. price of HK$1.51 (7.4% below fair value)
  • GF Score™: 87/100 with 2 warning signs

No single metric tells the full story. See the HKSE:01945 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zero2IPO Holdings Business Description

Address No.40 Xiaoyun Road, Units 2101-2109, Air China Century Building, Building No.1, Chaoyang District, Beijing, CHN, 100600
Zero2IPO Holdings Inc is an integrated service platform for the equity investment industry. It provides data, marketing, consulting, and training services to participants in the equity investment industry. Its segment includes Data services that focus on providing information data and research reports; Marketing services that focuses on providing information, industry exchanges, and brand promotion; Investment Banking Services for the venture capital industry; Training services that focus on talent training in the venture capital industry and provide professional entrepreneurship and investment training services. The majority of the revenue comes from the Investment Banking Services. Geographically, the company generates almost all of its revenue from PRC.
87GF Score

Get the complete analysis for HKSE:01945

Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$1.51
Price
HK$1.63
GF Value