Rykadan Capital (HKSE:02288) Enterprise Value: HK$162.98 Mil (As of Sep. 08, 2026) ***

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HKSE:02288 Rykadan Capital Ltd HKSE:02288
38 GF Score
Price HK$0.15
GF Value HK$0.13
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Rykadan Capital Enterprise Value?

Rykadan Capital HKSE:02288 -1.28% 38 Enterprise Value is HK$162.98 Mil as of Sep. 08, 2026. GuruFocus rates HKSE:02288 with a GF Score™ of 38/100 and a GF Value™ of HK$0.13 (Modestly Overvalued). The stock has 7 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, Rykadan Capital's Enterprise Value is HK$162.98 Mil. Rykadan Capital's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was HK$-159.33 Mil. Therefore, Rykadan Capital's EV-to-EBIT ratio for today is -1.02.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Rykadan Capital's Enterprise Value is HK$162.98 Mil. Rykadan Capital's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was HK$-159.33 Mil. Therefore, Rykadan Capital's EV-to-EBITDA ratio for today is -1.02.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Rykadan Capital's Enterprise Value is HK$162.98 Mil. Rykadan Capital's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was HK$51.39 Mil. Therefore, Rykadan Capital's EV-to-Revenue ratio for today is 3.17.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, Rykadan Capital's Enterprise Value is HK$162.98 Mil. Rykadan Capital's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was HK$-129.92 Mil. Therefore, Rykadan Capital's EV-to-OCF ratio for today is -1.25.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Rykadan Capital's Enterprise Value is HK$162.98 Mil. Rykadan Capital's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was HK$-136.55 Mil. Therefore, Rykadan Capital's EV-to-FCF ratio for today is -1.19.

*** 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.


Rykadan Capital  (HKSE:02288) 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.

Rykadan Capital's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=162.977/-159.331
=-1.02

Rykadan Capital's current Enterprise Value is HK$162.98 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Rykadan Capital's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was HK$-159.33 Mil.

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

Rykadan Capital's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=162.977/-159.331
=-1.02

Rykadan Capital's current Enterprise Value is HK$162.98 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Rykadan Capital's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was HK$-159.33 Mil.

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

Rykadan Capital's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=162.977/51.392
=3.17

Rykadan Capital's current Enterprise Value is HK$162.98 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Rykadan Capital's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was HK$51.39 Mil.

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

Rykadan Capital's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=162.977/-129.919
=-1.25

Rykadan Capital's current Enterprise Value is HK$162.98 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Rykadan Capital's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was HK$-129.92 Mil.

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

Rykadan Capital's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=162.977/-136.552
=-1.19

Rykadan Capital's current Enterprise Value is HK$162.98 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Rykadan Capital's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was HK$-136.55 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.


Rykadan Capital Enterprise Value Related Terms


Rykadan Capital Enterprise Value Historical Data

* Premium members only.

The historical data trend for Rykadan Capital'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.

Rykadan Capital Enterprise Value Chart

Rykadan Capital Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 414.55 278.24 228.91 142.17 160.35

Rykadan Capital Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 228.91 150.10 142.17 109.65 160.35

Rykadan Capital Enterprise Value Competitor Comparison

For the Real Estate - Development subindustry, Rykadan Capital'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.


Rykadan Capital Enterprise Value vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Rykadan Capital's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Rykadan Capital's Enterprise Value falls into.


HKSE:02288
38GF Score
Rykadan Capital Ltd HKSE:02288
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rykadan Capital 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.

Rykadan Capital's Enterprise Value for the fiscal year that ended in Mar. 2026 is calculated as

Rykadan Capital's Enterprise Value for the quarter that ended in Mar. 2026 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$162.98 Mil mean?
Rykadan Capital (HKSE:02288) has a Enterprise Value of HK$162.98 Mil as of Sep. 08, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Rykadan Capital and its competitors.
Is Rykadan Capital's Enterprise Value too high?
Rykadan Capital's current Enterprise Value is HK$162.98 Mil. Overall, Rykadan Capital has a GF Score™ of 38/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Rykadan Capital's Enterprise Value compare to competitors?
Rykadan Capital's Enterprise Value of HK$162.98 Mil can be compared against companies in the Real Estate 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 Real Estate company?
A good Enterprise Value depends on the Real Estate 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 Rykadan Capital and its competitors. Rykadan Capital's current Enterprise Value is HK$162.98 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rykadan Capital stock overvalued right now?
Based on GuruFocus' analysis, Rykadan Capital (HKSE:02288) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.13, compared to a current price of HK$0.15 — trading 18.5% above its estimated fair value. The current Enterprise Value is HK$162.98 Mil. Rykadan Capital's overall GF Score™ is 38/100 with 7 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 Rykadan Capital (HKSE:02288), the current Enterprise Value is HK$162.98 Mil as of Sep. 08, 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 Rykadan Capital (HKSE:02288) Overvalued in 2026?

Based on GuruFocus' analysis, Rykadan Capital stock appears to be overvalued. The current stock price of HK$0.15 is trading 18.5% above its estimated GF Value™ of HK$0.13. GuruFocus considers Rykadan Capital to be Modestly Overvalued.

Key valuation signals for HKSE:02288:

  • Enterprise Value: HK$162.98 Mil
  • GF Value™: HK$0.13 vs. price of HK$0.15 (18.5% above fair value)
  • GF Score™: 38/100 with 7 warning signs

No single metric tells the full story. See the HKSE:02288 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Rykadan Capital Business Description

Address 23 Wong Chuk Hang Road, 29 Floor, Rykadan One, Wong Chuk Hang, Hong Kong, HKG
Rykadan Capital Ltd is an investment holding company. Its businesses are Property development, Property investment, Asset investment and fund management, and Distribution of construction and interior decorative materials. The key revenue is derived from the Property development segment which comprises repositioning and value enhancement of property with a focus on development projects in prime locations in Hong Kong, the United Kingdom, and the United States. Geographically, it derives a majority of revenue from the United Kingdom.
38GF Score

Get the complete analysis for HKSE:02288

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

HK$0.15
Price
HK$0.13
GF Value