Southern Sun Limited

JK9.F · Consumer Cyclical · Lodging · Valued as of 2026-11-03 · Statements 2026-03-31

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

What it is worth

EPV + Growth

1.50B USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

1.30B USD

15 years of cash the shareholders can take out, and the equity left at year 15

FCFF

1.03B USD

15 years of cash for shareholders and lenders, less what is owed

Average Intrinsic Value

1.28B USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

770.09M USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

1.66×

the ratio the screener ranks by

Margin of Safety

+39.6%

1 − Market Cap / Average Intrinsic Value

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

Earnings power value plus growth: 1.50B USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).
①EPV (earnings power value)1.39B USD
−②Net Debt Today90.08M USD
+③Growth Value205.94M USD
=Value1.50B USD

EPV of the Operations (NOPAT over WACC)

1.39B USD

Net debt today

-90.08M USD

Growth Value

+205.94M USD

Value

1.50B USD

①EPV (earnings power value)

1.39B USD

②Net Debt Today

90.08M USD

③Growth Value

205.94M USD

Market value

Market Cap770.09M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+48.8%

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 1.30B USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.
①Present Value of the 15 Years of FCFE591.29M USD
+②Equity at Year 15, Today706.94M USD
=Value1.30B USD
FCFE: the net income left for the shareholders once the business keeps what next year's growth needsEquity reinvestment: the part of the year's net income kept in the business to grow the next year; below zero, capital the business releases to the shareholdersPresent value of the FCFEColoured bars show the FCFE, grey bars the equity reinvestment. With a positive equity reinvestment the two stacked are the year's normalized income; with a negative one the grey is below zero, capital the business releases, and the normalized income is the FCFE plus that negative amount. Shaded, years 6 to 10: the growth falling to its long-run rate and the ROE on new investment falling to the cost of equity. Axes linear.

①Present Value of the 15 Years of FCFE

591.29M USD

②Equity at Year 15, Today

706.94M USD

Market value

Market Cap770.09M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+40.7%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 1.03B USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).
①Present Value of the 15 Years of FCFF696.81M USD
+②Invested Capital at Year 15, Today420.33M USD
−③Net Debt Today90.08M USD
=Value1.03B USD
FCFF: the NOPAT left for the shareholders and the lenders once the business reinvests what next year's growth needsReinvestment: the part of the year's NOPAT put back into the business to grow the next year; below zero, capital the business releasesPresent value of the FCFFColoured bars show the FCFF, grey bars the reinvestment. With a positive reinvestment the two stacked are the year's NOPAT; with a negative one the grey is below zero, capital the business releases, and the NOPAT is the FCFF plus that negative amount. Shaded, years 6 to 10: the growth rising to its long-run rate and the ROIC on new investment falling to the WACC. Axes linear.

①Present Value of the 15 Years of FCFF

696.81M USD

②Invested Capital at Year 15, Today

420.33M USD

③Net Debt Today

90.08M USD

Market value

Market Cap770.09M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+25.0%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 5.48%
Cost of Equity =Risk-Free Rate 4.50%+Beta 0.13×Market Risk Premium 6.00%= 5.25%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC =Tax Provision 25.27M USDPretax Income 98.12M USD= 25.76%

The tax the interest saves.

Interest Expense =EBIT 109.82M USD−Pretax Income 98.12M USD= 11.70M USD

The interest the company paid: EBIT is the profit before tax plus the interest.

Cost of Debt =Interest Expense 11.70M USDTotal Debt 127.05M USD×(1 − Tax Rate for WACC 25.76%)= 6.84%

What the lenders are paid a year after the tax the interest saves.

Debt Weight =Total Debt 127.05M USDMarket Cap + Total Debt 770.09M USD + 127.05M USD= 14.16%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 85.84%×Cost of Equity 5.25%+Debt Weight 14.16%×Cost of Debt 6.84%= 5.48%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2026-03-31.

Total Assets 834.94M USD − Total Liabilities 265.76M USD = Book Value Today 569.18M USD

Total Debt 127.05M USD − Cash and Short-Term Investments 36.98M USD = Net Debt Today 90.08M USD

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 1-1.6%at most 5%passes1,315,348,147 / 1,337,136,598
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets0.7%at least -10.0%passes(77.85M USD − 72.03M USD) ÷ 834.94M USD
Price to bookMarket Cap ÷ Book Value Today1.35×at most 3×passes770.09M USD ÷ 569.18M USD
Operating marginOperating Income ÷ Revenue26.1%above 10.0%passes109.24M USD ÷ 418.66M USD
Revenue growthRevenue ÷ Revenue a Year Before − 116.5%above 10.0%passes418.66M USD / 359.33M USD
Net cash(Cash − Total Debt) ÷ Market Cap-11.7%above -30%passes(36.98M USD − 127.05M USD) ÷ 770.09M USD
Operating efficiencyOperating Income ÷ Gross Profit57.9%above 25.0%passes109.24M USD ÷ 188.78M USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Share price

0.53 EUR

Enterprise value

2.28B EUR

the provider's own figure

EV / EBITDA

1.10×

Price / book

1.31×

the provider's book

Price / earnings

13.13×

Return on equity

13.1%

the provider's figure, not this page's

Profit margin

17.2%

Revenue growth

11.7%

Analyst target, mean

—

Analysts

—

opinions in the consensus

Financial Statements

The annual lines the screener holds, year by year, in USD at each period's rate; the figures this valuation read are in its calculation above.

USD2023202420252026
Income statement

Revenue

303.91M320.32M359.33M418.66M

Gross profit

128.99M134.28M159.41M188.78M

Operating income

77.36M74.27M90.14M109.24M

EBITDA

operating income before depreciation and amortisation

96.15M99.48M115.97M136.95M

Pretax income

57.05M62.67M78.40M98.12M

Net income

57.22M45.34M55.67M72.03M

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

41.59M45.50M60.49M74.09M

R&D

————
Balance sheet, year end

Total assets

762.10M724.34M738.60M834.94M

Total liabilities

300.98M274.08M232.75M265.76M

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

462.13M451.16M507.10M565.81M

Total debt

192.47M165.80M114.94M127.05M

Cash and equivalents

49.82M33.85M21.53M36.98M

Net PP&E

fixed assets after depreciation

531.88M501.59M511.88M564.35M

Working capital

current assets less current liabilities

3.55M-6.41M-36.81M-34.59M
Cash flow

Operating cash flow

74.14M71.94M73.94M77.85M

Capital expenditure

paid out, so below zero

-15.52M-18.06M-28.27M-35.99M

Depreciation and amortisation

19.81M19.55M23.00M27.13M

Free cash flow

operating cash flow plus capital expenditure

58.63M53.87M45.67M41.87M