Company Valuation: China Enterprise Company Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 20,483 18,199 18,622 19,045 16,990 16,385
Change - -11.15% 2.33% 2.27% -10.79% -3.56%
Enterprise Value (EV) 1 23,323 25,233 24,681 24,618 21,624 29,040
Change - 8.19% -2.19% -0.26% -12.16% 34.29%
P/E 14.6x 23.2x 770x 35x -56.2x 136x
PBR 1.3x 1.17x 1.22x 1.28x 1.19x 1.13x
PEG - -0.5x -7.9x 0x 0x -1x
Capitalization / Revenue 1.77x 1.9x 7.16x 1.44x 2.44x 1.55x
EV / Revenue 2.02x 2.63x 9.49x 1.87x 3.11x 2.75x
EV / EBITDA 7.89x 9.96x 144x 11.6x 15.1x 14x
EV / EBIT 8.67x 11.2x -153x 13.9x 21.4x 17.6x
EV / FCF -12.4x 4.86x -23.8x 74.5x 14.6x -3.45x
FCF Yield -8.08% 20.6% -4.2% 1.34% 6.84% -29%
Dividend per Share 2 0.138 0.053 0.002 0.028 - 0.0059
Rate of return 4.11% 1.76% 0.06% 0.89% - 0.22%
EPS 2 0.23 0.13 0.004 0.09 -0.05 0.02
Distribution rate 60% 40.8% 50% 31.1% - 29.5%
Net sales 1 11,552 9,597 2,601 13,187 6,959 10,557
EBITDA 1 2,958 2,534 171.8 2,122 1,428 2,073
EBIT 1 2,689 2,247 -161.7 1,773 1,010 1,652
Net income 1 1,378 805.3 23.05 555.2 -316.8 118.6
Net Debt 1 2,840 7,034 6,059 5,572 4,634 12,655
Reference price 2 3.360 3.010 3.080 3.150 2.810 2.710
Nbr of stocks (in thousands) 6,096,135 6,046,135 6,046,135 6,046,135 6,046,135 6,046,135
Announcement Date 24/03/21 24/03/22 19/04/23 17/04/24 16/04/25 25/03/26
1CNY in Million2CNY
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 1.93B
65.15x - - - 70.03B
12.7x4.44x11.39x3.79% 40.22B
18.87x4.07x16.38x1.3% 29.17B
5.63x0.73x1.53x8.79% 27.38B
14.61x3.17x15.15x2.39% 27.01B
8.31x1.49x8.38x4.26% 27.69B
10.24x2.01x7.75x4.1% 20.59B
8.36x2.94x6.88x-.--% 20.05B
7.32x0.81x2.95x3.05% 18.72B
Average 16.80x 2.46x 8.80x 3.46% 28.28B
Weighted average by Cap. 24.63x 2.66x 9.35x 3.58%

Y-o-Y evolution of P/E

Valuation ratios - P/E - China Enterprise Company Limited

Historical PBR trend

Valuation ratios - PBR - China Enterprise Company Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - China Enterprise Company Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - China Enterprise Company Limited

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