Company Valuation: China Renaissance Holdings Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 7,117 6,627 4,083 3,616 1,538 2,128
Change - -6.89% -38.39% -11.43% -57.47% 38.37%
Enterprise Value (EV) 1 3,558 3,317 1,107 -140.9 -3,715 -2,678
Change - -6.77% -66.62% -112.73% -2,535.79% 27.9%
P/E 6.74x 3.9x -8.45x -6.77x -7.68x 19.5x
PBR 1.21x 0.97x 0.63x 0.59x 0.25x 0.35x
PEG - 0.1x 0x -0.6x 0.1x -0x
Capitalization / Revenue 2.62x 2.82x 3x 5x 1.87x 1.71x
EV / Revenue 1.31x 1.41x 0.81x -0.19x -4.51x -2.15x
EV / EBITDA - - - - - -
EV / EBIT - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Dividend per Share 2 0.38 0.38 - - - -
Rate of return 2.85% 3.16% - - - -
EPS 2 1.98 3.09 -0.85 -0.94 -0.35 0.19
Distribution rate 19.2% 12.3% - - - -
Net sales 1 2,719 2,354 1,359 722.9 823.6 1,244
EBITDA - - - - - -
EBIT - - - - - -
Net income 1 1,038 1,624 -429.9 -471.9 -179 101.4
Net Debt 1 -3,559 -3,309 -2,975 -3,757 -5,253 -4,806
Reference price 2 13.355 12.041 7.183 6.362 2.688 3.711
Nbr of stocks (in thousands) 532,953 550,365 568,398 568,398 572,198 573,348
Announcement Date 21/04/21 22/04/22 10/09/24 10/09/24 30/04/25 30/04/26
1CNY in Million2CNY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 221M
10.8x8.09x13.46x2.99% 50.93B
7.61x - - 1.37% 12.4B
19.13x3.25x10.36x1.98% 9.57B
21.18x - - 3.54% 6.29B
16.17x2.23x - 2.85% 5.41B
20.43x2.57x12.44x4.03% 4.8B
14.94x - - 8.5% 4.74B
22.86x1.92x8.81x0.66% 3.92B
Average 16.64x 3.61x 11.27x 3.24% 10.92B
Weighted average by Cap. 13.32x 6.37x 12.70x 2.94%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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