Company Valuation: China Resources Pharmaceutical Group Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 22,303 39,705 32,229 35,810 27,957 30,533 - -
Change - 78.03% -18.83% 11.11% -21.93% 9.21% - -
Enterprise Value (EV) 1 61,337 73,426 71,468 90,725 90,801 84,600 79,174 63,705
Change - 19.71% -2.67% 26.95% 0.08% -6.83% -6.41% -19.54%
P/E 5.92x 9.58x 7.76x 10x 6.12x 6.16x 5.77x 5.35x
PBR 0.44x 0.8x 0.32x 0.34x 0.48x 0.48x 0.44x 0.38x
PEG - 1x 44.15x -0.7x 0.2x 0.72x 0.84x 0.68x
Capitalization / Revenue 0.09x 0.16x 0.12x 0.13x 0.09x 0.09x 0.09x 0.08x
EV / Revenue 0.26x 0.29x 0.27x 0.33x 0.3x 0.26x 0.23x 0.18x
EV / EBITDA 4.83x 4.38x 4.65x 5.47x 4.73x 4.08x 3.69x 3.04x
EV / EBIT 6.22x 5.39x 5.98x 6.98x 6.23x 5.08x 4.45x 3.35x
EV / FCF 5.88x 7.47x 5.49x 5.73x 4.37x 49.3x 12.9x 7.45x
FCF Yield 17% 13.4% 18.2% 17.5% 22.9% 2.03% 7.74% 13.4%
Dividend per Share 2 0.15 0.16 0.1669 0.1445 0.2203 0.207 0.2257 0.2855
Rate of return 4.23% 2.53% 3.25% 2.54% 4.95% 4.26% 4.64% 5.87%
EPS 2 0.6 0.66 0.6612 0.5677 0.7268 0.7888 0.8429 0.9092
Distribution rate 25% 24.2% 25.2% 25.5% 30.3% 26.2% 26.8% 31.4%
Net sales 1 236,806 254,106 265,229 275,999 306,131 326,592 343,358 363,235
EBITDA 1 12,690 16,775 15,382 16,601 19,202 20,745 21,433 20,955
EBIT 1 9,868 13,623 11,952 13,005 14,567 16,667 17,783 19,040
Net income 1 3,769 4,147 4,178 3,589 4,594 4,854 5,252 5,706
Net Debt 1 39,035 33,720 39,238 54,915 62,844 54,067 48,641 33,172
Reference price 2 3.550 6.320 5.130 5.700 4.450 4.860 4.860 4.860
Nbr of stocks (in thousands) 6,282,510 6,282,510 6,282,510 6,282,510 6,282,510 6,282,510 - -
Announcement Date 29/03/22 30/03/23 26/03/24 26/03/25 24/03/26 - - -
1HKD in Million2HKD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
6.17x0.26x4.08x4.25% 3.89B
34.19x11.9x25x0.6% 995B
27.59x6.24x17.41x2.11% 614B
33.42x7.23x14.91x2.82% 431B
19.84x4.71x11.66x2.81% 353B
21.78x5.64x14.07x2.85% 293B
19.76x4.1x11.62x2.15% 245B
13.29x4.98x10.27x3.76% 210B
24.88x6.52x11.5x2.66% 210B
-47.26x5.67x31.29x2.51% 168B
Average 15.37x 5.73x 15.18x 2.65% 352.21B
Weighted average by Cap. 23.76x 7.52x 17.86x 2.06%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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