Company Valuation: China Tianbao Group Development Company Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 2,229 2,598 225.5 150.6 174.2 160.9
Change - 16.57% -91.32% -33.22% 15.64% -7.6%
Enterprise Value (EV) 1 2,498 3,079 829.7 945 1,256 1,312
Change - 23.25% -73.05% 13.89% 32.88% 4.48%
P/E 6.6x 60.6x -0.65x 13.7x -1.05x -1.3x
PBR 1.69x 1.93x 0.23x 0.15x 0.2x 0.21x
PEG - -0.7x 0x -0x 0x 0x
Capitalization / Revenue 0.66x 0.9x 0.12x 0.06x 0.09x 0.09x
EV / Revenue 0.74x 1.06x 0.43x 0.35x 0.62x 0.77x
EV / EBITDA 4.61x 21.8x -7.75x 7.21x -19.6x -22.7x
EV / EBIT 4.67x 23.2x -7.18x 7.59x -18x -19.5x
EV / FCF 16.2x -17.9x 72.8x 1.18x -7.01x -24.3x
FCF Yield 6.17% -5.57% 1.37% 84.6% -14.3% -4.12%
Dividend per Share 2 0.0421 - - - - -
Rate of return 1.53% - - - - -
EPS 2 0.4175 0.0529 -0.4297 0.0136 -0.2045 -0.1415
Distribution rate 10.1% - - - - -
Net sales 1 3,369 2,900 1,924 2,717 2,036 1,697
EBITDA 1 541.4 140.9 -107.1 131 -64.15 -57.72
EBIT 1 534.9 132.7 -115.6 124.5 -69.76 -67.2
Net income 1 331.7 41.81 -347.3 10.99 -165.6 -123.9
Net Debt 1 269 480.3 604.2 794.4 1,081 1,151
Reference price 2 2.7535 3.2098 0.2786 0.1861 0.2152 0.1833
Nbr of stocks (in thousands) 809,456 809,456 809,456 809,456 809,456 877,936
Announcement Date 22/04/21 25/04/22 25/04/23 23/04/24 23/04/25 27/04/26
1CNY in Million2CNY
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 13.33M
42.09x2.07x19.46x0.08% 81.5B
12.37x1.05x5.8x4.71% 68.95B
27.42x2.08x20.98x1.08% 60.28B
54.67x4.3x26.89x1.8% 42.44B
20.08x2.41x13.41x0.33% 35.54B
25.22x0.63x10.34x2.46% 30.67B
5.94x0.37x7.08x4.76% 29.14B
17.65x1.22x11.04x0.25% 26.64B
20.68x0.39x6.14x2.94% 25.8B
Average 25.13x 1.61x 13.46x 2.04% 40.1B
Weighted average by Cap. 27.24x 1.76x 14.58x 1.95%

Y-o-Y evolution of P/E

Valuation ratios - P/E - China Tianbao Group Development Company Limited

Historical PBR trend

Valuation ratios - PBR - China Tianbao Group Development Company Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - China Tianbao Group Development Company Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - China Tianbao Group Development Company Limited

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