Company Valuation: CSPC Pharmaceutical Group Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 100,932 97,707 86,022 55,169 96,380 108,900 - -
Change - -3.19% -11.96% -35.87% 74.7% 12.99% - -
Enterprise Value (EV) 1 89,633 86,241 72,284 46,931 86,710 98,084 94,840 91,423
Change - -3.79% -16.18% -35.07% 84.76% 13.12% -3.31% -3.6%
P/E 14.7x 14.1x 13.5x 12.1x 21.8x 10.8x 16x 14.8x
PBR 3.17x 2.86x 2.39x 1.62x 2.56x 2.42x 2.28x 2.1x
PEG - 14.13x -1.73x -0.5x -9.88x 0x -0.5x 1.94x
Capitalization / Revenue 2.94x 2.77x 2.52x 1.78x 3.26x 2.82x 3.06x 2.87x
EV / Revenue 2.61x 2.44x 2.12x 1.51x 2.94x 2.54x 2.66x 2.41x
EV / EBITDA 9.5x 9.43x 8.39x 6.22x 12.1x 7.09x 10x 8.6x
EV / EBIT 10.7x 10.8x 9.77x 7.68x 15.6x 8.08x 12x 10.9x
EV / FCF 23.7x 14.1x 26.2x 17.5x 19.5x 12.5x 14.6x 13.6x
FCF Yield 4.22% 7.11% 3.82% 5.71% 5.12% 8.03% 6.83% 7.36%
Dividend per Share 2 0.18 0.21 0.28 0.26 0.29 0.4517 0.3622 0.386
Rate of return 2.13% 2.56% 3.86% 5.44% 3.44% 4.74% 3.8% 4.05%
EPS 2 0.5773 0.5831 0.5376 0.3946 0.3859 0.8859 0.5972 0.6428
Distribution rate 31.2% 36% 52.1% 65.9% 75.2% 51% 60.7% 60.1%
Net sales 1 34,309 35,292 34,175 31,046 29,533 38,624 35,629 37,936
EBITDA 1 9,431 9,148 8,615 7,547 7,168 13,833 9,450 10,627
EBIT 1 8,366 7,952 7,400 6,113 5,564 12,132 7,903 8,385
Net income 1 6,901 6,949 6,382 4,632 4,409 10,121 6,982 7,527
Net Debt 1 -11,298 -11,467 -13,738 -8,238 -9,670 -10,815 -14,060 -17,476
Reference price 2 8.470 8.200 7.260 4.780 8.430 9.525 9.525 9.525
Nbr of stocks (in thousands) 11,916,370 11,915,520 11,848,756 11,541,665 11,433,025 11,433,025 - -
Announcement Date 22/03/22 22/03/23 20/03/24 28/03/25 25/03/26 - - -
1HKD in Million2HKD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.62x2.51x7x4.8% 13.73B
35.12x12.73x25.81x0.56% 1,100B
30.38x - - 1.97% 658B
33.92x7.84x16.3x2.58% 470B
20.83x4.94x12.23x2.67% 372B
22.71x5.84x14.47x2.73% 304B
21.88x4.48x12.79x1.96% 264B
27.97x7.21x12.8x2.28% 239B
13.99x4.96x10.35x3.67% 213B
-45.46x6.56x25.6x2.22% 184B
Average 17.20x 6.34x 15.26x 2.54% 381.66B
Weighted average by Cap. 25.25x 8.39x 18.50x 1.9%

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

  1. Stock Market
  2. Stocks
  3. 1093 Stock
  4. Valuation CSPC Pharmaceutical Group Limited