Company Valuation: iRay Group

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 36,049 33,284 33,157 13,656 21,355 23,715 - -
Change - -7.67% -0.38% -58.82% 56.38% 11.05% - -
Enterprise Value (EV) 1 36,049 31,900 33,258 15,010 22,316 25,098 24,869 24,034
Change - -11.51% 4.26% -54.87% 48.67% 12.47% -0.91% -3.36%
P/E 74.7x 52x 56.6x 30.5x 32.7x 28x 21.7x 17.8x
PBR 11.8x 9.19x 8.14x 2.95x 3.45x 3.26x 2.89x 2.54x
PEG - 1.6x -6.56x -1.3x 0.9x 1.2x 0.8x 0.8x
Capitalization / Revenue 30.4x 21.5x 17.8x 7.46x 9.49x 6.72x 5.24x 4.31x
EV / Revenue 30.4x 20.6x 17.8x 8.2x 9.91x 7.11x 5.49x 4.37x
EV / EBITDA 61.7x 43.1x 45.4x 26.1x 25.6x 21.2x 16.8x 13.7x
EV / EBIT 65.6x 45x 48.7x 29.6x 32.7x 28.3x 22x 17.5x
EV / FCF 640x -79.6x -22x -13.9x -58.6x -34.1x 21.2x 12.6x
FCF Yield 0.16% -1.26% -4.54% -7.2% -1.71% -2.94% 4.71% 7.91%
Dividend per Share 2 0.5727 0.7549 0.7289 0.5102 0.7143 1.183 1.376 1.544
Rate of return 0.44% 0.63% 0.61% 1.05% 0.99% 1.56% 1.82% 2.04%
EPS 2 1.731 2.293 2.095 1.597 2.207 2.703 3.482 4.245
Distribution rate 33.1% 32.9% 34.8% 31.9% 32.4% 43.8% 39.5% 36.4%
Net sales 1 1,187 1,549 1,864 1,831 2,251 3,529 4,526 5,502
EBITDA 1 584 739.9 732.7 576.2 870.5 1,183 1,481 1,752
EBIT 1 549.3 708.7 683.6 507.2 683.3 887.4 1,131 1,371
Net income 1 482.5 641.3 607.5 465.2 650 820.3 1,047 1,273
Net Debt 1 - -1,384 100.7 1,354 960.7 1,383 1,154 318.9
Reference price 2 129.35 119.19 118.53 48.76 72.22 75.70 75.70 75.70
Nbr of stocks (in thousands) 278,700 279,252 279,727 280,062 295,688 313,278 - -
Announcement Date 24/02/22 23/02/23 19/04/24 25/04/25 30/03/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
27.02x6.88x20.51x1.62% 3.42B
34.27x5.99x22.93x0.27% 255B
38.97x6.89x21.81x0.63% 161B
45.34x12.27x27.06x-.--% 151B
16.68x3.34x10.9x-.--% 64.33B
20.33x2.44x12.33x2.49% 51.9B
47.52x11.7x25.8x-.--% 50.25B
34.83x6.84x21.72x-.--% 49.92B
33.7x6.66x22.63x0.59% 48.77B
76.49x7.3x22.21x-.--% 42.93B
Average 37.52x 7.03x 20.79x 0.56% 87.84B
Weighted average by Cap. 37.71x 7.31x 21.96x 0.38%

Y-o-Y evolution of P/E

Valuation ratios - P/E - iRay Group

Historical PBR trend

Valuation ratios - PBR - iRay Group

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - iRay Group

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - iRay Group


Year-on-year evolution of the Yield

Valuation ratios - Yield - iRay Group