Company Valuation: Minth Group Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 32,501 21,736 16,644 16,364 33,371 23,560 - -
Change - -33.12% -23.43% -1.68% 103.93% -29.4% - -
Enterprise Value (EV) 1 34,152 25,714 22,167 22,343 38,573 27,714 26,565 25,690
Change - -24.71% -13.79% 0.79% 72.64% -28.15% -4.15% -3.29%
P/E 21.7x 14.3x 8.66x 7.04x 12.3x 7.69x 6.6x 5.72x
PBR 2.02x 1.27x 0.91x 0.8x 1.39x 0.91x 0.82x 0.74x
PEG - 15.4x 0.3x 0.3x 0.8x 0.6x 0.4x 0.4x
Capitalization / Revenue 2.33x 1.26x 0.81x 0.71x 1.3x 0.81x 0.7x 0.61x
EV / Revenue 2.45x 1.49x 1.08x 0.97x 1.5x 0.95x 0.79x 0.66x
EV / EBITDA 11.3x 9.88x 6.51x 5.42x 7.97x 4.98x 4.26x 3.72x
EV / EBIT 16.3x 17.7x 11.2x 8.72x 12.4x 7.32x 6.07x 5.16x
EV / FCF -18.6x -16.5x 170x 16.4x 14.3x 11.2x 9.92x 7.36x
FCF Yield -5.38% -6.06% 0.59% 6.1% 7.01% 8.92% 10.1% 13.6%
Dividend per Share 2 0.5124 0.5067 - 0.4059 0.6659 0.8804 1.065 1.161
Rate of return 1.83% 2.71% - 2.86% 2.34% 4.38% 5.3% 5.77%
EPS 2 1.292 1.304 1.654 2.019 2.324 2.615 3.048 3.518
Distribution rate 39.7% 38.9% - 20.1% 28.7% 33.7% 34.9% 33%
Net sales 1 13,919 17,306 20,524 23,147 25,737 29,110 33,683 38,855
EBITDA 1 3,012 2,604 3,408 4,121 4,842 5,569 6,233 6,900
EBIT 1 2,089 1,451 1,984 2,563 3,118 3,786 4,377 4,979
Net income 1 1,497 1,501 1,903 2,319 2,692 3,049 3,575 4,135
Net Debt 1 1,652 3,978 5,523 5,978 5,201 4,154 3,005 2,130
Reference price 2 27.98 18.71 14.32 14.21 28.50 20.11 20.11 20.11
Nbr of stocks (in thousands) 1,161,400 1,161,836 1,161,994 1,151,750 1,170,747 1,171,413 - -
Announcement Date 22/03/22 21/03/23 26/03/24 24/03/25 23/03/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.51x0.93x4.88x4.48% 3.43B
11.94x0.46x2.84x3.32% 2.8B
53.33x - - 0.21% 2.55B
7.98x0.3x3.07x4.48% 1.93B
13.26x0.78x5.96x3.87% 1.12B
4.67x0.72x4.43x10.5% 964M
Average 16.45x 0.64x 4.23x 4.48% 2.13B
Weighted average by Cap. 17.98x 0.65x 4.06x 3.77%

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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