Company Valuation: Perennial Energy Holdings Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2019 2020 2021 2022 2023 2024
Market Cap 1 3,032 13,459 2,125 1,005 1,234 1,413
Change - 343.87% -84.21% -52.7% 22.85% 14.49%
Enterprise Value (EV) 1 3,005 13,698 2,470 1,591 2,020 2,423
Change - 355.8% -81.97% -35.56% 26.92% 19.98%
P/E 13.9x 39x 7.04x 1.35x 2.45x 3.21x
PBR 2.51x 8.86x 1.2x 0.41x 0.44x 0.45x
PEG - 0.7x -0.6x 0x -0.1x -0.3x
Capitalization / Revenue 3.73x 9.6x 1.38x 0.56x 0.72x 0.83x
EV / Revenue 3.7x 9.77x 1.6x 0.89x 1.18x 1.42x
EV / EBITDA 8.86x 22.8x 2.92x 1.49x 2.32x 3.25x
EV / EBIT 10.6x 28.1x 3.39x 1.71x 2.85x 4.29x
EV / FCF -16.5x -67.6x -15.4x -6.84x -6.24x -146x
FCF Yield -6.05% -1.48% -6.48% -14.6% -16% -0.68%
Dividend per Share 2 0.0223 0.0316 0.0306 0.1106 0.0454 -
Rate of return 1.18% 0.38% 2.3% 17.6% 5.88% -
EPS 2 0.1363 0.2159 0.1886 0.465 0.3151 0.2751
Distribution rate 16.4% 14.6% 16.2% 23.8% 14.4% -
Net sales 1 812.1 1,403 1,541 1,784 1,716 1,706
EBITDA 1 339.2 601.8 845.2 1,067 869.9 746
EBIT 1 282.6 487 728.5 932.2 709.4 564.4
Net income 1 218 345.5 301.8 744 504.2 440.2
Net Debt 1 -26.86 239.1 345 586.5 785.2 1,010
Reference price 2 1.8951 8.4120 1.3279 0.6280 0.7716 0.8833
Nbr of stocks (in thousands) 1,600,000 1,600,000 1,600,000 1,600,000 1,600,000 1,600,000
Announcement Date 23/04/20 23/04/21 21/04/22 25/04/23 25/04/24 23/04/25
1CNY in Million2CNY
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.11x2.3x7.31x5.43% 150B
12.13x1.36x4.55x4.42% 37.89B
7.65x1.18x4.61x6.64% 27.11B
6.98x1.03x4.17x5.15% 26.61B
8.3x1.74x6.51x6.43% 26.05B
14.9x1.32x5.07x - 7.35B
Average 10.68x 1.49x 5.37x 5.61% 45.76B
Weighted average by Cap. 11.98x 1.86x 6.22x 5.48%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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