Company Valuation: Tongfu Microelectronics Co.,Ltd

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 25,708 21,805 34,928 44,845 57,213 89,386 - -
Change - -15.18% 60.18% 28.39% 27.58% 56.23% - -
Enterprise Value (EV) 1 30,824 29,785 44,468 55,243 70,571 101,553 98,251 94,720
Change - -3.37% 49.3% 24.23% 27.75% 43.9% -3.25% -3.59%
P/E 27x 44.5x 210x 65.7x 47.1x 56.2x 47.3x 39.5x
PBR 2.48x 1.8x 2.52x 3.05x 3.69x 5.03x 4.71x 4.23x
PEG - -0.9x -3x 0x 0.6x 1.8x 2.5x 2x
Capitalization / Revenue 1.63x 1.02x 1.57x 1.88x 2.05x 2.72x 2.37x 2.1x
EV / Revenue 1.95x 1.39x 2x 2.31x 2.53x 3.09x 2.61x 2.22x
EV / EBITDA 10.4x 8.67x 11.8x 12.1x 13.5x 15x 13.3x 11.6x
EV / EBIT 32.6x 63.2x 183x 52.6x 40.4x 48.4x 38.6x 31.7x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 - 0.097 0.012 0.045 0.081 0.0807 0.1332 0.1281
Rate of return - 0.59% 0.05% 0.15% 0.21% 0.14% 0.23% 0.22%
EPS 2 0.72 0.37 0.11 0.45 0.8 1.048 1.244 1.492
Distribution rate - 26.2% 10.9% 10% 10.1% 7.7% 10.7% 8.58%
Net sales 1 15,812 21,429 22,269 23,882 27,921 32,881 37,667 42,614
EBITDA 1 2,969 3,437 3,783 4,549 5,242 6,755 7,393 8,151
EBIT 1 945.6 471.3 243 1,049 1,748 2,099 2,545 2,985
Net income 1 953.6 502 169.4 677.6 1,219 1,570 1,916 2,244
Net Debt 1 5,116 7,980 9,540 10,398 13,357 12,167 8,864 5,333
Reference price 2 19.43 16.48 23.12 29.55 37.70 58.90 58.90 58.90
Nbr of stocks (in thousands) 1,323,117 1,323,117 1,510,714 1,517,597 1,517,597 1,517,597 - -
Announcement Date 10/03/22 29/03/23 12/04/24 11/04/25 16/04/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
58.22x3.19x15.51x0.13% 13.8B
34.93x13.68x28.39x0.51% 245B
36.5x13.65x26.51x0.26% 156B
44.87x11.95x33.7x0.13% 62.28B
44.04x17.52x34.42x1.6% 32.1B
82.84x23.22x71.21x0.14% 24.6B
34.59x9.29x18.16x1.85% 12.56B
78.81x41.62x90.04x0.37% 11.9B
54.94x3.34x18.01x0.27% 8.71B
61.48x12.66x47.44x1.06% 6.71B
Average 53.12x 15.01x 38.34x 0.63% 57.43B
Weighted average by Cap. 41.07x 14.17x 31.43x 0.47%

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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