Company Valuation: XD Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 15,189 9,018 4,370 11,406 28,218 16,066 - -
Change - -40.63% -51.54% 160.99% 147.4% -43.06% - -
Enterprise Value (EV) 1 13,054 6,195 1,367 8,784 24,651 11,789 9,710 7,798
Change - -52.54% -77.94% 542.71% 180.64% -52.17% -17.64% -19.7%
P/E -17.3x -16.3x -51.4x 14x 19x 10.9x 8.85x 7.72x
PBR 6.49x 4.78x 2.56x 4.46x 7.64x 3.43x 2.54x 2.06x
PEG - 0.4x 0.6x -0x 0.2x 6.77x 0.4x 0.5x
Capitalization / Revenue 5.62x 2.63x 1.29x 2.28x 4.9x 2.48x 2.22x 2.06x
EV / Revenue 4.83x 1.81x 0.4x 1.75x 4.28x 1.82x 1.34x 1x
EV / EBITDA -17x -17.5x 8.63x 8.31x 13.8x 6.21x 4.27x 3.01x
EV / EBIT -13.7x -10.9x -262x 9.6x 14.7x 6.97x 4.75x 3.35x
EV / FCF -23x -17x 5.88x 6.99x 17.7x 6.46x 5.73x 3.73x
FCF Yield -4.34% -5.89% 17% 14.3% 5.65% 15.5% 17.4% 26.8%
Dividend per Share 2 - - - 0.3735 - - - -
Rate of return - - - 1.58% - - - -
EPS 2 -1.86 -1.17 -0.18 1.69 3.07 3.119 3.847 4.413
Distribution rate - - - 22.1% - - - -
Net sales 1 2,703 3,431 3,389 5,012 5,764 6,474 7,247 7,806
EBITDA 1 -768.2 -353 158.4 1,056 1,788 1,897 2,274 2,587
EBIT 1 -955.5 -567.9 -5.222 914.8 1,680 1,690 2,045 2,326
Net income 1 -863.8 -553.5 -83.04 811.5 1,535 1,457 1,843 2,076
Net Debt 1 -2,135 -2,823 -3,004 -2,622 -3,567 -4,277 -6,356 -8,269
Reference price 2 32.18 19.11 9.26 23.63 58.28 34.05 34.05 34.05
Nbr of stocks (in thousands) 471,993 471,993 472,016 482,612 484,209 471,770 - -
Announcement Date 30/03/22 30/03/23 28/03/24 28/03/25 27/03/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.92x1.82x6.21x-.--% 2.39B
21.92x3.83x13.69x14.58% 15.85B
25.81x2.51x11.92x1.72% 6.82B
9.75x1.26x3.7x1.14% 6.3B
13.29x2.29x10.95x5.42% 5.7B
12.65x3x7.84x5.91% 3.68B
15.47x5.33x12.67x3.25% 3.59B
9.47x0.99x4.46x1.39% 3.02B
16.84x2.01x9.82x4.97% 2.94B
31.69x - - -.--% 2.06B
Average 16.78x 2.56x 9.03x 3.84% 5.24B
Weighted average by Cap. 17.81x 2.83x 10.25x 6.36%

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