Company Valuation: Alpha Group

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 8,265 9,360 6,891 12,939 12,791 13,086
Change - 13.25% -26.38% 87.77% -1.14% 2.31%
Enterprise Value (EV) 1 9,159 10,056 7,362 13,340 12,942 13,181
Change - 9.79% -26.79% 81.21% -2.99% 1.85%
P/E -18.5x -21.1x -38.8x 146x -45.5x 177x
PBR 2.57x 2.89x 2.11x 3.89x 4.26x 4.42x
PEG - 2.32x 0.6x -1x 0x -1x
Capitalization / Revenue 3.49x 3.54x 2.59x 4.72x 4.71x 5.29x
EV / Revenue 3.87x 3.8x 2.77x 4.87x 4.77x 5.33x
EV / EBITDA -69.6x -31.8x -69x 94x 86.9x 93.8x
EV / EBIT -42.9x -26.3x -47.9x 138x 117x 122x
EV / FCF 112x -32.7x 26.1x 297x 114x 113x
FCF Yield 0.89% -3.06% 3.84% 0.34% 0.87% 0.88%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.33 -0.3 -0.12 0.06 -0.19 0.05
Distribution rate - - - - - -
Net sales 1 2,368 2,644 2,657 2,739 2,715 2,473
EBITDA 1 -131.6 -316.1 -106.7 141.9 149 140.5
EBIT 1 -213.7 -383 -153.8 96.7 110.2 107.6
Net income 1 -450.3 -417.1 -171.6 93.64 -285.3 71.87
Net Debt 1 894.3 695.8 470.9 401.5 151 94.45
Reference price 2 6.090 6.330 4.660 8.750 8.650 8.850
Nbr of stocks (in thousands) 1,357,160 1,478,700 1,478,700 1,478,700 1,478,700 1,478,700
Announcement Date 26/04/21 29/04/22 28/04/23 29/04/24 28/04/25 27/04/26
1CNY in Million2CNY
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 2.07B
21.85x3.28x16.31x2.7% 60.08B
24.15x2.33x12.81x1.79% 24.16B
16.57x3.12x10.64x2.93% 13.46B
27.86x7.78x17.03x3.14% 7.29B
17.26x8.65x14.29x5.22% 7.1B
10.42x1.14x7.57x-.--% 4.76B
20.4x2.09x11.4x1.45% 4.01B
19.34x1.07x8.9x1.75% 2.34B
16.6x2.92x10.15x1.27% 2.08B
Average 19.38x 3.60x 12.12x 2.25% 12.73B
Weighted average by Cap. 21.20x 3.48x 14.22x 2.53%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Alpha Group

Historical PBR trend

Valuation ratios - PBR - Alpha Group

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Alpha Group

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Alpha Group