Company Valuation: Beijing New Building Materials Public Limited Company

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 60,535 43,724 39,467 51,209 42,505 37,347 - -
Change - -27.77% -9.74% 29.75% -17% -12.13% - -
Enterprise Value (EV) 1 63,316 44,943 41,702 51,958 41,648 33,831 33,098 31,202
Change - -29.02% -7.21% 24.59% -19.84% -18.77% -2.17% -5.73%
P/E ratio 17.2x 13.9x 11.2x 14x 14.5x 10.3x 8.58x 7.91x
PBR 3.2x 2.09x 1.69x 1.99x 1.56x 1.26x 1.17x 1.08x
PEG - -1.3x 0.9x 4x -0.7x 0.4x 0.4x 0.94x
Capitalization / Revenue 2.87x 2.19x 1.76x 1.98x 1.68x 1.35x 1.25x 1.16x
EV / Revenue 3x 2.25x 1.86x 2.01x 1.65x 1.22x 1.1x 0.97x
EV / EBITDA 14.1x 10.9x 8.81x 10.3x 9.57x 6.57x 5.58x 4.8x
EV / EBIT 16.8x 13.6x 10.7x 13.1x 12.8x 8.71x 7.15x 5.91x
EV / FCF 28.7x 16.3x 11.2x 12.3x 13.6x 14.2x 11.5x 9.21x
FCF Yield 3.49% 6.12% 8.92% 8.14% 7.35% 7.02% 8.7% 10.9%
Dividend per Share 2 0.655 0.655 0.835 0.865 0.685 0.8829 1.027 1.108
Rate of return 1.83% 2.53% 3.57% 2.85% 2.74% 4.02% 4.68% 5.05%
EPS 2 2.078 1.856 2.086 2.159 1.717 2.133 2.557 2.773
Distribution rate 31.5% 35.3% 40% 40.1% 39.9% 41.4% 40.2% 39.9%
Net sales 1 21,086 19,934 22,426 25,821 25,280 27,671 29,954 32,228
EBITDA 1 4,484 4,107 4,735 5,026 4,354 5,151 5,931 6,503
EBIT 1 3,769 3,311 3,880 3,974 3,263 3,886 4,630 5,281
Net income 1 3,510 3,136 3,524 3,647 2,906 3,597 4,152 4,703
Net Debt 1 2,780 1,218 2,235 748.5 -857.1 -3,516 -4,249 -6,145
Reference price 2 35.83 25.88 23.36 30.31 24.97 21.94 21.94 21.94
Nbr of stocks (in thousands) 1,689,508 1,689,508 1,689,508 1,689,508 1,702,236 1,702,236 - -
Announcement Date 22/03/22 21/03/23 19/03/24 26/03/25 25/03/26 - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.29x1.22x6.57x4.02% 5.51B
12.67x1.01x6.52x3.07% 43.49B
21.34x2.71x13.33x2.07% 38.43B
16.48x2.1x11.06x1.82% 13.77B
18.49x3.14x12.71x1.33% 13.97B
-34.83x1.31x14.95x-.--% 11.43B
19.72x0.93x6.02x2.71% 10.25B
40.61x1.74x14.78x1.25% 8.21B
34.13x0.82x9.9x-.--% 7.92B
32.25x4.36x16.14x0.96% 7.9B
Average 17.12x 1.94x 11.20x 1.72% 16.09B
Weighted average by Cap. 16.01x 1.91x 10.70x 2.02%

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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