Company Valuation: Beijing VRV Software Corporation Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2019 2020 2021 2022 2023 2024
Capitalization 1 10,569 8,076 8,844 5,915 6,887 7,655
Change - -23.59% 9.52% -33.11% 16.42% 11.16%
Enterprise Value (EV) 1 10,074 7,675 8,663 5,871 6,886 7,802
Change - -23.82% 12.88% -32.23% 17.28% 13.31%
P/E ratio 473x 313x -20.1x -31.5x 1,056x -52.9x
PBR 4.7x 3.69x 5.09x 3.82x 4.46x 5.47x
PEG - 20.1x 0x 0.5x -10x 0x
Capitalization / Revenue 14.6x 12.6x 13.1x 10.9x 10.1x 14.8x
EV / Revenue 14x 12x 12.8x 10.8x 10.1x 15.1x
EV / EBITDA 415x 292x -17.5x -26.4x 299x -62.7x
EV / EBIT 1,216x 755x -16.9x -24.7x 838x -50.2x
EV / FCF -59.4x -155x 145x -150x -164x -83.6x
FCF Yield -1.68% -0.65% 0.69% -0.67% -0.61% -1.2%
Dividend per Share 2 0.003 0.004 - - - -
Rate of return 0.04% 0.07% - - - -
EPS 2 0.0154 0.0178 -0.3033 -0.1294 0.0045 -0.0999
Distribution rate 19.5% 22.5% - - - -
Net sales 1 722 640.8 675.2 542.9 682.7 516.7
EBITDA 1 24.28 26.29 -494.1 -222.1 23.02 -124.4
EBIT 1 8.286 10.17 -512.1 -237.6 8.219 -155.4
Net income 1 22.38 25.74 -439.7 -187.6 6.586 -144.8
Net Debt 1 -494.8 -401 -181 -44.28 -1.056 147.3
Reference price 2 7.290 5.570 6.100 4.080 4.750 5.280
Nbr of stocks (in thousands) 1,449,824 1,449,824 1,449,824 1,449,824 1,449,824 1,449,824
Announcement Date 29/04/20 29/04/21 13/04/22 17/04/23 12/04/24 20/04/25
1CNY in Million2CNY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 1.12B
32.28x16.57x23.61x0.69% 650B
34.94x15.98x25.99x0.57% 500B
65.35x4.74x39.45x0.9% 2.67B
56.32x - - 0.36% 1.34B
13.02x0.25x5.07x0.65% 421M
5.02x0.43x3.58x4.06% 237M
Average 34.49x 7.59x 19.54x 1.2% 165.03B
Weighted average by Cap. 33.52x 16.28x 24.67x 0.64%
See all sector valuations

Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

  1. Stock Market
  2. Equities
  3. 300352 Stock
  4. Valuation Beijing VRV Software Corporation Limited