Valuation CATL (Contemporary Amperex Technology)

Equities

End-of-day quote Shenzhen S.E. Other stock markets 11/05/2026			5-day change	1st Jan Change
446.11 ^CNY	+2.08%		+2.32%	+21.47%

11:08am	JPMorgan Chase & Co's short position in H-shares of CATL decreases to 4.27% on May 5, HKEX says	RE
05-08	A lot of noise, little impact?

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	1,370,540	960,934	718,187	1,167,469	1,677,849	2,076,954	-	-
Change	-	-29.89%	-25.26%	62.56%	43.72%	23.79%	-	-
Enterprise Value (EV) ¹	1,335,114	869,816	578,757	999,696	1,461,187	1,796,606	1,737,426	1,678,427
Change	-	-34.85%	-33.46%	72.73%	46.16%	22.96%	-3.29%	-3.4%
P/E ratio	86x	30.5x	13.9x	23x	22.8x	21.8x	18.4x	15.4x
PBR	16.2x	5.84x	3.63x	4.74x	4.97x	5.05x	4.47x	3.65x
PEG	-	0.3x	0.2x	-13.61x	0.6x	0.8x	1x	0.8x
Capitalization / Revenue	10.5x	2.92x	1.79x	3.22x	3.96x	3.46x	2.99x	2.56x
EV / Revenue	10.2x	2.65x	1.44x	2.76x	3.45x	2.99x	2.5x	2.07x
EV / EBITDA	50.8x	17.4x	7.59x	11.3x	12.7x	13.2x	10.8x	8.56x
EV / EBIT	67.3x	23.6x	10.8x	15.6x	16.3x	17x	13.8x	11x
EV / FCF	-1,559x	66.9x	9.77x	15.2x	16x	13.8x	14.5x	10.8x
FCF Yield	-0.06%	1.49%	10.2%	6.59%	6.23%	7.26%	6.88%	9.27%
Dividend per Share ²	-	1.4	5.028	4.553	6.957	10.54	11.62	15.53
Rate of return	-	0.64%	3.08%	1.71%	1.89%	2.36%	2.6%	3.48%
EPS ²	3.8	7.155	11.78	11.58	16.14	20.43	24.22	28.97
Distribution rate	-	19.6%	42.7%	39.3%	43.1%	51.6%	48%	53.6%
Net sales ¹	130,356	328,594	400,917	362,013	423,702	599,911	695,022	810,148
EBITDA ¹	26,260	49,913	76,247	88,750	114,691	135,841	160,817	195,969
EBIT ¹	19,824	36,822	53,718	64,052	89,519	105,544	126,295	151,992
Net income ¹	15,931	30,729	44,121	50,745	72,201	92,865	111,579	133,120
Net Debt ¹	-35,426	-91,119	-139,431	-167,773	-216,662	-280,349	-339,529	-398,528
Reference price ²	326.67	218.57	163.26	266.00	367.26	446.11	446.11	446.11
Nbr of stocks (in thousands)	4,195,532	4,396,526	4,399,041	4,388,983	4,531,626	4,594,511	-	-
Announcement Date	21/04/22	09/03/23	15/03/24	14/03/25	09/03/26	-	-	-

¹CNY in Million²CNY

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
CATL (CONTEMPORARY AMPEREX TECHNOLOGY)	21.39x	2.93x	12.92x	2.41%	299B
LG ENERGY SOLUTION, LTD.	205.85x	4.53x	23.52x	-.--%	76.3B
SAMSUNG SDI CO., LTD.	199.67x	3.99x	27.51x	0.04%	36.17B
EVE ENERGY CO., LTD.	21.58x	1.72x	15.31x	1.11%	22.12B
ECOPRO BM CO., LTD.	652.7x	7.71x	108.04x	0.02%	15.8B
GOTION HIGH-TECH CO.,LTD.	38.64x	1.59x	12.1x	0.31%	9.92B
ENERSYS	26.5x	-	-	0.45%	8.47B
CALB GROUP CO., LTD.	37.79x	2.21x	16.91x	-.--%	7.49B
SUNWODA ELECTRONIC CO.,LTD	19.68x	0.73x	9.18x	1.12%	7.23B
GUANGZHOU GREAT POWER ENERGY AND TECHNOLOGY CO., LTD	33.4x	-	-	0.69%	6.29B
Average	125.72x	3.18x	28.19x	0.62%	48.92B
Weighted average by Cap.	84.57x	3.29x	19.01x	1.57%