Company Valuation: DaShenLin Pharmaceutical Group Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 51,603 33,307 37,585 28,359 17,151 22,082 22,082 -
Change - -35.46% 12.85% -24.55% -39.52% 28.75% 0% -
Enterprise Value (EV) 1 49,252 32,838 36,233 27,369 15,778 20,246 19,571 18,817
Change - -33.33% 10.34% -24.46% -42.35% 28.32% -3.33% -3.85%
P/E ratio 48.4x 42.1x 36.3x 24.2x 18.6x 18.8x 15.4x 13x
PBR 9.93x 6.3x 6.24x 4.16x 2.49x 2.91x 2.65x 2.38x
PEG - -1.6x 1.2x 1.8x -0.9x 0.7x 0.7x 0.7x
Capitalization / Revenue 3.54x 1.99x 1.77x 1.16x 0.65x 0.8x 0.72x 0.65x
EV / Revenue 3.38x 1.96x 1.71x 1.12x 0.6x 0.73x 0.63x 0.56x
EV / EBITDA 27.5x 13.6x 19.2x 12.9x 4.65x 6.19x 5.24x 4.34x
EV / EBIT 34x 31.6x 25.5x 16.8x 10.5x 10.8x 8.92x 7.22x
EV / FCF 42x 117x 13.1x 19.7x 9.51x 21.1x 11.2x 8.42x
FCF Yield 2.38% 0.86% 7.61% 5.09% 10.5% 4.74% 8.9% 11.9%
Dividend per Share 2 0.463 0.3472 0.5 0.31 0.31 0.581 0.6863 0.7765
Rate of return 1.02% 1.19% 1.52% 1.24% 2.06% 3% 3.54% 4%
EPS 2 0.9375 0.6944 0.9083 1.03 0.81 1.032 1.261 1.492
Distribution rate 49.4% 50% 55% 30.1% 38.3% 56.3% 54.4% 52.1%
Net sales 1 14,583 16,759 21,248 24,531 26,497 27,582 30,825 33,878
EBITDA 1 1,788 2,408 1,883 2,119 3,395 3,272 3,732 4,336
EBIT 1 1,448 1,041 1,421 1,632 1,501 1,872 2,195 2,604
Net income 1 1,062 791.2 1,036 1,166 914.8 1,180 1,435 1,696
Net Debt 1 -2,351 -469.2 -1,352 -989.8 -1,373 -1,836 -2,511 -3,266
Reference price 2 45.34 29.24 33.00 24.90 15.06 19.39 19.39 19.39
Nbr of stocks (in thousands) 1,138,102 1,138,968 1,138,947 1,138,902 1,138,848 1,138,848 1,138,848 -
Announcement Date 19/04/21 27/04/22 27/04/23 28/04/24 25/04/25 - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
18.95x0.74x6.24x2.97% 3.19B
33.41x1.93x31.15x-.--% 25.08B
36.98x2.17x31.92x-.--% 12.78B
18.15x0.82x8.43x1.84% 6.84B
21.12x1.37x9.66x3.06% 4.74B
17.7x1.16x8.24x2.29% 4.41B
16x1.41x8.44x5.39% 3.45B
50.2x - - - 2.19B
25.58x0.78x9.74x1.58% 1.96B
Average 26.45x 1.30x 14.23x 2.14% 7.18B
Weighted average by Cap. 29.21x 1.63x 22.37x 1.09%

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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