Company Valuation: Fujian Sunner Development Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 30,077 29,465 21,362 18,004 20,561 21,829 - -
Change - -2.04% -27.5% -15.72% 14.2% 6.17% - -
Enterprise Value (EV) 1 33,169 33,824 28,131 22,556 25,246 26,147 24,859 24,955
Change - 1.97% -16.83% -19.82% 11.93% 3.57% -4.93% 0.39%
P/E ratio 66.9x 71.3x 32x 24.6x 14.8x 19x 13.9x 11.2x
PBR 3.03x 2.97x 2.07x 1.72x 1.83x 1.84x 1.69x 1.55x
PEG - -8.79x 0.5x 2.6x 0.2x -1.1x 0.4x 0.5x
Capitalization / Revenue 2.08x 1.75x 1.16x 0.97x 1.02x 0.99x 0.9x 0.81x
EV / Revenue 2.29x 2.01x 1.52x 1.21x 1.26x 1.18x 1.02x 0.92x
EV / EBITDA 21x 20.2x 13.6x 9.81x 8.42x 9.32x 7.62x 6.24x
EV / EBIT 63.2x 69.3x 37x 28.1x 16.8x 20.3x 13.9x 11.6x
EV / FCF - - 33.6x 14.8x 11.4x 16.5x 10.4x 8.72x
FCF Yield - - 2.98% 6.77% 8.75% 6.05% 9.65% 11.5%
Dividend per Share 2 0.3 0.2 0.3 0.2 0.2 0.4277 0.3961 0.4567
Rate of return 1.24% 0.84% 1.75% 1.38% 1.21% 2.44% 2.26% 2.6%
EPS 2 0.3614 0.3321 0.5368 0.5875 1.12 0.9225 1.26 1.573
Distribution rate 83% 60.2% 55.9% 34% 17.9% 46.4% 31.4% 29%
Net sales 1 14,478 16,817 18,487 18,586 20,094 22,104 24,298 27,029
EBITDA 1 1,576 1,677 2,067 2,300 3,000 2,805 3,262 3,997
EBIT 1 524.7 488 759.4 802.5 1,502 1,290 1,794 2,152
Net income 1 448.2 410.9 664.3 724.3 1,380 1,145 1,565 1,956
Net Debt 1 3,092 4,359 6,770 4,552 4,685 4,318 3,030 3,126
Reference price 2 24.17 23.69 17.18 14.48 16.54 17.56 17.56 17.56
Nbr of stocks (in thousands) 1,244,406 1,243,753 1,243,400 1,243,400 1,243,112 1,243,112 - -
Announcement Date 20/04/22 28/03/23 27/03/24 11/04/25 12/04/26 - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
19.02x1.18x9.32x2.44% 3.2B
20.7x0.54x8.57x3.06% 23.3B
9.14x0.5x4.26x6.39% 15.1B
8.74x0.33x5.28x7.39% 13.38B
16.61x1.52x11.06x5.42% 13.37B
13.68x1.08x9.78x5.74% 11.23B
9.68x0.68x6.1x4.08% 10.26B
8.27x0.49x5.42x10.72% 6.76B
23.13x0.4x5.29x0.26% 4.57B
13.48x0.51x6.01x1.49% 4.51B
Average 14.25x 0.72x 7.11x 4.7% 10.57B
Weighted average by Cap. 14.15x 0.71x 7.31x 5.05%

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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