Company Valuation: Fuyao Glass Industry Group Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 114,381 114,341 87,822 95,821 156,887 153,362 153,362 -
Change - -0.03% -23.19% 9.11% 63.73% -2.25% 0% -
Enterprise Value (EV) 1 115,191 109,905 82,031 91,431 153,343 147,504 146,442 143,670
Change - -4.59% -25.36% 11.46% 67.71% -3.81% -0.72% -1.89%
P/E ratio 46.2x 38.3x 19.3x 17.3x 21.7x 16.1x 14.1x 12x
PBR 5.58x 4.6x 3.16x 3.1x 4.56x 3.9x 3.41x 2.99x
PEG - 2.1x 0.4x 0.9x 0.7x 0.6x 1x 0.7x
Capitalization / Revenue 5.75x 4.84x 3.13x 2.89x 4x 3.33x 2.89x 2.46x
EV / Revenue 5.79x 4.66x 2.92x 2.76x 3.91x 3.2x 2.76x 2.3x
EV / EBITDA 21.4x 17.5x 10.4x 9.97x 13.2x 11.2x 9.4x 8x
EV / EBIT 35.3x 29.2x 14.5x 13.5x 16.9x 14.1x 11.6x 9.77x
EV / FCF 32.6x 31.5x 28.8x 28.2x 46.2x 32.5x 21.9x 15.3x
FCF Yield 3.07% 3.17% 3.47% 3.55% 2.16% 3.08% 4.58% 6.56%
Dividend per Share 2 0.75 1 1.25 1.3 1.8 2.306 2.681 3.107
Rate of return 1.56% 2.12% 3.56% 3.48% 2.88% 3.88% 4.52% 5.23%
EPS 2 1.04 1.23 1.82 2.16 2.87 3.7 4.202 4.965
Distribution rate 72.1% 81.3% 68.7% 60.2% 62.7% 62.3% 63.8% 62.6%
Net sales 1 19,907 23,603 28,099 33,161 39,252 46,068 53,079 62,464
EBITDA 1 5,390 6,278 7,884 9,172 11,634 13,188 15,574 17,948
EBIT 1 3,267 3,762 5,661 6,791 9,075 10,489 12,602 14,710
Net income 1 2,601 3,146 4,756 5,629 7,498 9,520 10,971 12,958
Net Debt 1 810.2 -4,436 -5,791 -4,389 -3,544 -5,857 -6,920 -9,692
Reference price 2 48.05 47.14 35.07 37.39 62.40 59.38 59.38 59.38
Nbr of stocks (in thousands) 2,508,618 2,609,744 2,609,744 2,609,744 2,609,744 2,609,744 2,609,744 -
Announcement Date 29/03/21 17/03/22 16/03/23 15/03/24 18/03/25 - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.05x3.2x11.16x3.88% 22.2B
23.03x1.45x12.17x1.44% 43.84B
13.51x0.79x6.04x2.9% 39.34B
19.02x0.83x6.47x2.95% 33.35B
9.91x0.61x8.16x1.52% 26.51B
41.82x4.16x24.37x0.68% 18.11B
14.02x1.07x6.67x-.--% 18.13B
-49.71x1.01x7.66x3.49% 17.53B
13.74x0.56x6.05x2.82% 19.24B
33.44x1.19x13.1x0.62% 15.29B
Average 13.48x 1.49x 10.19x 2.03% 25.35B
Weighted average by Cap. 14.64x 1.38x 9.72x 2.13%

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

  1. Stock Market
  2. Equities
  3. 600660 Stock
  4. Valuation Fuyao Glass Industry Group Co., Ltd.