Company Valuation: Hangzhou SF Intra-city Industrial Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 12,487 6,193 8,754 7,981 10,222 10,222 -
Change - -50.41% 41.36% -8.83% 28.07% 0% -
Enterprise Value (EV) 1 9,656 4,172 6,360 6,612 8,417 7,699 7,102
Change - -56.8% 52.44% 3.96% 27.3% -8.53% -7.76%
P/E ratio -10.5x -21.4x 188x 58.2x 42.8x 19.5x 13.1x
PBR 3.77x 2.05x 3.01x 2.69x 3.15x 2.7x 2.22x
PEG 0.5x 0.3x -2x 0x 0.6x 0x 0.3x
Capitalization / Revenue 1.53x 0.6x 0.71x 0.51x 0.46x 0.37x 0.3x
EV / Revenue 1.18x 0.41x 0.51x 0.42x 0.38x 0.28x 0.21x
EV / EBITDA -11.5x -14.2x 140x 36.9x 25.6x 12.4x 7.76x
EV / EBIT -10.1x -10.6x -235x 56.4x 29.9x 14.5x 8.55x
EV / FCF - - 32.2x 29.5x -83.1x 11.2x 15.6x
FCF Yield - - 3.1% 3.39% -1.2% 8.92% 6.42%
Dividend per Share 2 - - - - - - -
Rate of return - - - - - - -
EPS 2 -1.28 -0.31 0.05 0.15 0.2611 0.5721 0.8506
Distribution rate - - - - - - -
Net sales 1 8,174 10,265 12,387 15,746 22,371 27,766 33,581
EBITDA 1 -841.6 -293.8 45.29 179.3 328.2 618.9 915
EBIT 1 -954.1 -394.3 -27.01 117.3 281.2 530.2 830.4
Net income 1 -898.9 -286.9 50.6 132.5 239.5 507.5 780.6
Net Debt 1 -2,831 -2,021 -2,395 -1,370 -1,805 -2,523 -3,120
Reference price 2 13.38 6.63 9.42 8.73 11.18 11.18 11.18
Nbr of stocks (in thousands) 933,458 933,458 929,105 914,255 914,255 914,255 -
Announcement Date 30/03/22 28/03/23 26/03/24 28/03/25 - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
42.82x0.38x25.65x-.--% 1.48B
12.53x8.66x27.62x5.59% 32.35B
17.11x0.56x5.34x2.84% 26.96B
14.49x2.1x7.45x2.99% 17.41B
15.81x0.82x7.92x1.97% 9.62B
16.33x0.47x6.34x0.61% 3.01B
18.15x1x7.56x5.33% 2.69B
16.53x0.69x4.57x2.49% 1.05B
Average 19.22x 1.84x 11.55x 2.73% 11.82B
Weighted average by Cap. 15.33x 3.65x 14.02x 3.67%

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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  4. Valuation Hangzhou SF Intra-city Industrial Co., Ltd.