Company Valuation: Hansoh Pharmaceutical Group Company Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 91,671 77,721 84,742 96,362 196,284 153,693 - -
Change - -15.22% 9.03% 13.71% 103.7% -21.7% - -
Enterprise Value (EV) 1 76,969 60,106 64,620 73,033 164,735 118,974 113,666 109,763
Change - -21.91% 7.51% 13.02% 125.56% -27.78% -4.46% -3.43%
P/E ratio 35.2x 29.8x 26x 22.2x 34.9x 25.7x 23.4x 20.5x
PBR 4.58x 3.43x 3.29x 3.36x 5.55x 3.9x 3.42x 3.05x
PEG - - 1x 0.7x 1.3x 4.34x 2.3x 1.5x
Capitalization / Revenue 9.23x 8.28x 8.39x 7.86x 13.1x 9.07x 8.27x 7.23x
EV / Revenue 7.75x 6.41x 6.4x 5.96x 11x 7.02x 6.11x 5.17x
EV / EBITDA 24.2x 19.9x 20.8x 16.8x 28.3x 18.2x 15.8x 13.2x
EV / EBIT 26.6x 22.5x 23.6x 18.5x 30.3x 19.5x 16.9x 14.2x
EV / FCF 36.6x 24.3x 23.5x 20.5x - 21.3x 19.1x 15.4x
FCF Yield 2.73% 4.11% 4.26% 4.87% - 4.7% 5.23% 6.51%
Dividend per Share 2 0.0732 0.1 0.2129 0.3363 0.4316 0.3557 0.3834 0.4239
Rate of return 0.47% 0.76% 1.49% 2.07% 1.33% 1.4% 1.51% 1.67%
EPS 2 0.44 0.44 0.55 0.73 0.93 0.9851 1.085 1.234
Distribution rate 16.6% 22.7% 38.7% 46.1% 46.4% 36.1% 35.3% 34.4%
Net sales 1 9,935 9,382 10,104 12,261 15,028 16,948 18,594 21,250
EBITDA 1 3,175 3,019 3,101 4,347 5,830 6,533 7,210 8,307
EBIT 1 2,897 2,674 2,735 3,945 5,437 6,100 6,708 7,723
Net income 1 2,713 2,584 3,278 4,372 5,555 5,900 6,517 7,432
Net Debt 1 -14,702 -17,615 -20,122 -23,328 -31,549 -34,718 -40,027 -43,929
Reference price 2 15.48 13.13 14.31 16.24 32.42 25.35 25.35 25.35
Nbr of stocks (in thousands) 5,922,350 5,920,764 5,923,735 5,934,335 6,053,955 6,062,955 - -
Announcement Date 29/03/22 27/03/23 26/03/24 21/03/25 29/03/26 - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
25.73x7.02x18.21x1.4% 22.69B
33.11x12.04x24.78x0.6% 1,009B
24.88x5.74x15.6x2.29% 560B
27.82x6.77x13.84x3.02% 401B
17.55x4.34x10.65x3.07% 328B
23.42x4.85x13.81x1.8% 288B
20.62x5.32x12.95x3.06% 272B
12.56x4.71x9.62x4% 194B
22.73x6.08x10.62x2.89% 189B
-46.22x5.58x31.48x2.51% 160B
Average 16.22x 6.24x 16.16x 2.46% 342.43B
Weighted average by Cap. 22.34x 7.43x 17.41x 2.11%

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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