Company Valuation: Himile Mechanical Science and Technology (Shandong) Co., Ltd

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 22,208 18,445 23,603 40,080 67,486 55,418 - -
Change - -16.95% 27.97% 69.81% 68.38% -17.88% - -
Enterprise Value (EV) 1 22,208 18,445 23,603 40,080 66,220 53,715 53,047 52,121
Change - -16.95% 27.97% 69.81% 65.22% -18.88% -1.24% -1.74%
P/E 21.1x 15.4x 14.7x 19.8x 28.2x 19.3x 16.1x 13.8x
PBR 3.41x 2.52x 2.77x 4.06x 5.62x 3.95x 3.39x 2.92x
PEG - 1.1x 0.4x 0.8x 1.5x 1x 0.8x 0.8x
Capitalization / Revenue 3.7x 2.78x 3.29x 4.55x 6.09x 4.22x 3.7x 3.31x
EV / Revenue 3.7x 2.78x 3.29x 4.55x 5.98x 4.09x 3.54x 3.11x
EV / EBITDA 15.2x 11.2x 11x 15.2x 21.2x 14.6x 12.2x 10.4x
EV / EBIT 18.5x 13.6x 12.8x 17.5x 24.1x 16.4x 13.6x 11.4x
EV / FCF - - - 52.2x 535x 47.4x 35.9x 24.6x
FCF Yield - - - 1.92% 0.19% 2.11% 2.79% 4.07%
Dividend per Share 2 0.5172 0.2586 0.431 0.2759 0.6897 0.7972 0.8762 0.8284
Rate of return 2.7% 1.62% 2.1% 0.8% 1.18% 1.67% 1.83% 1.73%
EPS 2 0.9079 1.038 1.4 1.745 2.069 2.483 2.966 3.459
Distribution rate 57% 24.9% 30.8% 15.8% 33.3% 32.1% 29.5% 23.9%
Net sales 1 6,008 6,642 7,166 8,813 11,078 13,129 14,989 16,739
EBITDA 1 1,457 1,642 2,152 2,629 3,119 3,690 4,353 5,029
EBIT 1 1,197 1,354 1,844 2,294 2,743 3,274 3,911 4,575
Net income 1 1,053 1,200 1,612 2,011 2,393 2,848 3,308 3,742
Net Debt 1 - - - - -1,267 -1,702 -2,371 -3,297
Reference price 2 19.14 15.97 20.53 34.61 58.28 47.86 47.86 47.86
Nbr of stocks (in thousands) 1,160,000 1,155,280 1,149,622 1,157,910 1,157,910 1,157,910 - -
Announcement Date 30/03/22 29/03/23 15/03/24 17/03/25 30/03/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.28x4.09x14.56x1.67% 8.18B
35.25x6.05x22.47x0.76% 121B
31.67x5.86x20.28x1.91% 38.8B
33.78x4.32x15.95x0.11% 31.66B
21.3x1.76x12.94x2.28% 30.28B
25.57x3.08x13.42x1.49% 27.81B
23.31x3.42x14.75x1.01% 28.47B
24.33x3.8x12.76x1.5% 27.18B
110.05x38.07x89.27x0.35% 25.89B
20.35x4.14x14.37x2.47% 20.93B
Average 34.49x 7.46x 23.08x 1.35% 36.02B
Weighted average by Cap. 35.19x 7.06x 22.97x 1.18%

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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