Company Valuation: Kingdee International Software Group Company Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 92,241 67,889 51,441 37,506 28,467 28,186 28,186 -
Change - -26.4% -24.23% -27.09% -24.1% -0.98% 0% -
Enterprise Value (EV) 1 88,371 65,552 49,321 34,274 25,605 25,818 25,331 23,947
Change - -25.82% -24.76% -30.51% -25.29% 0.83% -1.89% -5.46%
P/E ratio -263x -212x -131x -170x -200x 452x 66.4x 38.9x
PBR 11.8x 8.94x 7.08x 4.15x 3.53x 3.44x 3.19x 3.03x
PEG - 24.11x -5.8x 3.7x 5.9x -3x 0x 0.5x
Capitalization / Revenue 27.5x 16.3x 10.6x 6.6x 4.55x 6.05x 3.57x 3.09x
EV / Revenue 26.3x 15.7x 10.1x 6.04x 4.09x 3.68x 3.2x 2.63x
EV / EBITDA 1,145x -2,314x -284x 433x 97.1x 39.5x 25.3x 17x
EV / EBIT -213x -140x -84x -81.6x -76.4x 1,016x 72.1x 33.5x
EV / FCF 736x -589x -96.1x -141x 101x 53.2x 38.1x 18.7x
FCF Yield 0.14% -0.17% -1.04% -0.71% 0.99% 1.88% 2.63% 5.35%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.1012 -0.0923 -0.1131 -0.0607 -0.0401 0.0264 0.12 0.205
Distribution rate - - - - - - - -
Net sales 1 3,356 4,174 4,866 5,679 6,256 7,006 7,905 9,115
EBITDA 1 77.2 -28.33 -173.6 79.07 263.8 652.9 1,002 1,409
EBIT 1 -415.4 -466.9 -587.3 -419.9 -335.3 -42.09 351.3 714.7
Net income 1 -335.5 -302.3 -389.2 -209.9 -142.1 92.91 422.4 718.3
Net Debt 1 -3,870 -2,337 -2,119 -3,232 -2,862 -2,368 -2,855 -4,239
Reference price 2 26.608 19.552 14.808 10.330 8.016 7.975 7.975 7.975
Nbr of stocks (in thousands) 3,466,599 3,472,181 3,473,949 3,630,898 3,551,379 3,534,289 3,534,289 -
Announcement Date 24/03/21 16/03/22 15/03/23 18/03/24 17/03/25 17/03/26 - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
312.02x3.74x40.17x-.--% 4.19B
22.7x3.44x8.72x0.95% 167B
-638.83x24.25x112.92x-.--% 69.47B
-31.19x8.57x14.42x-.--% 63.95B
57.33x4.61x15.2x-.--% 10.62B
43.54x3.4x14.05x-.--% 10.49B
453.49x9.33x25.19x-.--% 9.19B
-53.4x170.18x-56.9x - 7.96B
-29.26x3.9x17.96x-.--% 5.18B
682.91x5.24x25.78x0.27% 4.95B
Average 81.93x 23.67x 21.75x 0.13% 35.33B
Weighted average by Cap. -94.08x 12.44x 30.29x 0.46%

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 Kingdee International Software Group Company Limited