Company Valuation: Ningbo Color Master Batch Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025
Market Cap 1 3,310 2,303 2,884 2,868 3,771
Change - -30.44% 25.22% -0.52% 31.47%
Enterprise Value (EV) 1 2,564 1,541 2,092 2,124 3,083
Change - -39.9% 35.74% 1.54% 45.16%
P/E 26.5x 22.8x 28.3x 28.6x 34.1x
PBR 3.37x 2.21x 2.63x 2.52x 3.4x
PEG -2.6x -1.2x 23.96x -26.77x 2.9x
Capitalization / Revenue 6.72x 4.96x 6.39x 5.82x 8.04x
EV / Revenue 5.21x 3.32x 4.64x 4.31x 6.58x
EV / EBITDA 20.6x 16x 18.7x 19.3x 25.1x
EV / EBIT 22.4x 18.2x 21.4x 22.2x 28.3x
EV / FCF 25x 289x 57.4x -296x 106x
FCF Yield 4% 0.35% 1.74% -0.34% 0.94%
Dividend per Share 2 0.1982 0.2378 0.2378 0.5 0.5417
Rate of return 1.21% 2.08% 1.66% 3.5% 2.84%
EPS 2 0.6184 0.4995 0.5054 0.5 0.5583
Distribution rate 32.1% 47.6% 47.1% 100% 97%
Net sales 1 492.3 464.1 451.2 493.1 468.9
EBITDA 1 124.3 96.09 111.7 109.9 122.8
EBIT 1 114.4 84.56 97.93 95.51 108.8
Net income 1 108.9 100.5 101.9 100.5 110
Net Debt 1 -746.2 -761.7 -791.8 -744.4 -687.8
Reference price 2 16.40 11.41 14.29 14.28 19.05
Nbr of stocks (in thousands) 201,822 201,822 201,822 200,827 197,957
Announcement Date 24/04/22 18/04/23 09/04/24 23/04/25 28/04/26
1CNY in Million2CNY
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 459M
18.01x0.83x5.88x4.46% 22.59B
20.81x3.88x11.39x6.69% 18.95B
-86.4x0.86x6.35x0.84% 14.68B
-315.79x - - -.--% 14.44B
18.64x2.54x54.97x1.88% 13.39B
21.9x3.38x11.14x2.13% 7.3B
22.39x2.21x14.45x1.76% 5.55B
22.69x0.77x11.51x2.82% 5.49B
26.25x2.68x17.15x2.03% 4.9B
Average -27.94x 2.14x 16.61x 2.51% 10.77B
Weighted average by Cap. -39.53x 2.08x 16.01x 2.94%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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