Company Valuation: Anhui Yingjia Distillery Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 55,560 50,224 53,032 43,152 31,648 29,144 - -
Change - -9.6% 5.59% -18.63% -26.66% -7.91% - -
Enterprise Value (EV) 1 55,560 50,224 50,818 41,968 31,648 28,658 28,023 27,177
Change - -9.6% 1.18% -17.41% -24.59% -9.45% -2.22% -3.02%
P/E ratio 40.4x 29.5x 23.2x 16.6x 16x 14.1x 12.6x 11.2x
PBR 9.32x 7.25x 6.36x 4.38x 2.98x 2.48x 2.21x 1.92x
PEG - 1.2x 0.7x 1.2x -0.7x 3.22x 1.1x 0.8x
Capitalization / Revenue 12.1x 9.12x 7.89x 5.88x 5.26x 4.49x 4.14x 3.76x
EV / Revenue 12.1x 9.12x 7.56x 5.71x 5.26x 4.41x 3.98x 3.51x
EV / EBITDA - 20.1x 15.7x 11.7x 11.5x 9.44x 8.31x 6.97x
EV / EBIT 30.7x 22x 16.9x 12.2x 12x 10.5x 9.21x 7.9x
EV / FCF 43.9x 35x 31.2x 41.6x - 46x 16.4x 10.9x
FCF Yield 2.28% 2.86% 3.2% 2.4% - 2.18% 6.09% 9.21%
Dividend per Share 2 0.9 1.1 1.3 1.5 1.5 1.408 1.625 1.96
Rate of return 1.3% 1.75% 1.96% 2.78% 3.79% 3.86% 4.46% 5.38%
EPS 2 1.72 2.13 2.86 3.24 2.48 2.589 2.885 3.266
Distribution rate 52.3% 51.6% 45.5% 46.3% 60.5% 54.4% 56.3% 60%
Net sales 1 4,577 5,505 6,720 7,344 6,019 6,495 7,048 7,752
EBITDA 1 - 2,495 3,234 3,579 2,744 3,037 3,372 3,898
EBIT 1 1,809 2,281 3,014 3,444 2,631 2,732 3,043 3,442
Net income 1 1,380 1,705 2,288 2,589 1,986 2,071 2,308 2,612
Net Debt 1 - - -2,214 -1,184 - -486 -1,121 -1,967
Reference price 2 69.45 62.78 66.29 53.94 39.56 36.43 36.43 36.43
Nbr of stocks (in thousands) 800,000 800,000 800,000 800,000 800,000 800,000 - -
Announcement Date 3/15/22 4/25/23 4/25/24 4/28/25 4/22/26 - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.07x4.41x9.44x3.86% 4.28B
19.29x8.31x12.35x4.03% 243B
18.04x3.87x8.45x6.02% 48.88B
13.55x3.85x9.14x4.85% 23.24B
13.01x4.48x7.74x5.83% 19.52B
28.38x3.04x13.75x3.62% 9.99B
51.63x6.9x36.16x0.8% 9.57B
17.92x2.73x10.93x1.87% 7.67B
13.52x1.72x5.78x4.97% 6.69B
13.38x3.11x8.41x4.11% 5.12B
Average 20.28x 4.24x 12.22x 4% 37.83B
Weighted average by Cap. 19.24x 6.74x 11.82x 4.31%

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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