Valuation China New Higher Education Group Limited

Equities

Delayed Hong Kong S.E. Other stock markets 10:48:10 2026-01-20 pm EST			5-day change	1st Jan Change
0.9000 ^HKD	0.00%		-5.26%	-5.26%

Dec. 24	China New Higher Education says Yun Ai enters deal with Zhongyuan Trust	RE
Dec. 01	Hong Kong Stocks Gain Over U.S. Rate Cut Expectations; Hengdeli Becomes Takeover Target	MT

Data adjusted to current consolidation scope

Fiscal Period: August	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	5,519	3,387	3,584	2,120	1,966	1,584	-	-
Change	-	-38.63%	5.8%	-40.85%	-7.26%	-19.44%	-	-
Enterprise Value (EV) ¹	7,633	5,366	5,447	2,120	3,777	2,980	2,363	1,584
Change	-	-29.7%	1.51%	-61.08%	78.18%	-21.12%	-20.7%	-32.97%
P/E ratio	10.3x	5.57x	5.13x	2.81x	2.03x	1.73x	1.63x	1.42x
PBR	1.83x	1.07x	1.02x	0.19x	0.34x	0.28x	0.23x	0.24x
PEG	-	0.4x	0.3x	0.32x	8.07x	-0.32x	0.25x	0.1x
Capitalization / Revenue	3.69x	1.76x	1.69x	0.88x	0.76x	0.57x	0.54x	0.49x
EV / Revenue	5.1x	2.79x	2.57x	0.88x	1.45x	1.08x	0.8x	0.49x
EV / EBITDA	8.07x	5.1x	4.44x	1.61x	2.67x	2.16x	1.88x	1.32x
EV / EBIT	9.59x	6.22x	5.51x	2.04x	3.4x	2.78x	2.79x	-
EV / FCF	27.1x	5.53x	8.04x	2.64x	6.73x	3.75x	3.07x	-
FCF Yield	3.69%	18.1%	12.4%	37.9%	14.8%	26.7%	32.5%	-
Dividend per Share ²	0.1367	0.1985	0.2145	0.2324	-	-	-	-
Rate of return	3.93%	9.16%	9.31%	16.9%	-	-	-	-
EPS ²	0.3392	0.389	0.4489	0.4888	0.49	0.4635	0.4933	0.565
Distribution rate	40.3%	51%	47.8%	47.5%	-	-	-	-
Net sales ¹	1,497	1,922	2,119	2,412	2,599	2,764	2,954	3,258
EBITDA ¹	945.4	1,052	1,226	1,315	1,415	1,381	1,258	1,196
EBIT ¹	795.6	862.3	989.4	1,041	1,111	1,070	846.1	-
Net income ¹	567.8	620	703.3	756.1	829.2	835.4	874	1,021
Net Debt ¹	2,114	1,979	1,863	-	1,811	1,396	779.1	-
Reference price ²	3.4805	2.1682	2.3044	1.3728	0.9971	0.8032	0.8032	0.8032
Nbr of stocks (in thousands)	1,585,822	1,562,351	1,555,251	1,544,287	1,971,942	1,971,942	-	-
Announcement Date	11/30/21	11/28/22	11/28/23	11/28/24	11/28/25	-	-	-