Company Valuation: CSPC Pharmaceutical Group Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 100,932 97,707 86,022 55,169 96,380 89,787 - -
Change - -3.19% -11.96% -35.87% 74.7% -6.84% - -
Enterprise Value (EV) 1 89,633 86,241 72,284 46,931 86,710 78,553 75,480 72,335
Change - -3.79% -16.18% -35.07% 84.76% -9.41% -3.91% -4.17%
P/E 14.7x 14.1x 13.5x 12.1x 21.8x 8.85x 13x 12.2x
PBR 3.17x 2.86x 2.39x 1.62x 2.56x 2x 1.87x 1.73x
PEG - 14.13x -1.73x -0.5x -9.88x 0x -0.4x 1.84x
Capitalization / Revenue 2.94x 2.77x 2.52x 1.78x 3.26x 2.33x 2.51x 2.37x
EV / Revenue 2.61x 2.44x 2.12x 1.51x 2.94x 2.04x 2.11x 1.91x
EV / EBITDA 9.5x 9.43x 8.39x 6.22x 12.1x 5.72x 7.87x 6.77x
EV / EBIT 10.7x 10.8x 9.77x 7.68x 15.6x 6.44x 9.38x 8.53x
EV / FCF 23.7x 14.1x 26.2x 17.5x 19.5x 10.3x 11.4x 10.5x
FCF Yield 4.22% 7.11% 3.82% 5.71% 5.12% 9.72% 8.8% 9.55%
Dividend per Share 2 0.18 0.21 0.28 0.26 0.29 0.4603 0.3685 0.3921
Rate of return 2.13% 2.56% 3.86% 5.44% 3.44% 5.85% 4.69% 4.98%
EPS 2 0.5773 0.5831 0.5376 0.3946 0.3859 0.889 0.6028 0.6428
Distribution rate 31.2% 36% 52.1% 65.9% 75.2% 51.8% 61.1% 61%
Net sales 1 34,309 35,292 34,175 31,046 29,533 38,506 35,713 37,849
EBITDA 1 9,431 9,148 8,615 7,547 7,168 13,737 9,592 10,689
EBIT 1 8,366 7,952 7,400 6,113 5,564 12,191 8,050 8,479
Net income 1 6,901 6,949 6,382 4,632 4,409 10,150 7,023 7,514
Net Debt 1 -11,298 -11,467 -13,738 -8,238 -9,670 -11,234 -14,307 -17,453
Reference price 2 8.470 8.200 7.260 4.780 8.430 7.865 7.865 7.865
Nbr of stocks (in thousands) 11,916,370 11,915,520 11,848,756 11,541,665 11,433,025 11,416,025 - -
Announcement Date 3/22/22 3/22/23 3/20/24 3/28/25 3/25/26 - - -
1HKD in Million2HKD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.85x2.04x5.72x5.85% 11.44B
41.42x14.04x31.11x0.48% 1,263B
39.99x6.71x18.89x1.95% 658B
36.71x8.6x17.71x2.33% 521B
21.74x5.27x13.12x2.48% 391B
106.24x6.06x25.8x2.28% 369B
23.19x5.95x14.36x2.69% 307B
24.47x4.89x13.59x1.77% 290B
29.55x7.53x13.48x2.16% 252B
-41.18x7.46x46.76x1.93% 212B
Average 29.10x 6.86x 20.05x 2.39% 427.34B
Weighted average by Cap. 37.08x 8.81x 22.77x 1.7%

Y-o-Y evolution of P/E

Valuation ratios - P/E - CSPC Pharmaceutical Group Limited

Historical PBR trend

Valuation ratios - PBR - CSPC Pharmaceutical Group Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - CSPC Pharmaceutical Group Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - CSPC Pharmaceutical Group Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - CSPC Pharmaceutical Group Limited
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