Company Valuation: Guangdong Guangzhou Daily Media Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2019 2020 2021 2022 2023 2024
Capitalization 1 6,525 5,039 5,283 6,339 5,341 6,514
Change - -22.78% 4.84% 20% -15.75% 21.96%
Enterprise Value (EV) 1 4,352 3,949 3,983 5,608 5,040 6,120
Change - -9.27% 0.88% 40.79% -10.14% 21.42%
P/E ratio 77.7x 16.1x 58.9x 143x 639x 217x
PBR 1.62x 1.18x 1.23x 1.41x 1.26x 1.54x
PEG - 0x -0.8x -2.8x -7.9x 1x
Capitalization / Revenue 9.62x 9.94x 9.68x 11.6x 9.56x 10.9x
EV / Revenue 6.41x 7.79x 7.3x 10.3x 9.02x 10.3x
EV / EBITDA -666x -42.7x -146x -304x -166x 1,186x
EV / EBIT -82.6x -30.1x -59.2x -102x -70.2x -130x
EV / FCF -32x 919x -19.7x -202x -147x -264x
FCF Yield -3.12% 0.11% -5.07% -0.49% -0.68% -0.38%
Dividend per Share 2 0.079 0.06 0.048 0.027 0.054 0.068
Rate of return 1.41% 1.38% 1.05% 0.49% 1.17% 1.21%
EPS 2 0.0723 0.27 0.0772 0.0382 0.0072 0.0258
Distribution rate 109% 22.2% 62.2% 70.7% 750% 264%
Net sales 1 678.6 506.9 546 546.1 558.9 596.7
EBITDA 1 -6.531 -92.52 -27.2 -18.47 -30.37 5.16
EBIT 1 -52.7 -131.2 -67.31 -54.78 -71.8 -46.99
Net income 1 83.95 313.5 89.67 44.35 8.36 29.99
Net Debt 1 -2,173 -1,090 -1,299 -731 -301.1 -394
Reference price 2 5.620 4.340 4.550 5.460 4.600 5.610
Nbr of stocks (in thousands) 1,161,058 1,161,058 1,161,058 1,161,058 1,161,058 1,161,058
Announcement Date 3/8/20 3/30/21 4/27/22 4/7/23 4/9/24 4/3/25
1CNY in Million2CNY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 1.11B
12.65x1.39x6.34x4.34% 24.58B
19.09x8.14x14.02x4.59% 15.11B
9.09x0.95x5.9x4.17% 13.77B
11.71x1.12x6.4x5.52% 8.94B
8.45x0.69x3.93x6.7% 6.07B
28.29x0.76x10.48x1.12% 5.27B
13.66x0.98x2.84x3.92% 3.78B
106.7x - - 0.96% 3.65B
Average 26.20x 2.00x 7.13x 3.92% 9.14B
Weighted average by Cap. 18.11x 2.48x 7.69x 4.28%
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Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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