Company Valuation: Lao Feng Xiang Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 18,272 19,001 17,728 26,922 22,554 19,214 - -
Change - 3.99% -6.7% 51.86% -16.23% -14.81% - -
Enterprise Value (EV) 1 20,801 21,144 20,556 23,427 19,168 13,884 9,772 11,470
Change - 1.65% -2.78% 13.97% -18.18% -27.57% -29.62% 17.37%
P/E ratio 15x 12.8x 13.2x 16.3x 14.6x 13.2x 11.5x 11.2x
PBR 2.98x 2.61x 2.21x 3.12x 2.27x 1.74x 1.63x 1.54x
PEG - 0.7x -1.41x 0.5x -1.2x -1.37x 0.8x 4.51x
Capitalization / Revenue 0.35x 0.32x 0.28x 0.38x 0.4x 0.36x 0.32x 0.32x
EV / Revenue 0.4x 0.36x 0.33x 0.33x 0.34x 0.26x 0.16x 0.19x
EV / EBITDA 7.26x 6.41x 6.65x 5.78x 5.44x 4.08x 2.65x 3.16x
EV / EBIT 7.44x 6.54x 6.81x 5.9x 5.6x 4.44x 2.82x 3.18x
EV / FCF 8.09x 10.2x 23.1x 3.32x 6.65x 2.4x 6.4x 4.16x
FCF Yield 12.4% 9.79% 4.33% 30.1% 15% 41.8% 15.6% 24%
Dividend per Share 2 1.25 1.45 1.46 1.95 1.72 1.579 1.718 1.54
Rate of return 2.76% 3.16% 3.41% 2.83% 3.17% 3.54% 3.86% 3.46%
EPS 2 3.032 3.587 3.25 4.233 3.727 3.368 3.866 3.962
Distribution rate 41.2% 40.4% 44.9% 46.1% 46.1% 46.9% 44.4% 38.9%
Net sales 1 51,722 58,691 63,010 71,436 56,793 52,652 59,760 59,916
EBITDA 1 2,865 3,300 3,092 4,052 3,522 3,407 3,693 3,634
EBIT 1 2,797 3,232 3,017 3,968 3,423 3,129 3,464 3,602
Net income 1 1,586 1,876 1,700 2,214 1,950 1,762 1,982 2,073
Net Debt 1 2,529 2,144 2,828 -3,494 -3,386 -5,330 -9,442 -7,744
Reference price 2 45.33 45.85 42.80 69.00 54.27 44.56 44.56 44.56
Nbr of stocks (in thousands) 523,118 523,118 523,118 523,118 523,118 523,118 - -
Announcement Date 3/3/21 3/2/22 3/2/23 3/4/24 3/11/25 - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.23x0.26x4.08x3.54% 2.72B
29.22x4.46x16.17x1.87% 125B
72.54x5.11x47.51x0.39% 37.08B
16.27x1.57x8.94x5.04% 17.35B
20.11x3.81x15.12x3.14% 14.33B
10.67x2.03x6.42x2.86% 8.49B
13.88x - - 5.22% 1.91B
11.76x1.07x7.3x6.19% 1.87B
14.61x - - 4.61% 1.67B
91.75x - - 0.58% 1.66B
Average 29.40x 2.62x 15.08x 3.34% 21.22B
Weighted average by Cap. 34.25x 4.10x 20.47x 2.1%
See all sector valuations

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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