Company Valuation: LB Group Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 68,086 44,805 40,498 41,775 46,018 32,717 - -
Change - -34.19% -9.61% 3.15% 10.16% -28.9% - -
Enterprise Value (EV) 1 71,641 51,994 55,428 55,719 60,736 50,270 46,819 49,670
Change - -27.42% 6.6% 0.53% 9% -17.23% -6.87% 6.09%
P/E ratio 13.5x 13.1x 12.7x 19.4x 37.7x 18.9x 10.7x 8.6x
PBR 3.6x 2.17x 1.82x 1.83x 2.04x 1.43x 1.36x 1.27x
PEG - -0.4x -2.03x -0.6x -0.9x 0.5x 0.1x 0.4x
Capitalization / Revenue 3.31x 1.86x 1.51x 1.52x 1.77x 1.08x 1.03x 0.97x
EV / Revenue 3.48x 2.16x 2.07x 2.03x 2.34x 1.66x 1.48x 1.48x
EV / EBITDA 10.2x 8.98x 8.58x 9.23x 12.4x 9.35x 6.71x 6.4x
EV / EBIT 12.9x 12.7x 14.1x 19.1x 38.2x 19.3x 11.3x 9.49x
EV / FCF 45.3x -39.4x 113x 25.1x 29.3x 13.6x 12.1x -
FCF Yield 2.21% -2.54% 0.88% 3.98% 3.41% 7.36% 8.29% -
Dividend per Share 2 1.15 - 0.9 - - 0.6051 0.9228 1.184
Rate of return 4.02% - 5.25% - - 4.34% 6.62% 8.5%
EPS 2 2.12 1.44 1.35 0.91 0.52 0.7362 1.306 1.62
Distribution rate 54.2% - 66.7% - - 82.2% 70.7% 73.1%
Net sales 1 20,566 24,113 26,765 27,513 25,969 30,217 31,643 33,582
EBITDA 1 7,040 5,788 6,459 6,035 4,903 5,374 6,976 7,761
EBIT 1 5,554 4,086 3,917 2,924 1,592 2,600 4,159 5,234
Net income 1 4,676 3,419 3,226 2,169 1,245 1,756 3,114 3,862
Net Debt 1 3,555 7,189 14,929 13,944 14,718 17,553 14,101 16,953
Reference price 2 28.59 18.92 17.13 17.67 19.58 13.93 13.93 13.93
Nbr of stocks (in thousands) 2,381,470 2,368,139 2,364,177 2,364,177 2,350,249 2,348,685 - -
Announcement Date 4/12/22 4/27/23 4/23/24 4/23/25 4/27/26 - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.92x1.66x9.35x4.34% 4.83B
32.33x4.7x18.95x1.13% 72.6B
24.89x3.96x16.92x2.57% 33.32B
20.87x2.52x13.07x2.56% 30.16B
15.9x1.51x9.5x1.98% 26.32B
12.11x3.07x6.69x3.41% 21.55B
33.15x7.96x24.48x2.81% 20.47B
26.54x2.82x11.53x1.94% 18.98B
14.9x3.15x6.85x1.05% 18.33B
27.83x3.45x13.86x0.37% 12.87B
Average 22.74x 3.48x 13.12x 2.22% 25.94B
Weighted average by Cap. 24.63x 3.78x 14.64x 1.97%

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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