Company Valuation: Ningbo Tuopu Group Co.,Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 58,408 64,558 81,001 82,615 134,126 123,751 - -
Change - 10.53% 25.47% 1.99% 62.35% -7.74% - -
Enterprise Value (EV) 1 58,681 68,101 85,378 85,525 133,665 121,980 119,451 116,719
Change - 16.05% 25.37% 0.17% 56.29% -8.74% -2.07% -2.29%
P/E ratio 57x 38x 37.7x 27.5x 47.9x 38.9x 30.2x 27.5x
PBR 5.52x 5.39x 5.88x 4.23x 5.57x 4.72x 4.26x 3.79x
PEG - 0.6x 1.4x 0.8x -5.02x 2.8x 1x 2.85x
Capitalization / Revenue 5.1x 4.04x 4.11x 3.11x 4.53x 3.61x 3.07x 2.73x
EV / Revenue 5.12x 4.26x 4.33x 3.22x 4.52x 3.56x 2.96x 2.57x
EV / EBITDA 33.2x 24.2x 23.1x 17.3x 26x 21.3x 17x 15.1x
EV / EBIT 51.3x 34.4x 34.1x 25x 42.3x 34.3x 26.6x 23x
EV / FCF -25.7x -21.8x 410x 948x 122x 68x 44.4x 44.2x
FCF Yield -3.89% -4.58% 0.24% 0.11% 0.82% 1.47% 2.25% 2.26%
Dividend per Share 2 0.1917 0.3193 0.3834 0.519 0.49 0.5603 0.6694 0.7528
Rate of return 0.52% 0.79% 0.76% 1.06% 0.63% 0.79% 0.94% 1.06%
EPS 2 0.6414 1.062 1.345 1.78 1.61 1.83 2.358 2.586
Distribution rate 29.9% 30.1% 28.5% 29.2% 30.4% 30.6% 28.4% 29.1%
Net sales 1 11,463 15,993 19,729 26,600 29,581 34,267 40,300 45,370
EBITDA 1 1,770 2,813 3,701 4,943 5,137 5,734 7,043 7,717
EBIT 1 1,145 1,978 2,502 3,420 3,161 3,557 4,491 5,066
Net income 1 1,017 1,700 2,153 3,001 2,779 3,174 4,047 4,448
Net Debt 1 272.2 3,543 4,377 2,910 -460.8 -1,771 -4,300 -7,032
Reference price 2 36.55 40.40 50.69 49.00 77.18 71.21 71.21 71.21
Nbr of stocks (in thousands) 1,597,968 1,597,968 1,597,971 1,686,025 1,737,836 1,737,836 - -
Announcement Date 3/14/22 4/9/23 3/15/24 4/23/25 3/23/26 - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
38.91x3.56x21.27x0.79% 18.17B
27x1.76x14.51x1.16% 53.12B
11.01x0.68x9.01x1.33% 31.01B
12.13x0.64x5.14x3.48% 31.45B
13.96x2.55x9.02x4.24% 20.65B
9.75x0.47x4.62x3.34% 16.14B
10.87x0.98x5.68x4.69% 15.24B
34.19x1.2x13.21x0.64% 14.33B
12.65x0.96x6.37x1.08% 12.54B
16.69x2.64x10.54x2.04% 11.74B
Average 18.72x 1.55x 9.94x 2.28% 22.44B
Weighted average by Cap. 19.25x 1.49x 10.42x 2.17%

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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